Galxe (GAL)

Tokenomics & Utility

GAL originally had a total supply of 200 million tokens. Its published allocation included a community treasury, team tokens, foundation reserves, early-adopter rewards, ecosystem funding, and allocations for backers. The treasury received 20% of the original supply, while the team received 15%. These figures describe GAL’s original distribution, before the move to G. (binance.com)

G launched with an initial total supply of 12 billion tokens. That figure follows the 1:60 conversion: 200 million multiplied by 60 equals 12 billion. When a holder converted GAL through the project’s process, the GAL was burned and G was issued on the same supported chain. Galxe stated that GAL’s existing utility would move to G. (galxe.com)

G has several stated functions. It pays transaction fees on Gravity, supports governance through the G DAO, and can be used for payments in Galxe applications. This gives the token a role in both the blockchain and the services built around it. Galxe also introduced a G Staking feature for platform benefits, but announced that this particular feature would close as the older Gravity Alpha network is retired. (galxe.com)

G exists in different network forms, including a token on Ethereum and a native token on Gravity. A wallet’s network setting determines which balance it displays and which applications can use that balance. For example, Galxe Quest reward contracts on Gravity L1 use G on Gravity L1, rather than G held on the earlier Alpha network. (galxe.com)