Today I saw @Galxe ’s announcement that it will launch its own chain this month, called Gravity, and it is an advanced Layer 1, not L2. I was secretly delighted. Will it issue coins? Will there be airdrops?
For airdrop hunters, Galaxy is very familiar with it. They are all using its products. In the future, when receiving tasks, NFT/OAT interactions will be the main network interactions of Gravity chain. Will that happen? Hehehe
After in-depth research, I saw this
Galxe's existing token GAL will be migrated to the new Gravity blockchain and converted to a new token G, which will be used for network GAS payments, including cross-chain transactions, verification, pledge and re-pledge services, etc.
⭐My conclusion 2 points
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🔹The old GAL token is directly converted to G for use as the main network GAS. Like other public chain projects, the airdrop of Gravity network is likely to be out of the question, but it is likely to be around GAL empowerment, which is good for the original holders. Secondly, it is not ruled out that there will be new airdrop activities in the future, so keep paying attention
🔹GAL tokens used to be only for governance and pledge, but now they are used for GAS consumption. With actual application scenarios, the token will enter deflation in the later stage... I have said this, traders should understand?
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Currently, the Galaxy ecosystem has more than 20 million users, and the Gravity chain will become the largest on-chain distribution network of Web3. The growth potential of the Galaxy ecosystem is huge. In the future, the daily consumption and deflation of GAL are what I am most concerned about.
I tend to be optimistic in the long term, but I do not recommend anyone to speculate in the short term.
The original link is as follows:
https://s.foresightnews.pro/article/detail/61121
This article is only a record of my personal research and is not an investment advice to anyone