On July 4th, Galxe officially announced that the Galxe (GAL) token will be migrated to Gravity (G) to unify and optimize the experience across the two ecosystems.
G is Gravity's native token and a utility token for the Gravity and Galxe ecosystems. G acts as a gas token to drive transactions and will soon secure cyber security through staking. As the primary utility token across both ecosystems, G drives governance decisions, incentivizes growth, and facilitates payments.
The G token will be the native token of the Gravity Alpha mainnet and will exist as an ERC20 token on Ethereum, BNB Chain, and Base. The initial total supply is 12,000,000,000.
After completing the on-chain migration, users' existing GAL tokens will be destroyed and new G tokens will be sent to their wallets at a ratio of 1:60. The migration portal will be open to all users on July 9, 2024 and will remain online for at least one year to ensure that GAL holders have enough time to complete the process.
Galxe announces GAL migration to G token portal will open on July 9
2024-07-04 01:15:30
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