What is the distribution model of Gelato coins?

Gelato Network's balanced token distribution model fosters stakeholder alignment, giving team, advisors, and the Gelato DAO voting power to shape the project's direction and ensure its long-term growth.

Dec 26, 2024 at 07:33 am

Key Points:

• Gelato Network's token distribution model aims to align incentives among stakeholders and support the project's long-term growth.
• The distribution plan includes allocations for various roles, such as team, advisors, investors, and the Gelato DAO.
• Token holders have voting rights and influence over key decisions through the decentralized autonomous organization (DAO).

Token Distribution Model

1. Team Allocation:

   • 25% of the total supply is allocated to the founding team and early contributors.
   • This allocation recognizes the team's efforts in developing the Gelato Network infrastructure and supports their continued involvement in the project's success.

2. Advisors and Investors:

   • 15% of the supply is reserved for advisors and investors who provided strategic guidance and financial support during the project's early stages.
   • This allocation incentivizes these stakeholders to remain engaged with the Gelato Network and support its growth.

3. Gelato DAO:

   • 40% of the tokens are allocated to the Gelato DAO, a decentralized autonomous organization governed by the token holders.
   • The DAO allows token holders to propose and vote on key decisions, such as protocol updates, treasury management, and partnerships.

4. Public Sale:

   • 20% of the supply is distributed through a public sale to retail and institutional investors.
   • The public sale provides an opportunity for early adopters to acquire Gelato tokens and contribute to the ecosystem's growth.

Token Utility and Governance

• Gelato Network's token, GEL, has several utilities, including:

  • Transaction Fees: GEL is used to pay transaction fees for automation services on the Gelato Network.
  • Staking: Holders can stake GEL to earn rewards and participate in network governance.
  • Proposal and Voting: GEL holders have voting rights within the Gelato DAO, allowing them to influence the project's direction.

FAQs:

Q: What is the total supply of Gelato tokens?
A: The total supply of GEL is 100 million (100,000,000).

Q: When was the Gelato token distribution announced?
A: The Gelato Network's token distribution was announced in October 2021, alongside the launch of the mainnet.

Q: How can I acquire Gelato tokens?
A: GEL tokens can be purchased through the public sale or on secondary exchanges like Uniswap and PancakeSwap.