The purpose of the Ethereum Name Service is to facilitate the use of cryptocurrency in the virtual space. As a consequence, instead of a long address string with random characters, coin holders gain a separate, readable domain where their crypto assets will be stored. The service aims to consolidate all of a user's wallets, sites, and subdomains into a single link, and as a result, it reduces the psychological perception of the crypto space as something complex, technical and unfathomable.
The service is based on two smart contracts of Ethereum. ENS registry is the first contract, which includes domains created and stores owner and converter data. In addition, it maintains a cache of internal changes. The second contract converts the chaotic address strings of domains into easily understood by users. This particular element assigns domains a name that is subsequently linked to a specific owner.
The total stock of GAL is 100,000,000 tokens.