Deep Dive
1. Purpose & Unified Value Proposition
G (Gravity) was created to unify two interconnected ecosystems under a single token. It resulted from a community-approved migration from the former Galxe (GAL) token at a 1:60 ratio in July 2024 (Galxe). This design eliminates friction for users who interact with both the underlying blockchain (Gravity) and the applications built on it (Galxe). G acts as the economic and governance layer that ties high-performance infrastructure to a large-scale web3 distribution platform.
2. Tokenomics & Core Utilities
The token has an initial total supply of 12 billion G. Its utility spans four primary functions essential to both ecosystems:
- Staking: Users can stake G to help secure the Gravity network, participate in governance, and earn rewards.
- Governance: G holders govern the G DAO, making key decisions about the protocol's future.
- Transacting: G is the native gas token required to pay for all transactions and smart contract executions on the Gravity chain.
- Payments: Across the Galxe ecosystem—including products like Galxe Quest, Passport, and Shop—G is used to pay for services and fees.
3. Technology & Architectural Context
G is the native token of the Gravity blockchain, an EVM-compatible Layer 1 focused on extreme performance. The chain leverages innovations like Gravity Reth, a performance-optimized execution client, to achieve benchmarks of over 41,000 transactions per second and block times of roughly 200 milliseconds (Gravity). This technical foundation is designed to support the scalable, user-friendly applications within the Galxe ecosystem.
Conclusion
Fundamentally, G is the connective economic tissue between a scalable blockchain and a major web3 application suite, designed to streamline user experience and governance across both. How effectively will its unified model drive adoption between the infrastructure and application layers?