Core technologies include Zero-Knowledge Proofs (ZKP), staking-based architecture, and advanced consensus mechanisms, ensuring both security and cost efficiency. Users can perform cross-chain transactions without dealing with technical complexities.

Gravity will integrate with the Galxe ecosystem, supporting existing products such as Quest, Compass, Passport, Score, Alva, and Identity Protocol. It’s expected to reach over 60 million monthly transactions, leveraging Galxe 20 million-user base to deliver full-chain abstraction—making Web3 interactions easier for users and developers alike.

Founding Team

Gravity is developed by the founders of Galxe:

• Charles Wayn
• Harry Zhang
• Xinlu C

This experienced team aims to make Gravity the foundational infrastructure of the Galxe ecosystem—scalable, secure, and efficient.

Key Partnerships

1. Galxe Ecosystem Integration
Gravity will launch with full integration across Galxe’s suite of products, expecting over 60 million monthly transactions and positioning itself among the most active chains.

2. Gravity Ecosystem VC Alliance ($50M)
A $50 million initiative backed by top VCs to support builders developing on Gravity, offering access to an extensive investor network.

3. Restaking Partnerships
Gravity will integrate with Babylon and EigenLayer to enhance network security and PoS restaking.

Project Vision

Gravity simplifies cross-chain operations for Web3 users, allowing them to manage assets across multiple blockchains from one platform with complete security.

How It Works

• Omnichain Transactions: Fast and secure transfers across multiple chains.

• Intent-Based Transactions: Execute desired outcomes without technical complexity.

• Gas Abstraction: Transaction batching and gas sponsorship for smoother UX.

• Loyalty Points: All Galxe Quest loyalty points migrate on-chain to Gravity.

GAL to G Token Migration

Approved under Galxe DAO proposals GP-25 and GP-30, GAL tokens are migrating to G on Gravity.

• Ratio: 1 GAL → 60 G
• Portal: g.xyz/GAL-G-Portal (opened July 9, 2024, active for at least 1 year)
• Wallets: Manual migration for self-custodial wallets like MetaMask.
• CEX: Automatic migration for supported exchanges.
• Staking: Galxe staking platform conversions automated post-July 19, 2024.

G Token Overview

• Token Name: Gravity
• Symbol: G
• Total Supply: 12B G
• Circulating Supply: 10.17B G
• Standard: ERC-20 & Native Token

Use Cases:

• Staking: Secure the network, participate in governance, and earn rewards.
• Governance: Transparent decision-making via G DAO.
• Transactions: Used as gas for all on-chain activity.
• Payments: Used across Galxe apps for payments and rewards.

Ecosystem Incentives

• Galxe Shop: Cashback rewards for online shopping.

• Galxe Earn: Access to partner airdrops and exclusive incentives.

Governance

Gravity operates under G DAO, enabling token holders to vote on upgrades, funding, and ecosystem strategies.

Roadmap

• Alpha Mainnet: Launched June 2024 using Arbitrum Nitro (Ethereum rollup).

• Mainnet: Scheduled for Q2 2025, featuring restaking-based PoS and Reth EVM engine.

About Galxe

Galxe is a decentralized Web3 super app with over 31 million users. Using Gravity’s infrastructure, it powers identity verification, AI-based analytics, rewards, and token distribution across its suite of products.

Ecosystem Overview

Gravity integrates directly with Galxe’s applications including Quest, Compass, Passport, Score, Alva, and Identity Protocol—serving over 20 million users with seamless Web3 interaction.

Key Features

• Omnichain transactions
• Intent-based and gas abstraction system
• High performance and fast finality
• ZKP security and PoS restaking
• EVM compatibility
• Loyalty points and on-chain quests

Official Links

• Website
• Twitter
• Telegram
• Discord

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Spot trading for G/USDT and G/TRY pairs has commenced on July 19, 2024, at 08:00 UTC. Spot Copy Trading users can incorporate these pairs into their portfolios by activating them in the Personal Pair Preference section of the Spot Copy Trading settings.

Binance Expands Gravity (G) Support Across Platforms

Binance is thrilled to announce the integration of Gravity (G) into its Simple Earn, Buy Crypto, and Convert services. Furthermore, G will be available on Binance Margin starting July 19, 2024, at 10:00 UTC, and on Binance Auto-Invest from July 22, 2024, at 10:00 UTC.

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Upbit revealed it would list GAL on KRW trading pairs:

“On July 11, 2024, GAL will be added to the KRW market on Upbit. Listing for GAL is planned on the KRW trading pair on the Ethereum network. Be sure to check the network before depositing digital assets. Deposits and withdrawals via networks other than those specified are not supported.”

Apart from Upbit, news on listings came from South Korean stock market Bithumb. By now, Bithumb, the second-biggest bitcoin exchange in South Korea, has listed PolyMesh (POLYX).

Bithumb said POLYX would be listed on KRW trading pairs. POLYX will be entered on the KRW market on Bithumb on July 11, 2024.

POLYX lists the KRW trading pair on the Polymesh network. Not supported are deposits made via different networks.

GAL and POLYX rates started to climb following the news of the listing. GAL returned some of its gains, even though they increased by up to 30%. Conversely, POLYX climbed by 12%.

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Key Details of the Transition

The transition process will include a comprehensive token swap and redenomination, where existing GAL tokens will be converted to the new Gravity (G) tokens. Binance has outlined a detailed timeline and procedure to ensure a seamless transition for all users holding GAL tokens.

Timeline and Implementation

The token swap process is scheduled to commence on July 10, 2024. Binance will suspend GAL deposits and withdrawals during the swap to ensure the security and accuracy of the conversion process. Users are advised to complete any pending GAL transactions before this date to avoid any potential disruptions.

Following the completion of the token swap, GAL will be redenominated to Gravity (G) at a predetermined ratio. The new Gravity (G) tokens will be distributed to users’ accounts automatically, with no action required on their part. Trading for the new Gravity (G) tokens is expected to resume shortly after the swap is finalized.

Impact on Users

This rebranding and redenomination are part of Galxe’s broader strategy to align its brand identity with its evolving mission and technological advancements. Binance assures users that their assets’ value will remain unaffected by the redenomination, with the total supply adjusted accordingly.

Commitment to a Smooth Transition

Binance is committed to ensuring a smooth and efficient transition for all users. The platform’s robust infrastructure and comprehensive support mechanisms are in place to handle the technical aspects of the token swap and redenomination.

Users seeking further information or assistance are encouraged to visit the official Binance announcement page or contact Binance support.

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Gravity Blockchain and Its Features

Gravity, according to a statement, will simplify cross-chain interactions using zero-knowledge proofs for efficient verification.

The blockchain will enable the abstract underlying complexity of cross-chain transaction settlements as well as multi-chain asset management.

Along with the Jolteon (AptosBFT) consensus algorithm, this proof-of-stake blockchain will be compatible with the Ethereum Virtual Machine (EVM) and run Reth as its execution layer.

To optimize Galxe’s huge user base, Gravity will be included in its current range of products, including Quest, Compass, Passport, and the Galxe Identity Protocol.

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Galxe will deploy Gravity in two primary stages. Designed with the Arbitrum Nitro stack, the alpha mainnet is set to be tested preliminarily in June 2024. A fully operational mainnet is projected to be delivered in the second quarter of 2025.

In 2022, Galxe raised $10 million from Multicoin Capital and Dragonfly Capital.

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The Cronos Spring Odyssey is not only the first campaign post-Galxe integration but also a pioneer in promoting active user participation across the Cronos ecosystem. The campaign has already attracted 30 different projects encompassing areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), memecoins, and gaming. Notable Cronos-based projects like Veno, Orby, Croskulls, CorgiAI, and Bored Candy are participating, offering a wide array of interactions for users.

Starting on April 22, the campaign will run for six weeks, concluding on May 31. Participants are encouraged to complete a variety of pre-defined social and on-chain tasks to win attractive prizes. Including tokens and exclusive NFTs.

A Deep Dive into Campaign Mechanics and Themes

The Cronos Spring Odyssey introduces a structured theme-based approach to its campaign. Every ten days, a new theme will be launched, focusing sequentially on DeFi, NFTs, Memecoins, and Gaming. This structure challenges users to engage in specific tasks like swapping, staking, lending, and borrowing, tailored to each theme’s unique aspects.

Moreover, the campaign is designed to incentivize participation with a dual reward system. By completing themed quests. Users can earn unique NFTs, adding an additional layer of excitement and reward to the user experience. This gamified interaction not only encourages deeper involvement but also showcases the diverse applications and projects within the Cronos ecosystem.

Galxe’s Role in Promoting Web3 Community Growth

Galxe stands at the forefront of web3 community development, boasting over 14 million unique users and partnerships with more than 4,600 blockchain entities. Through its innovative reward-based loyalty programs, Galxe has significantly contributed to the growth and visibility of multiple blockchain platforms. The Cronos Spring Odyssey campaign utilizes this platform’s extensive reach and capabilities to enhance user engagement and educate participants on the rich opportunities available within the Cronos ecosystem.

Conclusion: Enhancing User Engagement through Strategic Integration

The integration of Cronos with Galxe through the Spring Odyssey campaign. Demonstrates the power of strategic partnerships to enhance user interaction and education in the blockchain space. This collaboration serves as a prime example of leveraging relationships to boost user engagement. By launching a well-structured, thematic, and reward-rich campaign, Cronos actively seeks to strengthen its community. Additionally, the campaign aims to showcase the versatility and potential of the Cronos blockchain network. Participants will embark on an enriching journey through the web3 space. As they explore the dynamic world of Cronos and its myriad projects, they will gain both knowledge and rewards.

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It announced the launch of Galxe AI on Tuesday, an interactive assistant that guides users through the complex world of Web3 projects. Additionally, Galxe stated they are in collaboration with Alva.

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Galxe CEO Charles Wayn told Decrypt. He said “We provide infrastructure to brands that want to easily launch growth campaigns. So, users can interact with brands.”

As Wayn pointed out, it aims to provide access to all blockchain developers by establishing an open and collaborative credential data network.

This artificial intelligence aims to make sorting large and complex data sets easier than ever. These AI assistants range from simple explanations of technical issues like “What is a blockchain?” to how to create a smart contract.

With the collaboration between Alva and Galxe, it will enable users to ask the chatbot questions about various projects and NFT collections. Also, this AI project will become active in December.

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The attack that took place on October 6 affected users who verified transactions on the phishing site. The attack lasted a little over five hours, and preliminary estimates until October 10 suggested losses over $396,000.

Following this Galxe, said it would refund its users 110%. Also, it said to its users: “We want to appreciate to those who stood by us during this difficult period.”

The value calculated as of 10:00 UTC on October 9 will be repaid in the form of Tether (USDT) and on the specified date of October 16, the money of the affected users will be automatically refunded to the wallet addresses they received.

After this incident, Galxe’s quick and effective response emerged as a reflection of the importance it places on user security. The company made great efforts to quickly alleviate the grievances of its customers and re-establish their trust.

Such incidents remind us crypto enthusiasts once again of the complexity of the crypto world and the challenges of security. It’s crucial for users to always be vigilant in protecting their personal information and financial data and prefer reliable platforms.

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