Galxe announced that $G holders can now bypass the seven-day withdrawal waiting period using Fast Withdraw on GravityChain. The feature removes the standard unstaking delay for G token holders and is detailed in Gravity's update. It is one of several new utilities recently added for the G token alongside engagement rewards and a fee-burning mechanism.
The fully EVM-equivalent Gravity Layer-1 mainnet launched, combining Proof-of-Stake validation, a pipelined AptosBFT consensus engine, and the parallel Grevm execution engine to deliver sub-second finality at 12,000+ TPS.
The Gravity Alpha Mainnet launched as an Arbitrum Nitro-based Layer 2, bringing the Galxe ecosystem onchain and testing cross-chain settlement in a production environment ahead of the full L1 mainnet.
Following DAO governance approval, the legacy GAL token was upgraded to Gravity (G) at a 1:60 conversion ratio, with G serving as the native gas, staking, and governance token for the Gravity chain and Galxe ecosystem.
Galxe announced Gravity, an omnichain Layer-1 smart contract platform designed for cross-chain settlement and mass adoption, with Alpha Mainnet planned for June 2024 and full Mainnet for Q2 2025.
An attacker used social engineering against domain registrar Dynadot to seize control of galxe.com, redirecting users to a phishing site that drained wallets; approximately 1,120 users were affected.
Project Galaxy officially rebranded to Galxe, retiring the 'project' label to reflect its evolution into a fully-fledged Web3 ecosystem with a new name, logo, and identity.
Eligible early adopters, including Galaxy NFT holders and active community participants, could claim their GAL token airdrop beginning at 5 AM PST.
The GAL token was launched via Binance Launchpool, allowing users to farm GAL by staking BNB, CAKE, and BUSD, marking the project's token generation event.
Project Galaxy closed a $10 million financing round co-led by Multicoin Capital and Dragonfly Capital, with participation from Coinbase Ventures, Binance Smart Chain Growth Fund, Solana Ventures, and others, to build the credential data network.
Project Galaxy (later rebranded to Galxe) was founded by Harry Zhang and Charles Wayn with a vision to build an open, collaborative credential data network for Web3.