Gravity
Gravity
G
Gravity Timeline
Gravity Token allocation
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- Dec,2024Galxe's Layer 1 blockchain project, Gravity, releases an updated roadmap. The roadmap outlines plans to initiate Devnet Phase 1 and the Longevity Testnet, with a gradual transition from the Alpha Mainnet to the official Mainnet. The project introduces several developer tools to enhance cross-chain interoperability and performance.
- Jul 18,2024Major cryptocurrency exchanges, including Binance, complete the token swap and rebranding process, listing the new G tokens and enabling deposits and withdrawals. Trading pairs such as G/USDT and G/TRY become available to users.
- Jul 8,2024The migration portal for converting GAL tokens to G tokens opens, allowing users to exchange their tokens at a ratio of 1 GAL to 60 G. The portal is set to remain active for at least one year to facilitate a smooth transition.
- Jul 3,2024Galxe reveals plans to migrate from its existing GAL token to the new Gravity (G) token. This strategic move is intended to create a more decentralized, secure, and scalable ecosystem.
- May,2024Galxe announces the upcoming launch of "Gravity," a Layer 1 blockchain designed for cross-chain experiences and abstraction. The initiative aims to integrate Galxe's core products into the Gravity chain, providing scalable Web3 solutions for its 20 million users.
Gravity Info
- Dec,2024Galxe's Layer 1 blockchain project, Gravity, releases an updated roadmap. The roadmap outlines plans to initiate Devnet Phase 1 and the Longevity Testnet, with a gradual transition from the Alpha Mainnet to the official Mainnet. The project introduces several developer tools to enhance cross-chain interoperability and performance.
- Jul 18,2024Major cryptocurrency exchanges, including Binance, complete the token swap and rebranding process, listing the new G tokens and enabling deposits and withdrawals. Trading pairs such as G/USDT and G/TRY become available to users.
- Jul 8,2024The migration portal for converting GAL tokens to G tokens opens, allowing users to exchange their tokens at a ratio of 1 GAL to 60 G. The portal is set to remain active for at least one year to facilitate a smooth transition.
- Jul 3,2024Galxe reveals plans to migrate from its existing GAL token to the new Gravity (G) token. This strategic move is intended to create a more decentralized, secure, and scalable ecosystem.
- May,2024Galxe announces the upcoming launch of "Gravity," a Layer 1 blockchain designed for cross-chain experiences and abstraction. The initiative aims to integrate Galxe's core products into the Gravity chain, providing scalable Web3 solutions for its 20 million users.
Gravity Intro
Gravity is a new Layer-1 blockchain project launched by Galxe, aimed at facilitating mass Web3 adoption and enabling an omni-chain future. The project's Alpha Mainnet, powered by Arbitrum Nitro and rolled up on Ethereum, is scheduled for launch in Q2 2024, with the full Gravity mainnet featuring its native PoS Layer-1 and Reth EVM execution engine set to debut in Q2 2025.
Gravity's design focuses on providing cost-efficient and secure cross-chain transactions through Zero-Knowledge Proof (ZKP) verification, significantly reducing blockchain operational overhead. It introduces cryptographic primitives like the secp256r1 curve for cost-effective passkey authentication, enhancing security and usability for Account Abstraction wallets. Additionally, Gravity leverages the high-throughput Reth execution layer combined with the Jolteon consensus algorithm to achieve near-instant transaction finality.
As part of the Galxe ecosystem, Gravity supports key products such as Web3 identity verification and task systems. It is anticipated to handle up to 60 million transactions per month and will allow developers to tap into Galxe’s existing user base of 20 million. The blockchain also utilizes staking and restaking protocols, including Babylon and EigenLayer, to ensure robust security. Gravity's innovative approach aims to streamline cross-chain operations and improve the overall user experience in the Web3 space.
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Q&A about Gravity Tokenomics
What is G Token?
G is the native token on Gravity and the utility token for both Gravity and the Galxe ecosystem. G powers transactions as the gas token and will soon secure the network through staking. As the primary utility token across both ecosystems, G drives governance decisions, incentivizes growth, and facilitates payments.
G Utilities
Beyond migrating the existing utilities from GAL, G will expand its range of applications to serve all users within our ecosystems. Here are the key functionalities of G:
- Staking: Stake G to actively participate in governance, secure the network, and contribute to the long-term sustainability of both the Gravity and Galxe ecosystems. Additionally, G stakers gain convenient access to exclusive rewards from applications built by Galxe.
- Governance: G DAO is governed by G holders. Acting as a transparent, secure, and decentralized framework, G DAO fosters unity and progress among its members.
- Transacting: As the native gas token of Gravity Chain, G is used for executing and paying for all onchain transactions.
- Payments: As the utility token in the Galxe ecosystem, G is used to pay fees for applications built by Galxe, including Galxe Quest, Galxe Passport, Galxe Score, Alva, and more.
G can also be used on Galxe Shop, Galxe Earn, and other Galxe products and features.
G Token Specifications
G token will be available as the native token on Gravity Alpha Mainnet and as an ERC20 token on Ethereum, BNB Chain, and Base. The details for G token are outlined below.
As the Native Token
- G is the native token of Gravity Alpha Mainnet
As ERC-20 Token
- Token Name: Gravity
- Token Symbol: G
- Initial Total Supply: 12,000,000,000 G
- Decimal: 18
- ERC-20 Contract Address: 0x9C7BEBa8F6eF6643aBd725e45a4E8387eF260649
- Currently Available Networks:
- Ethereum: Initial supply: 10,000,000,000 G
- BNB Chain: Initial supply: 2,000,000,000 G
- Base: Initial supply: 0 G (Note: G tokens will be bridged from other networks to the Base network)
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Gravity is a new Layer-1 blockchain project launched by Galxe, aimed at facilitating mass Web3 adoption and enabling an omni-chain future. The project's Alpha Mainnet, powered by Arbitrum Nitro and rolled up on Ethereum, is scheduled for launch in Q2 2024, with the full Gravity mainnet featuring its native PoS Layer-1 and Reth EVM execution engine set to debut in Q2 2025.
Gravity's design focuses on providing cost-efficient and secure cross-chain transactions through Zero-Knowledge Proof (ZKP) verification, significantly reducing blockchain operational overhead. It introduces cryptographic primitives like the secp256r1 curve for cost-effective passkey authentication, enhancing security and usability for Account Abstraction wallets. Additionally, Gravity leverages the high-throughput Reth execution layer combined with the Jolteon consensus algorithm to achieve near-instant transaction finality.
As part of the Galxe ecosystem, Gravity supports key products such as Web3 identity verification and task systems. It is anticipated to handle up to 60 million transactions per month and will allow developers to tap into Galxe’s existing user base of 20 million. The blockchain also utilizes staking and restaking protocols, including Babylon and EigenLayer, to ensure robust security. Gravity's innovative approach aims to streamline cross-chain operations and improve the overall user experience in the Web3 space.