Gala Games Announces Stable Pricing Strategy Amidst Market Uncertainties
Gala Games has introduced a new pricing strategy based on the 3-day moving average of accepted tokens to combat market volatility and ensure stable and fair pricing for its users.
On August 1st, Gala Games, a leading gaming platform and studio, unveiled a crucial modification to its store pricing framework. This alteration is designed to offer users a more predictable and stable pricing environment, especially in the face of market fluctuations.
Historically, the Gala Games Store's pricing was influenced by the real-time data of $GALA and ETH. This instantaneous approach, while allowing for immediate price adjustments in sync with market dynamics, also introduced challenges. Users often confronted rapid and unpredictable price shifts, which could be attributed to sudden market volatility or potential market manipulation.
Transitioning to a 3-Day Moving Average Model
Heeding the feedback from its user community, Gala Games is transitioning to a pricing model grounded in the 3-day moving average. This method is anticipated to significantly diminish the repercussions of sudden price alterations, leading to more uniform pricing. The 3-day moving average, a widely employed tool, averages out the most recent three days' data.
It's primarily utilized to temper short-term volatility and pinpoint longer-term market trends. As a result, the prices displayed in the store will mirror the average value of $GALA, ETH, SILK, and other accepted tokens over the preceding three days. This refined pricing approach aims to minimize the effects of sudden price surges or declines, ensuring a more balanced and user-centric shopping experience.
A Forward-Looking Approach
This significant transition, which was activated on August 1st, is envisioned as a lasting change. However, Gala Games has highlighted that this is an initial test phase for the new pricing system. The primary objective behind this modification is to insulate Gala Games' users from abrupt market swings and potential manipulative practices. The company's ambition is to bolster user confidence, ensuring they experience consistent and equitable pricing when shopping.
Gala Games remains committed to fostering a community characterized by fairness, stability, and enjoyment. They continually strive to ensure that users have an exceptional experience, whether they're engaging in one of their games or browsing the Gala Games Store. The company has expressed gratitude for the ongoing support and feedback from its community and is enthusiastic about the positive implications of this pricing model adjustment.