✅ Galxe finalizes the plan to exchange GAL tokens to G

Galxe, a Web3 community building project, has officially announced the time to open the GAL to G token conversion portal, bringing many benefits to the ecosystem.

From July 9, 2024, users can convert Galxe (GAL) tokens to Gravity (G) at a ratio of 1:60, meaning 1 GAL token will be exchanged for 60 G tokens.

This decision was approved by the Galxe DAO community through proposals GP-25 and GP-30 in April 2024, aiming to enhance the utility and value of the token in the ecosystem.

Token G will be a native token on layer-1 Gravity and also a utility token for both the Gravity and Galxe ecosystems. The benefits of G token include:

Staking: Users can stake G tokens to receive rewards.

Governance: G Token will allow holders to participate in governance decisions within the ecosystem.

On-chain transaction gas fees: G token will be used to pay gas fees for on-chain transactions.

Payment of fees: G tokens will be used to pay fees for applications built by Galxe, including Galxe Quest, Galxe Passport, Galxe Score, Galxe Shop, Galxe Earn, and many more.

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