Galxe announces that the portal for GAL migration to G tokens will open on July 9

Odaily News Galxe announced on the X platform that the Galxe (GAL) token will migrate to Gravity (G) to unify and optimize the experience across the two ecosystems. G is the native token of Gravity and supports the Gravity and Galxe ecosystems. G acts as a gas token for transactions on Gravity, will ensure network security through staking, and serves as a utility token in the Galxe product suite. As the main utility token across the two ecosystems, G drives governance decisions, incentivizes growth, and facilitates payments. The G token will serve as the native token of the Gravity Alpha mainnet and exist as an ERC20 token on Ethereum, BNB Chain, and Base. The initial total supply is 12,000,000,000. After the on-chain migration is completed, the user's existing GAL tokens will be destroyed and new G tokens will be sent to their wallets at a ratio of 1:60. If the user does not migrate GAL, they can still keep GAL. However, the existing functions of GAL will be fully transitioned to G. The migration portal will be open to all users on July 9, 2024, and will remain online for at least one year to ensure GAL holders have adequate time to complete the process.