OKX Successfully Supports GAL Token Migration

/EIN News/ -- NASSAU, The Bahamas, July 22, 2024 (GLOBE NEWSWIRE) -- OKX, a leading global crypto exchange and Web3 technology company, has issued updates for July 22, 2024.

OKX Successfully Supports GAL Token Migration

OKX is pleased to announce the successful completion of the GAL token migration to G tokens. This migration was carried out at a 1:60 ratio, following the official plan by Galxe, and marks a significant step in enhancing the utility and scalability of the GAL ecosystem.

Key Details of the Migration:

1. Suspension of Trading and Transfers: All pending orders for GAL tokens were canceled and the GAL spot trading pairs (GAL/USDT, GAL/EUR) were suspended at 8:00 am UTC on July 19, 2024. GAL transfers, deposits and withdrawals were suspended at 10:00 am UTC on the same day.
2. Account Snapshot: An account snapshot was taken at 10:00 am UTC on July 19, 2024, to record the existing GAL token holdings in both OKX funding and trading accounts.
3. Token Migration: The GAL token migration to G tokens took place at 10:00 am UTC on July 22, 2024.

Users can now access their new G tokens, which have been distributed to their respective main accounts. The new G token deposits, withdrawals and spot trading functionalities are now enabled, providing users with enhanced trading options and improved liquidity.

To learn more, visit OKX's Support Center.

For further information, please contact:

Media@okx.com

About OKX

OKX is a leading global crypto exchange and innovative Web3 company. Trusted by more than 50 million global users, OKX offers a secure and trustworthy platform that provides responsible crypto traders with innovative tools to access the world of crypto.

As a global brand and top partner of Manchester City FC and McLaren Racing, OKX uses Web3 technology to redefine how fans connect with their favorite teams. Recent examples include its Unseen City Shirts and Race Rewind digital collectible campaigns, which offer fans real-world benefits like exclusive match-day and trackside experiences. As the Presenting Partner of Tribeca Festival, OKX also empowers artists and creators through Web3.

In line with its "on-chain, any chain" philosophy, OKX contributes to the growth of the Web3 ecosystem via its secure, interoperable and self-custody enabled OKX Wallet. OKX Wallet is a user-friendly gateway to the on-chain world, connecting to over 100 blockchains, 10,000 dApps, 170+ DeFi protocols, 300,000 tokens and 490+ decentralized exchanges (DEXs).

OKX is committed to transparency and security, and publishes its Proof of Reserves monthly to build trust. It is also dedicated to expanding its educational resources through OKX Learn, making digital assets accessible and understandable for a broader audience.

To learn more about OKX, download our app or visit: okx.com

Disclaimer

This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, hold or offer any services relating to digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless.