What is the distribution model of Gelato coins?

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.