Gelato coin total circulation and introduction to online exchanges

Traders can benefit from Gelato Network's automation ease, leveraging GEL tokens on exchanges like Binance, KuCoin, and Bybit to execute strategies efficiently amidst price volatility and varying liquidity.

Dec 29, 2024 at 02:25 am

Key Points:

• Gelato Network overview and its role in Web3 automation
• Total circulation of GEL tokens and its distribution
• Leading cryptocurrency exchanges that list GEL tokens
• Advantages and considerations for trading GEL on exchanges
• Frequently Asked Questions (FAQs) about Gelato coin and trading

Gelato Network: Overview and Capabilities

Gelato Network is a decentralized platform that empowers developers to automate tasks and processes within Web3 applications. By leveraging its network of "Gkeepers," Gelato executes automated actions triggered by specific events or conditions. These automations can significantly enhance efficiency, streamline workflows, and provide convenience for users.

Total Circulation of GEL Tokens

The total supply of GEL tokens is capped at 100 million. Currently, approximately 55,957,089 GEL tokens are in circulation. The remaining tokens are allocated for future ecosystem development, incentives, and reserve purposes.

Online Exchanges Listing GEL Tokens

GEL tokens are traded on several reputable cryptocurrency exchanges, including:

• Binance: The world's largest cryptocurrency exchange by trading volume, Binance offers GEL in its Innovation Zone with multiple trading pairs.
• KuCoin: A popular exchange with a focus on altcoins, KuCoin lists GEL with several trading pairs against fiat currencies and stablecoins.
• Bybit: A derivatives-focused exchange, Bybit allows users to trade GEL futures contracts with up to 100x leverage.
• Gate.io: A long-standing exchange known for its wide selection of coins, Gate.io supports GEL trading against USDT and other cryptocurrencies.
• Huobi Global: One of the oldest cryptocurrency exchanges, Huobi Global lists GEL with a USDT trading pair and provides margin trading options.

Advantages and Considerations for Trading GEL

• Automation Ease: GEL facilitates the automation of complex tasks in Web3, allowing traders to streamline their strategies and execute trades more efficiently.
• Price Volatility: Similar to other cryptocurrencies, GEL's price is subject to market fluctuations. Traders should conduct thorough research and employ risk management strategies accordingly.
• Exchange Fees: Trading fees vary between exchanges and can impact profitability. Traders should compare fees and select the exchange that best suits their needs.
• Liquidity: The liquidity of GEL varies depending on the trading pair and exchange. While Binance offers higher liquidity, smaller exchanges may have more limited trading volume.
• Security: Choosing reputable and secure exchanges is crucial to protect user funds from hacks or other cyber threats.

FAQs

Q: What is the purpose of Gelato Network?

A: Gelato Network provides tools for developers to automate tasks in Web3 applications, enhancing efficiency and user convenience.

Q: What is the circulating supply of GEL tokens?

A: The current circulating supply of GEL tokens is approximately 55,957,089 out of a total supply of 100 million.

Q: Where can I trade GEL tokens?

A: GEL tokens are listed on several major cryptocurrency exchanges, including Binance, KuCoin, Bybit, Gate.io, and Huobi Global.

Q: Is it safe to trade GEL tokens?

A: Trading GEL tokens involves the same risks as trading other cryptocurrencies. It is crucial to research and trade responsibly.

Q: How do I automate tasks using Gelato Network?

A: Developers can integrate Gelato's services into their applications using available software development kits (SDKs) and documentation.