TechFlow news, the Galxe community has opened voting on a proposal to "change the token symbol from GAL to G" and migrate the contract. This proposal aims to enhance GAL's brand image and market recognition, eliminate confusion caused by the current token symbol, and strengthen community engagement. If the proposal passes, the Galxe team will collaborate with community members to develop a detailed plan, including timelines, technical roadmaps, and tokenomics adjustments.
To strengthen the brand identity and increase community participation, the original token symbol GAL will be changed to G, and the existing GAL token smart contract will be upgraded. GAL tokens will be exchanged for G tokens at a ratio of 1:60, meaning each GAL token holder will receive 60 G tokens for every 1 GAL token. The total supply of G tokens will be set at 12,000,000,000 tokens, which is 60 times the current total supply of 200,000,000 GAL tokens.
