GALA To Go Against Coinbase After PEPE Community?

Ashish Kumar
May 11, 2023
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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GALA News: GALA, the core utility token for Gala Games will soon be witnessing a major contract upgrade. As per than details, a new GALA V2 token will be issued 1:1 for all $GALA holders over a majority of the exchanges. However, Coinbase, the U.S. biggest crypto exchange has decided not to support the airdrop.

Also Read: Ripple Exec Bids For EU’s MiCA Amid US SEC Crackdown; Ripple Moving Out?

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GALA Hopeful That Coinbase Will Comply

Jason Brink, President of Blockchain at GALA brought up the Coinbase issue. He stated that after checking and talking with several exchanges it looks like everyone who contacted them or get back to them with queries has committed to supporting the $GALA V2 upgrade. Meanwhile, this list doesn’t hold Coinbase’s name.

He added that $GALA cannot make announcements for the exchanges but still, they are adding their names to the tally. Brink mentioned that Coinbase will not be supporting the upgrade. However, hopeful believes that they change their mind in time.

In order to safeguard $GALA holders, he suggested that for Coinbase users who want to stay within the ecosystem, the Coinbase wallet is a good solution. $GALA Blockchain president added that he will be making an official announcement later in the day. However, it looks like Block #17267620 will be used for the snapshot.

Also Read: Bitcoin Volatility Leads Liquidation To Breach $190 Million Mark

Earlier, Coingape reported that Binance, the world’s largest crypto exchange decided to jump in to support the GALA contract swap. Binance has decide to back the contract swap on the Ethereum (ERC20) network.

This comes in when Coinbase is receiving backlash over its recent comments over the new sensation in the meme coin category, PEPE.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.