GalaSwap operates within GalaChain, offering a foundational platform for peer-to-peer exchange of GalaChain tokens. Future versions of GalaSwap will be fully open source, aligning with Gala's commitment to transparency and community involvement. Planned features include specialized tools tailored to GalaChain's needs.

Currently, GalaSwap allows token transfers within the Gala ecosystem for a fee of seven tokens, excluding $MUSIC initially due to its placement on a different GalaChain channel. Cross-channel swaps will be enabled in the future to ensure connectivity across GalaChain. The platform aims to provide trading options for the expanding Gala ecosystem, accommodating all GalaChain-based currencies.

Liquidity pools and slippage will be introduced soon, as transactions are currently peer-to-peer, primarily involving $GALA and backed tokens. Users can create or accept swap offers, with each exchange conducted in $GALA, maintaining a fixed gas price. GalaSwap functions akin to a traditional trading mechanism within a game, enabling users to register trades for their benefit.

The introduction of GalaSwap on GalaChain highlights the ecosystem's openness, decentralization, and community-driven nature. Additional elements include the GalaChain SDK, the Gala Creators portal, and forthcoming additions like API calls, developer documentation, and token rewards for GalaSwap users.