Gelato GEL Price

What is Gelato (GEL)?

Gelato Network, launched in [Launch Year], stands at the forefront of decentralized automation in the world of Web3. As a trailblazer in the Ethereum ecosystem, it extends its reach across multiple blockchains, including Polygon, Fantom, Binance Smart Chain, Avalanche, and Arbitrum. Gelato's core functionality lies in its ability to automate smart contract executions, a vital aspect for developers in the blockchain space. It offers a non-custodial marketplace where developers can engage Executors who run bots, thus streamlining smart contract automation without the need for creating individual bot systems. This not only enhances efficiency but also allows developers to concentrate solely on their core product development.

The backbone of the Gelato Network is its native ERC-20 token, GEL. This token serves as a vital cog in aligning incentives among protocol participants, playing a crucial role in governance. GEL token holders are empowered to vote on proposals within the Gelato DAO, thereby actively shaping the network's future. The tokenomics of Gelato Network are thoughtfully designed, with a limited supply of GEL tokens to encourage scarcity and value appreciation. Additionally, the network incentivizes participation and engagement by allowing token staking for passive income, contributing to the network’s security and stability.

Gelato's ambition extends beyond mere blockchain automation; it aims to be the unifying force connecting various blockchain platforms, Layer 2 networks, and potentially the traditional financial world. Its versatility is highlighted in a range of features like limit orders on PancakeSwap, updating debt ceilings on MakerDAO, and even automating the breeding of digital racehorse NFTs on ZED RUN. By automating and mediating smart contract executions across EVM-compatible blockchains, Gelato Network not only drives efficiency but also opens a myriad of possibilities for innovation and seamless operation in the decentralized world.

What is unique about Gelato (GEL)?

Gelato Network uniquely automates smart contract executions across multiple blockchains, streamlining Web3 development with a decentralized bot network.

Who are the founders of Gelato (GEL)?

Gelato Network was founded by Hilmar Maximilian Orth and Luis Schliesske​​.

Who are the backers/investors of Gelato (GEL)?

Investors in Gelato Network include Dragonfly Capital, ParaFi Capital, Nascent, IDEO CoLab Ventures, and Stani Kulechov of Aave​​.

Where can I buy Gelato (GEL)?

You can buy Gelato (GEL) on MEXC, Gate.io, Crypto.com, CoinExUniswap V3 (Ethereum) cryptocurrency exchanges.