San Francisco, CA – August XX 2024 – Gala, a leader in the web3 entertainment space, has announced its plans to launch $TREZ, a new reward token designed to enhance user engagement and interaction within its ecosystem of Telegram mini app games.
Leaning into the simple web3 onboarding provided by the TON Blockchain and Telegram’s native mini-app platform, Gala aims to drastically increase exposure to its growing ecosystem of web3 entertainment.
Introducing $TREZ
$TREZ is set to become the official token for Gala's growing suite of "tapper" style games on Telegram, which includes titles like Treasure Tapper and Music Coin. The token aims to enrich the gaming experience by offering users tangible rewards for their in-game achievements and contributions to the community.
Players of Gala’s Telegram mini app titles are already accumulating rewards that will determine their initial distributed share of $TREZ with the upcoming token generation event.
Tokenomics and Distribution
$TREZ will be minted on TON and GalaChain, Gala’s Layer 1 blockchain, with a planned maximum supply of 100 billion tokens. The token’s distribution will focus primarily on rewarding users, ensuring that the community benefits from the growth of the Gala ecosystem.
Distribution of $TREZ will occur through both seasonal and daily reward systems. Seasonal distributions will allocate tokens based on users' engagement in activities such as collecting in-game coins, completing challenges and referring new players. Daily rewards will further incentivize participation by rewarding players based on leaderboard standings for daily tasks and in-game performance.
A New Chapter in Web3 Gaming
With the launch of $TREZ, Gala maintains its status as a pioneering force in web3 entertainment, taking full advantage of the most viral streamlined user acquisition tool available to web3 companies today. By leveraging the widespread reach of Telegram, Gala plans to introduce web3 gaming to a broader audience, making blockchain-based entertainment more accessible and engaging than ever before.
This latest move is part of Gala's broader strategy to enhance the utility and appeal of its ecosystem, not only to players, but developers looking to build web3-powered projects of their own. As the company continues to innovate, more features and updates surrounding $TREZ and its applications within the Gala ecosystem are expected to be announced.
More information about Gala and $TREZ can be found in the $TREZ Litepaper, released through the Gala ecosystem blog.
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