What is the issuance quantity of Gelato coins?

Gelato Network Token (GEL) boasts a deflationary asset design with a limited supply of 100,000,000 tokens, ensuring value stability and asset integrity.

Jan 03, 2025 at 06:04 am

Gelato Network Token (GEL)

Key Points:

• Gelato Network is a decentralized network for task automation and job execution on blockchain.
• The GEL token is the native utility token of the Gelato Network, used for staking, governance, and transaction fees.
• GEL has a total issuance quantity of 100,000,000 tokens.
• The current circulating supply of GEL is approximately 15,000,000 tokens.

Issuance Quantity

The total issuance quantity of Gelato coins (GEL) is 100,000,000 tokens. This fixed supply ensures that GEL has a predictable value and upholds its integrity as a deflationary asset. The issuance quantity is divided into two parts:

• Genesis Supply (30%): 30,000,000 GEL, distributed to the team, early investors, and advisors upon the network's launch.
• Econ Mining Supply (70%): The remaining 70,000,000 GEL, allocated for future distribution through incentives, rewards, and community initiatives, including staking, protocol usage, and liquidity provision.

Token Distribution

The distribution of GEL tokens has been designed to align with the long-term growth and sustainability of the Gelato Network:

• Team and Advisors (15%): 15,000,000 GEL allocated to the Gelato team and early advisors, ensuring their commitment and dedication to the project.
• Investors (10%): 10,000,000 GEL allocated to early investors and strategic partners who supported the network's development and adoption.
• Ecosystem Fund (15%): 15,000,000 GEL reserved for ecosystem development, grants, and initiatives that contribute to the growth and usage of the Gelato Network.
• Community Treasury (20%): 20,000,000 GEL set aside for community-led initiatives, allowing the Gelato community to drive the future direction and adoption of the network.

Token Allocation

The allocation of GEL tokens is crucial for ensuring a balanced and sustainable ecosystem. The distribution plan is designed to incentivize participation, reward contributions, and support the long-term growth of the Gelato Network.

Token Unlock Schedule

The unlocking of GEL tokens is subject to a predetermined schedule to ensure a gradual and controlled entry into the market. The genesis supply tokens have a three-year vesting period, while theEcon Mining supply tokens are released gradually through staking rewards and protocol usage incentives.

FAQs:

• What is the purpose of the GEL token? The GEL token is the native utility token of the Gelato Network, used for staking, governance, and transaction fees.
• How do I acquire GEL tokens? GEL tokens can be purchased on cryptocurrency exchanges, earned through staking, or acquired through participation in network activities.
• What is the total supply of GEL tokens? The total supply of GEL tokens is 100,000,000.
• How is the GEL token distributed? The GEL token is distributed through a combination of genesis supply allocation, econ mining rewards, ecosystem funding, and community treasury provisions.
• What is the token unlock schedule for GEL? The genesis supply tokens have a three-year vesting period, while the econ mining supply tokens are released gradually through staking rewards and protocol usage incentives.