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Reading: GalaChain Advances Founder’s Nodes Tokenization Despite Issues
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Kriptoteka > Market > Blockchain > GalaChain Advances Founder’s Nodes Tokenization Despite Issues
Blockchain

GalaChain Advances Founder’s Nodes Tokenization Despite Issues

marcel.mihalic@gmail.com
Last updated: October 25, 2024 12:09 pm
By marcel.mihalic@gmail.com 2 Min Read
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Luisa Crawford
Oct 25, 2024 09:36

GalaChain has successfully distributed a majority of Founder’s Node licenses as allowances. However, some nodes encountered challenges, which the team is diligently addressing to ensure smooth operations.

GalaChain Advances in Founder's Nodes Tokenization Despite Minor Complications

In a notable advancement towards decentralization, GalaChain has revealed that it has successfully issued most of the Founder’s Node licenses as GalaChain allowances. This represents a crucial step in the blockchain’s growth strategy, according to Gala News.

Tokenization Process and Challenges

Although progress has been made, GalaChain’s initial scripting process skipped some Founder’s Nodes, a challenge the team is currently working to resolve. They have reassured node operators that they are investigating this matter thoroughly to ensure all licenses are issued correctly. A solution to this delay is anticipated soon, with the outstanding nodes being incorporated into the GalaChain inventory.

Operational Continuity

GalaChain has stressed that this issue does not impact the daily functioning of the Founder’s Nodes. The node network is operating as usual, and distributions are uninterrupted. Operators are encouraged to remain patient as the team strives to provide a comprehensive resolution.

Market and Future Prospects

The transition to tokenization has experienced remarkable success, with many nodes already being exchanged on secondary markets such as NFT Harbor. This trading activity highlights the empowerment and flexibility that GalaChain provides to its community.

GalaChain is optimistic about its future projects as it continues to take a leading role in the blockchain industry. The platform’s dedication to innovation and user empowerment remains strong as it navigates these transitional issues.

For further details, the original article by Gala News can be found here.

Image source: Shutterstock


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