- Gala Games supports creators but doesn’t want them focused on token prices and ROI, removing influencer Jesus Martinez for his focus on ROI
- Martinez says he tried to give a voice to the Gala token trading community, but Gala was concerned about potential legal issues
- Legal experts say it’s unlikely Gala would be liable for influencer behavior, but influencers could potentially violate securities laws for insider trading
Background on Gala Games Creator Program
Gala Games is ramping up its creator program, which provides approved creators with a monthly grant of $1000 worth of GALA to give away during livestreams or events. The program is an initiative to spread awareness about Gala and bring creators together.
However, Gala doesn’t want creators who focus on ROI or “moonboy” content to be part of the program. Gala doesn’t want to incentivize anything that creates liability for the project.
The Conflict Between Gala Games and Crypto Influencer Jesus Martinez
Jesus Martinez, a crypto influencer and YouTuber, was removed from Gala’s creator program. Martinez had created videos showing his commitment to the Gala community and hosted his own Gala tournament.
But Gala was concerned his content focused too much on ROI and token prices. Martinez said he has tried to give a voice to the Gala token trading community.
The Legality of Influencers Front-Running Tokens
In theory, could an influencer front-running tokens or making price predictions pose a real legal risk to Gala? Legal experts say it’s unlikely Gala would be liable for influencer behavior.
However, influencers who violate Gala’s terms of service could potentially be held liable under securities laws for insider trading. Gala’s terms argue the Gala token is not a security.
Gala Games supports crypto gaming influencers but wants to avoid potential legal issues related to front-running tokens or insider trading. The conflict with Martinez highlights the balance Gala aims to strike.