Gravity (by Galxe)Price

(G)

The official migration ratio is 1:60. This means for every 1 GAL token you hold, you will receive 60 G tokens in return. This favorable conversion aims to enhance token accessibility and utility within the new Gravity Layer 1 blockchain ecosystem. Holders are encouraged to understand this ratio to accurately assess their G token allocation post-migration.

For tokens held on most major centralized exchanges, the migration process was handled automatically. However, if your GAL tokens are stored in a self-custody wallet, such as a hardware wallet or popular software wallet application, you must manually initiate the migration. This is done via the official Galxe migration portal. Always verify the status with your specific exchange if unsure, as some platforms might require user action or have different timelines.

The G token serves multiple crucial functions. It acts as the native gas token for the Gravity blockchain, powering all transactions. Users also utilize G for payments across various Galxe services, including Passport, Score, and Quest fees. Furthermore, G token holders gain governance rights, allowing them to vote on important protocol upgrades and treasury decisions within the G DAO. Finally, staking G tokens is essential for network security and can unlock additional ecosystem rewards.

The fundamental difference lies in their core function and infrastructure. The GAL token was primarily an ERC-20 utility token operating on existing blockchain networks, mainly facilitating platform services. In contrast, G is the native Layer 1 token specifically designed for the independent Gravity blockchain. This elevated status grants G deeper technical utility, as it is integral to securing the network through a Proof-of-Stake (PoS) consensus mechanism, moving beyond just platform utility to foundational blockchain operation.

Staking G tokens primarily enhances your eligibility for rewards by acting as a multiplier, or "Boost." This means staking increases your potential rewards from various Galxe activities, such as Quests or partner project airdrops, rather than offering a fixed annual percentage yield. Regarding unstaking, there is a mandatory 7-day waiting period. Once you initiate a withdrawal request from the Galxe Staking Dashboard, your tokens will only become available in your wallet after this 7-day period has elapsed.

The "Gravity Alpha Mainnet," launched in 2024, is an initial deployment built as an Ethereum Layer 2 rollup using Arbitrum Nitro technology. It functions as a crucial testing and development environment, preparing the groundwork for the project's ultimate vision. The full, independent Gravity Layer 1 blockchain is an entirely new network designed for high-speed parallel EVM execution. This foundational blockchain is officially scheduled for release in the second quarter of 2025, marking a significant milestone for the ecosystem.