Jessie A Ellis
Jul 21, 2024 09:24
Binance has finalized the Galxe (GAL) token swap, redenomination, and rebranding to Gravity (G), now available for trading.
Binance has successfully completed the token swap, redenomination, and rebranding of Galxe (GAL) to Gravity (G), as announced on the official Binance website. The transition marks a significant update for users holding GAL tokens.
Deposits and Withdrawals
Deposits and withdrawals for the newly rebranded Gravity (G) tokens are now open. Binance has also commenced spot trading for the G/USDT and G/TRY pairs as of 2024-07-19 08:00 (UTC). Users with active Spot Copy Trading portfolios can include these pairs by enabling them in the Spot Copy Trading settings under the Personal Pair Preference section.
Details of the Token Swap
According to Binance, the token swap was executed at a ratio of 1 GAL to 60 G. Users can view their token distribution history on the Binance platform. Additionally, new G token deposit addresses are available for users to obtain on the Binance website.
Important Notes
- Withdrawals of old GAL tokens are no longer supported.
- Users are advised to consult the original English version of the announcement for the most accurate information, as translated versions may contain discrepancies.
Conclusion
This rebranding and redenomination initiative by Binance is expected to streamline the user experience and provide a fresh identity for the token formerly known as Galxe. The crypto community will be watching closely to see how the new Gravity (G) token performs in the market.
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