Galxe announces that the migration of GAL to the G Token Portal will open on July 9th

News on July 4th, Galxe officially announced that the Galxe (GAL) token will be migrated to Gravity (G), aiming to unify and optimize the experience across both ecosystems. G is the native token of Gravity, as well as a utility token for both Gravity and Galxe ecosystems. As a Gas token, G drives transactions and will soon secure network safety through staking. As the main utility token across two ecosystems, G promotes governance decisions, stimulates growth, and facilitates payments. The G token will serve as the native currency of Gravity Alpha's mainnet and exist as an ERC20 token on Ethereum, BNB Chain, and Base with an initial total supply of 12 billion tokens. After completing chain migration, existing GAL tokens held by users will be destroyed and new G tokens sent to their wallets at a ratio of 1:60. The migration portal will open for all users on July 9th ,2024,and remain online for at least one year to ensure GAL holders have ample time to complete this process.