- Binance successfully completed the token swap, revaluation, and rebranding of Galxe (GAL) to Gravity (G).
- The new G tokens are now available for deposit and withdrawal on the platform.
- The distribution of the new G tokens was conducted at a ratio of 1 GAL to 60 G, and users can now view this in their token distribution history.
Binance completes the Galxe to Gravity rebranding, opening a new chapter in crypto asset management.
Binance Announces Rebranding of Galxe (GAL) to Gravity (G)
On [insert date], Binance announced the successful completion of the token swap, revaluation, and rebranding of Galxe (GAL) to Gravity (G). This comprehensive process involved significant technological and operational shifts, aimed at seamlessly integrating the new G tokens into the existing ecosystem. Effective immediately, users can now deposit and withdraw the new G tokens, facilitating a smoother and more efficient trading experience.
Introduction of G/USDT and G/TRY Trading Pairs
Starting at 11:00 AM today, Binance launched spot trading pairs for G/USDT and G/TRY. This introduction allows traders to leverage the stability of USDT and the local relevance of TRY against the new Gravity tokens. Users engaging in Spot Copy Trading can now activate these pairs in their settings, thereby expanding their trading opportunities and enhancing their strategy frameworks.
Token Distribution and Transition Details
In the recent transition from Galxe (GAL) to Gravity (G), token distribution was executed at a conversion rate of 1 GAL to 60 G. Users can check their distribution history to ensure the accurate reflection of new token allotments. Additionally, Binance has emphasized that withdrawals of the former GAL tokens will no longer be supported. This ensures a clean slate as users fully transition to the rebranded Gravity tokens.
About Galxe and the Gravity Transformation
Galxe was an Ethereum-based ERC-20 token designed to support a network of identity data. The project facilitated interaction between brands, developers, and communities within the Web3 ecosystem. The rebranding to Gravity signifies a strategic shift towards creating a more cohesive framework for engagement and product development within the decentralized landscape. Such a transformation positions the Gravity (G) token as a pivotal asset in the push towards more innovative and collaborative blockchain projects.
Conclusion
The rebranding of Galxe to Gravity marks a significant milestone in Binance’s ongoing efforts to streamline and optimize its cryptocurrency offerings. Users can look forward to a more integrated and efficient trading environment, bolstered by the new G tokens and their respective trading pairs. This development not only enhances user experience but also signals Binance’s commitment to evolving and adapting in the fast-paced world of digital assets.
