About this Statement
Coinsquare Capital Markets Inc. (“Bitbuy”) is offering crypto contracts to purchase and sell GALA in reliance on a prospectus exemption granted by the Canadian Securities Administrators (CSA) in the exemptive relief decision dated October 12, 2022. The statutory rights of action for damages and the right of rescission in section 130.1 of the Securities Act (Ontario) and similar legislation in the other CSA jurisdictions do not apply in respect of a misrepresentation in this statement to the extent that a crypto contract is distributed under the above-noted prospectus relief.
No securities regulatory authority in Canada or any other jurisdiction has expressed an opinion about any of the crypto assets (or crypto contracts) that are available through Bitbuy’s platform, including an opinion that the crypto assets are not themselves securities and/or derivatives.
Bitbuy has compiled the information contained in this Crypto Asset Statement to the best of its ability based on publicly available information.
About GALA
GALA is the primary utility and ecosystem token for Gala, a decentralized entertainment platform that includes Gala Games, Gala Music, Gala Film, and its proprietary Layer-1 blockchain, GalaChain. Initially launched as an ERC-20 token on Ethereum in 2020, GALA’s core utility transitioned to GalaChain following its 2024 release to support high-throughput, low-cost transactions across its gaming and media applications. In 2025, the ecosystem significantly expanded its on-chain utility with the introduction of the GalaChain SDK 2.0 and the launch of a decentralized finance (DeFi) stack, including GalaSwap and GalaPump. As of early 2026, the network is further extending its infrastructure through initiatives such as the GalaChain-TCC bridge to enhance global NFT accessibility. While GALA is bridgeable across multiple networks, Bitbuy continues to recognize and support only the ERC-20 version of the token on the Ethereum network.
Risks
As with all assets, investing in GALA is not without some general risks. All of the risks of trading and staking crypto that are identified and explained in our Risk Statement apply to GALA.
In addition to the general risks, we outline some risks that are specific to GALA below. While we make an effort to identify every source of risk, we encourage you to do your own research and ensure you are comfortable investing in GALA.
Reliance on the Ethereum Network
As GALA is only supported by CCML as an ERC-20 token on the Ethereum network, it is highly dependent on the continued stability of that network. Any fundamental issues in the Ethereum network may impact GALA’s smart contract or token value. Investors should consider this dependency when evaluating GALA.
Gala Tokenomics
GALA utilizes a dynamic emission model designed to balance ecosystem growth with inflationary control. New GALA tokens are emitted daily at a rate of 0.25% of the difference between the current total supply and the maximum supply of approximately 43.84 billion tokens. This schedule, which replaced the previous annual halving system in 2024, aims to provide consistent and predictable rewards for Founder’s Node operators who maintain the decentralized network. To further manage supply, the ecosystem implements token burns through various platform activities and transaction fees. Potential users and purchasers of GALA should carefully evaluate these tokenomics and the impact of ongoing token distribution on the market.
Bitbuy’s Due Diligence for Digital Assets
To be made available for trading on Bitbuy’s platform, a digital asset must pass the following due diligence reviews:
Bitbuy undertakes these three levels of due diligence in order to determine whether the digital asset is compliant with our legal and regulatory obligations, is secure, and has historical data supporting a beneficial business case. Bitbuy’s New Product Committee must provide final approval for a new digital asset to be made available on the platform.
References
Last updated: March 24, 2026
