According to BlockBeats, Galxe officials said on July 4 that the Galxe (GAL) token will be migrated to Gravity (G) to unify and optimize the experience across the two ecosystems. G is the native token of Gravity and the utility token of the Gravity and Galxe ecosystems. G drives transactions as a Gas token and will soon ensure network security through staking.
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, 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. The migration portal will be open to all users on July 9, 2024, and will remain online for at least one year to ensure that GAL holders have enough time to complete this process.
