When will Gelato coins be released?

Gelato Network, a decentralized automation protocol, uses its native GEL token for transaction fees, governance, and staking rewards within its ecosystem.

Dec 30, 2024 at 09:16 am

Key Points:

• Gelato Network Overview
• Gelato Coin Tokenomics
• Gelato Coin Release Schedule
• Frequently Asked Questions

Gelato Network Overview:

Gelato Network is a decentralized network that provides a seamless automation protocol for blockchain applications. By leveraging its Automation API and smart contract infrastructure, Gelato empowers developers to automate repetitive tasks, ensuring reliable and timely execution of smart contract functionality.

Gelato Coin Tokenomics:

GEL is the native cryptocurrency of the Gelato Network. It serves multiple purposes within the ecosystem:

• Transaction Fees: GEL is used to pay for the execution of Gelato tasks.
• Governance: GEL holders participate in the network's governance by voting on protocol updates and decisions.
• Staking: GEL can be staked to earn rewards and contribute to the network's security.

Gelato Coin Release Schedule:

• Total Supply: 100 million GEL
• Initial Coin Offering (ICO): Held in 2019, raising approximately $2 million
• Private Sale: Preceded the ICO, raising an undisclosed amount of funds
• Public Sale: A follow-on sale to the private sale, offering GEL to the public at a designated price

The remaining GEL tokens will be released gradually over time to support the network's growth and development. The specific release schedule and distribution mechanisms have not been fully disclosed but typically involve the following:

• Team Allocation: A portion of tokens is reserved for the Gelato team to support long-term development and operations.
• Ecosystem Development: Tokens are allocated to fund initiatives that foster ecosystem growth, such as developer grants and partnerships.
• Community Incentives: GEL tokens may be distributed through incentives programs to attract and reward community members for their contributions.

Frequently Asked Questions:

When will Gelato coins be released?

Although Gelato coins have already been released through the ICO, private sale, and public sale, the remaining tokens will be released gradually over time. The specific schedule and distribution mechanisms have not been fully disclosed.

How can I buy Gelato coins?

GEL is currently available for purchase on several cryptocurrency exchanges, including Uniswap, KuCoin, and Binance.

What is the purpose of Gelato coins?

GEL is a utility token used for various purposes within the Gelato Network, including transaction fees, governance participation, and staking.

Is Gelato coin a good investment?

The potential value and return on investment of Gelato coins can fluctuate based on market conditions, network adoption, and ecosystem growth. Investors should conduct thorough research and consider their individual risk tolerance before making any investment decisions.