Galxe community initiates a proposal vote for changing the token symbol and migrating the token contract
ChainCatcher message, the Galxe community has initiated a proposal vote for changing the token symbol and migrating the token contract, which will end on April 27. The current support rate is 99.59%. The proposal states that the plan includes a series of technical improvements, coordination with strategic members of the ecosystem, and planning to ensure a smooth transition process. Key aspects include modifications to the codebase, adjustments to the branding, and communication strategies targeting different stakeholder groups. To strengthen the brand image and increase community engagement, the original token symbol GAL needs to be changed to G, and the existing GAL token smart contract needs to be upgraded. The GAL tokens will be exchanged for G tokens at a ratio of 1:60.