On May 20, an attacker minted $200 million worth of GALA tokens, selling a small portion before Gala Games froze the wallet. The attacker returned $22 million worth of Ether on May 21, following Gala's swift response and involvement of law enforcement. Gala used a new blocklist protocol to freeze most of the tokens. The team's co-founder indicated plans to buy back and burn the equivalent GALA tokens with the returned Ether. A governance vote is underway to decide if the frozen tokens will be considered burned. Gala Games' swift action and external support helped stabilize the token’s value. . . . #galatoken #galagames #ether #galaswift #galatokens #lawenforcement #diginoch #diginochblogs
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I have experience dealing with the value of in-game currency. Our team wants to introduce a new feature to retain free users—specifically, granting users a small amount of Gems (hard currency) whenever they complete an easy task that takes about 5 minutes. Of course, the amount of currency rewards cannot be too high to avoid disrupting the system, and it needs to be consistent with the conversion formula over time. However, after calculating, the amount came out to 0.7 Gems. Can we grant the user 1 Gem? Nah since it would be 50% higher than the calculated balance. Can we avoid granting Gems altogether? That doesn’t seem ideal either, as the game only has two currencies, and the soft currency is plentiful, like in any idle genre game. The last approach to consider is scaling all the values in the game by 2, 5 or 10, so that the reward amount will become an integer (1.4 flooring down or 7 if x10) and all formulas remain balanced. Even now, I don’t think this is the best idea, but I can't think of a better solution.
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💰 What are some of the difficulties you've seen in games when engaging with or designing for multiple currencies? ✅ By the way, if you enjoy this topic, every week there's an additional topic in the Signposted discord: https://lnkd.in/gr2Yuzri #gamedesign #gamedev #gamedevelopment
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