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

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, supporting the Gravity and Galxe ecosystems. G acts as a gas token for transactions on Gravity, will secure the network 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. G tokens will serve as the native token of the Gravity Alpha mainnet and exist as ERC20 tokens on Ethereum, BNB Chain, and Base. The initial total supply is 12,000,000,000. After the on-chain migration is completed, users' existing GAL tokens will be destroyed and new G tokens will be sent to their wallets at a ratio of 1:60. If users do not migrate GAL, they can still keep GAL. However, GAL's existing functions will be fully transitioned to G. The migration portal will be available 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.