Gelotto Newsletter 01DEC2022

Gelotto Newsletter 01DEC2022

Edition #010


5 min read

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Gelotto Events

  • Minting December 14th on TORI!!

    "Mostro del Gelotto" or Gelotto Monster

    This collection will be fun but will still have use cases and rewards.
    -Custom avatars in Gelotto's v2 gaming platform.
    -Chance of winning 0.2 GKEY (5 Lucky NFTS will be marked with a $GKEY logo, if minted the minter wins 0.2 $GKEY).
    -All NFTS minted will have a Small boost on the gaming platform when using $Tori as the in game asset.
    -More benefits and alpha to be announced later!
    Amazing art by Skrilla and Cydia! Mostros #010.gif

  • New Gelotto NFTs Collections coming soon

    420 Gelotto Shoppe Collection:

    This collection will entitle the holders to 1% of the House Rake, similar to the 1000 collection but the 1% is only split 420 ways. Awesome art made by Goodies vs Baddies!

  • Gelotto to become an IBC Validator hub

    Gelotto continues to add new validators, not only to generate income for prize pools and the Grand Prize game one year from the platform launch date, but to support IBC networks and decentralization

Gelotto Shoppe NFT Update

  • 646 out of 1000 minted

  • Floor price is around 1,800 STARS

  • This Gelotto Shoppe NFT series will entitle the holder to a portion of the House Rake for all games across the Gelotto Platform. As Gelotto grows, so does the value of these NFTs.

  • NFT rewards will be available to claim (Q4/Q1)

Dev Update

Raw wireframe video of lottery 2.0 creator tool, with out styling

Dev notes:
Will add a "Add Round" button to the bottom. The bar along the left of each round's box is a "drag handle" for repositioning it by dragging. Just added first widget: the token selector. Will add "custom token" option where you can enter the address of a CW20

  • Progress Notes

    -Gelotto games platform now has a responsive layout and can be used on mobile or desktop!
    -site-wide navigation and responsive layout in the works
    - lottery 2.0 smart contract complete
    - public tool that will let anyone create lotteries in progress
    - New game under development code named "control grid"

  • Lottery v2 will have the following updates

    - Tournament-style lotteries with multiple rounds, pots that spill over into the next round, distinct ticket price and other parameters.
    - Ability to add external incentives, like NFT's and other tokens
    - Ability to specify custom royalty recipients to share a % of ticket proceeds
    - Ability to cancel games and refund orders
    - Storage of theme data in the contract to make it possible to create a better game listing page
    - Ability for a game to end upon reaching a target funding level or number of tickets sold
    - Games that auto reset or loop with repeating rounds
    - Ability for games to autocomplete upon reaching one or more targets, including target ticket count, target, wallet count, and target date
    - Optionally public lucky messages to be displayed on the game page

    ETA for Gelotto Version 2 Platform: December 2022

    Shortly after v.2 rolls out, testing is planned for allowing regular investors to spend Glto to start a lottery game with custom parameters.

  • More analytics about our Validators and Game Stats to be shared on our main website in the coming months

  • Gelotto devs continue to build during the bear market!


  • There will be a weekly Gelotto Lottery on the games page. This weeks lottery will run from Sunday to Sunday and costs 1000 GLTO per ticket. Winner takes all!

    Click here to enter this Sunday's lotto ending November 27th

  • Congrats to last Sunday's Gelotto Lotto Winners! There were 8 total winners who received 25,875 GLTO each. Total Pot Prize was 230,000 GLTO

  • There are several lottery games lasting from hours to days. Test your luck and see how much you can win here

  • Weekly schedule for Gelotto Poker

    Three weekly VIP games and two weekend buy in games. Please give feedback about this format in Discord.

    Read More Here

weekly vip poker.gif

weekend flyer 2.png

Other News

  • PCI lower than expected and GDP higher than expected may lead to eventual Fed interest rate pivot.

  • China easing strict covid restrictions may help global supply chain issues going forward.

  • Despite crypto market prices being down, number of wallets holding 1 BTC or more continues to increase sharply.

Weekly Shout Out

Delegate With Gelotto Validators

  • Minimum staking values for monthly Gkey Airdrop

    10k $GLTO in either Osmosis or Juno to earn monthly GKEY fairdrops.
    35 ATOM
    50 JUNO
    1,000 STARS
    69 EVMOS
    100 OSMO
    100 KUJI
    250 TORI
    50 JKL
    500,000 Chihuahua
    600 Rebus
    400 Stride
    All of the above chains have a Gelotto Validator and a separate Gkey drop. Stake the minimum amount to Gelotto's Validator to receive Gkey in your Juno wallet.

Validator Votes