Gravity, built by the Galxe team, now runs two networks. The older one from 2024 is being wound down, and users are told to move everything back to Ethereum before 1 November 2026.
Both use addresses starting 0x and both pay gas in G. Your address is the same on each, but the balances are not, so a complete picture needs both.
If you held GAL before July 2024, there is a conversion in your history that will wreck your numbers if it is mishandled.
What you get out of the box
Pick your import method.
On Gravity
- Open your wallet and copy your address. It starts with 0x.
- Add it for both Gravity networks if you have used both. Same address, separate balances.
On Kryptos
- Go to Kryptos.io and sign up with your Google account.
- From the menu, click Integrations.
- Click Add Integration and search for Gravity.
- Click the Gravity icon, then choose Import using Address.
- Give the wallet a name, paste your address, and click Import Your Transactions.
Good to know
- Assets on the older network should be moved to Ethereum before 1 November 2026.
- GAL became G at sixty G for each GAL in July 2024. That is a renaming with a change of units, not a purchase.
- G also exists on Ethereum, BNB Chain and Base, so the same ticker covers several contracts.
The conversion that multiplies your tokens by sixty
In July 2024, Galxe's GAL token became Gravity's G, and it did so at sixty G for every one GAL. That ratio is the single most dangerous thing in a Gravity user's history.
Nothing was gained or lost. If you held a hundred GAL you held six thousand G afterwards, worth the same amount in total, because each unit is worth a sixtieth as much. It is a change of denomination, like splitting a share, and it is not a disposal.
Your cost has to follow the same arithmetic. If those hundred GAL cost you six hundred pounds, the six thousand G still cost six hundred pounds, which is ten pence each rather than six pounds each.
Two ways to get it wrong, both expensive. Treat it as a sale and a repurchase and you invent a taxable event in 2024 that never happened, at a price nobody paid. Treat the G as arriving from nowhere and it has no cost at all, so when you eventually sell, the entire proceeds look like gain.
Holders on exchanges were converted automatically, so many people were not aware it happened at all until their balances changed. Anyone reconstructing a history that spans July 2024 needs to check how this was recorded. For how conversions of this kind are treated where you file, see the USA crypto tax guide or the UK crypto tax guide.
Two networks with one name, and a deadline
Gravity currently runs two live networks and calls both of them Gravity, which makes for confusing imports.
The older one launched in 2024 as a layer on top of Ethereum. The newer one is a network in its own right and is where things are moving. Both are live right now, both use the same address format, and your address is identical on each. What differs is the balance.
So importing one and assuming you have covered Gravity will leave out whatever is on the other. If your holdings look short, that is the first place to check.
The part with a date attached: users of the older network are told to move all assets back to Ethereum before 1 November 2026. That move is a transfer of your own property rather than a sale, but it involves bridging out and then in again, so one economic movement can leave several records across three chains. Import each side and they pair up rather than reading as a string of unexplained disposals.
Manage your Gravity portfolio with Kryptos.
Getting off the older network before the deadline
Users are told to move everything back to Ethereum before 1 November 2026. That is a transfer, not a sale, but it needs doing.
Handling the GAL conversion
Each GAL became sixty G. Your original cost has to be spread across sixty times as many tokens, not restarted.
Claiming quest rewards
Rewards from campaigns are income at the value on the day they arrived.
Audit-ready, automatically.
Once your wallets and exchanges are connected, generating a tax report takes a single click. Open Reports from the menu, choose your jurisdiction, and download.
The GAL conversion was not a sale
One GAL became sixty G. You held the same value in a different number of units, so nothing was disposed of and your original cost carries across, divided across the new quantity.
Mishandled, it destroys your numbers
Treating the conversion as a sale and a repurchase invents a large gain or loss that never happened. Treating the G as brand new invents a zero cost, so the whole position looks like profit when you sell.
Moving between the networks is a transfer
Leaving the older network means bridging out to Ethereum and then in again. That is up to four records for one movement of your own assets.
Quest rewards are income
Tokens received for completing campaigns are receipts at the value on the day, not zero-cost windfalls to ignore.
Read-only by design.
- Kryptos only ever needs your public wallet address
- A public address is read-only. It can't move or spend anything
- We never ask for your recovery phrase or private key
- Remove a wallet whenever you like, and its data goes with it
If something doesn't sync.
Check both Gravity networks. Your address is the same on each but the balances are separate.
Check how the GAL conversion was recorded. If the G was treated as newly acquired at zero cost, every token looks like pure gain.
Move them back to Ethereum before 1 November 2026. After that the older network is being wound down.
Still stuck? Email support@kryptos.io or open live chat from the app.