Galxe Token Migration: GAL to G
Galxe is migrating its GAL token to a new token called G, which will serve as the native token for both the Gravity and Galxe ecosystems. The migration aims to unify and streamline user experience across both platforms. G will function as the gas token for transactions on Gravity Chain, secure the network through staking, and serve as the utility token in the Galxe product suite. The migration process will begin on July 9th, 2024, with a 1:60 conversion ratio from GAL to G. Users holding GAL in personal wallets will need to use an official migration portal, while those with GAL on supported centralized exchanges may have their tokens automatically migrated. The migration window will remain open for at least one year.