GALA Risk

Gala (GALA)
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DESCRIPTION

GALA is the native utility token of the Gala Games platform, a decentralised ecosystem designed to create and support blockchain-based games. As a key component of the Gala Games ecosystem, the GALA token plays a central role in facilitating various activities within the platform's gaming and decentralised finance (DeFi) environment. Holders of GALA tokens benefit from access to exclusive features, participation in governance decisions, and rewards for engaging with the platform's games and services.In the Gala Games ecosystem, GALA tokens serve multiple functions, including in-game transactions, governance voting, and staking for rewards. The token allows users to purchase in-game assets, participate in game development decisions, and earn rewards through platform engagement. GALA holders are integral to the platform's decentralised governance model, influencing decisions regarding game development, protocol upgrades, and other significant aspects of the Gala ecosystem.

Gala (GALA) Whitepaper: https://gala.com/

‍RISKS OF GALA
Investing in cryptocurrency and digital assets, such as Gala (GALA), carries inherent risks, including but not limited to: (i) Volatility risk and liquidity risk
(ii) Regulatory risk
(iii) Security risk
(iv) Market risk
(v) Smart contract risk
(vi) Governance risk
(vii) Technological riskFor additional information on risks associated with cryptocurrency and digital assets, you may refer to the Satstreet Inc Services Risk Statement. Please note that these risks and the associated summaries or overviews provided for each herein are not intended to be a complete overview of all such risks, and there may be other risks associated with exposure to GALA. We encourage all users to perform their own due diligence to assess the risks associated with GALA and to determine whether this level of risk is acceptable to them. Neither GALA nor Satstreet guarantees the value of GALA, and holders of GALA will not have any recourse to GALA or Satstreet if the value of GALA declines for any reason whatsoever.

‍SATSTREET EVALUATION OF GALA
Satstreet Inc. has reviewed and assessed GALA prior to making it available through our services and has concluded that GALA is not a security or derivative under Canadian securities legislation; however, there is a risk that this conclusion could change in the future and that, in such event, Satstreet will be required to halt, suspend, and then remove GALA from its platform as described in the Satstreet Inc. Services Risk Statement.Further, as indicated above, no Canadian securities regulatory authority has expressed an opinion about GALA, including an opinion that GALA is not itself a security and/or derivative. Based on publicly available information Satstreet has reviewed GALA, including, but not limited to, a review of the following: The creation, governance, usage, and design of GALA, including the source code, security, and roadmap for growth in the developer community and, if applicable, the background of the developer(s) that created GALA. The supply, demand, maturity, utility, and liquidity of GALA. Material technical risks associated with GALA, including any code defects, security breaches and other threats concerning GALA and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them. Legal and regulatory risks associated with GALA, including (i) any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of GALA, and (ii) statements made by any securities regulatory authorities in Canada, other regulators in IOSCO-member jurisdictions, or the regulator with the most significant connection to GALA about whether GALA, or generally about whether the type of crypto asset, is a security and/or derivative.
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Last Updated: August 2024

Risk Statements

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