According to PANews, the Galxe community's proposal to change the token symbol and migrate the token contract has been approved with a support rate of 99.71%. The GAL token will be exchanged for the G token at a ratio of 1:60.
The proposal included a series of technical improvements, coordination with ecosystem strategic members, and planning for a smooth transition process. Key aspects included modifications to the codebase, adjustments to the identification study, and communication strategies for different stakeholder groups. To strengthen the brand image and increase community participation, it was necessary to change the original token symbol GAL to G and upgrade the existing GAL token smart contract.
If the proposal was approved, the GAL token would be exchanged for the G token at a ratio of 1:60. The total supply of G tokens would be changed to 12 billion, which is 60 times the current total supply of 200 million GAL tokens.