According to Mars Finance, the Snapshot page shows that the Galxe community's proposal to change the token symbol and migrate the contract will end on April 27. The proposal aims to improve GAL's brand image and market awareness, eliminate confusion caused by the token symbol, and enhance community participation. If the proposal is passed, the Galxe team will work with community members to develop a detailed plan, including a timetable, technical roadmap, and token economics adjustments.
In order to strengthen the brand image and increase community participation, it is necessary to change the original token symbol GAL to G and upgrade the existing GAL token smart contract. GAL tokens will be exchanged for G tokens at a ratio of 1:60. This means that every 1 GAL token will grant the holder 60 G tokens. The total supply of G tokens will be changed to 12,000,000,000, which is 60 times the current total supply of GAL tokens (200,000,000).
