Gelotto Newsletter 09NOV2022

Gelotto Newsletter 09NOV2022

Edition #007


3 min read

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Gelotto Events

  • 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

Gelotto Shoppe NFT Update

  • 646 out of 1000 minted

  • Floor price is around 2,000 STARS

  • Why own a Gelotto Shoppe NFT? Gelotto NFTs #006.png Click image to view article

  • NFT rewards will be available to claim (Q4/Q1)
    As soon as the STARS team enables IBC for NFTs, we will push out an updated timeline. We need stargaze to enable IBC so that people can transfer their NFTs to Juno chain to make it easier to claim the rewards.

  • Gelotto VIP Club

    vip #006.png


  • There will be a weekly Gelotto Lottery on the games page. This weeks lottery will run from Sunday to Sunday and costs 1250 GLTO per ticket. There will be two winners splitting the pot 60/40.

    Click here to enter this Sunday's lotto ending November 13th

  • Congrats to last Sunday's Gelotto Lotto Winner who received 85,320 GLTO, Second place received 35,550 GLTO and 3rd place got 21,330 GLTO. Total Pot Prize was 158,000 GLTO (~$300.00)!

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

  • 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
    - Optionally public lucky messages to be displayed on the game page

Other News

  • FTX exchange discovered to be insolvent. Potentially criminal. Crypto market loses over 300b mCAP as FTX liquidity is unwound. BTC <16k for first time since November 2020. Potentially more downside to come as situation continues to unfold.

    Read More About FTT debacle on Twitter

  • US Midterm elections also causing market uncertainty

  • PowerBall Jackpot had 1 winning ticket over 1 Billion USD

Weekly Shout Out

Delegate With Gelotto Validators

  • Stake with Gelotto #007.png

Validator Votes