Proposal from Gelato to Allocate 20% of GEL Supply to Future Financing Rounds

On April 7th, a recent proposal from Gelato proposed to allocate approximately 20% of the total GEL supply or approximately 43% of current Gelato DAO funds to future financing rounds to accelerate Gelato’s growth and achieve its roadmap 2.0. The funds will not be distributed or sold to investors at once, but will be sold in batches based on market conditions and GEL prices.

Gelato: Propose to allocate 20% of GEL’s total supply or 43% of DAO funds for future financing rounds

Introduction

On April 7th, Gelato announced a proposal to allocate 20% of the total GEL supply or 43% of current Gelato DAO funds to future financing rounds. The proposal aims to accelerate Gelato’s growth and achieve its roadmap 2.0.

What is Gelato DAO?

Gelato is a decentralized network of automated smart contracts designed to provide users with customizable, on-demand automation for Ethereum.
Gelato DAO is the organization responsible for managing Gelato’s protocol, and it is governed by GEL token holders who can vote on proposals that impact the network.

Details of the Proposal

The proposal suggests allocating 20% of the total GEL supply for future financing rounds. This amounts to approximately 43% of current Gelato DAO funds.
The funds will not be distributed or sold to investors at once but will be sold in batches based on market conditions and GEL prices. This approach ensures that Gelato will have access to sufficient funds to fuel its growth without creating a significant impact on the market or diluting the value of GEL tokens.

The Rationale Behind the Proposal

The proposal comes at a crucial time for Gelato, as the network prepares to launch its roadmap 2.0. The roadmap outlines the network’s plan to expand its services by offering a more comprehensive suite of automation tools to its users.
To achieve this, Gelato needs to attract top talent, invest in research and development, and build valuable partnerships with other industry players. This requires significant investments that the proposal aims to address.

Impact of the Proposal

The proposal promises to give Gelato the necessary funds to achieve its roadmap objectives and maintain its position as a leading provider of decentralized automation services.
As a result, the proposal is expected to have a positive impact on the overall value of GEL tokens, as the future prospects of the network improve.

Conclusion

Gelato’s proposal to allocate 20% of the total GEL supply or approximately 43% of current Gelato DAO funds to future financing rounds is a significant step towards achieving the network’s roadmap objectives. It offers a practical solution to the network’s funding needs, while also preserving the value of GEL tokens.

FAQs

1. How will the funds be distributed to investors?

The funds will not be distributed or sold to investors all at once, but will be sold in batches, based on market conditions and GEL prices.

2. What impact will the proposal have on the overall value of GEL tokens?

The proposal is expected to have a positive impact on the overall value of GEL tokens, as the future prospects of the network improve.

3. What is the goal of Gelato’s roadmap 2.0?

Gelato’s roadmap 2.0 outlines the network’s plan to expand its services by offering a more comprehensive suite of automation tools to its users.