# Gelotto Newsletter 26OCT2022




<p>

<h2>Shortcut to Sections</h2>

 
- [Gelotto Events](#heading-gelotto-events) 

- [Gelotto Shoppe NFT Updates](#heading-gelotto-shoppe-nft-update)

- [Games](#heading-games)

- [Weekly Shout Out](#heading-weekly-shout-out)

- [Other News](#heading-other-news)

- [Delegate With Gelotto](#heading-delegate-with-gelotto)

- [Validator Votes](#heading-validator-votes)


</div>
</p>
<hr>


## Gelotto Events


- > <h3> **--Sneak Peek-- <br>Early alpha build of 420 NFT**
![21.gif](https://cdn.hashnode.com/res/hashnode/image/upload/v1666740489543/zEIOEVkni.gif align="left")
</h3>

- > <h3>**[Gelotto's Tori validator](https://explorer.teritori.com/teritori/staking/torivaloper1j7fgj7v9nqjg6wfda9paldcxezd8yv4qe9fgph) is live and in the active set!**</h3><h4> **Stake with [Gelotto Validator on REStake](https://restake.app/teritori/torivaloper1j7fgj7v9nqjg6wfda9paldcxezd8yv4qe9fgph) to get auto compounding at over 19,000% APY**</h4><br>[**Early Tori stakers**](https://twitter.com/Gelotto2/status/1584625222925549568?s=20&t=QU9KMPgwI7VBE4T8v1n66g) will get their Gkey reward end of October

- > <h3>[**GKEY and NFT Winners**](https://twitter.com/Gelotto2/status/1580560145909940224?s=20&t=i-PpS0PcAXY0U5Yr8r-sAA)</h3> <hr> <h4>1 GKEY token has been split among 10 wallets staking 100 or more KUJI on our Gelotto validator. 1 lucky winner received a beautiful Gelotto Shoppe NFT.</h4><center>
![Fe9E_BZXEAAqQtl.jpeg](https://cdn.hashnode.com/res/hashnode/image/upload/v1666755016158/d_ZEeBNty.jpeg align="left")


-  <h2><center>**Gelotto VIP Club**


[![vip #005.gif](https://cdn.hashnode.com/res/hashnode/image/upload/v1666796337178/uqYerL6TN.gif align="left")](https://www.canva.com/design/DAFPgf13gYc/view)</center>
</h2> 



- > <h3>**2 months worth of GKEY has been sent to people who qualify**</h3> <hr>We also sent an extra 100 GLTO to every qualifying holder (in addition to their GKEY) due to the inconvenience.[**Snapshot 2/12 for 10K GLTO holders**](https://github.com/Gelotto/airdrop-snapshot-info/tree/main/GKEY/10K-Hold/2)




<hr>

## Gelotto Shoppe NFT Update

%[https://www.canva.com/design/DAFQF6ACKlI/view]

- > **639 out of 1000 minted**
- > **Floor price is around 2400 STARS**
- > **There are still One Piece 1:1 NFTs available to [Mint](https://www.stargaze.zone/launchpad/stars1kxs6kxjzgqr0685qs7wwr8patgz9936suc904g5nyrr5vw8s907quh5j57)**
- > [**NFT rewards will be available to claim (Q4/Q1)**](https://gelotto.io/nft/shoppe) <br> 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.


## Games


- > **Its becoming more than just a poker tournament ! The OGs have sealed their place in Gelotto history.. keep an eye out for the next weekly series**
%[https://www.canva.com/design/DAFQF9XgB84/watch]


- > <h3> <center>**Prizes were distributed to last weeks poker tournament winners! Great fun and Congrats to all!** 
![TMNT winnerspng.png](https://cdn.hashnode.com/res/hashnode/image/upload/v1666739849175/QpkRqurWJ.png align="center")
</center></h3> 

- > <h3>**Congrats to all the lucky [Lottery](https://gelotto.io/games) Winners!**</h3>


<hr>
# **Weekly Shout Out**


<h2><center>[![RAC Shout out #005.png](https://cdn.hashnode.com/res/hashnode/image/upload/v1666796053875/qF9IPTUAK.png align="left")](https://twitter.com/RacoonSupply/status/1584240887088893952?s=20&t=kMUvG2ArYVJVd4Oz5HhLVw) </h2></center>











<hr>
## Other News

- > US GDP report comes out tomorrow (10/27). Even though inflation is high and the economy feels down, most experts are predicting good numbers for economic growth in the past quarter.

- > After over a month ranging between 18k and 20k, Bitcoin pumped past the 20k resistance level 10/25, bringing the crypto market with it. The crypto market cap is above 1 trillion again. Over a billion dollars in shorts liquidated by the move.

- > Crypto seems to be decoupling from tech stocks for the time being. Nasdaq is down 2% today while bitcoin pumps. 

- >Elon's Twitter buy closes on Friday.






<hr>
## Delegate With Gelotto

- > <h3><center>**Staking as the House is coming!**</h3><h4><center>Gelotto is non inflationary so all staking rewards will come from house winnings, stake as the house and be part of the house</h4></center></h3><hr><center>[<em>Click to see Staking as the house simulation</em>](https://gist.github.com/dgabriele/61387cc41067fdfd7a0695dfe29ed91d) </center>




%[https://www.canva.com/design/DAFQGFmGXHQ/view]




<hr>


## Validator Votes


%[https://www.canva.com/design/DAFQGKBFCC8/view]