During the GALA (v2) launch, the existing GALA (v1) tokens will no longer be supported. However, GALA (v2) tokens will be airdropped to GALA (v1) holders at a 1:1 ratio. Bitvavo will facilitate this swap automatically, requiring no action from users. After May 16th, users can access their GALA (v2) tokens directly in their Bitvavo accounts.
How the GALA (v2) Launch Works
Here’s the step-by-step process for the GALA (v2) transition:
- May 15th, 18:00 CEST: GALA (v1) deposits and withdrawals will be disabled. GALA (v1) tokens will become unsupported and inaccessible.
- May 16th, 12:00 CEST: Bitvavo completes the conversion of all user balances from GALA (v1) to GALA (v2). Withdrawals for GALA (v2) will then be enabled.
Trading and Transfers of GALA (v2)
Bitvavo will support GALA (v2) transfers immediately after the swap. Trading availability for GALA (v2) will depend on market demand. Updates regarding trading pairs will be announced on Bitvavo’s official channels.
👉 Stay updated on GALA (v2) trading status
About Gala Games
Gala Games is a blockchain-based gaming platform focused on the metaverse, empowering players to own and trade in-game assets. The launch of GALA (v2) marks a major upgrade, introducing enhanced security features, improved tokenomics, and scalability for future developments. The platform has seen rapid user growth, making this upgrade a pivotal milestone.
👉 Explore Gala Games’ ecosystem
FAQ
1. Do I need to manually swap my GALA (v1) tokens?
No. Bitvavo will handle the conversion automatically. Your GALA (v2) tokens will appear in your account by May 16th.
2. When will GALA (v2) trading start?
Trading will be enabled based on market interest. Follow Bitvavo’s announcements for updates.
3. What happens to my GALA (v1) tokens after May 15th?
They will no longer be accessible or supported. Ensure any external GALA (v1) tokens are transferred to Bitvavo before the deadline.
4. Are there fees for the airdrop?
Bitvavo does not charge fees for the token swap.