The term "Galxe coin" typically refers to the native utility token of the Galxe platform. Originally named Project Galaxy, the platform is a leading Web3 growth and digital identity credential network. Its core mission is to build an open, collaborative credential data network that helps developers and projects attract users, build communities, and enhance the utility of digital assets through on-chain and off-chain activities (such as social media and GitHub).
Project Core and Latest Developments
Galxe was founded in 2021 by Charles Wayn, Harry Zhang, and Xinlu C. Its main products include:
- Galxe Quest: An activity platform where users earn credentials and rewards by completing specific tasks.
- Galxe ID: Users' decentralized digital identity.
- Galxe Passport: A self-custodial identity verification tool.
- Earndrop: A new reward mechanism combining airdrops and task completion.
A key architectural change is that Galxe now operates on its own Layer 1 blockchain, Gravity. The Gravity mainnet launched in 2026. A significant token migration related to this is that the original GAL token has been migrated to the new G (Gravity) token at a ratio of 1 GAL = 60 G. After the migration, the maximum supply of G is 12 billion tokens. Users should note that the Gravity Alpha mainnet is scheduled to close on November 1, 2026, and any related staking must be unstaked before this date.
Additionally, Galxe experienced a DNS attack in October 2023, which resulted in some users incurring losses due to signing malicious contracts. This serves as a reminder for users to remain vigilant when participating in any on-chain interactions.
G Token Functionality and Market Status
The G token is the utility token of the Gravity network and its ecosystem, primarily used for:
- Governance: Holders can participate in platform decisions.
- Staking: To support network security and earn rewards.
- Payments: Used to pay for services within the platform.
As of October 17, 2026, the G token (migrated from GAL) price is approximately 0.51 to 0.52 USDT, with a circulating market capitalization of about 65.11 million USD. Its 24-hour trading volume indicates fluctuations in market liquidity.
Trading Channels and Precautions
G tokens can be traded on certain cryptocurrency exchanges. Since the token migration is complete, it is crucial to confirm that the trading pair corresponds to the new G token (based on the Gravity chain) and not the deprecated old GAL token when trading.
- Centralized Exchanges (CEX): Platforms like Kraken may offer G trading pairs. Before trading, verify its listing status and trading pairs directly on the target exchange.
- Decentralized Exchanges (DEX): You can connect to a compatible DEX via a Web3 Wallet that supports the Gravity chain (e.g., MetaMask, requiring manual addition of the Gravity network) to swap G tokens. Major DEXs like PancakeSwap may already support G-related trading pairs.
Given that the token has completed its mainnet migration and involves a transition between old and new tokens, it is essential to independently verify the contract address, network configuration, and platform support status before trading.
