Galxe Rebranding: GAL Changes Robe to Gravity!

Bittime - In a monumental move to expand the reach and utility of its token, Galxe announced the migration from its GAL token to Gravity (G). This transition is not just a rebranding, but rather a strategic evolution towards a more decentralized, secure and scalable ecosystem.

Gravity: The Primary Token for the Galxe and Gravity Ecosystem

Gravity, the newly launched Gravity Layer-1 blockchain native token by Galxe, will play a central role in driving various functions and incentives in the ecosystem. Built with scalability and efficiency in mind, Gravity is ready to support broader adoption and empower users across Web3.

Reasons Behind Migrating to Gravity

The decision to switch from GAL to Gravity was driven by several important factors:

• Improved Liquidity and Accessibility: The higher total supply of G tokens (12,000,000,000) compared to GAL is expected to increase liquidity and encourage wider participation in the ecosystem.

• Stronger Token Value: Gravity will serve as the primary utility token for both the Galxe and Gravity ecosystems, driving governance, growth, and facilitating payments.

• Alignment with Long Term Vision: The name “Gravity” is more in line with the project's aspirations to become a major attraction and driver of innovation in the blockchain landscape.

Impact of Migration on Galxe Users

Existing GAL token holders will see their tokens automatically converted into G tokens at a ratio of 1:60. The migration portal will open to all users on July 9, 2024, and will remain online for a minimum of one year to ensure a smooth transition.

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Benefits of Migrating to Gravity

Migrating to Gravity offers several significant benefits for users, including:

• Increased Transaction Speed: Gravity uses cutting-edge technology to achieve near-instant transaction finalization, enhancing the overall user experience.

• Lower Transaction Fees: Transaction fees on Gravity are designed to be minimal, making it more cost-effective for users.

• Strong Security: Gravity is protected by advanced security mechanisms to ensure the safety of user funds.

A Bright Future Awaits Gravity

With the launch of Gravity and successful token migration, Galxe enters a new chapter in its journey. This transition signals the project's continued commitment to creating a more inclusive and powerful Web3 ecosystem for users around the world.

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Support for Galxe Users

Galxe is committed to supporting users throughout the migration process. The team has provided a variety of informative resources, including FAQs, detailed guides, and an easy-to-use migration portal. Users can also connect with the Galxe team via their social media channels for help and the latest updates.

Migration to Gravity: Marking an Important Milestone for Galxe and its Community

The migration to Gravity marks an important milestone for Galxe and its community. With a focus on scalability, security, and utility, Gravity is ready to empower users and drive innovation in Web3.

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