Bitkub Exchange to support token migration of Galxe (GAL) to Gravity (G)

Following the new operations plan issued by the token issuer of Galxe (reference), Bitkub Exchange will support the migration of Galxe (GAL) to Gravity (G) tokens (on the same network, Ethereum (ERC-20)). Please see the details below.

Change of token’s name

• Current token’s name: Galxe (GAL)

• New token’s name: Gravity (G)

  • Smart contract address of G token: 0x9C7BEBa8F6eF6643aBd725e45a4E8387eF260649

Change of logo

• The logo of the Gravity token that will appear on the platform of Bitkub Exchange is as shown below.

Token ratio after the migration

• According to the Galxe token issuer’s guideline, GAL tokens will be changed to G tokens at a ratio of 1:60 (1 GAL : 60 G).

Schedule

• Bitkub Exchange will further announce the schedules for related processes to migrating GAL to G tokens including the deposit, withdrawal, and trading (buy-sell) termination/activation of GAL and G respectively on our official communication channels. Please follow us closely for more updates.

• Trading of GAL is available until the Company begins the token migration to G according to the schedule which will be announced further.

• The Company will change the GAL tokens stored in all Bitkub wallets to G automatically; customers who hold GAL tokens on Bitkub Exchange do not need to process anything concerning this migration. Once the token migration is completed, the G tokens will be stored in G wallets on Bitkub Exchange.

• If you do not consent to Bitkub Exchange to migrate your GAL tokens in your Bitkub wallet to G tokens, please consider managing your digital assets carefully before the said token migration according to the schedule that will be announced further.

For more information about the token migration announced by the token issuer, please click here.

Remarks:

• Please follow us for official updates and consider managing your GAL holding properly before the deactivation of deposit, withdrawal, and trading of GAL according to the schedule which will be announced further.

• Bitkub Exchange reserves the right in its sole discretion to amend or change these announcement details, and we will notify you further if there is any change.

• The prices of GAL and G may differ. Please manage your assets carefully before we migrate the remaining GAL on the system to G tokens per this announcement. You can check the international market price of GAL here and G here.

• The asset price may fluctuate due to the market mechanism. Please do research and make a careful investment decision. 

• The criteria and conditions mentioned in the referred announcement of the Galxe team are determined by the Galxe team solely.

• Cryptocurrency investment is classified as a high-risk investment. Before making investment decisions, please consider the risks and invest wisely. 

Thank you for your trust and continued support.