Gala Games Announces Destruction of Nearly 1 Billion GALA Tokens

According to Odaily, Gala Games has announced the destruction of nearly 1 billion GALA tokens. The news came following a governance proposal initiated by the Gala community regarding a temporary GALA token contract upgrade and token destruction. The proposal was made in response to recent security incidents that led to the unauthorized minting and sale of approximately 600 million GALA tokens, as well as the permanent locking of about 44 billion tokens. The aim of the proposal is to formally destroy these approximately 44 billion GALA tokens, along with about 600 million GALA tokens from the GALA treasury, in order to ensure the stability and sustainability of the ecosystem. This move by Gala Games is seen as a necessary step to maintain the integrity of the GALA token ecosystem following the security breach.