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Home»ADOPTION NEWS»GalaChain proceeds with founder node tokenization despite minor setbacks.
ADOPTION NEWS

GalaChain proceeds with founder node tokenization despite minor setbacks.

By Crypto FlexsOctober 25, 20242 Mins Read
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GalaChain proceeds with founder node tokenization despite minor setbacks.
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Louisa Crawford
October 25, 2024 09:36

GalaChain has successfully issued most Founder’s Node licenses, although some nodes have experienced issues. The team is actively addressing these issues to ensure smooth operations.





In a significant step toward decentralization, GalaChain announced that it has successfully issued most Founder’s Node licenses into GalaChain allowances. As noted in Gala News, this development is an important step in blockchain expansion efforts.

Tokenization Process and Challenges

Despite the progress, GalaChain’s initial script process bypassed some founder nodes, a challenge the team is currently addressing. The team confirmed that they are actively investigating this issue to ensure all licenses have been issued correctly to node operators. This delay issue is expected to be resolved soon and the remaining nodes will be added to the GalaChain inventory.

operational continuity

GalaChain emphasized that this situation does not affect the day-to-day operations of Founders Nodes. The node network will continue to operate normally and deployments will remain uninterrupted. Operators are advised to be patient as the team works to achieve a comprehensive resolution.

Market and future outlook

The tokenization transition has already been an overwhelming success, with many nodes trading on secondary markets such as NFT Harbor. This trading activity highlights the empowerment and flexibility that GalaChain provides to the community.

GalaChain is enthusiastic about its future endeavors as it continues to play a pioneering role in the blockchain space. The platform’s commitment to innovation and user empowerment remains steadfast as it addresses these transitional challenges.

For more information, you can read the original Gala News article here.

Image source: Shutterstock


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