20.6 Token

• **How do I get token decimals? **

The GetTokenClasses endpoint provides the token decimals as well as the isNonFungible flag which you can use to differentiate between NFTs and FTs

• How do I distinguish between token and NFT?

The GetTokenClasses endpoint provides isNonFungible flag which you can use to differentiate between NFTs and FTs.

• What is an instance?

An instance of a Non-Fungible Token (NFT) signifies its uniqueness. For example, GameToken #1 is distinct from GameToken #2. In contrast, instances of Fungible Tokens are represented by the value 0 as they are not unique.

• How do I identify an NFT ID in the transaction record?

For Non-Fungible Tokens, instance is used as a unique identifier whereas for Fungible Tokens will have 0 as their instance.

• What is GalaChain’s native token?

$GALA is the native token of the GalaChain network. It is utilized for all network fees, such as channel establishment and gas fees.

• Which channel is $GALA on?

The $GALA token is on the asset channel.

• Does $GALA have a token address?

$GALA (GalaChain) does not have an address.

• **How does an ERC-20 Token Contract work in GalaChain? **

The GalaChain Token Contract can produce multiple tokens. $GALA has been created on the asset channel.

• How do I get $GALA on production?

$GALA can be acquired via distribution (running a Founders Node) or by purchasing it (via GalaSwap on GalaChain or exchanges on ETH)

• Which channel can $GALA be transferred?

$GALA is held and transferred in the asset channel