Deniz 
In an official announcement, Binance has confirmed its support for the upcoming Galxe (GAL) token swap, redenomination, and rebranding initiative. This strategic move will see Galxe transition to its new identity as Gravity (G), aiming to better reflect the project’s vision and future aspirations.
Key Details of the Transition
The transition process will include a comprehensive token swap and redenomination, where existing GAL tokens will be converted to the new Gravity (G) tokens. Binance has outlined a detailed timeline and procedure to ensure a seamless transition for all users holding GAL tokens.
Timeline and Implementation
The token swap process is scheduled to commence on July 10, 2024. Binance will suspend GAL deposits and withdrawals during the swap to ensure the security and accuracy of the conversion process. Users are advised to complete any pending GAL transactions before this date to avoid any potential disruptions.
Following the completion of the token swap, GAL will be redenominated to Gravity (G) at a predetermined ratio. The new Gravity (G) tokens will be distributed to users’ accounts automatically, with no action required on their part. Trading for the new Gravity (G) tokens is expected to resume shortly after the swap is finalized.
Impact on Users
This rebranding and redenomination are part of Galxe’s broader strategy to align its brand identity with its evolving mission and technological advancements. Binance assures users that their assets’ value will remain unaffected by the redenomination, with the total supply adjusted accordingly.
Commitment to a Smooth Transition
Binance is committed to ensuring a smooth and efficient transition for all users. The platform’s robust infrastructure and comprehensive support mechanisms are in place to handle the technical aspects of the token swap and redenomination.
Users seeking further information or assistance are encouraged to visit the official Binance announcement page or contact Binance support.
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