Binance to Support Galxe (GAL) Token Swap and Rebranding to Gravity (G)

Binance,
a
leading
cryptocurrency
exchange,
has
announced
its
support
for
the
Galxe
(GAL)
token
swap,
redenomination,
and
rebranding
to
Gravity
(G).
This
transition
will
involve
several
critical
dates
and
actions
for
users
holding
GAL
tokens,
according
to
the

official
announcement.

Key
Dates
and
Actions

On
July
15,
2024,
at
03:00
(UTC),
Binance
will
delist
all
existing
GAL
spot
trading
pairs,
including
GAL/BTC,
GAL/USDT,
and
GAL/TRY,
and
cancel
all
pending
GAL
spot
trading
orders.
Subsequently,
on
July
19,
2024,
at
08:00
(UTC),
trading
will
commence
for
the
new
G/USDT
and
G/TRY
pairs.

Deposits
and
Withdrawals

Deposits
and
withdrawals
of
GAL
will
be
suspended
on
July
15,
2024,
at
03:30
(UTC).
Binance
will
notify
users
when
deposits
and
withdrawals
of
the
new
Gravity
(G)
tokens
will
be
available.
Post-event,
withdrawals
of
GAL
tokens
will
no
longer
be
supported.

Spot
Trading

All
GAL
spot
trading
pairs
will
be
delisted
at
03:00
(UTC)
on
July
15,
2024.
Users
should
update
or
cancel
their
Trading
Bots
and
Spot
Copy
Trading
portfolios
before
the
cessation
to
avoid
potential
losses.
Trading
for
G/USDT
and
G/TRY
pairs
will
open
on
July
19,
2024,
at
08:00
(UTC).

Futures
and
Margin
Trading

Binance
Futures
will
close
all
positions
and
conduct
an
automatic
settlement
on
the
GALUSDT
USDⓈ-M
Perpetual
Contracts
on
July
11,
2024,
at
09:00
(UTC).
Margin
trading
users
are
advised
to
close
their
positions
and
transfer
their
assets
from
Margin
Wallet
to
Spot
Wallet
by
July
11,
2024,
at
12:00
(UTC)
to
avoid
potential
losses.

Loans
and
Earn
Products

From
July
11,
2024,
at
03:00
(UTC),
Binance
Loans
will
close
all
outstanding
loan
positions
for
GAL.
Simple
Earn
will
cease
support
for
GAL
products
on
July
12,
2024,
at
03:00
(UTC),
with
automatic
redemption
and
resubscription
for
G
Flexible
Products
post-event.

For
more
detailed
information,
users
can
refer
to
the

official
announcement
on
Binance’s
website.

Image
source:
Shutterstock