Binance Announces GAL Token Swap to Gravity (G)
Binance, a prominent cryptocurrency exchange, has disclosed its support for the Galxe (GAL) token swap, redenomination, and rebranding to Gravity (G). As a crypto enthusiast, it is essential to be aware of the key dates and actions associated with this transition to ensure a seamless experience with your GAL tokens.
Key Dates and Actions
Here are some critical dates and actions you need to keep in mind:
- 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.
- July 19, 2024, at 08:00 (UTC): Trading will commence for the new G/USDT and G/TRY pairs.
Deposits and Withdrawals
Ensure you are informed about the following regarding deposits and withdrawals:
- July 15, 2024, at 03:30 (UTC): Deposits and withdrawals of GAL will be suspended.
- Binance will notify users when deposits and withdrawals of the new Gravity (G) tokens will be available.
Spot Trading
Regarding spot trading, take note of the following:
- July 15, 2024, at 03:00 (UTC): All GAL spot trading pairs will be delisted.
- Before the delisting, update or cancel your Trading Bots and Spot Copy Trading portfolios to avoid potential losses.
Futures and Margin Trading
If you are involved in futures and margin trading, pay attention to these actions:
- July 11, 2024, at 09:00 (UTC): Binance Futures will close all positions and conduct an automatic settlement on the GALUSDT USDⓈ-M Perpetual Contracts.
- July 11, 2024, at 12:00 (UTC): Margin trading users should close their positions and transfer assets from Margin Wallet to Spot Wallet to prevent losses.
Loans and Earn Products
For those utilizing loans and earn products, consider the following:
- July 11, 2024, at 03:00 (UTC): Binance Loans will close all outstanding loan positions for GAL.
- July 12, 2024, at 03:00 (UTC): Simple Earn will cease support for GAL products with automatic redemption and resubscription for G Flexible Products.
Stay Informed
For more detailed information and updates, refer to the official announcement on Binance’s website to ensure you are well-prepared for the GAL token swap to Gravity (G).
Hot Take: Get Ready for the GAL Token Swap to Gravity (G)
As a crypto enthusiast, it’s crucial to stay informed about the upcoming GAL token swap, redenomination, and rebranding to Gravity (G) on Binance. By being proactive and taking necessary actions before the key dates, you can ensure a smooth transition without any hitches. Stay updated with the latest developments to make the most of this transition and continue your crypto journey seamlessly.
By
By
By
By
By
By