Total circulation of Gelato coins

Gelato Network's dynamic token supply with a circulating supply of 250 million supports long-term platform growth, fueled by governance, staking, service fees, and premium feature access, aligning incentives for network participants.

Dec 29, 2024 at 10:26 am

Key Points:

• Gelato Network's token supply and economics
• Utility and demand drivers for GELO tokens
• Snapshot of market capitalization, token distribution, and investor composition
• Gelato token's historical price performance and key catalysts
• Outlook for GELO's supply and tokenomics

Total Circulation of Gelato Coins

The total circulation of Gelato (GELO) coins is a dynamic figure that represents the number of tokens currently in circulation. As of September 2023, the total circulating supply of GELO is 250 million tokens.

Token Supply and Economics

Gelato Network's token supply is designed to support the long-term growth and development of the platform. The total supply of GELO coins is fixed at 1 billion tokens, with the circulating supply increasing gradually through token issuance for incentivizing liquidity providers, staking rewards, and platform usage fees.

Utility and Demand Drivers for GELO Tokens

GELO tokens serve several critical functions within the Gelato Network ecosystem:

• Governance: GELO holders can participate in the governance of the Gelato Network by voting on protocol updates, feature requests, and resource allocation decisions.
• Staking: GELO tokens can be staked to generate rewards and participate in the security and operation of the network. Stakers receive a portion of the network's transaction fees and are eligible for additional rewards and benefits.
• Service Fees: GELO tokens are used to pay for automation services on the Gelato Network. Users can delegate tasks to automated smart contracts known as "keepers." Keepers receive payment in GELO for completing these tasks, incentivizing reliable and efficient service provision.
• Access to Premium Features: Holding GELO tokens provides access to premium features and services on the Gelato Network. These features may include advanced automation tools, priority access to new products, and exclusive community benefits.

Market Capitalization, Token Distribution, and Investor Composition

The market capitalization of GELO is calculated by multiplying the current circulating supply by the token's market price. As of September 2023, GELO has a market capitalization of approximately $500 million.

The GELO token distribution is designed to ensure a diverse and engaged investor base. The initial distribution included:

• Seed Round: 20%
• Private Round: 30%
• Public Sale: 25%
• Ecosystem and Community: 15%
• Team and Advisors: 10%

Investors in the Gelato Network include venture capital firms, strategic partners, and individual cryptocurrency enthusiasts, providing a solid foundation of support for the platform's development.

Historical Price Performance and Key Catalysts

The price of GELO has exhibited significant volatility since its launch,influenced by factors such as:

• Market Conditions: Overall cryptocurrency market trends have a significant impact on the price of GELO, as they do with other cryptocurrencies.
• Platform Usage: The adoption and usage of the Gelato Network, evidenced by the number of tasks automated and the volume of service fees generated, positively influences the token's price.
• Developer Activity: Regular updates, new feature releases, and ecosystem collaborations demonstrate Gelato Network's ongoing development and attract investor interest.
• Governance Proposals: Community-led governance proposals that enhance the platform's utility or governance mechanisms can boost the token's price and attract new investors.

Outlook for GELO's Supply and Tokenomics

The future supply and tokenomics of GELO will be shaped by the growth and development of the Gelato Network. The team has stated that they may adjust token issuance to meet the platform's evolving needs, such as supporting new features or incentivizing long-term participation in the ecosystem.

FAQs

• What is the maximum supply of GELO tokens?

  • The maximum supply of GELO tokens is 1 billion.

• How can I earn GELO tokens?

  • GELO tokens can be earned by staking tokens or providing automation services as a keeper on the Gelato Network.

• Is GELO a good investment?

  • The investment potential of GELO depends on factors such as market conditions, platform adoption, and the team's execution. Investors should conduct their own research and consult with financial professionals before making investment decisions.