Gelotto Newsletter 08DEC2022

Gelotto Newsletter 08DEC2022

Edition #011


5 min read

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Gelotto Events

  • Gelotto Merch Store
    Coming Soon!

    All VIP members will get a big discount on current and future merchandise!

    Image 12-8-22 at 1.27 PM.jpg

  • Minting December 14th on Tori!!
    White list: 14th of dec, 4pm UTC
    Public: 15th of dec 4pm UTC

    "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!
    -Gelotto Shoppe NFT holders will be whitelisted
    Amazing art by Skrilla and Cydia! Mostros PFP.gif

  • Gelotto will be deploying defi games on Sei Network

    click here to read more on Twitter

  • Stake your precious IBC coins with Gelotto!

    Enjoy benefits such as: Re-stake, slash protection, supporting smaller IBC validators to secure and decentralize the network, and earn Gkey!

    Each New Gelotto Validator provides delegators more chances to get free Gkey. Profits from validator commission increases the value of Grand Prize chests!

    Gkey will be needed to participate and to open Grand Prize chest. These chest are intended to be worth a minimum of $55,000 USD or more!
    See List of Validators and Gkey information

Gelotto Shoppe NFT Update

  • 647 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

  • Public Lottery 2.0 creator tool

    Dev notes:
    Will roll out Beta access later this month!

    image dev 011.png

    Progress Notes

    -Gelotto games platform 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 10,000 GLTO per ticket. 20% of wallets will win/split the pot.

    Click here to enter this Sunday's lotto ending December 11th

  • Congrats to last Sunday's Gelotto Lotto Winner! There was 1 winner who received 204,300 GLTO!! 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

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Other News

  • Coinbase is urging investors to get rid of Tether (USDT) and is letting customers swap USDT for USDC for no fee.

  • US Wholesale prices up 0.3% (when 0.2% was expected), despite hopes that inflation is cooling. Most analysts expect another 50 point interest rate increase at Fed meeting next week.

  • Caroline Ellison of Alameda Research allegedly spotted in a Manhattan coffee shop instead of overseas.

Weekly Shout Out

  • Shoutout #011.gif

Delegate With Gelotto Validators

  • All fairdrops (except EVMOS) are automatically sent to your derived Juno address via monthly snapshot.

    -Evmos requires a one time "magic transaction" to link your Juno wallet. After the Evmos "magic transaction" is complete you will automatically get your Gkey fairdrop for EVMOS during the future monthly shapshots.
    -All snapshots are publicly posted on Gelotto Github

  • 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