Cryptocurrency exchange Binance announced that it has successfully completed the token swap, revaluation and rebranding of Galxe (GAL) into Gravity (G). The new G tokens can now be used for deposits and withdrawals.
Binance Completes Galxe Token Swap and Rebrands as Gravity
As of 11:00 today, spot trading has started for G/USDT and G/TRY pairs. Spot Copy Trading users can include these pairs by enabling them in the Spot Copy Trading settings section.
The distribution of new G tokens was carried out at the rate of 60 G for 1 GAL. Users can review their token distribution history and obtain new G token deposit addresses on the platform.
Binance also stated that withdrawals of legacy GAL tokens are no longer supported, ensuring a smooth transition to the new branded Gravity tokens.
What is Galxe (GAL)?
It is an Ethereum-based ERC-20 token that powers Galxe’s identity data network.
Galxe is a collaborative credential infrastructure that enables brands and developers to engage with communities and build robust products on Web3.
*This is not investment advice.