TechFlow reports, according to the Snapshot page, the Galxe community has voted in favor of the proposal to "replace the GAL token with G at a 1:60 ratio," with a final approval rate of 99.71%.
The proposal aims to enhance GAL's brand image and market recognition, eliminate confusion caused by the token symbol, and boost community engagement. If approved, the Galxe team will collaborate with community members to develop a detailed plan, including timelines, technical roadmaps, and adjustments to tokenomics.
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, which is 60 times the current total supply of GAL tokens (200,000,000).
