"What is the difference between Crypto.com's Gala V1 and V2, and how do I upgrade my current version?"
**ERC-20 token**: GALA is an ERC-20 token, a type of token that operates on the Ethereum blockchain, which powers the Gala Games platform.
**Blockchain-based gaming**: Gala Games uses blockchain technology to ensure true ownership of in-game assets and gives players a voice in the gaming ecosystem.
**Node operation and in-game purchases**: The GALA token is used for various purposes within the platform, including node operation and in-game purchases.
**GALA v2 upgrade**: On May 15th, 2023, GALA v2 was dropped as a 1:1 ratio to all GALA v1 holders as a new and improved Gala Games and Entertainment ecosystem token.
**Enhanced burn mechanisms**: The GALA v2 upgrade brings enhanced burn mechanisms, which means that the token supply can be reduced, potentially increasing its value.
**Security enhancements**: The GALA v2 upgrade also includes security enhancements, which improve the overall security of the Gala Games ecosystem.
**Future upgradeability**: The GALA v2 upgrade allows for future upgradeability, making it easier to implement new features and improvements.
**Contract swap**: Crypto.com will support the contract swap, and a snapshot of all user balances will be taken on May 15th, 2023.
**Automatic conversion**: An automatic 1:1 conversion for all users has been arranged, and support for the GALA v1 token will be immediately dropped.
**No action required**: Users holding GALA in their Ethereum wallets do not need to take any action, as the conversion will be done automatically.
**GALA token price**: The live Gala price today is around $0.00428 USD, with a 24-hour trading volume of around $152,759,971.97 USD.
**Market capitalization**: Gala's market capitalization is around $1.56 billion.
**Circulating supply**: The circulating supply of GALA is around 35 billion tokens.
**Price decline**: The GALA token has experienced a 26% price decline in the last 24 hours and a 25% price decline in the past 7 days.
**Web3 gaming project**: Gala Games is a web3 gaming project that aims to revolutionize the gaming industry by allowing players to truly own their in-game assets.