What is the Gelato coin issuance price and issuance amount?

Despite issuing 100 million GEL tokens in its IDO at $0.25 per token, Gelato Network strategically allocated the remaining 90% to various stakeholders, including a locked team and advisor allocation and an Ecosystem Fund for network development.

Dec 26, 2024 at 04:19 pm

Key Points:

• Gelato Network's Native Token: GEL
• Issuance Price and Amount
• Token Allocation and Distribution
• Token Utility and Use Cases
• Factors Influencing the Value of GEL

Issuance Price and Issuance Amount

• The Gelato Network conducted a public token sale (IDO) on March 24, 2022.
• The issuance price of GEL was $0.25 per token.
• A total of 100 million GEL tokens were issued during the IDO, representing 10% of the total token supply.

Token Allocation and Distribution

• The remaining 90% of GEL tokens are allocated as follows:

  • Team and Advisors: 22.5%
  • Ecosystem Fund: 20%
  • Network Incentives: 17.5%
  • Future Fundraising: 12.5%
  • Liquidity Provision: 10%
  • Strategic Partners and Exchanges: 7.5%
• 50% of the team and advisor allocation is locked for one year, and the remaining 50% is locked for two years.
• The Ecosystem Fund is used to support the development and growth of the Gelato Network ecosystem.

Token Utility and Use Cases

• Transaction Automation: GEL serves as a payment token for automating transactions on the Gelato Network. Users can create and manage automated tasks, such as swaps, liquidations, or arbitrage opportunities.
• Governance: GEL holders can participate in the governance of the Gelato Network by voting on proposals related to protocol upgrades and tokenomics.
• Stakes for G-Bots: Users can stake GEL to activate G-Bots (Gelato-bots). G-Bots are automated agents that execute tasks on the network, providing revenue-generating opportunities for GEL stakers.
• Reward Distribution: GEL tokens are used as rewards for node operators who provide computational resources to the Gelato Network.

Factors Influencing the Value of GEL

• Network Adoption: The value of GEL is influenced by the adoption and usage of the Gelato Network. As more users automate transactions and utilize G-Bots, the demand for GEL increases.
• Tokenomics: The scarcity and distribution of GEL tokens play a role in determining its value. The limited supply and strategic allocation help maintain token value.
• Market Sentiment: The overall cryptocurrency market sentiment and regulatory landscape can impact the value of GEL.

FAQs:

Q: Who is the team behind the Gelato Network?
A: The Gelato Network team consists of experienced developers, cryptographers, and finance professionals. They have a proven track record in blockchain technology and distributed systems.

Q: What is the max supply of GEL tokens?
A: The maximum supply of GEL tokens is 1 billion.

Q: When will GEL tokens be listed on exchanges?
A: GEL tokens were listed on several major cryptocurrency exchanges shortly after the IDO, including Binance, Coinbase, and FTX.