Cosmos Coin Flip is the premier coin flip game for the $STARS network, offering a simple and engaging experience. Players can wager using a variety of assets, including $STARS, $ATOM, $KUJI, and more. A portion of the rewards generated is returned to holders of the Cosmos Coin Flip NFTs, adding extra value for participants.

Due to real-world obligations, the current Cosmos Coin Flip team is unable to continue maintaining the project. They have entrusted us with this incredible DApp, and we are excited to elevate it to new heights. Our commitment is to uphold the existing agreements with NFT holders while introducing exciting new features and integrations.

Our roadmap includes several key enhancements:

1. Staking As The House (SATH): This feature will allow players to stake their tokens + use it for liquidity, adding a new layer of engagement and rewards.

2. Integration with PampIT: Graduated tokens on PampIT will soon be usable in the game, expanding the options for players.

3. New Game Types: We plan to introduce diverse game types to keep the experience fresh and exciting.

Our immediate priority is to upgrade the contract version to ensure seamless gameplay without errors. Stay tuned for an updated roadmap with more details on these upcoming improvements. Exciting times are ahead for Cosmos Coin Flip!

Our Vision: To establish Gelotto as a pioneering, decentralized Web3 software company, wholly governed and owned by our DAO. Our mission is simple yet ambitious: to create engaging, desirable products that generate revenue. This revenue fuels our core assets through mechanisms like 'Staking As The House' and Core NFTs, which lie at the heart of the Gelotto ecosystem. All revenue from our diverse protocols—ranging from Dapps and NFTs to real-world enterprises—feeds back into these core assets.

In pursuit of fresh milestones and broader recognition, we introduced the Grand Prize Events. A small fraction of all activity will fund these spectacular events, aiming to draw even greater attention to the Gelotto Protocol. We launched with $GKEY, offering 1,000 rare keys that will unlock prize boxes filled with treasures ranging from BTC to tangible assets. The quest becomes progressively challenging as each box opened escalates the cost to access the subsequent ones, culminating in a grand treasure. All roads lead to $GKEY, as we continue to expand our products and generate more revenue to make this event possible.

Navigating Web3’s Expansion: The road to greater adoption of Web3 is paved with increasing capital flow, regulatory frameworks, and a surge of Web2 users transitioning into our space. This year, our focus is on DEFI products with gamified elements while we fortify the legal structure around the Gelotto DAO. This ensures compliance with local laws and facilitates scalable, decentralized operations.

Being fully self-funded by Daniel and I, our commitment to leveraging Web3’s potential remains strong. Our priorities for this year include expanding our product offerings to enhance user experience and revenue, which will enable us to hire more developers. These products include:

• Gelotto Threads: A social hub

• PampIT.fun: Fair Token Launch Platform

• BEAST and Fractional NFTs: Platforms for dynamic and fractionalized NFT trading, providing options to borrow, lend, and create vaults.

• Prediction Markets: Utilizing human oracles for degen fun.

These initiatives are designed to integrate seamlessly, enhancing our ecosystem’s synergy and reinforcing the value captured by $GLTO stakers and Core NFT holders.

Refining Games of Chance: This year, we will refine our existing games such as Gelotto Max and Sports Square, and introduce V2 of Mortal Koinbat and video poker. We will not be adding any more games/products to our roadmap this year, our focus will be polishing and enhancing the above Dapps & games.

We will also pause the launch of new 'Staking as the House' supporting other assets. All of our focus this year will be on increasing the value for $GLTO SATH and our Core NFTs. In the future once Gelotto is at a 25 million dollar MC, we will expand SATH to support liquid assets like stINJ, stOSMO, and etc.

Brooklyn Truth: When I first joined a startup, the founder often spoke of building a '100-year company'—something memorable and robust. Daniel and I share that long-term view for Gelotto. By funding ourselves, we've been able to lay a solid foundation with direct community involvement and now, we're ready to gradually transition decision-making to the DAO. This step is crucial as it epitomizes the decentralized ethos of Web3, allowing users to steer Gelotto's future.

Gelotto is our moonshot. We’re just two Brooklyn boys with a passion for this vast, challenging arena of blockchain and crypto, pushing to make a significant dent. Thanks to everyone who believes in this dream and continues to support us. Change is both terrifying and essential, but Gelotto will keep adapting, striving to not just survive but thrive as a century-spanning enterprise in the Web3 revolution. Thanks for being with us on this wild ride. Let’s keep pushing the boundaries together.

We are excited to publish our comprehensive guide on how to migrate your tokens seamlessly and efficiently. This guide will provide you with step-by-step instructions to ensure a smooth transition to our ERC20 tokens, empowering you to continue engaging with our platform with ease and confidence.

1. Load Juno GLTO to Osmosis: Transfer your Juno GLTO tokens from your wallet to the Osmosis platform. Navigate to the Osmosis website and connect your wallet to access your tokens.

   

2. Access the Swap Platform: Visit the GLTO-ERC20 migration platform using the provided link.

3. Initiate the Swap: On the swap platform, select the option to swap your Juno GLTO for Injective.GLTO tokens. This migration enables compatibility with the broader Ethereum ecosystem.

   

4. Complete the Swap: Follow the on-screen instructions to complete the swap process. Ensure that you have sufficient funds for gas fees associated with the transaction.

5. Withdraw Injective.GLTO Tokens: Once the swap is completed, you can withdraw your Injective.GLTO tokens from Osmosis to the Injective platform using the provided bridge.

   

6. Enjoy the Benefits: Once the tokens are successfully transferred to the Injective platform, you can benefit from the features and utilities provided by the Injective.GLTO tokens.

7. (Optional step): If you wish to bridge your injective.GLTO tokens to the Ethereum mainnet, or vice versa, simply visit the Injective bridge to transfer your tokens between Injective and Ethereum. (Beware that gas fees on Ethereum can be considerably higher than on Injective or Osmosis).

   Please note, for successful bridging, you'll need an additional wallet that supports the Ethereum network, such as MetaMask.

   

What It Achieves for Our Products Moving Forward:

• Enhanced Compatibility: Migrating GLTO to ERC-20 ensures compatibility with the broader Ethereum ecosystem, opening up opportunities for integration with various DeFi protocols and platforms.

• Expanded Liquidity Pool: The migration enables the expansion of liquidity pools, enhancing trading opportunities and market depth across different blockchain environments.

• Cost-Effective Transactions: Utilizing INJ/Cosmos as our compute layer ensures efficient and affordable transactions, with transaction fees paid in Cosmos tokens.

• Optimized Infrastructure: With ETH serving as our liquidity layer and Cosmos as our execution layer, we ensure optimized infrastructure for our products and services.

• Future-Proofing: Deploying wrapped GLTO SATH to Injective, our new hub, ensures readiness for future developments and advancements, providing a robust foundation for our multi-chain vision.

  

Conclusion:

In conclusion, swapping Juno GLTO to Injective.GLTO marks a significant step forward for Gelotto, unlocking new opportunities and optimizing our infrastructure for future growth and innovation. Stay tuned for further updates on our journey!

This document is a plain-language summary of where the Gelotto project began, where the project currently stands, and the near-future plans for Gelotto. Essentially, a rundown of the current status and future plans for each of Gelotto’s current and planned projects.

While this document sets out some of the intended developments for Gelotto in 2024, expect plenty of changes. In the world of cryptocurrency projects, nothing is ever set in stone. Original plans frequently change in favor of new opportunities and developments. Many ideas don’t work the way that was originally intended, and changes must be made. Some of these changes consume a great deal of time, other changes actually make things much simpler (turning a roadblock into an opportunity!), while some plans are scrapped entirely in favor of better ones.

Think of this document as a “state of the union” for Gelotto that sets forth what the project has accomplished, where things have fallen short, the current state of the many parts of Gelotto, and the current plans for the future.

Gelotto is a year and a half old, having entered the crypto scene in June of 2022, when the Gelotto token (GLTO) was airdropped to owners of various Cosmos/IBC assets. While Gelotto has focused primarily on cryptocurrency-based games of chance, Gelotto brands itself as more of a web3 software company with big plans for not only gaming, but also NFTs, web3 tooling and contracts, validation across multiple crypto networks, and eventual real-world projects. Additionally, while Gelotto originally launched within the Cosmos/IBC ecosystem on the Juno network, Gelotto plans to expand into multiple networks (in fact, into as many web3 spaces where it makes technological and financial sense to expand).

Introduction

This document is divided into the following sections:

1. Upcoming Roadmap for 2024 - a brief summary of Gelotto’s plans for the coming year.

2. Current games - the current state of each of Gelotto’s games of chance and the planned future developments for each game

3. Future games - games that are planned for development and a brief description of what is intended for these games

4. Current web3 tooling - the current state of each of Gelotto’s web3 contracts and applications (staking-as-the-house, NFT reward distribution tooling, smart contract management tooling, “Gelotto Threads” (an on-chain communication platform), and more)

5. Future web3 tooling - planned web3 contracts and applications for future development

6. Gelotto Tokenomics - current and planned Gelotto cryptocurrency assets (the current state of these assets and upcoming changes where applicable)

7. Gelotto NFT Collections (and Collections affiliated with the Gelotto NFT Label Project) - a brief description of each of Gelotto’s NFT series and their utilities, collections from other creators that have become a part of Gelotto’s NFT Label Project, and a glimpse into Gelotto’s future plans for the NFT scene

8. Gelotto Validators - a summary of Gelotto’s validators and possible changes to be made

Upcoming Roadmap for 2024

Introduction

If your primary interest begins and ends with the items Gelotto plans to tackle in 2024, this may be the only section of this document you need to read. However, the sections that follow will include a retrospective summary of Gelotto’s development to date in greater detail, plans to change or improve existing content, and more detail regarding Gelotto’s future plans for 2024 and beyond.

Roadmap Summary

1. Deploy “Gelotto Threads” - an on-chain communication platform. “Threads” was originally intended for use with Gelotto’s prediction market and human oracle platform (so humans participating in the human oracle platform will be able to communicate regarding outcomes, exchange evidence, etc.) However, “Threads” also has stand-alone value, being usable for any exchange of information ranging from cryptocurrency governance discussions to general social content to NSFW content. At the time of writing this document, an alpha version of Gelotto Threads has been deployed on the Archway network for testing and demonstration.

2. Add features to address possible exploits in the GelottoMax game. These features may include one or more of:

   • limiting the number of tickets able to be purchased by a single wallet for a drawing

   • adding a maximum size for progressive jackpots (revenue from ticket purchases beyond this amount will be added to subsequent progressive jackpots after a current jackpot is won)

   • adding revenue from ticket purchases to a progressive jackpot after each drawing (rather than at the time tickets are purchased)

3. Address errors associated with the Mortal Koinbat game and bring this game back online - Preivously, a malicious actor discovered exploits in the Mortal Koinbat game. Addressing these exploits created errors in the user interface for the game, resulting in the display of incorrect information, which must be repaired before bringing the game back online.

4. Deploy Mortal Koinbat on other networks besides Juno (currently intended: Injective, Archway, Stargaze, and Kujira) and add a network selection control to enable users to easily switch between networks when accessing the Gelotto website.

5. Deploy a tool to enable third parties to initiate NFT raffle games having selected parameters without requiring the intervention of the Gelotto team.

6. Migrate the Gelotto token (GLTO) to the Ethereum ecosystem. This migration will include:

   • Minting ethereum-based GLTO tokens

   • Creating a wrapped version of the GLTO token usable with existing and future apps in the Cosmos/IBC ecosystem via the Injective network bridge (other methods are also possible if needed)

   • Migrating GLTO tokens that are held by the “Staking as the house” (SATH) contract to a new SATH contract that includes wrapped GLTO tokens assigned to the same owners

   • Creating a tool that will allow holders of original GLTO tokens to exchange original tokens for wrapped GLTO tokens (a tool to enable exchanging the original GLTO token for the Ethereum version is also being considered)

   • Creating one or more incentivized liquidity pools in the Ethereum ecosystem (such as on Uniswap) to enable exchange of ethereum versions of the GLTO token, so that Gelotto may benefit from access to the liquidity of the Ethereum ecosystem

   • Create one or more incentivized liquidity pools in the Cosmos/IBC ecosystem (such as on Osmosis, Kujira, and/or Astrovault) to enable users to directly exchange for wrapped versions of the GLTO token

7. Deploy Gelotto Prediction Market - a platform that enables users to speculate on outcomes for various events. The outcomes that occur may be determined using existing blockchain oracles, administrative controls, or “Verdict” - Gelotto's human oracle platform (descried below). The prediction market will be initially deployed on the Archway network, which has awarded a grant to Gelotto for this purpose.

8. Deploy “Verdict” - a “human oracle” platform in which human users may function as “jurors” that vote to resolve outcomes for the Prediction Market, described above, such as when users speculate on certain types of outcomes that are not able to be determined using blockchain-based oracles. Jurors will receive a fee for this service. This platform may have wider applications, such as allowing jurors to vote to determine completion of tasks, tracking of the activities of jurors to enable jurors to be ranked and scored in various categories, etc. Jurors may also communicate, exchange evidence and other information, and so forth using the “Gelotto Threads” platform, described above. “Verdict” will be initially deployed on the Archway network, which has awarded a grant to Gelotto for this purpose.

9. Deploy NFT fragmentation platform - a platform intended for deployment on the Stargaze network that enables a single NFT or group of NFTs to be partitioned into “fragments” that may be traded. For example, an owner of a single high-value NFT may divide the NFT into multiple lower-cost fragments and make these fragments available for purchase. In a similar manner, a group of NFTs may be bundled together, and fragments representing ownership shares of this group of NFTs may be generated and traded. In addition to trading, NFT fragments may be used for borrowing and lending applications.

10. Deploy Dynamic NFTs - NFTs having associated metadata that may be modified. For example, NFTs may represent game pieces having attributes or other characteristics that may change as a game is played or as other NFTs are acquired and used. To showcase this feature, deployment of an Animal Racing Game on Stargaze network is intended, in which NFTs that represent animals have attributes that change as the animal is used or as other NFTs that represent equipment or consumable products are used in association with the NFT that represents the animal.

11. Deploy “Gelotto Monsters Unleashed” (a.k.a. “Beast”) - a play-to-earn game intended for release on the Stargaze network that is centered around the collection and modification of virtual creatures, represented by NFTs. Creatures begin life as an egg that may be hatched after passage of time or use of other NFTs in conjunction with the egg NFT. The resulting creature may be modified through use of NFTs that represent potions or similar types of consumable or durable objects. Creatures may be pitted against one another in battles or used in other events and activities. This game will use an in-game token, BEAST, which may be acquired through gameplay or in-game selling of NFTs, used to purchase or modify NFTs, and won and lost betting on battles or other game events.

12. Hold the 2024 Gelotto Grand Prize Game (a.k.a. “GKEY”) - Estimated to occur at the end of 2024, this game will enable a limited-supply secondary asset created by Gelotto, the GKEY token, to be used to attempt to acquire grand prizes that may include sums of Bitcoin, Ethereum, or other cryptocurrency, or even real-world assets. Gelotto originally intended for this game to occur much earlier, but market conditions and community interest have caused the launch of this game to be delayed. Please see the Future Games section below for additional information.

Current Games

Introduction

The current status and intended future developments for Gelotto’s current lineup of games is outlined below. Some of the intended developments for current games may not occur in 2024 in favor of other planned deployments referenced in the roadmap summary above. Even if not specifically referenced in the roadmap summary, these developments may be deployed between other projects, or may become prioritized if circumstances change.

Legacy Lottery

Summary

The “Legacy Lottery” was Gelotto’s original game. It is probably more correctly termed a raffle than a lottery. The game was initially very active, but participation has decreased with the creation of other Gelotto games drawing a larger share of community interest. In brief summary:

• a game is launched with a timer indicating when a winner will be drawn (games may also be set to draw the winning ticket(s) after a selected number of tickets have been purchased)

• players buy tickets (price and cryptocurrency asset used are selected by the game creator)

• the majority of the ticket price is placed into the prize pool, while a small portion is kept by Gelotto (distributed to the staking-as-the-house pool, Gelotto NFT holders, and the prize wallet for the GKEY grand prize game, each described in more detail below)

• once the timer reaches zero (or the selected number of tickets is purchased), one or more winning tickets are drawn (number of winners and prize distribution selected by the game creator)

• winners may claim their prize

Current State of the Game

• The Legacy Lottery game is currently running on the Juno network

• Randomness for determining winning tickets uses a unique method of introducing “crowd-sourced” randomness into blockchain transactions through the actions of participating players (this randomness was the subject of the original Gelotto whitepaper)

• Games are created by the Gelotto team, who may optionally add assets to increase the size of a prize pool

• A Legacy Lottery game may use any cryptocurrency asset able to be transferred to the Juno network, though over time, games have come to primarily use Gelotto assets mostly due to community preference

• Participation in Legacy Lottery games has decreased since the first release of the game, primarily due to interest in other Gelotto games

Future Plans for the Game

• A third-party lottery creation tool that allows any third party (for a fee to prevent spam/abuse) to create a game having customized parameters

  • Parameters may include the token used for ticket purchases and prize pool, the length of time (or number of purchased tickets) before the winning ticket(s) are drawn, the number of winning tickets, the division of the prize pool, royalty recipient(s) for a portion of ticket purchases

• The ability to create multi-round games where all or a portion of a prize pool in one round may roll over to a subsequent round, participation in subsequent rounds may be restricted to certain players (such as winners of a previous round), etc.

• The ability to include multiple types of tokens (and/or NFTs) in the prize pool

• Use of Nois network as a source of randomness for determining winning tickets

• Possible deployment of this game on other networks

• Possible rebranding of this game as a type of raffle (to account for the creation of the “GelottoMax” lottery game that was developed after creation of the Legacy Lottery game)

NFT Raffle

Summary

An NFT raffle allows a raffle creator to award an NFT to the purchaser of a winning raffle ticket. This game was initially extremely active, and participation remains significant but varies depending on the interest in the particular NFTs that are available. In brief summary:

• a game is launched with a timer indicating when a winner will be drawn (games may also draw a winning ticket after a selected number of tickets have been purchased)

• players purchase tickets (price and cryptocurrency asset used are selected by the game creator)

• the majority of the ticket price is transferred to the original owner of the NFT after the raffle has ended, while a small portion is kept by Gelotto (distributed to the staking-as-the-house pool, Gelotto NFT holders, and prize wallet for the GKEY grand prize game)

• once the timer reaches zero (or the selected number of tickets is purchased), a winning ticket is drawn

• the NFT is transferred to the purchaser of the winning ticket

Current State of the Game

• The NFT Raffle game is currently running on the Juno network, with raffled NFTs primarily existing on the Stargaze network

• Randomness for determining winning tickets uses a unique method of introducing “crowd-sourced” randomness into blockchain transactions through the actions of participating players (See original Gelotto whitepaper)

• Games are created by the Gelotto development team

  • The Gelotto team will occasionally purchase NFTs to be raffled

  • Gelotto offers a “white glove” service where third parties may provide an NFT and submit a form to the Gelotto team specifying the parameters of a raffle, and the Gelotto team creates a game based on the specified parameters

• An NFT Raffle game may use any cryptocurrency asset able to be transferred to the Juno network, though over time, games have come to primarily use the JUNO and GLTO tokens, mostly due to community preference

• Participation in NFT Raffle games was initially extremely high, but currently varies based on the particular NFTs available to be won

Future Plans for the Game

• A third-party raffle creation tool that allows any third party (for a fee to prevent spam/abuse) to create a game having customized parameters (e.g. token used for ticket purchases, length of time or number of tickets purchased before a winning ticket is drawn, royalty recipient(s), etc.)

• The ability to create multi-round games

• The ability to include multiple NFTs or a mixture of NFTs and other crypto assets in the prize pool

• Use of the Nois network as a source of randomness for determining winning tickets

• Possible deployment of this game on other networks

Sports Squares

Summary

Based on the “Football Squares” game, commonly played across the United States during the American football season, the gameboard for Sports Squares is a 10x10 grid, each square representing one possible combination of the last two digits of the scores of opposing teams in a real-world sporting event. A player wins if a purchased square corresponds to the score digits that occur in the real-world event. Gelotto’s Sports Squares game was extremely popular when first released in advance of the 2022 National Football League (NFL) Superbowl game, but current participation varies depending on community interest in particular events for which a squares game is available. Two versions of the game exist: version 1 provides equally–priced squares for purchase that are randomly assigned score digits (familiar to players of Fotoball Squares); and version 2 provides differently-priced squares with pre-assigned score digits, the prices of squares based on the statistical likelihood of the digits occurring in the event (unique to Gelotto).The game works as follows:

• a 10x10 grid with 100 squares available for purchase is created in advance of a sporting event

• FOR VERSION 1:

  • players purchase squares, each square being priced equally (price per square and cryptocurrency asset used are selected by the game creator)

  • after a selected time has elapsed, purchasing of squares is closed and each square is assigned two numbers representing prospective last digits of the scores of each team in the sporting event

• FOR VERSION 2:

  • each square is assigned two numbers representing prospective last digits of the scores of each team in the sporting event

  • players purchase squares, each square being priced differently based on the historical/statistical odds of occurrence of the scores represented by the square (squares that are statistically more likely to win are priced higher than squares that are statistically less likely to win)

• the majority of the ticket price is placed into the prize pool, while a small portion is kept by Gelotto (distributed to the staking-as-the-house pool, Gelotto NFT holders, and the prize wallet for the GKEY grand prize game)

• Alternatively, Gelotto may supply the prize pool when a game is created and retain all or a larger portion of the purchase price of the tickets

• at the conclusion of the game (and optionally at other times during the game, such as at the end of a quarter, half, period, etc.), the square assigned numbers that match the game score at that time is a winning square

• purchasers of a winning square may claim the associated prize after the game has ended (number of winners and division of prize pool selected by the game creator)

• if one or more of the squares that win were not purchased, the prize associated with those square(s) may be retained by Gelotto (distributed to the staking-as-the-house pool), rolled into a subsequent prize pool, etc.

Current State of the Game

• The Sports Squares game is currently running on the Juno network

• Games are created by the Gelotto team, who may optionally provide assets to the prize pool

• The sporting events featured in the games to date have included American Football (both college and professional (NFL) sporting events), and a small selection of United States basketball games, though it is possible for a Sports Squares game to be associated with any event that is scored

• A Sports Squares game may use any cryptocurrency asset able to be transferred to the Juno network, though games primarily use the GLTO token mostly due to community preference and integration of this game with the Staking as the House platform (which also uses GLTO tokens)

• Participation in Sports Squares games was initially high, and has become more variable with interest based on the particular sporting events for which a Sports Squares game is available

Future Plans for the Game

• A third-party creation tool that allows a third party (for a fee to prevent spam/abuse) to create a game having customized parameters (e.g., the particular event, prices of squares, prize distribution, cryptocurrency asset used, length of time to permit sale of squares)

• Integration with “Verdict”, Gelotto’s Human Oracle protocol (described in more detail below), which will enable a group of human “jurors” to resolve the outcome of the game, such as by verifying winning and losing squares

• Possible deployment of this game on other networks

Mortal Koinbat

Summary

Mortal Koinbat is a virtual coin toss game with selectable odds and prices, enhanced by the notion of pitting characters and concepts, represented as decorative coins, against each other in a “combat”. A selection of games is presented, each game having two characters or concepts, and each game having a specified price per coin toss and odds for winning each toss. Players may purchase multiple coin tosses in a single transaction.

Mortal Koinbat was initially extremely popular due to its continuous availability and ease of gameplay. Unfortunately, the game was targeted by a malicious actor, who was able to exploit the underlying smart contracts to prevent spending of tokens when a coin toss was lost. This exploit was remedied by dividing certain actions performed by the smart contracts into separate transactions and the integration of randomness form Nois network, however these updates did not interface correctly with all of the user interface elements for the game, resulting in incorrect information being displayed. At the time this document was written, Mortal Koinbat is currently offline while these issues are repaired.

The game operates as follows:

• A player selects one or more coin tosses, each represented by character or concept-based artwork, each having a specified price, and each having a specified chance of winning

• The player then executes the selected coin tosses, the cost of the purchased coin tosses is received from the player’s wallet, the results are displayed, and any tokens that are won are transferred to the player’s wallet

• The game retains a tally of the tokens won or lost across multiple transactions during the player’s session

Current State of the Game

• As noted above, Mortal Koinbat is currently offline due to user interface errors, however Mortal Koinbat was one of Gelotto’s most popular games when online due to its continuous availability and ease of gameplay

• Mortal Koinbat is currently deployed on the Juno network

• Games are created by the Gelotto team, who selects the text, graphics, price, and odds for each coin toss option

• Optionally, the Gelotto team may offer additional prizes, such as NFTs, for winning certain coin toss options a selected number of times

• Mortal Koinbat was the first game that interfaced with Gelotto’s “Staking as the House” (SATH) platform (described below), with the purchase price of losing coin tosses being paid into the SATH contract, and the prizes for winning coin tosses being taken from the SATH contract

• Due to interfacing with SATH, which uses the GLTO token, Mortal Koinbat also uses the GLTO token, however use of other cryptocurrency assets is possible

• Randomness for determining the outcomes of coin tosses is sourced from Nois network, with Gelotto’s own backend process (described in original Gelotto whitepaper) used as a backup method if the Nois transaction fails

Future Plans for the Game

• Bring Mortal Koinbat back online after addressing the user interface errors that resulted from fixing an exploit

• Deploy the game on other networks (using those networks’ native tokens)

• Integration with the Gelotto credit system (described below), which will enable players to purchase a desired amount of Gelotto credit in a single blockchain transaction, then spend this credit on Mortal Koinbat (or other games or applications) without requiring transfers of assets using blockchain transactions

GelottoMax

Summary

GelottoMax is a set of lottery-style games in which players buy tickets, each represented by a selected set of numbers. A set of winning numbers is drawn periodically (the time period between drawings varies for each GelottoMax game). Each GelottoMax game may offer different odds (affected by by the range and quantity of numbers that are selected for a ticket) and different prize structures (some games may award prizes for matching some but not all of the winning numbers). Additionally, some GelottoMax games may include a progressive jackpot that is retained between drawings if not won, allowing the jackpot to grow after each drawing if it is not won. In brief summary:

• One or more GelottoMax games are initiated, each game defined by:

  • a price and crypto currency asset used to purchase tickets and be placed in the prize pool

  • the quantity of numbers included on a ticket

  • the numerical range from which ticket numbers may be selected

  • a length of time between drawings for a winning set of numbers

  • a set of prize pools, each prize pool defined by the conditions for winning (e.g., matching 3 out of 5 winning numbers, 4 out of 5, 5 out of 5, etc.) and the prize structure (some prize pools may include a fixed quantity of tokens, while others may include a progressive pool that grows by adding a portion of the purchase price for each ticket)

• Players purchase tickets using an interface that allows individual or multiple tickets to be purchased through a single transaction. Players may manually select the numbers to be included on each ticket, or may opt to select a “quick pick” option to randomly select numbers for one or more tickets

• When the timer associated with the game has lapsed, a set of winning numbers is determined, and any purchased tickets that match a sufficient quantity of the winning numbers to win a prize pool may claim the associated prize

• If the game includes a progressive jackpot and no purchased ticket wins the jackpot, the tokens in the jackpot are retained and remain available to win in the subsequent drawing

Current State of the Game

• GelottoMax has been one of Gelotto’s most popular games due to its continuous availability and the inclusion of games with short time periods between drawings

• GelottoMax is currently running on the Juno network

• Games are created by the Gelotto team, who selects the game parameters (ticket price, cryptocurrency asset used, quantity and range of numbers for tickets, distribution of prize pools)

• GelottoMax is integrated with Gelotto’s “Staking as the House” (SATH) platform (described below). While the majority of the tokens used to purchase a ticket are provided to one or more prize pools for the game, a portion of the purchase price of each ticket and a portion of each prize pool are sent to the SATH contract

• Due to interfacing with SATH, which uses the GLTO token, GelottoMax uses the GLTO token, however use of other cryptocurrency assets is possible

• Randomness for determining the winning number is sourced from Nois network, with Gelotto’s own backend process (described in original Gelotto whitepaper) used as a backup method if the Nois transaction fails

Future Plans for the Game

• Add features to reduce the possibility of exploits, such as maximum caps on jackpot sizes or numbers of tickets able to be purchased by a single wallet and/or increasing the size of a progressive jackpot after each drawing rather than when tickets are purchased

• Deploy this game on other networks

• Collect data and add game variations based on drawing frequencies and odds that are attractive to players and profitable for the SATH platform

• Integration with the Gelotto credit system (described below), which will enable players to purchase a desired amount of Gelotto credit in a single transaction, then spend this credit without requiring transfers of assets using blockchain transactions

Future Games

Introduction

Intended new additions to Gelotto’s lineup of games are outlined below. Some of these games may not be deployed in 2024 in favor of other planned deployments referenced above. However, priorities and circumstances frequently change, and even if a game is not specifically referenced in the roadmap summary above, it is possible Gelotto may deploy these items sooner rather than later.

Prediction Market

Gelotto will be deploying a Prediction Market on the Archway network, which has awarded a grant to Gelotto for this purpose. Prediction markets enable a user to create a prediction pool (structured similarly to a liquidity pool), where users may speculate on the outcome of an event by purchasing shares in a selected outcome.

Users will be able to create a prediction pool (for a fee) that poses a topic for prediction and two (or more) possible outcomes. Participants will then be able to purchase shares for a selected outcome, with the purchase price for shares changing dynamically (e.g., the price for a share associated with an outcome may increase as more shares for that outcome are purchased, while the price of shares for outcomes that are not purchased may decrease.) At the end of a selected time period or event, the outcome that occurred may be determined, and the assets in the prediction pool are then distributed proportionally among the shares associated with the winning outcome. A portion of the assets in the pool may be retained by Gelotto (e.g., distributed to the SATH contract, NFT holders, the Grand Prize Game wallet, etc.) and/or provided as payment to users that serve as “jurors” (described below).

The Prediction Market will include a unique outcome resolution module that offers different options for the resolution of outcomes:

1. A smart contract that leverages an existing blockchain-based oracle

2. A smart contract that allows administrative users to resolve and set outcomes

3. A smart contract that engages "Verdict", Gelotto’s Human Oracle Protocol (described below) in which a group of users (a “jury”) uses a social decision-making process to resolve an outcome

4. A game smart contract that resolves outcomes as a side-effect of gameplay – for example, a prediction market may include outcomes relating to the winner, loser, score, or other aspect of a separate game, and the outcome may be automatically determined from the game smart contract

Of note, use of option 2 or 3 would enable resolving outcomes for any manner of prediction, including types of information that are unable to be determined using oracles.

Animal Racing

In conjunction with the creation of dynamic NFTs having modifiable metadata (described below), Gelotto will deploy an Animal Racing game on the Stargaze network to showcase this feature.

NFTs that represent animals may be acquired, each NFT having associated metadata that represents characteristics of the animal. When a racing event occurs, the characteristics of each NFT taking part in the event, in combination with characteristics of other event-related NFTs (such as NFTs representing racing tracks, durable or consumable items, and the like), and generated randomness (sourced from Nois network or using Gelotto’s own backend process) will determine the outcome of the event. Users will be able to place bets on the outcome of these events.

The characteristics of the NFTs that represent animals may change dynamically as the NFTs are used to participate in racing events, or as other NFTs are used to augment the animal NFTs. For example, other NFTs may represent consumable items such as food, medicines, drugs, and so forth that may cause positive or negative changes to various characteristics of the animal NFT.

Gelotto Monsters Unleased (a.k.a. "Beast")

Gelotto Monsters Unleashed, described in Gelotto's second whitepaper, will be a cryptocurrency-based play-to-earn game centered around the collection and modification of virtual creatures, represented by dynamic NFTs with changeable metadata that represents the characteristics of the creatures. Initially, an NFT representing an egg is acquired by a player. The attributes of the egg may be modified using other NFTs, such as NFTs representing potions. The egg may eventually be hatched which modifies the characteristics of the egg NFT to effectively convert the egg NFT into a creature NFT. The creature NFT may similarly be improved, evolved, and so forth using other NFTs.

The attributes of an NFT are represented by metadata at a location indicated in the NFT data itself and are modified using a smart contract that first verifies that a user owns both NFTs (the creature NFT and the NFT being used to modify the creature), and that other in-game requirements are met. This process effectively uses NFT ownership as an access control list (ACL) for executing smart contracts to modify metadata.

Creature NFTs may be used to battle other creatures or computer-generated opponents, participate in other competitive or non-competitive tasks, and/or as part of a breeding smart contract to produce new egg NFTs.

A unique token for this game, the beast token (BEAST), will be used as the in-game currency for purchase of NFTs, participation in various activities (such as betting on the outcomes of battles or other events), and may be earned through gameplay or sale of in-game assets. The GLTO token may be used as a governance token for voting to modify parameters of the game, and may be staked to earn BEAST tokens.

Gelotto Grand Prize Game (a.k.a. "GKEY")

When Gelotto first entered the cryptocurrency scene and the GLTO token was airdropped, a limited-supply secondary asset, GKEY, was also created. GKEY was able to be acquired through various events, games of chance, staking with Gelotto’s validators, holding GLTO tokens, and owning Gelotto NFTs.

During Gelotto’s first year, a portion of the revenue from all Gelotto games was placed into a wallet to be used to purchase prizes for a massive Grand Prize Game, where GKEY tokens would be used to attempt to acquire large prizes, such as sums of Bitcoin, Ethereum, other cryptocurrency assets, and even real-world assets.

At the time Gelotto began development, it was believed that cryptocurrency investment and gambling were a natural pairing, especially given the business model of the Cosmos/IBC ecosystem. Holders of Cosmos/IBC assets were essentially receiving “free money” each day in the form of staking and liquidity pool incentives, and we believed that investors across the Cosmos would enjoy using these incentives to play games of chance, such as by spending a little bit each day to play a lottery game.

We overestimated the propensity of cryptocurrency investors to gamble. The majority of cryptocurrency investors, while avid speculators, are not gamblers at heart. Investing a dollar in a cryptocurrency token that goes down in price still leaves the investor with a fraction of his initial investment, and tokens that may one day increase in price again, especially if those tokens are earning a staking APR in the interim. However, spending a dollar on a lottery ticket that has a very small chance of winning a large jackpot has a large chance of that investor spending his dollar, then walking away with zero. This turned out to be unpalatable to most cryptocurrency investors. There is a large market for games of chance, but the overlap between this market and cryptocurrency investors is smaller than most people would think.

Additionally, shortly after Gelotto began development, cryptocurrency entered a bear market, which led to most investors taking defensive positions with their assets, rather than feeling rich, generous, and adventurous.

In short, Gelotto's games have not yet generated the revenue necessary to fund the GKEY Grand Prize Game, and the target date for the Grand Prize Game has been moved to the end of 2024.

However, Gelotto has continued to build, develop, and ship products during the bear market. With many more games under Gelotto’s belt and cryptocurrency on the cusp of what may be the next bull market, we are optimistic regarding this goal.

When the Grand Prize Game is released, the vision is to present a series of “locked chests”, each representing an unknown prize. A small amount of GKEY may be used to open a first chest (resulting in the GKEY being burned), with each subsequent chest requiring a larger amount of GKEY to open.

The Grand Prize Game may involve a social aspect, with players teaming up to pool GKEY when a larger amount is required to open chests, building tools to facilitate trust, and so forth. The game may include an option for a participant to burn a small amount of GKEY to learn a prize contains in a locked chest without spending a larger amount to open the chest, however this option may become progressively more expensive with each use during the game.

Other Casino-Style Games

In the future, Gelotto intends to deploy casino-style games such as video poker, slots, roulette, blackjack, dice games, and more. However, given the propensity of cryptocurrency investors to prefer speculation over gambling (where a loss is possible), other tooling and applications may be prioritized.

Current web3 Tooling

Introduction

In addition to its games of chance, Gelotto has created a variety of tooling, applications, and infrastructure. This tooling has typically been a by-product of the development of Gelotto’s games, however the large majority of Gelotto’s tooling is independently useful for a variety of purposes.

Staking as the House (SATH)

Staking as the House (SATH) is a revenue and expense-sharing platform, regarded as the core of Gelotto. Users are able to stake Gelotto tokens (GLTO) with the SATH smart contract, and various games and other applications interface with the SATH platform. SATH serves as a source of liquidity for these games and applications. For example, if a player wins a game of chance, tokens from the SATH platform are used to pay winnings to the player (taken proportionally from each user’s stake). If a player loses a game, the losses are paid into the SATH platform (added proportionally to each user’s stake). This process is similarly usable with any game or application where it may be desirable to share expenses or revenue among a group of users. (See Gelotto's SATH whitepaper for more information.)

Current Status

• SATH is currently running on the Juno network

• The platform uses the GLTO token, though use of other tokens is possible

• SATH has seen extensive use, with over 300 wallets staking GLTO with the platform smart contract, and over 90 million GLTO tokens staked

• Revenue generated by SATH was initially high due to continuously available, high-traffic games such as Mortal Koinbat, but has tapered somewhat since Mortal Koinbat was taken offline, with most of the current revenue being generated by GelottoMax

Future Plans

• Migration of the SATH platform from Juno to Injective, which should result in faster transactions and lower transaction fees

• Deployment of SATH on other networks (current plans include Stargaze, Archway, and Kujira) using the native tokens of those networks. This will be done in conjunction with the deployment of games on those networks, played using those networks’ native tokens

• Enabling third party applications to access selected portions of SATH liquidity for various purposes as potential additional sources of revenue

• Creation of new games, and applications other than games, that provide revenue to users of the SATH platform

NFT Rewards Sender

Many of Gelotto’s NFT collections (described below) allow holders to receive a portion of revenue generated by the Gelotto platform, or other types of revenue distributions. To facilitate distribution of this revenue, Gelotto has developed an NFT Rewards Sender tool and has made this tool available for third party use. The tool identifies the wallet addresses of holders of a particular NFT collection and distributes assets to these holders.

Current Status

• A user inputs the contrat address of an NFT collection on the stargaze network (other networks are possible)

• The reward distributor determines the wallet address of each holder and enables the user to exclude selected addresses from receiving rewards

• Assets for distribution are sent to the reward distributor contract

• Corresponding wallet addresses for other networks are determined for each non-excluded NFT holder

• Assets are distributed to each NFT holder as a batched transaction to reduce network fees

Future Plans

• Possible adaptation of this tool for use with other networks

• Possible adaptation of this tool for distribution based on other qualifications, such as holding particular quantities of assets, similar to an airdrop tool

Smart Contract Deployment Tool

In preparation for deployment of a prediction market, human oracle platform, and on-chain communication platform on the Archway network, Gelotto developed a tool to easily deploy smart contacts to Archway, and has also adapted this tool for use with the Juno network. The tool was initially used only internally by the Gelotto team, but at the time of writing this document, a demo version of the Contract Deployment tool has been released for additional testing and demonstration purposes.

Future plans include adapting this tool for use with other networks and expanding the functionality of the tool to enable Instantiation, Migration, Execution, and Querying operations.

User Account/Community Tooling

In preparation for creation of a Gelotto credit system and deployment of Gelotto Threads, Gelotto has created a Community/User Account feature that enables selection of a user name, NFT avatar, and other social information (such as websites and social media contact information) for inclusion in a user account that is associated with a user’s wallet address.

This feature is currently implemented on the Juno and Archway networks but is planned to be deployed on Injective when the GLTO token and main Gelotto SATH contract are migrated. Deployment on other networks is also possible.

As additional applications, such as Gelotto’s human oracle platform, on-chain communication platform, and credit system are deployed, additional data may be associated with a user account, such as human oracle voting statistics, interactions with communications by the user, and so forth. Users that exhibit positive interactions with the Gelotto platform may be provided with incentives or advantages, such as reduced fees, while users that exhibit malicious or abusive actions may lose such advantages or incur penalties.

"Gelotto Threads"

Gelotto Threads is an on-chain communication platform that permits users to post content (text, links, images, videos, and even certain types of applications), vote to indicate positive or negative sentiment toward various content, send tips to content creators, and more. Originally intended for use with Gelotto’s planned Human Oracle platform (to enable users of the Human Oracle platform to communicate, exchange evidence and information, etc.), Gelotto Threads is also useful as a stand-alone application, such as for discussing cryptocurrency governance (as an alternative to various web2 forums that are used), and various cryptocurrency community issues (as an alternative to various web2 social media platforms).

Current Status

• A demo version of Gelotto Threads has been launched on Juno and Archway

• Users are able to create user accounts, select user and display names, select an NFT (specified by collection address and token number) for use as an avatar, provide social media and other contact information

• Users are able to post content of various types including but not limited to text, images, video, links, NSFW content (with the content obscured until other users opt-in by selecting to remove the obscurement). Each post is a separate smart contract

• Users are able to delete their posts in a subsequent transaction

• Users are able to upvote and downvote content, post replies to content (replies are nested in the same smart contract thread), and send tips to content creators

• Threads may be searched using #hashTags included in the threads

• The display of threads may be organized based on newness, user votes, or number of replies

• Users may flag threads as “Saved Posts” for future access

• Each post includes controls to copy a link to the post, which may be included in other posts or used to share the post in other media

• Certain types of actions, such as upvotes, downvotes, and flagging threads as saved posts may be batched to reduce transaction costs. For example, a user may select a large number of upvotes and downvotes, then click a button to execute the selected votes as a single transaction

Future Plans

• Solicit user feedback during this testing period and address bugs and make changes to improve the user experience

• Add sections, such as community or topic-based collections of threads, for better organization and ease of access

• Add improved search, content, and other functionality

• Deployment on other networks (current plans include Injective and possibly Osmosis)

Other Auxiliary Contracts

Ancillary to its games of chance, Gelotto has developed a variety of general-purpose contracts that are open-source and available to other developers Examples include:

• A general-purpose access control list (ACL) contract with a group administration policy. (Determines who can access which games and contracts.)

• A general-purpose “database table” contract for managing and viewing collections of other smart contracts. (Used for maintaining, organizing, and querying large collections of contracts, such as multiple NFT raffles, lottery games, and sports squares games.)

• A custom “player” smart contract with user profile and multi-token rewards & claims functionality. (Used for reward distributions and ties into the user account/community tooling described above.)

• Tools for detection and deterrence of spam and bots

While these tools are currently open-source, future plans include creating front-end interfaces to make one or more of these tools more easily accessible for third-party use.

Future web3 Tooling

Introduction

Many of Gelotto’s planned developments fall outside the realm of what would be termed “games”, but are still potential sources of utility, entertainment, and revenue. Additionally, in conjunction with the development of games and applications, the associated contracts and tooling to make these deployments function properly and improve the user experience will also be developed.

"Verdict" - a Human Oracle Platform

Originally intended for use with Gelotto’s Prediction Market (described above), “Verdict” enables human users to vote to resolve outcomes, such as by indicating occurrence of a real-world event that is the subject of a prediction pool. Use of human users for this function would enable the Prediction Market to include pools focused on predictions that may not be able to be resolved using existing cryptocurrency-based oracles.

The “Verdict” platform is also separately useful for a variety of other purposes, such as empowering human jurors to verify completion of tasks prior to payment, resolve disputes, and so forth.

• When creating a prediction pool, or another type of project for which resolution using human jurors is appropriate, the creator may specify a number of jurors, a portion of the pool or project assets to be used to pay fees to jurors, and criteria or requirements for the jurors (such as a rating, score, number of previous votes in which the juror participated, etc.)

• Jurors will access an interface to cast votes

• Jurors may use the “Gelotto Threads” communication platform (described above) to discuss events and exchange information and evidence

• Users that participate as jurors will receive a fee for voting, which will typically be a portion of the revenue associated with the prediction pool or other project

• Jurors may be rated or scored in a variety of categories, such as accuracy of votes, promptness of votes, and so forth. For example, a history of long-term, accurate voting may entitle a juror to a larger portion of revenue or other benefits on the Gelotto platform, while jurors who vote inaccurately may receive reduced incentives or other penalties. A user’s score may affect other aspects on the Gelotto platform such as fees, access to games, etc.

While the Human Oracle Platform will first be deployed on Archway to be used with Gelotto’s Prediction Market, future plans include deployment of this platform on other networks if demand exists.

NFT Fragmentation

Gelotto’s NFT Fragmentation platform will enable an owner of an NFT, or a group of NFTs, to provide the NFT(s) to a smart contract and create a selected number of fractional shares (e.g., "fragments") that represent partial ownership of the NFT(s). For example, an expensive NFT may be divided into 1000 shares, each tradeable for 1/1000th of the price of the expensive NFT.

This tooling may work in conjunction with other tooling, such as reward distribution and consensus tooling. For example, distribution of yields or rewards associated with an NFT may be divided and distributed to different wallets based on ownership of the fragments associated with that NFT. In cases where owners of the majority of the fragments wish to sell an NFT, tooling may be created to allow this consensus to be determined, and once sold, to distribute the revenue associated with the sale based on ownership of the fragments.

This tooling is intended for deployment on the Stargaze network, and potentially other networks with established NFT platforms.

Dynamic NFTs

In conjunction with deployment of the Animal Racing and Gelotto Monsters Unleashed games (described above), Gelotto will develop a series of dynamic NFTs with changeable attributes, represented by metadata at a location indicated in the NFT. The metadata may be modified using a smart contract verifies ownership of the NFT and that any other requirements to modify the NFT are met, effectively using NFT ownership as an access control list (ACL) for executing the smart contract to modify the metadata.

As one example use, a dynamic NFT may represent a creature or character associated with a game, that creature or character having attributes represented in the metadata for that NFT that affect the outcomes of various game events. The attributes may be modified as a result of various game events, such as to represent improvement of the creature or character or negative consequences associated with game events.

Gelotto Credit System

To facilitate participation in Gelotto’s games and use of other Gelotto applications across multiple networks, Gelotto intends to develop a credit system through which users may spend cryptocurrency assets (such as GLTO tokens, though other assets may be possible) to receive Gelotto credit. Gelotto credit may be spent to participate in games or use applications, potentially won based on game outcomes, and cashed out to receive GLTO (or possibly other cryptocurrency assets).

Gelotto credit may be associated with a user account (described above), which would eliminate the need for a separate credit token.

Use of Gelotto credit may enable participation in games, or use of Gelotto applications, without requiring payment of network fees. For example, a user may execute a single transaction to acquire Gelotto credit, and may then use the Gelotto credit seamlessly, while any transactions associated with the actions taken by the user are executed by Gelotto’s back-end without requiring manual execution and payment by the user.

Gelotto Tokenomics

Introduction

After the airdrop of the Gelotto token (GLTO) in June of 2022, Gelotto has added multiple applications through which the GLTO token may be spent, acquired, or staked. Shortly after the project began, Gelotto also created the Gelotto Keys (GKEY) token for use in the upcoming Grand Prize Game (described above).

While it is intended that the GLTO token remain the primary token used for participation, revenue, and eventual governance on the Gelotto platform, other secondary assets may be released for use with specific games or applications, such as the BEAST token for use with the Gelotto Monsters Unleashed game (described above).

Gelotto Token (GLTO)

Current Status

• Currently a CW token on the Juno network

• Usable to participate in any of the games described in the “Current Games” section of this document

• Usable with the Staking-as-the-House platform (described above)

• Tradeable on Osmosis Dex (Pool 778)

Future Plans

• Migration to the Ethereum network:

  • An Ethereum version of the GLTO token will be minted (having the same max supply as the original GLTO token)

  • A wrapped version of the new GLTO token (native to the Injective network) will be created by bridging the new GLTO token using the Injective bridge

  • On a selected date, a snapshot of the Staking-as-the-House contract will be taken and deposits and withdrawals will be disabled

  • A new Staking-as-the-House contract will be created on Injective with wrapped versions of the new GLTO token associated with the Injective wallet for each user included in the snapshot

  • A tool will be created to enable holders of original GLTO tokens to exchange these tokens for wrapped versions of the new GLTO token (the ability to exchange original GLTO tokens for the non-wrapped Ethereum version of the GLTO token may be created as well)

  • One or more incentivized liquidity pools for the new GLTO token will be created on the Ethereum network (most likely on Uniswap)

  • One or more incentivized liquidity pools for the wrapped version of the GLTO token will be created in the Cosmos/IBC ecosystem (most likely on Osmosis, Astrovault, Kujira)

• Additional uses for GLTO:

  • Additional games that use GLTO

  • Incorporation into Gelotto Threads as an asset usable for tipping

  • Governance (the SATH contract may function as a DAO)

  • In the more distant future, GLTO may migrate to its own chain if and when it makes logical and financial sense to do so

Gelotto Keys (GKEY)

Current Status

• Currently a CW token on the Juno network with limited supply (Max supply of 1000)

• Will be usable to participate in the 2024 Gelotto Grand Prize Game (described above)

• Tradeable on Osmosis Dex (Pool 790)

Future Plans

• Deployment of the Grand Prize Game toward the end of 2024

• Possible migration of this token to the Ethereum network if it makes logical or financial sense to do so

• After the 2024 Grand Prize Game, other grand prize tokens will be created and distributed as incentives to holders and liquidity providers of various Gelotto Assets

• GKEY that is not used in the 2024 Grand Prize Game may provide a benefit in a future grand prize game

Beast Token (BEAST)

Current Status

• Not yet deployed but intended for use with the Gelotto Monsters Unleashed (“Beast”) game (described above)

Future Plans

• Deployment of the Gelotto Monsters Unleashed game in mid 2024

• This token may be deployed on the Ethereum network and a wrapped version of the token may be created using the Injective bridge for use in the Cosmos/IBC ecosystem

• Possible distribution as incentives for holders and liquidity providers of various Gelotto assets

Gelotto NFT Collections (and other Collections Affiliated with the Gelotto NFT Label Project)

Introduction

Since the creation of Gelotto, NFTs have been an integral part of the platform. Ownership of certain NFTs enables holders to receive a portion of the revenue from various Gelotto games and applications, and future NFT collections may enable holders to receive portions of revenue from Gelotto validators or NFT royalties. NFTs may also enable holders to receive access to various features and events associated with the Gelotto platform, and various benefits for certain games, applications, or events.

Gelotto has also launched an NFT label service through which the Gelotto team, having extensive experience developing and deploying NFT collections, helps other NFT artists launch collections, increase sales, add benefits for holders, and so forth. Future plans include helping real-world artists that may not have experience with NFTs (or cryptocurrency in general) incorporate NFT collections (both visual and audio) into their business plans.

Gelotto NFT Collections

Gelotto Series 1

• Launched on Stargaze network, may be traded on the Stargaze marketplace

• Artwork features anthropomorphic ice cream cones with a variety of clothing and facial features, many of these features being cryptocurrency, Cosmos, Juno, Gelotto, and 420-themed

• 1% of Gelotto game revenue is divided among holders of Gelotto Series 1 NFTs

• Holders of Gelotto Series 1 NFTs receive “VIP” status on the Gelotto platform and access or reduced prices for various events, such as special VIP poker games

• This collection originally included 1000 NFTs but did not mint out. The unminted NFTs were burned, reducing the total supply to 837

• 10 NFTs in this collection were designated as “owner” NFTs and feature anthropomorphic ice cream cone versions of characters from the popular anime series “One Piece”. An additional 1% of Gelotto revenue is divided among all owner NFTs, and holders of owner NFTs are intended to receive access to special events and features on the Gelotto platform

Gelotto Series 2

• Launched on Stargaze network, may be traded on the Stargaze marketplace

• Artwork features pixelated, animated, anthropomorphic ice cream cones with a variety of clothing and facial features, many of these features being cryptocurrency, gambling, and drug-themed

• 1% of Gelotto revenue is divided among holders of Gelotto Series 2 NFTs

• Holders of Gelotto Series 2 NFTs receive “VIP” status on the Gelotto platform and access or reduced prices for various events, such as special VIP poker games

• This collection includes 420 NFTs

• 10 NFTs in this collection were designated as “owner” NFTs and feature pixelated, animated anthropomorphic ice cream cone versions of characters from the popular anime series “One Piece”. An additional 1% of Gelotto revenue is divided among all owner NFTs, and holders of owner NFTs are intended to receive access to special events and features on the Gelotto platform

Gelotto Series 3

• Launched on Stargaze network, may be traded on the Stargaze marketplace

• Artwork features women with fanciful outfits, backgrounds, and accessories, many of which are ice cream, gambling, or sexually-themed

• 1% of Gelotto revenue is divided among holders of Gelotto Series 3 NFTs

• Holders of Gelotto Series 3 NFTs receive “VIP” status on the Gelotto platform and access or reduced prices for various events, such as special VIP poker games

• This collection includes 69 NFTs

• 10 NFTs in this collection were designated as “owner” NFTs and feature fanciful versions of characters from the popular anime series “One Piece” with ice cream and gambling-related elements. An additional 1% of Gelotto revenue is divided among all owner NFTs, and holders of owner NFTs are intended to receive access to special events and features on the Gelotto platform

Mostro Del Gelotto

• Originally launched on Teritori network but migrated to Stargaze network, may be traded on the Stargaze marketplace

• Artwork features AI drawings that blend ice cream with various monsters and animals

• This collection includes 214 NFTs

• This collection also includes monster-themed depictions of members of the Gelotto team

Cream Queens

• Launched on Stargaze network, may be traded on the Stargaze marketplace

• Distributed through a raffle-style airdrop to holders of other Gelotto NFTs

• Artwork features AI drawings of different styles of women with various ice cream-themed elements. The collection originally included some NFTs with superhero-themed elements, but these were removed due to delisting of the collection by the Stargaze copyright bot

• This collection includes 358 NFTs

Gelotto Football League 2023

• Launched on Stargaze network and may be traded on the Stargaze marketplace

• Artwork features fantasy-themed versions of football players, depicted on a trading card, divided into four cryptocurrency-based teams (STARS, KUJI, JUNO, ARCHWAY)

• These NFTs were used in conjunction with Gelotto’s 2023 fantasy football league, with holders of NFTs associated with teams that won fantasy competitions winning prize pools

• This collection includes 108 NFTs

Gelotto Spooky Stamps

• Launched on Stargaze network, may be traded on the Stargaze marketplace

• Distributed through a raffle-style airdrop to holders of other Gelotto NFTs

• Artwork features various women, monsters, ice cream cones, and lighthouses with various Halloween-themed elements

• This collection includes 300 NFTs

Gelotto Ruby Deck & Gelotto Sapphire Deck

• Originally Launched on Juno network via Loop marketplace and migrated to Stargaze network, may be traded on the Stargaze marketplace

• Artwork features women, men, and monsters with fantasy and ice cream-themed elements, depicted on an animated playing card that is red (for Ruby Deck) or blue (for Sapphire Deck)

• These NFTs entitle holders to access or reduced prices for various Gelotto poker events

• Each collection includes 54 NFTs

Gelotto Discord Casino (S1) & (S2)

• Launched on Stargaze network, may be traded on the Stargaze marketplace

• Artwork for each Season 1 NFT featured a futuristic cityscape that includes a Gelotto casino. Each Season 2 NFT features an animated shelf containing Gelotto-themed crystals and a Gelotto snow-globe

• These NFTs entitle holders to participate in the corersponding season for Gelotto’s Discord casino games, with various prizes

• These collections were open-edition mints

Gelotto Masterpiece (#1, #2, #3, and #4)

• Launched on Stargaze network, may be traded on the Stargaze marketplace

• Artwork for each of these collections features anthropomorphic ice cream cones with monster-like features

• These NFTs are intended to have a secret use not yet disclosed by the Gelotto team, but hints have been made that this use may be associated with the 2024 Grand Prize Game

• These collections were open-edition mints

Collections Affiliated with Gelotto NFT Label Project

The Fortunate Few ("Fortunate Few Staking Club (FFSC)")

• Part of the Gellotto NFT Label Project (not launched by the Gelotto team)

• Launched on Stargaze network, may be traded on the Stargaze marketplace

• Artwork includes backgrounds previously used for Gelotto Legacy Lottery Games

• Rather than being available through a conventional mint, these NFTs are made available, one per week, to be won using the Gelotto NFT Raffle game

• Revenue from raffled NFTs is used to purchase various cryptocurrency assets that are held, staked, or placed in liquidity pools in a manner voted on by holders of the NFTs

• Revenue generated by the purchased assets is periodically distributed to holders of the NFTs

• This collection has a maximum supply of 150 NFTs

FFSC League of Shadows ("LOS")

• Part of the Gellotto NFT Label Project (not launched by the Gelotto team)

• Launched on Stargaze network, may be traded on the Stargaze marketplace

• Artwork includes hooded figures depicted with various fantasy or futuristic elements

• Ownership of these NFTs enables holders to participate in raffles for various prizes such as other NFTs or cryptocurrency tokens

• This collection includes 149 NFTs

777

• Part of the Gellotto NFT Label Project (not launched by the Gelotto team)

• Though launched on Stargaze network and may be traded on the Stargaze marketplace, the original 777 collection was associated with the Luna Classic network and affected by the crash of 2022

• Artwork includes men depicted with various outfits, hats, masks, and weaponry

• A portion of the GLTO tokens that are staked-as-the-house are owned by this collection. Ownership of these NFTs enables holders to receive a share of revenue generated by the staked GLTO tokens

• This collection includes 2000 NFTs

TAOC - Noble Knights

• Part of the Gellotto NFT Label Project (not launched by the Gelotto team)

• Launched on Stargaze network, may be traded on the Stargaze marketplace

• Artwork includes knights with various styles of armor and weaponry

• This collection includes 4999 NFTs

Rebels

• Part of the Gellotto NFT Label Project (not launched by the Gelotto team)

• Launched on Stargaze network, may be traded on the Stargaze marketplace

• Artwork includes astronauts clothing, weaponry, and space-themed backgrounds

• This collection includes 3728 NFTs

Rebels: Wolfhunters

• Part of the Gellotto NFT Label Project (not launched by the Gelotto team)

• Launched on Stargaze network, may be traded on the Stargaze marketplace

• Artwork includes anthropomorphic wolves with various weaponry, clothing, facial features, and themed backgrounds

• Periodic raffles are conducted in which owners of a selected number of NFTs having selected traits are eligible to win prizes

• This collection includes 550 NFTs

Rebels: Sirens

• Part of the Gellotto NFT Label Project (not launched by the Gelotto team)

• Launched on Stargaze network, may be traded on the Stargaze marketplace

• Artwork includes females with various sea creature features depicted in underwater backgrounds

• Holders and/or stakers of this collection may be eligible for airdrops and other benefits

• This collection includes 1500 NFTs

Werewolves- Blood Tribe

• Part of the Gellotto NFT Label Project (not launched by the Gelotto team)

• Launched on Stargaze network, may be traded on the Stargaze marketplace

• Artwork includes anthropomorphic wolves with various fur, eye, and clothing features, monster companions, and themed backgrounds

• Periodic raffles are conducted in which owners of a selected number of NFTs having selected traits are eligible to win prizes

• This collection includes 1426 NFTs

Orrible Orcs & Ogres (OOO)

• Part of the Gellotto NFT Label Project (not launched by the Gelotto team)

• Launched on the Solana network, may be traded on the Magic Eden marketplace

• Artwork includes orcs with various skin colors, weaponry, and headgear

• This collection includes 1303 NFTs

Future NFT Plans

Gelotto intends to continue to expand its NFT label project by helping new and existing NFT projects to create collections, increase sales, and tie revenue/yield-generation and other use cases to NFTs. One example use case may include the creator of a collection staking GLTO tokens using Gelotto’s Staking-as-the-House platform (possibly staking revenue generated from mints, royalties, etc.) and distributing revenue from the SATH platform to holders of NFTs.

The NFT label project may also target artists who are not extremely savvy regarding NFTs or cryptocurrency and assist these artists in adding NFT collections that feature their artwork to their business model.

Gelotto itself may release additional NFT collections for access to various games and events, or that are associated with new games. For example, the Gelotto Monsters Unleashed and Animal Racing games described above will utilize a large number of NFTs that represent creatures, consumable items, durable items, and so forth.

In the future, Gelotto may also consider revenue-generating NFT collections similar to the Gelotto Series 1-3 collections, but focused on Gelotto’s validators and NFT projects. For example, while holders of Gelotto Series 1-3 NFTs receive revenue associated with Gelotto’s games, other NFT collections may similarly receive a share of the revenue associated with Gelotto’s validators or with mints and royalties for the sale of NFTs.

Gelotto Validators

Current Validators

At the time this document was written, Gelotto operates 15 validators within the Cosmos/IBC ecosystem. These include the following networks:

Archway

Atom (currently not in active set)

Evmos

Huahua

Jackal

Juno

Kuji

Migaloo

Nois

Osmosis

Passage

Rebus

Stars

Stride

Tori

Future Plans

For any of the above validators, incluidng those that are not currently in the active set, Gelotto may request a delegation from the community pools or other appropriate bodies for these networks in exchange for deployment of various Gelotto applications (such as Gelotto Threads, Contract Deployment Tools, various games, etc.) In situations where this is unable to occur or is not a logical extension of Gelotto’s applications, Gelotto may take one or more non-profitable validators offline to conserve costs.

As new Cosmos/IBC networks are created, Gelotto may continue to expand its validator set. Additionally, Gelotto intends to expand into other ecosystems, such as Ethereum and Avalanche, and where logically and financially feasible, Gelotto may pursue validation in those ecosystems as well.

Conclusion

If you’ve read this far, we will give an honest summary of the progress and shortcomings of Gelotto to date, with no flowery language, pulling no punches. Consider it a bonus for slugging through this document.

In a year and a half, Gelotto has built 5 games of chance, a large number of contracts and associated tooling to support these games (many of this tooling having stand-alone utility), a novel staking-as-the-house revenue/expense-sharing platform, reward-distribution tooling, contract deployment tooling, and has just recently deployed an alpha version of an on-chain communication platform. Gelotto has also released 15 NFT collections (and partnered with 9 other collections through the Gelotto NFT Label project), and operates 15 validators in the Cosmos/IBC ecosystem.

We have no intention of stopping.

Cryptocurrency-based gaming is believed by many analysis to be the most “up-and-coming” crypto sector for the next bull market, with gambling-style games likely to be the most popular.

However, Gelotto has also had its share of speedbumps and shortcomings.

While Gelotto is “in the black”, the project has not made enough revenue to hire additional engineers/coders, engage a law firm to generate an official business entity, or hire marketing personnel. With the limited number of hands working, many projects and fixes have been delayed in favor of other projects. For example, both the Mortal Koinbat and GelottoMax games were initially targeted by malicious actors, and while these exploits were quickly addressed, the Mortal Koinbat game remains off-line pending additional fixes to the user interface.

While it would seem like cryptocurrency investors and games of chance are a natural pairing, many cryptocurrency investors are not gamblers at heart. The idea of spending cryptocurrency tokens to play a game where loss is likely, and potentially walking away with zero, is untenable to many investors. As a result, Gelotto games have not yet generated sufficient revenue to fund the Gelotto Grand Prize Game. Going forward, Gelotto’s focus may shift somewhat from games of chance to general-use applications that may be more utilized in the cryptocurrency space. However, long-term, it is Gelotto’s vision to deploy games of chance that are easily accessible to users outside of the cryptocurrency space, who may interact with a website or mobile app while cryptocurrency transactions happen invisibly, behind the scenes – players may not even know they’re interacting with crypto and may simply feel like they’re using a familiar website or application.

While Gelotto has many ambassadors on its team to spread awareness about the project and various events, the Cosmos/IBC ecosystem is only one small slice of the cryptocurrency sector. Trading volume and liquidity for the GLTO token is small, which has prevented GLTO from being listed on CoinGecko and similar sites. The absence of a listing has likely limited knowledge and interest in Gelotto’s cryptocurrency assets.

Big picture, the vast majority of cryptocurrency projects focus heavily on the price of a token and, being perfectly honest, don’t do much and aren’t very useful. The number of crypto networks barely using a tiny fraction of their available blockspace make it very clear that only a very tiny number of applications have large numbers of customers and generate enough revenue to pay the bills.

Gelotto has multiple working products, a dedicated community, and while we aren’t rich yet, Gelotto is in the black. It makes positive revenue. The business model works. It simply needs to be scaled, and as building continues and the community grows, this is likely to happen.

Predictions Made Effortless: Revolutionizing Prediction Markets

In the world of cryptocurrency, prediction markets have always been a fascinating concept. Drawing inspiration from platforms like Polymarket, we plan on introducing a transformation that will simplify prediction markets, making them more appealing to a broader audience.

Say goodbye to intricate shares and limit orders. Gelotto is set to streamline the entire process, allowing users to place bets effortlessly. Whether forecasting election outcomes, sports events, or crypto trends, our user-friendly platform will empower users to express predictions with ease. Users will be able to state their prediction, desired prize amount, or opt for a growth rate, letting Gelotto's automation work its magic.

Dynamic NFTs: Redefining Digital Ownership

In the realm of Non-Fungible Tokens (NFTs), Gelotto is at the forefront of pioneering a new era with dynamic NFTs. These NFTs represent a significant leap in digital collectibles, designed to adapt and evolve based on various triggers and interactions.

Imagine owning an NFT that dynamically responds to in-game actions, evolving storylines, or decisions made by project administrators. Gelotto is committed to pushing the boundaries of innovation, enabling these digital assets to transform and interact within their respective environments.

While Gelotto's collaboration with Stargaze is instrumental in advancing this initiative, it's essential to clarify that our vision for dynamic NFTs extends beyond any singular partnership. While this collaboration contributes to laying the groundwork, Gelotto envisions a future where dynamic NFTs become an industry standard, fostering an ecosystem where digital assets continuously evolve and engage with their surroundings.

G-label: Empowering Artists in the NFT Space

Introducing G-label, Gelotto's pioneering initiative functioning as a beacon for NFT projects and artists. Already home to successful projects like Fortunate Few Staking Club, Rebels NFTs, and Orrible Orcs & Ogres, G-label is poised for expansion in 2024.

At G-label, we won't be just another NFT platform – we'll be a label akin to a music label, championing upcoming talent and projects in the NFT sphere. In the coming year, our dedication will focus on supporting small artists, fostering collaborations, and laying out infrastructure for their success.

Ethereum Migration: Expanding Our Horizons

In a significant move, Gelotto plans on migrating its native token, GLTO, to the Ethereum blockchain as an ERC-20 token. This transition will unlock a world of possibilities, making Ethereum our liquidity layer for enhanced accessibility.

On Ethereum, our primary liquidity pool will thrive on Uniswap, while on the Cosmos network, it will find its place on Osmo/KUJI/ARCH. As part of our cross-chain vision, wrapped GLTO SATH will likely debut on Neutron, our new hub on the Cosmos network.

During this migration, users with staked GLTO will witness a seamless conversion to wrapped GLTO on Neutron. We'll provide the option to choose between wrapped GLTO or native GLTO on Ethereum, offering flexibility in managing transaction fees.

Embracing the Crypto Renaissance

As we step into 2024, Gelotto's vision won't just be a set of plans; it'll be a promise of a thrilling future for crypto enthusiasts. Our commitment to user-friendliness, innovation, and technological advancement will redefine the way we interact with blockchain technology.

Stay tuned for these remarkable transformations as Gelotto leads the charge into a new era of crypto and NFTs. Join us on this epic journey, and let's make 2024 a year to remember. The future of blockchain technology is here, and it's more exhilarating than ever!

This document relates to a smart contract-based platform that enables a group of individual users to provide liquidity to fund expenses and receive revenue associated with transactions between the platform smart contract and other users or contracts. When a user sends liquidity to or withdraws liquidity from the platform smart contract, account data for the user is updated (or created). The account data indicates an amount of liquidity associated with the account at the most recent time the account data was updated.

On each instance that the smart contract expends or receives liquidity due to a transaction, a ledger entry is created or updated. Each ledger entry indicates the total liquidity associated with the smart contract and the amount by which the total liquidity changed due to the transaction.

When a user requests to view the current amount of liquidity associated with that user’s account or requests to add or withdraw liquidity, each ledger entry that was created between the most recent update to the account data for that account and the time the request is received is used to update the amount of liquidity for the account via a synchronization process. Use of a system of ledger entries to update account data at the time when a request is received eliminates the need to continuously track the amount of liquidity associated with each individual account, enabling the platform to be scalable at a low computational cost. Additionally, use of a system of ledger entries enables the amount of liquidity associated with each account to be determined without using separate modules to generate and assign liquidity shares that represent underlying assets, as is commonly used with liquidity pools.

On each instance that a transaction changes the state of the smart contract, the synchronization process may be opportunistically performed to update the amount of liquidity associated with at least one account using the ledger entries. Opportunistic updating of account data in this manner enables future retrieval of information to occur more quickly and with less computational cost, and enables a ledger entry to be deleted once no account remains that has not been updated using that ledger entry, conserving memory and computational resources.

Introduction

Cryptocurrency-based decentralized finance (DeFi) enables many of the roles that have traditionally been performed by banks and centralized financial institutions to be undertaken by other individuals and entities.

One common DeFi application is the exchange of digital assets using a feature known as a liquidity pool. Multiple users may provide assets to a liquidity pool, each user obtaining an ownership share of the assets in the pool. When a transaction to exchange assets occurs, an amount of a first asset is provided into the liquidity pool, and an amount of a second asset that is equal in value to the amount of the first asset is removed from the liquidity pool. Most liquidity pools are configured to retain a fee for each transaction that is performed. Liquidity pool fees are typically divided among the users that provided assets, proportional to the amount of assets that each user provided relative to the total amount of assets in the liquidity pool. By providing liquidity to a liquidity pool, users may perform the roles traditionally performed by a bank or currency exchange: expending liquidity to fund transactions (such as currency exchanges) and receiving revenue associated with those transactions.

Liquidity pools typically track the amount of liquidity owned by each user through use of a specialized module that creates virtual tokens representing ownership shares of the liquidity pool. Each liquidity pool token represents a certain amount of underlying assets within the liquidity pool, that amount based on the total amount of assets in the liquidity pool and the total number of liquidity pool tokens that exist. The specific assets represented by a liquidity pool token therefore change each time that liquidity is added to or removed from a liquidity pool, and each time that a transaction is performed using the assets in the liquidity pool. The known underlying value of a liquidity pool token enables the amount of assets associated with an individual user to be continuously tracked based on the number of liquidity pool tokens that user owns.

We propose an alternative platform for enabling decentralized funding of transactions, and sharing in the revenue from transactions: a system of user accounts and ledger entries. This platform eliminates the need for a separate virtual asset, such as a token representing ownership shares for a pool of assets, and eliminates the need for specialized software for creating, destroying, and tracking the value of these separate virtual assets. Instead, changes in user-provided liquidity are recorded using account data, and changes in platform liquidity due to transactions are recorded using ledger entries. Account data is synchronized with ledger entries on-demand, such as when a user requests to view or withdraw liquidity. Computational efficiency may be improved by opportunistically synchronizing account data with ledger entries on each occasion that a contract state is changed, deleting deprecated ledger entries, and selectively updating existing ledger entries rather than creating new ledger entries when account data has not changed. The platform may therefore retrieve and update data quickly, on an as-needed basis rather than continuously tracking values, using comparatively small amounts of computational resources.

One example use case for this platform includes functioning as a source of funding for cryptocurrency-based games of chance (as “the house”). When a game of chance is played and won, user-provided liquidity may be used to provide winnings to the winning player, and the users that provided liquidity to the platform may share in the expenditure proportionally based on the amount of assets provided by each user. When a game of chance is played and lost, this loss may be added to the liquidity for the platform as revenue and distributed proportionally among the users in a similar manner.

In addition to this example use, the platform described herein may be used in conjunction with any type of transaction for which it is desirable to distribute expenses or revenue among users that have provided liquidity for this purpose.

Overview

(Link to Github)

The revenue and expense-sharing platform described in this paper may function as one or multiple smart contracts on any network capable of supporting the contract(s). To use the platform, a user may send a selected quantity of assets from a wallet to a designated smart contract (the “platform smart contract”). Based on the wallet address or other identifiable information, account data for that user may be accessed if such data exists, then updated using any ledger entries that have not yet been used to update the account, and further updated based on the amount of assets sent to the smart contract. If account data does not exist, such as when a user provides assets to the platform smart contract for the first time, account data may be created at that time.

The account data for a particular account may include:

• a wallet address or other identifier that is usable to distinguish a particular account from other accounts

• a total amount of liquidity provided by the user

• an amount of liquidity currently associated with the account (after the platform has spent or received liquidity and the account data has been synchronized based on ledger entries for one or more transactions)

• a sequence number or other identifier that indicates the latest ledger entry with which the account data has been synchronized

A user may remove assets from the platform using a similar process: A request to withdraw assets is received, the account data for the wallet address of the user is accessed, and the amounts of liquidity indicated in the account data are updated using any ledger entries that have not yet been used to synchronize the account. In some cases, all liquidity associated with an account may be withdrawn using this process. In other cases, the request may indicate a specified quantity of liquidity, a determination may be made that sufficient liquidity (greater than or equal to the selected quantity) is indicated in the account data, and the selected quantity of assets is then sent from the platform smart contract to the requesting wallet address.

When a transaction associated with the platform occurs, this transaction may result in an expense (removal of liquidity from the smart contract) or revenue (addition of liquidity to the smart contract). When the transaction occurs, a ledger entry may be created, or an existing ledger entry may be updated, that indicates the state of the smart contract and the change in liquidity that occurred due to the transaction.

A ledger entry may include:

• a sequence number or other identifier that is usable to distinguish a particular ledger entry from other ledger entries (typically an integer, N+1, that is greater than the sequence number of the preceding ledger entry, N)

• a total amount of liquidity that has been provided to the platform smart contract

• a current amount of liquidity associated with the platform smart contract (after the platform has spent or received liquidity)

• a change in liquidity associated with the transaction or set of transactions represented by the ledger entry

• a reference counter that indicates the number of user accounts having liquidity associated with the platform smart contract at the time the ledger entry was created

A new ledger entry may be created if the total amount of liquidity that has been provided to the smart contract has changed. For example, if a user has added liquidity to or removed liquidity from the platform since the previous ledger entry was created, a flag or value for the platform may be updated to indicate that a change in account data occurred. In such a case, the total amount of liquidity that has been provided would differ from the amount indicated in the previous ledger entry, and a new ledger entry may be created that includes the information indicated above. However, if no change in account data has occurred, the total amount of liquidity that has been provided would not differ from the amount indicated in the previous ledger entry. Creation of a new ledger entry would not be necessary in that case, because the portion of the total liquidity associated with each user account has not changed. In such a case, the most recent ledger entry may be updated by combining the change in liquidity associated with the most recent transaction with the change in liquidity indicated in the most recent ledger entry. By creating a new ledger entry only when the total amount of liquidity has changed, the total number of ledger entries may be retained to the minimum amount necessary, which may conserve time and computational cost associated with future synchronization of account data with ledger entries.

When a user requests to withdraw liquidity from the platform, a synchronization process is performed in which the sequence number for that user’s account is compared to the sequence numbers for the ledger entries. Each ledger entry having a sequence number that is greater than the number associated with the user account represents a change in liquidity that has not yet been reflected in the account data for that account. Through the synchronization process, each ledger entry having a sequence number greater than the sequence number associated with the account is used to sequentially update the amount of liquidity for the account.

For each ledger entry having a sequence number greater than the sequence number associated with the account:

• the portion of the platform liquidity owned by the account is determined by dividing the current account liquidity indicated in the account data by the current platform liquidity indicated in the ledger entry

• the change in liquidity owned by the account is determined by multiplying the change in liquidity indicated in the ledger entry by the number determined above

• the current amount of liquidity associated with the account is updated in the account data

• the sequence number associated with the account data is incremented by one

• the reference counter associated with the ledger entry is decremented by one

• this process is repeated for each subsequent ledger entry until the sequence number for the account data is equal to the sequence number of the latest ledger entry

After the above process has been completed, the account data for the user’s account has been synchronized with each ledger entry and indicates the current amount of liquidity associated with the account, which may be withdrawn.

When a user requests to view the amount of liquidity associated with that user’s account, such as through use of a webpage or other type of interface, a similar process to the above may be performed. However, because the state of the smart contract is not accessed and changed as a result of this request, this process may be a read-only process. In such a case, the calculations above may be performed to determine an amount of liquidity to be displayed in an interface, but the account data and ledger entries would not be modified through the read-only process.

To reduce the time and computational resources used when a user requests to withdraw liquidity or view the amount of liquidity associated with that user’s account, the synchronization process described above may be opportunistically performed for one or more accounts when other processes are performed that change the state of the platform smart contract.

For example, a queue of accounts may be maintained, and on each instance that a transaction occurs, in addition to creating or updating a ledger entry or account data based on the transaction, the synchronization process described above may be performed for the first account in the queue. The account may then be moved to the end of the queue. By synchronizing at least one account on each instance that a transaction occurs, at a future time when a user requests to withdraw liquidity, add liquidity, or view the amount of liquidity associated with that user’s account, a smaller number of ledger entries that were created after the most recent synchronization of the account will exist. This enables the current amount of liquidity associated with an account to be determined more quickly and at a lower computational cost. Use of a queue of accounts, in which an account is moved to the end of the queue after being synchronized, increases the likelihood that an account synchronized in this manner will be an account that has not recently been synchronized.

As noted above, when a ledger entry is created, the ledger entry includes a reference counter that indicates the number of accounts that have liquidity associated with the platform at the time of creation of the ledger entry. Each time that the ledger entry is used to synchronize an account, the reference counter is decreased by one. When the reference counter reaches zero, this indicates that no account data remains that has not been updated based on that ledger entry. Therefore, once a reference counter for a ledger entry reaches zero, retaining that ledger entry is no longer necessary and the ledger entry may be deleted, conserving memory and computational resources.

The platform described in this paper therefore enables a user to provide liquidity to a platform, receive a share of revenue or expenses associated with various transactions, and view or withdraw a current amount of liquidity associated with that user’s account, without requiring use of specialized modules that create virtual tokens representing underlying assets or continuously tracking the amount of assets associated with each account. Instead, a sequence of ledger entries that indicate changes in liquidity for the platform is maintained, which uses a comparatively small amount of memory and computational resources by enabling current amounts of liquidity for accounts to be determined on an as-needed basis, enabling the system to be scalable. Creating new ledger entries only at times when liquidity associated with one more accounts has changed (while updating the most recent ledger entry at times when account data has not changed), opportunistically synchronizing at least one account with the ledger entries each time the platform smart contract changes state, and tracking and removing ledger entries that are no longer needed for future synchronization processes enables the platform to operate quickly, in a scalable and computationally efficient manner.

Account Creation and Addition of Liquidity

A user account may be created, or the amount of liquidity associated with an account may be increased, when a wallet address is used to send assets to the platform smart contract. The wallet address may be used as a unique identifier to differentiate an account from other accounts, though it is also possible to use a different identifier in addition to or in place of the wallet address.

When an amount of liquidity is received from a wallet address, a determination may be made whether account data currently exists for that wallet address (or a corresponding identifier). If account data exists, that account data may be retrieved. Otherwise, new account data may be created.

Account data for each account includes:

• A wallet address or other unique identifier associated with the account

• A total amount of liquidity that has been provided by the wallet address

  • If the account data is newly-created, this amount will be equal to the amount of liquidity currently sent by the wallet address

  • If the account data is preexisting, this amount will be equal to the sum of the previous total liquidity and the amount currently sent

• A current amount of liquidity associated with the wallet address

  • If the account data is newly-created, this amount will not yet exist

  • If the account data is preexisting, this amount may differ from the total amount of liquidity due to one or more transactions associated with the platform that resulted in adding or removing liquidity associated with the account

• A sequence number representing the latest ledger entry used to synchronize the account data

  • If the account data is newly-created, this number will initially be set as equal to the sequence number of the most recent ledger entry

  • If the account data is preexisting, this number may be less than or equal to the sequence number for the latest ledger entry

Before the current amount of liquidity associated with the account data is updated based on the liquidity received from the wallet address, a synchronization process is performed to update the preexisting current amount of liquidity based on any ledger entries that have not yet been used to synchronize the account data.

If the sequence number for the account data is currently equal to that of the latest ledger entry, which may occur for a newly-created account or an existing account that has been previously synchronized using the most recent ledger entry, the amount of liquidity received from the wallet address may be added to the existing current amount of liquidity to determine an updated current amount of liquidity for that account.

If the sequence number for the account data is not equal to that of the latest ledger entry, the account data is synchronized using each ledger entry that has not yet been used to synchronize the account data to determine the current amount of liquidity associated with the account data. Then, the amount of liquidity received from the wallet address may be added to the synchronized current amount of liquidity to determine an updated current amount of liquidity for that account.

After the account data for a user account is created or updated, a flag or value for the platform smart contract may be updated to indicate that a change in liquidity associated with a user account occurred. This flag or value may cause the smart contract to generate a new ledger entry on the next instance that a transaction occurs, rather than updating the most recent ledger entry.

Optionally, because the addition of liquidity to the platform smart contract is a transaction that resulted in a change in state of the platform smart contract, account data for one or more additional accounts may also be opportunistically synchronized. For example, a queue may be maintained and the account data indicated at the top of the queue may be synchronized using any ledger entries that have not yet been used to synchronize the account data. That account data may then be placed at the end of the queue. The account data associated with the wallet address that provided additional liquidity may also be placed at the end of the queue since the account data was synchronized as part of the process to add liquidity.

Transactions that Affect Platform Smart Contract Liquidity

The liquidity that has been provided to the platform smart contract by one or more users may increase or decrease as a result of various transactions associated with the platform. For example, the total liquidity associated with the smart contract may decrease if expended to pay an expense associated with a transaction. The total liquidity may increase if revenue is received as a result of the transaction.

As described previously, an example use case may include use of liquidity associated with the platform smart contract as a source of funding for cryptocurrency-based games of chance. When a game of chance is won by a player, total liquidity associated with the smart contract may decrease as liquidity is expended to provide an amount of assets that have been won to the wallet address of the winning player. When a game of chance is lost by a player, total liquidity associated with the smart contract may increase as assets spent by the player to participate in the game of chance are added to the liquidity associated with the smart contract. Changes in liquidity that occur as a result of such transactions are allocated to the users that provided liquidity to the smart contract, proportional to the amount of liquidity associated with each user’s account.

While funding for cryptocurrency-based games of chance is presented as one example use, any transaction that may result in revenue or an expense may be supported using the system described in this document.

When a transaction occurs that results in a change in total liquidity for the platform smart contract, a determination is made whether liquidity associated with an account has changed since the most recent ledger entry was created. As described previously, if liquidity has been added to or removed from an account, resulting in a change in account data for that account, a flag or other type of value may be toggled or incremented to reflect this change.

If liquidity has been added to or withdrawn from one or more accounts since the most recent ledger entry was created, a new ledger entry may be created, and the flag or value used to indicate the change in account data may be toggled or incremented to remove the indication of a change in account data. If account liquidity has not changed since the most recent ledger entry was created, the most recent ledger entry may instead be updated based on the change in liquidity associated with the transaction.

A ledger entry may include:

• A sequence number or other unique identifier

  • Sequence numbers for ledger entries may be a set of integers, with each ledger entry being assigned a sequence number that is one greater than the sequence number for the preceding ledger entry

• A total amount of liquidity that has been provided to the platform smart contract

• A current amount of liquidity associated with the platform smart contract (after increases or decreases in liquidity associated with previous transactions)

• A change in liquidity associated with the current transaction (or a set of transactions if an existing ledger entry has been updated due to one or more subsequent transactions that occurred after its creation)

• A reference counter

  • When a ledger entry is created, a reference number is assigned that is equal to the number of accounts that have added liquidity to the platform smart contract

  • On each instance that the ledger entry is used to synchronize an account, this number is decremented

  • When this number reaches zero, it is possible to delete the ledger entry since all accounts have been synchronized based on the information in the ledger entry

If a new ledger entry is created:

• The ledger entry may be assigned a unique sequence number (typically an integer that is one greater than the sequence number of the previous ledger entry)

• The total liquidity indicated in the new ledger entry may be determined based on the total liquidity associated with each account including any change(s) in account data that have occurred after creation of the previous ledger entry

• The current liquidity indicated in the new ledger entry may be determined based on the current liquidity indicated in the previous ledger entry, the change in liquidity associated with the transaction indicated in the previous ledger entry, and the change(s) in account data that occurred after creation of the previous ledger entry

• The change in liquidity associated with the current transaction may be determined based on the transaction in response to which the ledger entry was created

• The ledger entry may be assigned a reference value equal to the number of accounts that have provided liquidity to the platform smart contract at the time the ledger entry is created

If an existing ledger entry is updated:

• The sequence number, total liquidity, current liquidity, and reference value may remain unchanged

• The change in liquidity associated with the transaction may be updated by summing the existing change in liquidity with the change associated with the current transaction

  • The resulting change in liquidity may therefore be indicative of changes associated with multiple transactions

Optionally, because a transaction occurred that resulted in a change in state of the platform smart contract, account data for one or more accounts may also be synchronized after creating or updating a ledger entry. As described previously, a queue may be maintained and the account data indicated at the top of the queue may be synchronized using any ledger entries that have not yet been used to synchronize the account data. That account data may then be placed at the end of the queue.

Synchronization

The synchronization process described in this paper enables liquidity amounts for specific accounts to be determined as-needed, without continuously tracking the amount of liquidity associated with an account, as an alternative to use of separate modules to generate and assign liquidity share tokens that represent underlying assets. This synchronization process is performed on each occasion that the platform smart contract changes state, such as when the liquidity associated with the smart contract changes as a result of a transaction.

Opportunistically performing this process at times when another transaction occurs enables the benefits of the synchronization process to be obtained without incurring the computational cost associated with separately initiating the synchronization process. Additionally, performing this process on each instance that a transaction occurs may result in frequent synchronization of accounts, which may enable subsequent requests to withdraw or view liquidity associated with an account to be performed more quickly and at a smaller computational cost, and may enable ledger entries to be deprecated and deleted more quickly.

When a transaction that changes the state of the smart contract occurs, the liquidity associated with the contract may change. For example, when a transaction results in the contract expending liquidity to pay an expense for an associated project or receiving liquidity as revenue from the associated project, the synchronization process may be performed for at least one account after completion of this transaction. As described previously, one example of such a transaction may include completion of a game of chance, after which the smart contract may spend liquidity to provide winnings to the player if the game was won, or receive liquidity from the assets spent to participate in the game if the game was lost. Other transactions that may change the state of the contract include the addition or withdrawal of liquidity by a user.

After a transaction has been performed, a ledger entry may be created or updated indicating the total and current liquidity for the smart contract and a change in liquidity associated with the transaction. After the addition or removal of liquidity by a user, account data for the associated user account may be created or updated. The synchronization process may be initiated after either of these processes have been completed.

An account may be selected for synchronization through use of a queue. For example, a queue of accounts may be maintained, and on each instance that the synchronization process is performed, the account indicated at the top of the queme may be synchronized. The synchronized account may then be placed at the bottom of the queue. It is also possible to use other methods for selection of an account for synchronization, such as selecting an account randomly, or selecting based on other characteristics such as account age, amount of liquidity associated with an account, or recent activity associated with the account.

As described previously, each ledger entry includes a unique sequence number, and account data for each account includes a sequence number indicating the most recent ledger entry that was used to synchronize the account.

In cases where the sequence number indicated in the account data is equal to the sequence number of the most recent ledger entry, this indicates that the account is currently synchronized with the most recent transaction(s) and the current amount of liquidity indicated in the account data is accurate.

If the sequence number indicated in the account data is not equal to the sequence number of the most recent ledger entry, this indicates that the account is not currently synchronized with the most recent transaction(s).

In such a case, the account data may be synchronized by:

• Accessing the ledger entry having a sequence number immediately following the sequence number associated with the account data

• Determining the portion of the platform smart contract liquidity attributable to the account

  • This may be determined by dividing the current amount of liquidity for the account indicated in the account data by the current amount of liquidity for the platform indicated in the subsequent ledger entry

• Determining the portion of the change in liquidity for the ledger entry that is attributable to the account

  • This may be determined by multiplying the change in liquidity indicated in the ledger entry by the portion of the smart contract liquidity determined above

• Updating the current amount of liquidity associated with the account data

  • This may be determined by summing the current amount of liquidity indicated in the account data with the portion of the change in liquidity determined above

• Incrementing the sequence number for the account data to reflect that the account data has been synchronized with the subsequent ledger entry

• Decrementing the reference value for the ledger entry to reflect that an account has been synchronized using the ledger entry

• Repeating this process for each ledger entry until the sequence number for the account data is equal to the sequence number for the most recent ledger entry, at which point the account data has been synchronized with the most recent transaction(s)

Because a subsequent transaction may cause the most recent ledger entry to be updated rather than the creation of a new ledger entry, the synchronization process described above may be initiated by decrementing the sequence number for the account data so that the final ledger entry is not used during the synchronization process. This allows subsequent updates to the final ledger entry to occur while the ledger entry remains available for future synchronization with the account. However, when a request to withdraw liquidity associated with the account is received, the final synchronization process that is performed may omit this step so that the most recent ledger entry is used to determine the current amount of liquidity for the account prior to attempting to transfer liquidity from the platform smart contract to the requesting wallet address.

Viewing Liquidity

To allow users to view amounts of liquidity associated with an account without changing the state of the platform smart contract, an interface may be provided that presents information from the contract obtained using read-only processes. In such a case, the synchronization process described above may be performed in memory to determine the information presented in the interface, but the ledger entries and account data associated with the read-only process may remain unchanged.

For example, when a request to view an amount of liquidity associated with an account is received:

• The account data associated with the requesting wallet address is accessed

• The ledger entry having the sequence number immediately following the sequence number associated with the account data is accessed

• The portion of the platform smart contract liquidity associated with the account is determined, as described above

• The portion of the change in liquidity for the ledger entry that is attributable to the account is determined, as described above

• A current amount of liquidity associated with the account data based on this change in liquidity and the amount of liquidity indicated in the account data is determined and stored in memory

  • Because the state of the platform smart contract is not changed, the account data is not updated and this value is instead stored in memory

  • The sequence number for the account data and the reference value for the ledger entry are also not changed for this reason

• This process is repeated for each ledger entry having a sequence number greater than that of the account data until each ledger entry has been used to update the stored value for the current amount of liquidity

• The determined amount is then displayed in an interface

Because the determination of an amount of liquidity to display in an interface is a read-only process, the state of the platform contract is not changed, and a synchronization process for one or more accounts would not be opportunistically performed in conjunction with this process.

Withdrawal of Liquidity

Withdrawal of liquidity associated with an account may operate similarly to the addition of liquidity. When a request to withdraw liquidity is received from a wallet address, account data for that wallet address is accessed. (Because withdrawal of liquidity requires an existing account having a positive amount of liquidity, a request to withdraw liquidity would fail if no existing account data indicating positive liquidity for that wallet address is present.)

Once the account data associated with a request is retrieved, a synchronization process may be performed. As described previously, if the sequence number for the account data is currently equal to that of the latest ledger entry, this indicates that the account has been previously synchronized using the most recent ledger entry. If the sequence number for the account data is not equal to that of the latest ledger entry, a synchronization process is performed to determine the current amount of liquidity associated with the account data using each ledger entry that has not yet been used to synchronize the account data.

After the synchronization process has been completed and the current amount of liquidity associated with the account has been updated, a determination may be made that the amount of liquidity associated with the account is greater than or equal to the requested amount of liquidity for withdrawal. If the amount of liquidity associated with the account data does not equal or exceed the requested amount, the request may fail and the account data may remain unchanged. If the amount of liquidity associated with the account data equals or exceeds the requested amount, the requested amount of liquidity may be transferred to the requesting wallet address, and the account data may be modified by subtracting the requested amount of liquidity from the current amount associated with the account data. A flag or value associated with the platform may then be updated to indicate that the liquidity amount associated with an account had changed so that when the next transaction occurs, a new ledger entry may be created rather than updating the most recent ledger entry.

In some cases, the platform may be configured to permit a request to withdraw all available liquidity to be submitted. Alternatively, the platform may be configured to only permit requests to withdraw all available liquidity associated with an account. In such cases, after the synchronization process has been completed, all liquidity associated with the account data may be transferred to the requesting wallet address, and the step of determining that the liquidity associated with the account data equals or exceeds that associated with the request may be omitted.

Optionally, because the withdrawal of liquidity from the platform smart contract is a transaction that resulted in a change in state of the platform smart contract, account data for one or more additional accounts may also be opportunistically synchronized. For example, a queue may be maintained, and the account data indicated at the top of the queue may be synchronized using any ledger entries that have not yet been used to synchronize the account data. That account data may then be placed at the end of the queue.

Configurable Parameters

Based on the intended use of the platform, the platform may be configured to limit the amount of liquidity that may be provided by a user in a single addition, the total amount of liquidity that may be associated with a single account, the total percentage of liquidity for the platform that may be associated with a single account, and so forth. It is also possible to restrict deposits to specific amounts of liquidity, such as a selected fixed amount, a set of fixed amounts (e.g., multiples of 1000), etc. Deposits of liquidity may also be time-limited, such as by restricting additions from the same wallet address to one addition per day, week, or other time period.

Similarly, the platform may be configured to limit the amount of liquidity that may be withdrawn in a single withdrawal, or as described previously, the platform may be configured to only permit withdrawals of all liquidity associated with an account. Withdrawals may also be limited to fixed amounts or sets of fixed amounts. Additionally, withdrawals may be time-limited. For example, after initiating a withdrawal, tokens may be accessed after passage of a selected period of time, such as five days.

Additions and withdrawals of liquidity may also be throttled, such as by restricting the number of liquidity transactions or attempted transactions that may occur within a selected period of time.

The platform may be configured to divide revenue associated with accounts. For example, a percentage of the revenue accrued by an account may be added to the account data for that account, while the remainder may remain separately accessible to the user associated with that account. As one example, liquidity indicated in the account data may be used to calculate revenue and expenditures associated with the account while the separately-accessible liquidity may not. Liquidity indicated in the account data may be withdrawn after a selected period of time, while the separately-accessible liquidity may be accessed immediately.

In a similar manner, portions of revenue or expenses may be routed for various purposes, sent to specific wallet addresses or smart contracts, used to fund other transactions, and so forth.

Transactions associated with the platform smart contract may be similarly limited. For example, a particular source of transactions, such as smart contract associated with a game of chance, may only be permitted to access a fixed amount of liquidity associated with the platform smart contract, or a selected percentage of the liquidity. Similarly, a source of transactions may be prevented from accessing the platform smart contract more than a selected number of times within a given time period.

Conclusion

We have proposed a platform for enabling a group of users to fund expenses and receive revenue from transactions associated with a platform smart contract. Using a system of ledger entries that record the changes in platform liquidity for each transaction, the liquidity associated with individual user accounts may be determined on an as-needed basis through an iterative synchronization process. This process is readily scalable and uses less time and computational resources compared to systems that continuously track amounts of liquidity associated with user accounts. Optimizations of this process, such as opportunistic synchronizing of accounts each time the platform smart contract changes state due to a transaction, and removal of ledger entries after each preexisting account has been synchronized using those entries further increases scalability and computational savings.

Gelotto and GLTO token

With GLTO token as digital fuel, Gelotto offers a range of thrilling games, passive income opportunities, and a sense of community that promises to redefine the online gaming experience. As Gelotto continues to evolve and expand its offerings, it stands as a beacon of innovation in an ever-changing landscape. Gelotto is 100% on-chain, has a doxxed team, and is open-source.
Read more here

What’s the Gelotto Pioneer Program?

Imagine a platform where your ideas, skills, and passion can directly influence a brand's trajectory. That's the Pioneer Program in essence. We believe that the heart and soul of Gelotto is within our community. That's why we're giving you an opportunity to be our guiding star.

Embark on Quests & Earn Big!

With the introduction of the Zealy Quest Board, every member gets the opportunity to embark on various quests. From identifying bugs to crafting engaging content and boosting community involvement, there's a quest tailored for everyone. And guess what? Every quest you complete doesn’t just earn you Experience Points (XP) but translates directly to our native cryptocurrency, GLTO!

Yes, you read that right – 1 XP equals 1 GLTO!

Climb the Ranks & Earn Greater Rewards!

As you embark on this adventure, your contributions will elevate you through three exciting tiers:

Rookie (Tier 1): Your first step into the Gelotto universe. Dip your toes, and see the wonders awaiting!

Pioneer (Tier 2): Here's where the magic amplifies. Dive deeper, contribute more, and enjoy enhanced privileges.

Pioneer Master (Tier 3): Stand atop the Gelotto universe, with unmatched involvement and the best rewards in store.

To show appreciation, we've introduced seasonal airdrops of GLTO tokens. The higher your tier, the more GLTO you stand to gain from these airdrops.

Why You Should Join?

• Directly Shape Gelotto’s Future: Your insights, skills, and passion can define our direction.

• Tangible Rewards: Earn GLTO tokens for every contribution you make. Let your efforts be rewarded!

• Exclusive Community Access: Engage with an elite community of like-minded visionaries.

Conclusion

We're not just launching a program; we're pioneering a future. The Gelotto Pioneer Program celebrates each member's unique vision, recognizing our passionate community's power. We invite you to step into this thrilling chapter with us, where every quest you undertake, every XP earned, and every GLTO token pocketed, brings us closer to a collective vision.

Are you ready to redefine the gaming landscape? If so, then gear up, dive in, and let's shape the future of Gelotto together!

Join the Gelotto Pioneer Program NOW and become an architect of Gelotto's history!

Get started by joining Discord

Gelotto's unique approach to blockchain is poised to redefine the way we perceive both passive income and traditional casino operations in Web 3 and beyond.

View the whitepaper.

View the 2024 updated roadmap

Live Games

NFT Raffles:

Create your own NFT Raffle or buy tickets and win an NFT at a fraction of the cost.

Legacy Lotteries:

The classic lottery experience gets a digital touch. Players can use GLTO to buy tickets and have a chance to win big. Enjoy an enticing blend of the traditional lottery experience infused with the security and transparency of blockchain technology.

Gelotto Max :

Powerball-style lottos where you can supercharge your lottery experience with bigger jackpots and heightened thrills. Pick 1, Pick 3, Pick 4 and Pick 5 Lottos.

Mortal Koinbat:

Think coinflip, but with a Gelotto twist. Players can engage in thrilling coinflip battles, competing for GLTO and other valuable prizes.

Poker

Join our Discord for more information on daily, weekly, and monthly poker games.

Fantasy Football

While the Fantasy Football season is underway, you can still earn passive rewards with our Gelotto Football League 2023 NFTs.

Sports Squares

Football and Basketball sports squares are LIVE. This game allows you to predict the winning scores from a grid of squares.

Discord Casino

The Discord Casino is OPEN! Participation is available to all by claiming the Discord Casino role. VIPs and Owners can also claim extra free chips. For those who love to compete, you can pick up the current season of Discord Casino NFT on Stargaze. The Discord Casino NFTs allow the holder to claim a larger amount of chips and compete for thousands of dollars in prizes.

Games in Beta Testing

Prediction Market

Animal Racing

Beast

Understanding the Gelotto Token GLTO

Gelotto isn't just another platform; it's a revolution. At its core is GLTO, Gelotto's proprietary cryptocurrency. This isn't just another coin to trade; it's the engine that powers the entire Gelotto experience, driving transactions and offering users a way to earn passively. GLTO is a non-inflationary token and all rewards are from real yield.

Gelotto is the pioneering Casino built on Cosmos, soon to be interoperable with ETH. ETH will become the liquidity layer for Gelotto, with the Cosmos ecosystem serving as the application layer, seamlessly bridging these two massive ecosystems!

Beyond Gaming: Earning GLTO Passively from Real Yield

Gelotto Shoppe NFT Ownership

Become a VIP and earn Monthly passive income for holding any Series 1, Series 2 or Series 3 Gelotto Shoppe NFTs. Holding a 1:1 from any of these 3 collections will grant the Owner role, allowing for even more passive income and other amazing benefits.

Staking-as-the-house

SATH allows holders of the GLTO token to participate in the Gelotto platform by playing the role of "the house". When holders stake their GLTO as the house, this pool of GLTO becomes the house's money, against which games of chance are played. When a game against the house is won, GLTO is taken from each of the stakers (proportional to the amount of each stake relative to the total amount of GLTO in the pool) and sent to the winning player. When a game against the house is lost, the GLTO that was bet by the losing player is distributed to each staker (proportional to the amount of each staker's stake, as above). More information.

Beyond Gaming: Gelotto's NFT Label

Bridging the gap between traditional artists/content creators and Web3. We're here to offer the tools, mentorship, and resources to empower not just creators, but the next-gen of iconic brands.

Beyond Gaming: Gelotto's Validators

Part of Gelotto's mission is to secure multiple blockchains and to promote decentralization. Gelotto will expand active validator sets in the Cosmos ecosystem and beyond!

Conclusion

Gelotto is more than just a gaming platform. With GLTO as its digital fuel, it offers a range of thrilling games, passive income opportunities, and a sense of community that promises to redefine the online gaming experience. As Gelotto continues to evolve and expand its offerings, it stands as a beacon of innovation in an ever-changing landscape. Gelotto is 100% on-chain, has a doxxed team, and is open-source.

Ready to be part of this game-changing revolution? Join Gelotto today and embark on an adventure where every win is a shared celebration!

Join Our Discord to find out more

A Strategic Blueprint for JUNO's Revival

To address this, we present a comprehensive 90-day plan aimed at revitalizing JUNO's trajectory. This strategy targets key areas to ensure we have sufficient time and resources for the JUNO working group to develop an organizational structure capable of future-proofing JUNO.

1. Ensuring Financial Stability: Our first priority is to halt the drain on JUNO's resources. We aim to establish a long runway, ensuring JUNO thrives as a vibrant and profitable ecosystem.

2. Building an Effective Organizational Structure: We are committed to working with the JUNO working group to devise an organizational structure that promotes economic prosperity. A healthy leadership team will continually explore avenues for JUNO's profitability, ensuring rewards for the ecosystem's stakeholders: holders, stakers, community members, projects, and more.

3. Harnessing the Power of Web2 Developers: JUNO's strong point lies in its position as an affordable hub for experimentation. By attracting more traditional Web2 developers and supporting them through mentorship, financial assistance, and resource availability, we can drive innovation at a rapid pace. This step is crucial to transitioning JUNO from its current phase to a mature, self-sustaining blockchain.

Immediate Areas of Focus

To implement these changes effectively, we need to understand that time is of the essence. Every day without a clearly defined team, vision, or mission brings JUNO closer to a point of no return. To get JUNO back on track, Gelotto, as one of the active contributors, proposes the following areas of focus:

1. Reducing Gas and Increase Supporting Developers: Lower gas levels to ensure JUNO remains an experimentation hub. Study gas impact, devise gas-reducing infrastructure, and increase gas levels gradually over time. We must support builders and creators who can invigorate our ecosystem. Let's cease the habit of sponsoring and attending traditional Web3/Cosmos conferences, and instead, focus our resources on Web2 events and institutions to attract developers.

2. Re-evaluating the Validator Set: In a pressing need to reform our network architecture, we must critically re-evaluate the validator set. It's not just about size, but also the efficiency and cost-effectiveness of our operations. Most validators who aren't at the top are currently in a loss-making scenario, while our JUNO block space is significantly underutilized. The continuous token printing to pay these validators is not only unviable but also considerably shortens the JUNO runway. So, we propose to initially reduce the validator set to 100 and subsequently to 75. As pointed out by Reece, this reduction won't significantly affect the Nakamoto coefficient, yet it will help to reduce overhead and pave the way for easier, faster block times. The question remains - why should we cause people to lose money and waste JUNO when having a smaller validator set will be better, faster, and cheaper?

3. Re-evaluating validator delegation: As we embark on this change, we will also assess the current CORE delegation to validators. Our aim is to ensure that it's distributed fairly among active teams and infrastructure providers, acknowledging the efforts of many commendable validators currently placed in the bottom half:

   * Nodes Guru
   * Don Cryptonium
   * Architect Nodes
   * CryptoDungeon
   among others, has made significant contributions to our community. It's time their efforts are rewarded suitably. This unfair positioning is a malpractice we intend to correct.

4. Restoring JUNO's Purity: JUNO's credibility was hit when it took away user funds following Prop 16 (https://www.mintscan.io/juno/proposals/16) debacle. We must restore trust and ensure that JUNO's ledger remains immutable. This includes reversing prop 16. we can never move past things until we make JUNO pure again. Many people including the Whale of Prop 16, have gamed the airdrop. Unfortunately, human nature for greed is powerful sometimes but that does not give us the right to get away from blockchain ethos, an immutable chain. JUNO will never reverse the will of the ledger again.

5. Revising Core 1 Vestings: We propose a comprehensive review of all CORE 1 vestings and cancellation of any vesting for members not actively contributing to JUNO's growth.

6. Adjusting JUNO Slash Fraction Downtime: We advocate reducing JUNO Slash Fraction Downtime to 0.00%, aligning with models like OSMOs that have proved effective. Why should community funds be burnt if a validator goes offline?

7. Improving JUNO Block Times: The ultimate goal is to make JUNO block times as fast as possible without compromising the integrity of the chain. This measure will significantly enhance user experience and system performance.

Gelotto’s Role in JUNO's Revitalization

Gelotto brings to the table a profound understanding of the situation at hand and the humility to seek the right experts' advice. Our focus is on transparency, community input, and making blockchain more accessible for everyone while building robust value-capture mechanisms. Our ultimate goal is to transform JUNO into a community-owned and driven modern app store, reminiscent of giants like Google and Apple.

Conclusion

This 90-day plan is not just a survival strategy; it is a roadmap for growth and prosperity. As JUNO enters a new phase of its lifecycle, we must remember that its strength lies in its community. We need to harness this strength, focusing on attracting and rewarding contributors to the community and developing high-quality applications that add value to the JUNO network.

The question for JUNO is no longer if we can reform, but how swiftly we can initiate this change. As we navigate this course, the ultimate aim remains the same: build a better future for JUNO, its community, and its stakeholders.

• Gelotto Events

• Dev Update

• Games

• Delegate With Gelotto

Gelotto Events

Gelotto Monsters Unleashed

Let me introduce you to our $BEAST Airdrop and upcoming P2E game.

We're thrilled to unveil Gelotto Monsters Unleashed, our latest P2E game that lets you battle, breed, and customize unique monster/hunter duos!

Starting as an engaging card battler, Gelotto Monsters Unleashed will soon evolve into a mesmerizing open-world online experience. The real game-changer? On-chain NFT transformations, allowing your NFTs to change in appearance, feel, and value without any burning!

Don't miss out on this incredible journey! We invite you to explore our V1 whitepaper for a deep dive into our innovative gaming experience:

Stay tuned for updates, and as always, thank you for being a part of the Gelotto community! Together, we'll create unforgettable gaming experiences!

Gelotto Series 2 Minted out / Series 3 coming soon

Yes, you heard right. Our great Series 2 collection is minted out. The only way to get one in your hands is by buying it from the marketplace!

Series 1 Marketplace

Series 2 Marketplace

Get ready for Series 3 - the grand finale of our trilogy, set to debut in approximately 6 weeks. This highly anticipated collection will have a limited max supply of just 69, with each NFT offering a more significant slice of the house's share. And should you be fortunate enough to stumble upon a One Piece, you'll automatically join the ranks of Gelotto owners, unlocking even more exclusive benefits!

The public price for Series 3 is set at 50K STARS, with VIP members benefitting from a special discounted rate. Stay tuned, more exciting details will follow soon!

As we forge ahead, expanding Gelotto into both Web3 and real-world spaces, remember that Gelotto Series 1-3 will always represent your exclusive VIP access and a share in all future revenue.

Zealy Sprint

As we speak of things coming to an end I am both happy and sad to announce our Crew3 Zealy Sprint is final!

We will do more in the future, to give our community the chance to win great prizes. Over USD 500 rewards for the top 10.

Congrats to the winners and thanks for all of your hard work!

New Liquidity Pool on KUJI

Big news! We just added huge incentives to $GLTO/ $USK pair on Kujira's fin

You can now earn both $GLTO and $USK by adding liquidity to this pair

Add liquidity here now to earn these juicy rewards

Here's a guide on how to get assets over

Weekly Twitter Spaces: Thursdays at 7 PM ET

with Rizbe , Tritador XYZ , Daniel Gabriele , and @bbands

New Gelotto Team Members

We have several new Ambassadors and Team members joining us in the past few weeks. We look forward to new ideas, fresh minds, and new collaborations!!

Dev Update

Staking as the House

This month bears a special significance as we initiate 'staking as the house', a move designed to channel real yield directly to our community. Remarkably, this has already generated close to 1 million $GLTO in under a month, solely through our game, Mortal KoinBat

In tandem, we're enhancing our airdrop tools to optimally distribute these house rewards. Expect these improvements to be fully operational, setting the scene for validators' rewards to start trickling out.

Mortal Koinbat

Within the first week, beta testers have already bagged over 1.5 million $GLTO in wins!

Enjoy seamless gameplay powered by The Juno Network and full mobile accessibility via Keplr Wallet.

Don't forget, our Gelotto Series 1-3 NFT holders also enjoy a share of all the action!

Bug Bounty Program

We are excited to announce that we will soon be initiating a bug bounty program designed to put staking as the house and Mortal KoinBat through its paces. Once we officially launch, participants will have the opportunity to earn GLTO bounty, with rewards varying based on the severity of the bug uncovered.

In conjunction with this, we're thrilled to introduce a unique community position: Quality Assurance (QA). We're seeking individuals who are detail-oriented and possess a knack for providing invaluable feedback. If this sounds like you, we encourage you to apply.

As a QA team member, your mission will be to discover vulnerabilities within staking as the house and Mortal KoinBat. For your efforts, you'll be given free GLTO to test, and as a further token of our appreciation, QA group members will receive a share in a monthly $GLTO bonus.

If you believe you'd excel in this role, please submit a ticket detailing why you'd be an ideal fit.

Stay tuned for more information on our forthcoming Bug Bounty program. Let's improve and fortify staking as the house, a community-owned protocol for revenue sharing!

Games

Mortal Koinbat and Staking as the House

After Mortal KoinBat was open for VIPs to test it out, we have made a lot of adjustments and quality changes that we will go deeper into another Blog Post. But this time I am happy to announce that "Staking as the House'' is being hooked up to Mortal KoinBat as we speak!

In the next following weeks, we will make it available to the public. This will allow everyone to stake their GLTO tokens on our website and earn a percentage of the house revenue. Staked tokens as the house are also used as liquidity to pay out rewards for active gamblers. So stay tuned, stake your tokens and watch the rewards fly into your wallet as more and more people are using the platform. The goal of this is to become a fully self-sustaining ecosystem (Real Yield), where the community owns the house and can play against the house at the same time. There's no middleman, no entity in between, just the community divided by gamblers and stakers. What will your role be in this huge update? Will you be a staker, a gambler or both? Let us know on the Gelotto discord server! :)

Experience the thrill https://gelotto.io/app/games/koinbat

Raffles

The Gelotto raffle protocol is off to a great start! We have some highly anticipated weekly NFT project raffles including the elite FFSC and some 1:1 merch and matching NFTs from Gelotto Merch Store. There have been several successful high-end raffles including Levana Egg, Gelotto One Piece, The Strange Clan, WFC, and others (too many to name)! Open a Discord ticket if you have a special NFT that you would like to raffle.

Ready to explore and win some amazing prizes? Discover Gelotto raffles here

We're also stoked to announce that Gelotto raffles are making their way to Stargaze natively! Yes, you heard it right. Soon, you'll be able to create your own raffles. Also, keep your eyes peeled for our upcoming Dutch auction.

Poker

Join one of our daily poker games at 10 AM, 3 PM and 8 PM ET.

All poker games (Tournaments + Cash Games) will be held at ClubGG 941451. Chip Ratio, 1 chip = 1 GLTO. Join Gelotto Discord for more info!

We will be opening up poker seasons soon with the launch of an NFT series on Loop. Each NFT will be a ticket to join the season and win special prizes.

There will be 2 decks, Sapphire and Ruby. There will be 10 rare cards per deck! Rare Cards will have a gold border. Stay tuned for more info!

Upcoming NFT Projects

Gellotto Street Art will be minting on Solana --- from our famous @1ordGinge !! More details and mint date to be announced!

Delegate With Gelotto Validators

Monthly Gkey rewards for May were distributed. Check your Juno wallet for some extra Gkey! Consider delegating to our KUJI validator to help keep us in the active set.

Gelotto's Validator stats as of June 2nd, 2023

Gelotto NFT stats as of June 2, 2023

However, this strength has also turned out to be one of Juno’s greatest weaknesses.

For example, individuals who have coding skills (a great asset in the Web3 space) do not necessarily possess sound business acumen, and many such individuals have risen to positions of leadership and control within the Juno community. This has led to a system where community resources (such as JUNO tokens) have been disproportionately allocated to community leaders, who are expected to single-handedly address issues that many of the leaders are not equipped to address.

This approach ignores Juno’s greatest strength and fails to focus on its greatest resource: The community members at our disposal. It is crucial to shift toward a model where the contributions of Juno community members are encouraged, utilized, recognized, and rewarded.

The question is: How should Juno progress from here?

1. The Juno core team must relinquish their vesting. Having a leadership position should not on its own be rewarded. The core team members may then be reevaluated and rewarded based on their contributions rather than simply possession of a leadership position.

2. A process for identifying and rewarding substantive contributions to the community must be established.

- If community members like @CryptoTank and @CosmosDefi are willing to create content and draw attention to the new community, attracting new participants, the value added by these efforts should be evaluated, and these efforts should be funded

- If a community member like @DonCryptonium wishes to create engaging content and shitpost, even these efforts are worthy of compensation if new members join the community or existing members deepen their engagement

- If @RacoonSupply or Gelotto develop open-source code that is useful and may onboard more users, this should be funded

- @RAC_FM Twitter Spaces continues to serve as a vibrant community hub for conversation and growth. Why has this never been financially supported?

The Juno network is in need of an overhaul. Most notably, the Juno network cannot afford to fund community members or projects because at its core, the Juno network does not make money. If Juno were to fund an immensely successful project, the only money Juno would make from this venture would be the very small transaction fees that are generated each time the project is used. This has caused developers who seek funding to be viewed as grifters. After all, why would Juno fund development of an app when Juno does not make money on the app?

Along these lines, because Juno does not earn revenue, Juno does not have significant amounts of discretionary income to spend on marketing and community engagement.

The fundamental tokenomics and network architecture must change. Juno must make money through utility, not investment alone. Juno must include value capture mechanisms, low inflation, and a structured process to incentivize development of high-quality apps that will be used, and whose use will cause revenue to be accrued by Juno. In short, even though community-driven, Juno must still be run like a business.

The stark reality is that most people in the crypto world, including founders and leaders of Juno (and much of the IBC ecosystem) lack a clear understanding of what they are doing. We need to shift our focus toward establishing strong foundations, akin to those of Alphabet, Amazon, Microsoft, and others. Too often, individuals in the crypto space overlook the fundamentals of modern economics and basic business practices. It is hopelessly naïve to believe that launching a random L1 token in an ocean of blockchains will magically attract users simply because it is cryptocurrency.

So what is the key takeaway? Leaders who do not add value should step aside. Leaders who continue to contribute meaningfully must recognize their limitations and enlist the help of other community members where needed – who should be compensated. We must never forget that Juno’s power stems from its community.

The value of the Juno community and the lack of venture capital interference is what initially attracted Gelotto to the Juno network.

In the absence of the changes in focus outlined above, it is our opinion that the Juno network will not succeed. Gelotto intends to push for these changes within the community. If progress is not made, Gelotto intends to separate from Juno and establish its own chain, incorporating the strategies outlined above.

Gelotto Monsters Unleashed is a cryptocurrency-based play-to-earn game centered around the collection and modification of virtual creatures, represented by non-fungible tokens (NFTs). Because NFTs are immutable, smart contracts and editable metadata are used to represent changeable features of a creature. The NFTs are used as an Access Control List (ACL) that limits execution of the smart contracts that change these features to wallets that own the required NFTs and meet other in-game requirements. The NFTs themselves also include data regarding a creature that is not intended to be changeable, such as its genetic lineage.

Initially, an NFT representing an "egg" is acquired by a player. The attributes of the egg NFT are represented by metadata at a location indicated in the NFT data. The attributes of the egg may be modified by using other NFTs, such as NFTs representing "potions." The attributes are modified using a smart contract that first verifies that the player owns the required NFTs and meets other in-game requirements, effectively using the NFTs as an ACL for executing the smart contract. Then, the metadata representing the attributes of the egg is updated, while the egg NFT itself remains unchanged.

The egg may be "hatched" to generate an NFT representing a "creature" having various attributes that are based on the attributes of the egg. The hatching process also utilizes a smart contract that first verifies that the player owns the required NFT and meets other in-game requirements (such as a cost or ownership of other in-game assets). The metadata associated with the egg NFT is then modified to represent attributes of a creature, while the underlying NFT remains unchanged, enabling the creature to retain the same genetic information and other immutable data stored in the NFT. The creature may be customized using other NFTs that change the name or appearance of the creature or modify the creature’s attributes. Each modification to the creature may similarly be performed using NFTs as an ACL to execute a smart contract, then modifying the associated metadata while the underlying NFT remains unchanged.

Two creature NFTs may be used to execute a breeding smart contract to produce a new egg NFT. The breeding smart contract may similarly verify ownership of the required NFTs, verify that other in-game requirements are met, then generate a new egg NFT having attributes that are determined based in part on the attributes of the selected creature NFTs. The new egg NFT will include unchangeable NFT data indicating its genetic lineage, which is determined using the genetic lineages of the creature NFTs used in the breeding process.

Creatures represented by the NFTs may be used in a variety of competitive and non-competitive tasks, such as simulated battles with other creatures, puzzles, or games, with randomly determined outcomes based in part on the attributes of the creatures. All game NFTs may be traded using NFT marketplaces.

Introduction

The gaming industry is rife with games featuring collectible cards used to participate in simulated battles or other types of gameplay, with characteristics of the collectible cards affecting game outcomes. The gaming industry also includes numerous games where outcomes of battles and other activities between characters, creatures, or avatars are determined based on the attributes of these simulated beings. Many games also feature content where a first virtual object, such as a character or creature, may be augmented or customized using other virtual objects, such as equipment or consumable items, then used to complete various game-related tasks. The cryptocurrency space has also featured such games, with NFTs representing one or more virtual objects or creatures, and in some cases with game-specific cryptocurrency tokens used to purchase NFTs or affect game outcomes.

Conventional cryptocurrency-based games of this nature often have large financial barriers to entry or may require a significant investment of time to participate in repetitive gameplay. Additionally, the immutability of data on the blockchain and the non-fungibility of NFTs may hinder the use of NFTs as representations of in-game objects that may change dynamically as a game progresses, such as creatures. For example, because an NFT is not able to be modified, various workarounds that simulate the changeability of an in-game object must be used, such as destroying (e.g., burning) and replacing an NFT on each instance that an NFT is modified, or associating NFTs with external sources of data.

Gelotto Monsters Unleashed aims to become a blockchain-based game, built within the Cosmos/Internet of Blockchains (IBC) ecosystem, that provides an engaging, sustainable, and potentially profitable experience for users while leveraging the power of NFTs and blockchain technology. Gelotto Monsters Unleashed will allow players to collect, customize, trade, and battle unique creatures from various themes, while reducing or even eliminating many barriers to entry that are present in similar games. To enable NFTs that represent creatures or eggs to be customized and improved, metadata that represents changeable attributes of a creature or egg may be modified using smart contracts. Each smart contract verifies that the player attempting to execute the contract owns the required NFTs, effectively using a collection of NFTs as an ACL for the smart contract. The NFTs themselves may remain unchanged, and may store data regarding an egg or creature that is not intended to be modified, such as the genetic lineage of the egg or creature.

Basic Game Mechanics

A game manual that includes detailed information regarding game mechanics will be published when the initial version of Gelotto Monsters Unleashed is released, and updated as different aspects of Gelotto Monsters Unleashed are added or changed. Because new content may be added and existing content may be modified frequently, many gameplay aspects may change dynamically.

Therefore, an exhaustive list of NFTs, game mechanics, and possible gameplay activities is beyond the scope of this whitepaper. However, a brief summary of basic gameplay features follows.

Eggs

Each creature in Gelotto Monsters Unleashed begins as an egg that can be “hatched” at a future time, generating a creature. An egg will be represented by an NFT. The NFT data for each egg NFT will primarily consist of a unique identifier used to differentiate a particular NFT from other NFTs, and a location (such as a Uniform Resource Identifier (URI)) that references a source of metadata that represents the attributes of the egg. The NFT data may also indicate the genetic lineage of the egg NFT.

Egg Attributes

The attribute metadata for an egg NFT may be changed, while the NFT data itself remains constant. Attributes indicated in the metadata for an egg NFT may include:

1. Appearance: The visual characteristics of the NFT

   • These may include a particular image, traits or colors of an image or background, or other visual characteristics intended to represent the visual appearance of the egg

   • Appearance characteristics may also include a name assigned to the NFT

   • Available appearance characteristics for a particular egg may correspond to the type of creature that will be generated when the egg is hatched, or may correspond to other attributes of the egg.

   • Certain types of NFTs may be used to modify the appearance characteristics of the egg NFT

2. Rarity value: Each egg NFT will have a value representing the rarity of the egg represented by the NFT

   • The rarity value for an egg will correspond to the probability that a creature NFT generated when the egg NFT is hatched will have desirable characteristics

   • Certain types of NFTs may be used to positively or negatively modify the rarity value associated with an egg NFT

3. Biases: An egg NFT may be associated with biases that affect the probability that a creature NFT generated when the egg NFT is hatched will have particular attributes

   • Some egg NFTs may have default biases

   • Certain types of NFTs may be used to add, remove, or replace biases associated with an egg NFT

4. Hatching timer: Each egg NFT will be associated with a hatching timer that begins to decrement when the egg NFT is minted

   • The egg may be hatched to generate a creature after the hatching timer has elapsed

   • Initial values for a hatching timer may range from 1 day to 3 years

     • While not an absolute rule, longer hatching times are typically associated with egg NFTs having higher rarity values or certain biases

   • Certain types of NFTs may be used to positively or negatively modify the hatching timer value associated with an egg NFT

Egg Modification Process

• A smart contract may be used to add, remove, modify, or replace selected portions of the metadata associated with an egg NFT

• The specific attributes that are changed may depend on the attributes of an additional NFT used in the modification process

  • The metadata associated with the additional NFT may indicate a single attribute or multiple attributes

    • Example: A potion NFT may decrease the hatching timer value for an egg but also decrease the rarity value

  • The metadata associated with the additional NFT may indicate probabilities of a particular modification occurring

    • Example: A potion NFT may have a 50% chance to increase the rarity value of an egg, a 10% chance to increase the hatching timer for the egg, and a 1% chance to destroy (e.g., burn) the egg NFT

    • An in-game or external source of randomness may be used to determine the specific modifications that occur

  • The metadata associated with the additional NFT may indicate a range of values associated with a modification

    • Example: A potion NFT may add or subtract a random value ranging from 1 to 4 to or from a particular attribute

    • An in-game or external source of randomness may be used to determine the specific values that are added or subtracted

  • When a user attempts to execute the smart contract using the game interface:

    • The smart contract verifies that the wallet requesting to execute the contract owns the egg NFT, an additional NFT to modify the attributes of the egg, and other game requirements (if applicable) such as a cost using in-game tokens or other assets

    • If all requirements are met, the contract is executed to modify the metadata of the egg NFT based on modifications indicated in the metadata for the additional NFT used in the modification process

    • See the flowchart below:

Creatures

When the hatching timer for an egg NFT has elapsed, the option to hatch the egg to generate a creature will become available.

Hatching Process

The process of hatching an egg is similar to the egg modification process outlined above:

• When a user attempts to execute the smart contract using the game interface:

  • The smart contract verifies that:

    • The wallet that is requesting to execute the contract owns an egg NFT

    • The hatching timer value for the egg NFT has elapsed

    • Other in-game requirements (if applicable) are met

  • A set of attributes for the resulting creature NFT are determined

    • Attributes for the creature are based in part on the attributes of the egg

    • Attributes may also be based in part on an in-game or external source of randomness

    • Optionally, attributes may be based on external factors, such as in-game assets spent to improve the hatching process, in-game or external assets owned by the wallet requesting to execute the contract, or other factors

  • The attributes for the creature NFT replace the attributes for the egg NFT. Effectively, the egg NFT becomes the creature NFT and may be associated with a new image and a different set of attributes

  • The underlying NFT data remains unchanged and includes the same identifier, metadata location, and genetic lineage

  • See the flowchart below:

    

Creature Attributes

The attribute metadata for a creature NFT may be changed, while the NFT data itself remains constant.

Attributes indicated in the metadata for a creature NFT may include:

1. Appearance: The visual characteristics of the NFT

   • These may include a particular image, traits or colors of an image or background, or other visual characteristics intended to represent the visual appearance of the creature

   • Appearance characteristics may also include a name assigned to the NFT

   • Available appearance characteristics for a creature may correspond to other attributes of the creature

   • Certain types of NFTs may be used to modify the appearance characteristics of the creature

2. Statistical Attributes: Each creature NFT will be associated with a set of statistical attributes that may affect the outcome of simulated battles or other activities associated with the creature, such as:

   • The offensive abilities of the creature’s attacks during a battle

   • The defensive abilities of the creature to withstand an attack

   • The probability for the creature to successfully perform various actions

   • The probability of the creature to avoid actions performed by other creatures in a simulated battle

   • The health or energy of the creature, which may represent the ability of the creature to continue performing certain actions. If this attribute falls below a certain level, the creature may be unusable for certain actions until the attribute is raised

   • Certain types of NFTs may be used to modify attributes of a creature NFT

3. Techniques: Each creature NFT will be associated with one or more techniques that represent actions that may be performed by the creature

   • A technique may represent a particular type of attack, defense, or other action that may be performed by a creature during a simulated battle

   • The effect of various techniques may be affected by the statistical attributes of the creature, in-game or external sources of randomness, and optionally external factors such as a number of in-game or external assets owned or spent by the wallet requesting to execute the smart contract for the technique

   • Certain types of NFTs may be used to add, remove, or replace techniques associated with a creature NFT

4. Type: Each creature will be associated with a particular species, category, or type of creature

   • Different types of creatures may be associated with different probabilities of various statistical attributes, access to different techniques, available appearance characteristics, etc.

   • The type associated with a creature is generally immutable. For example, a particular collection of NFTs, represented by a collection identifier in the NFT data for each NFT in the collection, may be associated with a species of the creatures that is not intended to change

5. Sub-type: Some creatures may be associated with a subspecies or subcategory

   • A particular type of creature may be associated at least one of multiple possible sub-types available to that type of creature. For example, sub-types may represent an element (e.g., fire, water, etc.) or concept (e.g., robotics, mutation, etc.)

   • Certain types of NFTs may be used to change the sub-type of a creature

Creature Modification Process

The process to modify a creature is similar to the Egg Modification Process outlined above:

• A user attempts to execute a smart contract to modify the creature

• The contract verifies that the wallet requesting to execute the contract owns the creature NFT, an additional NFT (if required), and any other game requirements (if applicable) such as a cost or ownership of a quantity of other in-game assets

• One or more attributes associated with the creature NFT are added, removed, replaced, increased, or decreased based on metadata associated with the additional NFT that is used, and in some cases based on in-game or external sources of randomness or other external factors

  • Some changes in attributes may be associated with a probability of such changes occurring rather than the changes being guaranteed to occur

  • Some modifications to attributes may be associated with a random range of values rather than fixed values

• Modified attributes of the creature may include customizations regarding the appearance of the creature (e.g., colors, traits, backgrounds, a name), statistical attributes, techniques (e.g., adding, removing, or replacing techniques available to the creature), or changing the sub-type of the creature

Modification of a creature typically requires an additional NFT. Other types of NFTs that may be acquired and used to modify the attributes of a creature NFT may include:

• Potions or other types of consumable NFTs that are destroyed (e.g., burned) when used

• Equipment or other types of non-consumable (e.g., reusable) NFTs that provide modifications to attributes of the creature while owned, may be separately traded apart from the creature NFT, and cease providing modifications when no longer owned

• Limited-use items that may be used a certain number of times before being destroyed

• See the flowchart below:

Battling

A creature NFT may be selected to engage in a turn-based battle with one or more other creatures. Other creatures may include computer-generated opponents or creatures that are represented by NFTs owned by other players.

For each turn, a player may select an action associated with a creature NFT, such as a particular technique for use, an additional NFT that may be used to modify characteristics of the creature during the simulated battle, or a command to attempt to exit a simulated battle (such as a “run away” command). Some actions may be executed using smart contracts, such as using various techniques associated with a creature.

For example, execution of a smart contract associated with a technique may: 1) Verify that the wallet attempting to execute the contract owns an NFT that is associated with metadata indicating the technique; 2) Verify any other in-game requirements are met (if applicable); and 3) Determine the outcome of the technique based on the smart contract, attributes of the creature, in-game or external sources of randomness, and/or external factors.

The winner of a simulated battle may be awarded with cryptocurrency assets, such a quantity of the Beast token, described below. Creature NFTs that are used in a simulated battle may increase in value or attributes as a representation of the experience that is gained by the creature through participation in the battle.

Periodically, special battles may become available to players, such as through a “dungeon” event that includes multiple battles, battles against creatures that are more difficult or more rewarding than normal, battles against types of creatures that fit a selected theme, etc. Special rewards may be acquired through participation in these events, such as NFTs that may not be acquired through other means.

Other types of games, puzzles, or activities may similarly be undertaken using creature NFTs, with the outcomes of these activities being at least partially affected by the attributes of the creature NFT.

Breeding

Two creature NFTs owned by the same wallet may be selected for breeding, which may result in creation of a new egg NFT. The new egg NFT may have randomly-selected attributes that are based in part on the characteristics of the creature NFTs that were selected for breeding.

Breeding may have a small chance to unlock rare traits or entirely new types of creatures.

Use of the breeding mechanic may be controlled using smart contracts, similar to the egg and creature modification processes described above.

Breeding Smart Contract

• A user attempts to execute the breeding smart contract

• The smart contract verifies that:

  • The wallet requesting to execute the contract owns two creature NFTs that are able to breed

  • Other in-game requirements, such as a sufficient quantity of Beast tokens (described below) are owned by the wallet

• A new egg NFT is generated and provided to the wallet executing the breeding smart contract

• The NFT data for the new egg NFT is determined based on the NFT data associated with both creature NFTs used in conjunction with the breeding smart contract. For example, the genetic lineage for the egg NFT may be determined based on the genetic lineage of the creature NFTs selected for breeding

• The NFT metadata for the new egg NFT (e.g., attributes of the egg) are determined based in part on the attributes of the creatures selected for breeding and in part using in-game or external sources of randomness. In some cases, attributes may be determined using one or more external factors (such as other assets owned or spent to augment the breeding process)

• Breeding may have a small chance to unlock rare traits or new types of creatures not obtainable through other means

See the flowchart below:

Cryptocurrency Assets

Gelotto Monsters Unleashed will use three cryptocurrency assets:

1. NFTs – which will represent in-game objects such as eggs, creatures, and items that may be used to modify characteristics of eggs or creatures

2. Beast Tokens (BEAST) – which will be used primarily as in-game currency for purchase of NFTs, participation in various activities, and may be earned through gameplay

3. Gelotto Tokens (GLTO)- which will be used primarily as a governance token for voting to modify parameters of the Gelotto Monsters Unleased game, and may be staked to earn BEAST tokens

Gelotto Monsters Unleashed NFTs

Each type of NFT described above may be purchased and sold by players using an in-game marketplace, where transactions use BEAST tokens. NFTs may also be bought or sold using an external NFT marketplace.

Initial Distribution

An initial supply of 1000 “Genesis” Egg NFTs, as well as various collections of modification and customization NFTs will be created as an initial set of NFTs for Gelotto Monsters Unleashed.

• 75% of the initial set of NFTs will be available for purchase through in-game or external NFT marketplaces

• 25% of the initial NFTs will be distributed to owners of various Cosmos/IBC cryptocurrency assets, Gelotto NFT collections, and selected “Blue Chip” NFT collections, as follows:

  • 5% of the NFT airdrop allocation will be available to and divided among wallets that stake at least 250 USD in value for the following assets:

    • Injective (INJ)

    • Stargaze (STARS)

    • Cosmos Hub (ATOM)

    • Osmosis (OSMO)

    • Archway(ARCH)

    • Nois Network (NOIS)

    • Akash(AKT)

    • Celestia (TIA)

• • For each of the above assets, 0.625% of the airdrop allocation will be distributed, divided evenly among all qualifying wallets

    • For each of the above assets, an additional 0.3125% of the airdrop allocation will be divided evenly among all qualifying wallets that stake the required amount using Gelotto validators

  • 5% of the NFT airdrop allocation will be available to and divided among wallets that provide liquidity having a value of at least 250 USD in the following liquidity pools associated with Cosmos/IBC assets:

• Osmosis DEX Pool 1 (ATOM/OSMO)

• Osmosis DEX Pool 604 (STARS/OSMO)

• Osmosis DEX Pool 2 (ION/OSMO)

• Osmosis DEX Pool 725 (INJ/OSMO)

• Osmosis DEX Pool 1248 (TIA/OSMO)

• Osmosis DEX Pool 1093 (AKT/OSMO)

• Osmosis DEX Pool 1281 (ETH/OSMO)

• Osmosis DEX Pool 1574 (GLTO.INJ/OSMO)

• Osmosis DEX Pool 790 (GKEY/OSMO)

• Osmosis DEX Pool 1630 (BEAST/OSMO)

• • For each of the above liquidity pools, 0.5% of the airdrop allocation will be distributed, divided evenly among all qualifying wallets

    • For each of Osmosis DEX Pool 1574(GLTO.INJ/OSMO), Osmosis DEX Pool 790 (GKEY/OSMO), and Osmosis DEX Pool 1630 (BEAST/OSMO), an additional 0.333% of the airdrop allocation (3,333,333 tokens) will be divided evenly among all qualifying wallets

  • 5% of the NFT airdrop allocation will be available to wallets that hold the following from Gelotto NFT collections:

• At least 3 Gelotto Series 1 NFTs

• At least 3 Gelotto Series 2 NFTs

• At least 3 Gelotto Series 3 NFTs

• At least 3 Mostro del Gelotto NFTs

• At least 3 Cream Queens NFTs

  • 5% of the NFT airdrop allocation will be available to wallets that hold NFTs from the following Blue Chip NFT collections:

• Bad Kids

• Women-from-Cosmos Kids

• The WadSquad

• The Watchers, Protectors of the Interchain

• PENDING

The airdrop for the initial set of NFTs will be performed using a randomized raffle process. A wallet will receive a raffle entry for each airdrop requirement that is met. Winning raffle entries will then be selected randomly.

NFT Uses

Gelotto Monsters Unleashed NFTs may be:

• Purchased through an in-game or external NFT marketplace

• Sold or auctioned through an in-game or external marketplace

• Used to participate in various in-game activities, such as simulated battles. Some activities may require payment of BEAST tokens to participate, and some activities may reward BEAST tokens for participation or winning

• Two creature NFTs may be used to create a new egg NFT through the breeding process. Breeding will require a cost in BEAST tokens

• Egg and creature NFTs will retain metadata that associates them with the original Genesis NFT from which they were bred. When a creature or egg NFT is sold, the current owner of a Genesis creature from which the sold creature or egg has descended will receive a percentage of the sale price (see below)

Genesis Egg NFTs

The NFT data for an egg or creature NFT may include an indication of the egg’s genetic lineage. The first 1000 egg NFTs created for use in the Gelotto Monsters Unleased game will have data indicating that these NFTs are “Genesis” NFTs. Because the underlying NFT remains unchanged when the eggs are modified, hatched to generate creatures, and the creatures are modified, the “Genesis” status of the NFTs will remain throughout their existence.

When a new egg NFT is created using the breeding smart contract, the NFT data indicating the genetic lineage for the newly-generated egg NFT will be determined based on the genetic lineages of the creature NFTs used in the breeding process. Therefore, the Genesis NFTs from which a future egg or creature is descended will be able to be determined based on the NFT data for that NFT. A newly-generated NFT may be descended from multiple Genesis NFTs.

The owner of a Genesis NFT will receive a royalty when any egg NFT or creature NFT that is descended from that Genesis NFT is traded. Specifically, a portion of the transaction price to purchase the egg or creature NFT will be provided to the wallet(s) that own a Genesis NFT from which the traded NFT has descended. If a traded egg or creature NFT is descended from multiple Genesis NFTs, this portion of the purchase price will be divided equally among each Genesis NFT from which the traded NFT is descended.

Initially, 3% of the transaction price associated with a traded egg or creature NFT will be provided to the owner(s) of the Genesis NFT(s) indicated in the genetic lineage of the traded NFT. This amount may be modified through governance.

Beast Token (BEAST)

The BEAST token will function as the primary in-game currency for Gelotto Monsters Unleashed, and may be earned and spent through participation in various in-game activities.

Initial Distribution (WIP)

The BEAST token will have a maximum supply of 1,000,000,000 tokens.

• 55% of the BEAST token supply (600,000,000 tokens) will be earned in game via various activity:

  • Rewards for achieving certain milestones, participating in special events, and leaderboard rankings

  • Rewards for completing daily and weekly quests

  • Earn in PVP battles & large scale war (Battlegrounds)

• 10% of the BEAST token supply (150,000,000 tokens) will be distributed by airdrop as follows:

  • 2.5% (25,000,000 tokens) divided among wallets that stake at least 250 USD in value for the following assets:

    • Injective (INJ)

    • Stargaze (STARS)

    • Cosmos Hub (ATOM)

    • Osmosis (OSMO)

    • Archway(ARCH)

    • Nois Network (NOIS)

    • Akash(AKT)

    • Celestia (TIA)

      • For each of the above assets, 0.3125% of the airdrop allocation (3,125,000 tokens) will be distributed, divided evenly among all qualifying wallets

  • 2.5% (25,000,000 tokens) divided among wallets that provide liquidity having a value of at least 250 USD in the following liquidity pools associated with Cosmos/IBC assets:

    • Osmosis DEX Pool 1 (ATOM/OSMO)

    • Osmosis DEX Pool 604 (STARS/OSMO)

    • Osmosis DEX Pool 2 (ION/OSMO)

    • Osmosis DEX Pool 725 (INJ/OSMO)

    • Osmosis DEX Pool 1248 (TIA/OSMO)

    • Osmosis DEX Pool 1093 (AKT/OSMO)

    • Osmosis DEX Pool 1281 (ETH/OSMO)

    • Osmosis DEX Pool 1574 (GLTO.INJ/OSMO)

    • Osmosis DEX Pool 790 (GKEY/OSMO)

    • Osmosis DEX Pool 1630 (BEAST/OSMO)

      • For each of the above liquidity pools, 0.25% of the airdrop allocation (2,500,000 tokens) will be distributed, divided evenly among all qualifying wallets

      • For each of Osmosis DEX Pool 1574(GLTO.INJ/OSMO), Osmosis DEX Pool 790 (GKEY/OSMO), and Osmosis DEX Pool 1630 (BEAST/OSMO), an additional 0.333% of the airdrop allocation (3,333,333 tokens) will be divided evenly among all qualifying wallets

  • 2.5% (25,000,000 tokens) to wallets that hold the following from Gelotto NFT collections:

    • At least 3 Gelotto Series 1 NFTs

    • At least 3 Gelotto Series 2 NFTs

    • At least 3 Mostro del Gelotto NFTs

    • At least 3 Cream Queens NFTs

  • 2.5% (25,000,000 tokens) to wallets that hold NFTs from the following Blue Chip NFT collections:

    • Bad Kids

    • Women-from-Cosmos Kids

    • The WadSquad

    • The Watchers, Protectors of the Interchain

    • PENDING

• 5% of the BEAST token supply(100,000,000) will be distributed as staking rewards to users who stake GLTO tokens

• 10% of the BEAST token supply (100,000,000) will be distributed as liquidity incentives to users that provide liquidity to selected liquidity pools that enable the exchange of BEAST tokens with other assets

• 2.5% of the BEAST token supply (25,000,000) will be set aside for community incentives, events, and promotions

• 10% of the BEAST token supply (100,000,000) will be allocated to the development team for Gelotto Monsters Unleashed

  • Tokens allocated to the team will be subject to a vesting schedule that includes an initial lock-up period and a gradual release of tokens over time

• 1.5% of the BEAST token supply (25,000,000) will be allocated for marketing incentives and strategic partnerships

  • These tokens may be used to increase awareness of Gelotto Monsters Unleashed, attract new users, and establish collaboration with other projects or companies that may contribute to the growth and success of the game

• 5% of the BEAST token supply (50,000,000) will be allocated to a community treasury

  • Use of the treasury will be governed by users who stake the GLTO token

  • The purpose of the treasury will be to fund future initiatives, improvements, and community-driven projects

  • Stakers of the GLTO token may submit proposals and vote on the allocation of tokens from the community treasury

  • Tokens from the treasury may also be used as funds for adjustments to the in-game economy, distributions, or other aspects of the project that may require intervention to maintain stability and success

Beast Token Uses

BEAST may be spent to:

• Purchase in-game assets, such as egg or creature NFTs, potion NFTs, or other types of NFTs to modify creatures or eggs

  • NFTs may be available through the game platform itself, such as by minting a new NFT or purchasing an NFT from an in-game marketplace

  • NFTs may also be purchased from other players, either through the in-game marketplace or external NFT marketplaces

  • A portion of the sale price of a creature or egg NFT will be provided to the current owner(s) of the Genesis creatures from which the purchased creature or egg descended

• Breed NFTs. A cost in BEAST tokens will be associated with breeding of creature NFTs to control the rate at which new egg NFTs are created

• Modify egg and creature NFTs

  • A cost in BEAST tokens may be associated with use of potion NFTs or other types of NFTs that change the attributes of an egg or creature NFT

  • Some NFTs may be used to modify the characteristics of an egg or creature NFT without a cost in BEAST tokens

  • In some cases, BEAST tokens may also be spent to improve the attributes of a creature NFT without requiring an additional NFT

• Participate in simulated battles or other activities

  • Participation in certain battles or other activities may require payment of a selected amount of BEAST tokens

  • Participation in some activities may not require payment of BEAST tokens

• BEAST tokens may also be staked in association with a selected creature NFT

  • Staking BEAST tokens in association with a creature NFT may increase the attributes of a creature while the tokens are staked, or provide improvements to particular techniques or performance in various activities

BEAST may be acquired by:

• Participating in game activities

  • Example: at the conclusion of a simulated battle, the winning player will be awarded BEAST tokens

  • Some activities may result in players receiving BEAST tokens for participation, independent of the outcome of the activity

• Selling NFTs

  • Egg, creature, and modification NFTs may be sold through an in-game marketplace for BEAST tokens

  • NFTs may also be sold by players through external marketplaces

• Providing liquidity. Liquidity providers who provide liquidity in liquidity pools that enable the exchange of BEAST tokens with other assets will receive BEAST tokens as incentives

• Staking GLTO tokens. Users who stake GLTO tokens on the Gelotto platform will receive BEAST tokens as incentives

• Purchasing BEAST from liquidity pools that enable the exchange of BEAST tokens with other assets

• Owning a Genesis NFT at a time when other NFTs descended from the Genesis NFT are traded

Gelotto Token (GLTO)

The GLTO token is the primary token for governance and gameplay on the Gelotto platform. The GLTO token was distributed to holders of various Cosmos/IBC assets in June of 2022. GLTO tokens may be used to play various games, and to stake and play the role of “the house” against which games are played. Staked GLTO tokens also enable participation in governance of the Gelotto platform, which includes governance of the Gelotto Monsters Unleased game.

GLTO may be spent to:

• Participate in various games on the Gelotto platform

• Staked GLTO may be lost if games against the house are won by players

GLTO may be acquired by:

• Participating in various games on the Gelotto platform

• Providing liquidity. Liquidity providers who provide liquidity in liquidity pools that enable the exchange of GLTO tokens with other assets will receive GLTO tokens as incentives

• Purchasing GLTO tokens from liquidity pools that enable the exchange of GLTO tokens with other assets

• Stakers of GLTO may earn GLTO tokens as revenue if games against the house are lost by players

Tokenomics

The multiple uses associated with Gelotto Monsters Unleashed NFTs, BEAST tokens, and GLTO tokens, coupled with costs to create and modify NFTs, removal of portions of the BEAST token from circulation, and incentives to hold and stake game assets, are intended to provide value to these assets, as described below.

Utility

The use cases for BEAST and GLTO tokens are intended to provide value to these assets. For example, BEAST may be spent to purchase game assets or to participate in many in-game activities, may be staked to improve the performance of activities associated with a creature NFT, or may be spent to improve the attributes of a creature NFT or create new NFTs through the breeding smart contract. These in-game uses of BEAST are intended to at least partially offset the earning of BEAST tokens through gameplay, providing liquidity for the BEAST token, and staking GLTO tokens, and the corresponding sale of BEAST tokens.

Similarly, because GLTO may be staked to earn BEAST tokens, used for governance, and has other uses on the Gelotto platform, the addition of Gelotto Monsters Unleashed to the Gelotto platform may add additional utility to the GLTO token.

Deflationary and Value-Capturing Measures

Each time that a transaction using BEAST tokens occurs, a portion of the BEAST tokens associated with the transaction may be removed from circulation to at least partially offset the increasing supply of available BEAST tokens caused by earning through gameplay, staking incentives, and liquidity pool incentives. Initially, 3% of each transaction cost will be removed from circulation, but this amount may be modified through governance.

BEAST tokens that are removed from circulation may be burned or distributed to collective wallets for other purposes. For example, each time that a transaction using BEAST tokens occurs, 1% may be burned, 1% may be transferred to the Gelotto Grand Prize Game wallet, and 1% may be transferred to the Gelotto VIP Incentives wallet.

In addition to the reduction in circulation described above, each time that an NFT is traded, a 10% royalty will be applied to the transaction. Royalties may be transferred to various Gelotto special-purpose wallets, as described above, removing BEAST tokens from circulation. In cases where the traded NFT includes a creature or egg NFT, a portion of this royalty (initially 3%) may be provided to the owner(s) of the Genesis NFTs indicated in the genetic lineage of the traded NFT.

Conclusion

Gelotto Monsters Unleased will aim to provide an engaging, sustaining, and potentially profitable gaming experience to players using the blockchain. With a focus on collecting, modifying, breeding, and battles associated with creatures represented by NFTs, the game is planned to offer a rich and immersive experience with innumerable ways to customize NFTs and explore different gameplay strategies. The inclusion of a variety of potions and techniques, also represented by NFTs, that may be used to modify creature NFTs, may promote a sense of discovery and experimentation among players.

Use of smart contracts and metadata to represent changeable attributes of eggs and creatures, while NFTs themselves are used to record immutable data such as genetic lineage, enables selected data to be carried forward throughout the existence of a creature, and further enables a collection of NFTs to be used as an ACL to determine authorization to execute smart contracts.

Numerous uses for the in-game BEAST token, coupled with removing portions of transacted tokens from circulation and use of royalties when NFTs are traded, may facilitate the sustainability of the in-game economy by controlling the ingress and outflow of tokens.

Background

In June 2022, Gelotto airdropped the Gelotto token (GLTO) to owners of various Cosmos/IBC assets. GLTO has a variety of uses:

• Hold at least 10,000 GLTO in your wallet to receive a monthly distribution of Gelotto Keys (GKEY), a low-supply asset for use in the first annual grand prize game

• Play Gelotto lottery games that feature the GLTO token

• Exchange GLTO (through the ticket system on Gelotto's Discord) to receive chips for community cash poker games on Club GG (Club ID: 540776)

• Buy, sell, and provide liquidity on Osmosis Dex (Pool #778 - GLTO and GKEY rewards to liquidity providers) and Wynd Dex (JUNO/GLTO - WYND rewards to liquidity providers)

• Coming soon: Spend GLTO to create a lottery or NFT raffle having customized parameters

Long-term, GLTO is intended to be used not only as the primary currency of the Gelotto platform, but also as a revenue-sharing and governance token.

To this end, Gelotto is announcing the roll-out of the revenue-sharing aspect of the GLTO token: Staking-as-the-house

Summary

Staking-as-the-house allows holders of the GLTO token to participate in the Gelotto platform by playing the role of "the house" (a colloquial term used to refer to casinos, or in this case, to the Gelotto platform). When holders stake their GLTO as-the-house, this pool of GLTO becomes the house's money, against which games of chance are played. When a game against the house is won, GLTO is taken from each of the stakers (proportional to the amount of each stake relative to the total amount of GLTO in the pool) and sent to the winning player. When a game against the house is lost, the GLTO that was bet by the losing player is distributed to each staker (proportional to the amount of each staker's stake, as above).

Statistically, because the odds in these games of chance favor the house, Staking-as-the-house should result in revenue for each staker over time, with the amount of revenue varying depending on the number of games played and the outcomes of those games. Essentially, Staking-as-the-house allows owners of the GLTO token to play the role of part-owner of the Gelotto platform, receiving a share of Gelotto's revenue and profiting as Gelotto profits.

Details

• GLTO that is staked will be secured in the Staking-as-the-house smart contract

• Initially, the Staking-as-the-house contract will be funded with GLTO from the Gelotto developer wallet, and games will be limited to small bets to test functionality and enable bugs to be found and addressed

• As testing progresses, access to the contract will be opened to community members, then the general public, and allowable bets may be increased to a maximum amount based on the total amount of GLTO stored in the contract

• Stakers will be able to select a percentage of their earnings to be added to their stake and a percentage of their earnings to be set aside to be claimed and sent to their wallets.

  • This flexibility avoids the need for stakers to withdraw their stake to access earnings

  • Additionally, setting aside a portion of earnings in a separate claimable rewards pool isolates that amount of GLTO from future losses in the event that significant games against the house are won

  • The rewards accrued by a staker are determined using a series of snapshots taken when deposits are made and games are played to determine the incremental rewards for the staker for each time that an event occurs. This innovative method avoids the need for Gelotto to use a separate staking or liquidity pool module to continuously determine staker assets or issue separate tokens that represent shares in the Staking-as-the-house pool. (Gelotto intends to generate a whitepaper that presents the details of this method.)

• There will be a limit on the number of times a user may withdraw within a time period (such as once per 24 hours) to reduce large fluctuations in the amount of GLTO in the contract.

  • This will reduce inaccuracies in calculations based on the total pool value (such as limits on bets, or unusual distributions if GLTO is added or removed while a game is being played)

  • In the event that a user withdraws GLTO during a game (such as while a portion of the GLTO is locked in a smart contract for a game), any generated revenue from that game will be set aside as claimable rewards rather than added to that user's stake

Benefits

• GLTO is non-inflationary (fixed supply of 420,690,000). Earnings from Staking-as-the-house are real yield representing actual revenue of the Gelotto platform

  • The initial amount of yield is not expected to be large while the Gelotto platform is small, but small amounts of revenue generated from continuously-available games have a tendency to accumulate

  • As the Gelotto platform grows, new games are added, new networks and means of access (such as mobile apps) are added, and so forth, revenues are expected to increase. Additionally, Gelotto plans to allow approved third-party games to access Gelotto's staking-as-the-house functionality to enable third-party games to be played using GLTO

• Future plans include expanding the Staking-as-the-house contract to include governance aspects for the Gelotto platform, functioning as a Gelotto DAO

• Staking of GLTO tokens in the Staking-as-the-house contract is expected to provide greater price stability for the GLTO token

• Staking-as-the-house funds may also be used creatively, such as to purchase Gelotto lottery tickets (possibly by governance) to enhance prize pools, with any winnings distributed to stakers

Conclusion

The Gelotto team (and the Gelotto community as a whole) is especially excited about the release of Staking-as-the-house functionality for the GLTO token. Staking-as-the-house opens a revenue-sharing opportunity through which GLTO holders may play the role of part-owner of the Gelotto platform. The availability of this option incentivizes community members to not only purchase and stake GLTO tokens, but to drive traffic to Gelotto to increase potential revenue.

Staking-as-the-house represents an innovative use of the GLTO token to bring real, non-inflationary yield (actual profits of the Gelotto platform) to stakers, with future governance aspects of the Gelotto platform planned. Stay tuned for the formal release of this feature, and for future updates as Gelotto continues to build.

1. Front End Engineer: We're looking for a talented Front End Engineer with strong experience in modern web development technologies. Familiarity with Next.js is a major plus.

2. Full Stack Engineer: Join our team as a Full Stack Engineer, where you'll contribute to the development of our game's core features and infrastructure. Experience with Web3 technologies and NFT platforms is highly desirable.

3. Illustrator: We need a skilled Illustrator who can bring our Gelotto Monsters Unleashed world to life. You'll create stunning visuals, character designs, and in-game assets that captivate our players.

This is your chance to get in on the ground floor of a potentially very profitable Play-to-Earn game! As a team member, you'll be compensated with an equity position, paid in the in-game currency item of Gelotto Monsters Unleashed: $BEAST.

If you're excited about this opportunity and want to join our team, here's what you need to do:

1. Join our Discord: https://discord.gg/fk7meSnCHH

2. Open a ticket and introduce yourself.

3. Send us your resume, showcasing your relevant skills and experiences.

Don't miss this opportunity to be part of an innovative project and help shape the future of gaming in the Web3 space. We look forward to meeting you!

Super Bowl Squares are here!

Gelotto's lead developer and co-founder @flyingOsterich has created a smart contract and a front-end component for a sports squares game. There will be a public square game with Gelotto and also a private use setting that you can download and use with friends. The squares tool can be used year-round for any sporting event. The Squares game is built on common backend infrastructure that Gelotto can reuse when implementing new types of games in the future

Burn it!! Gelotto Shoppe NFTs

Max supply for series 1 is capped at 840 NFTs.

The remainder of the un-minted Gelotto Shoppe series 1 NFTs, were burned on January 31st, 2023!!

This benefits holders since the portion of the 1% rake will be larger per NFT owned!!

Cream Queens Release

Cream Queens are strong, sexy ladies who represent women from this planet and beyond. A representation of beauty that comes from all walks of life. They may vary in their colors, shapes, sizes, and birth planets but they are all beautiful and they all kick ass!

The set of 358 Cream Queens were raffled to Gelotto Shoppe series 1 NFT holders and Mostro del Gelotto NFT holders. Cream Queens are now tradable on Stargaze Marketplace. Utility to be announced!!

Gelotto's Crew3 is now active

Check it out here. There is some serious competition for these awesome prizes!!! This Sprint ends February 11th!

Join Gelotto's Twitter Spaces

Listen to previous recordings

January 11th spaces

January 19th spaces

Weekly Poker Schedule

Play in the qualifier games Tuesday, Wednesday, and Thursday at 1:00 PM UTC and 8:00 AM UTC. The winner earns free entry into the final game on Sunday at 8:00 PM UTC! Click here to find out how to join.

The final game's minimum prize pool is $250.00 USD.

Gelotto is also hosting weekend cash games Friday through Sunday all day and all night!

Merch Store Now Open

In celebration of our grand opening, we are offering a 15% discount to everyone for a limited time. Use the coupon code NEWYEAR23 to get the discount. The official website is https://shop.gelotto.io/

Juno Growth DAO Proposal

Gelotto is addressing feedback before putting the proposal on-chain. We are developing tools and generating data that will add value to the Juno chain as a whole. Everything will be open source and will provide valuable model information and save other developers time. Our apps will bootstrap new developers. Right now there is no existing code library, everything has to be made from scratch. Gelotto is aiming to leave tools behind that are useful and helpful for the Juno chain as a whole. Gelotto wants to build on Juno during the bear market. Right now we are building non-complex games with zero barrier entry. These games will be on mobile so people can play anywhere. Everything will be built on-chain without databases to ensure the future of the project.

Wynd Dex is out

Wynd stakers, be sure to vote to add Wynd incentives to the GLTO pool! Only the top 10 pools receive incentives each week. The Gelotto team will be adding external incentives to the pool soon.

Gelotto is hiring!!

Attention social media mavens! Are you a marketing pro with a knack for growing brands? If so, we want you to join our team as a Social Media Manager! If this sounds like the perfect fit for you, Join Discord and open a 🎫-ticket to chat or contact us on Twitter.

If you know someone who might be a great fit, please connect us - we're always on the lookout for top talent.

NFT Information and Updates

Gelotto Shoppe NFTs

Mostro del Gelotto NFTs

Cream Queens

Distributed via raffle to Gelotto Shope series 1 and Mostro del Gelotto holders! Utilities TBA! Some alpha dropped on Twitter: We plan to tie these into a game in the near future. Holding any of our NFTs will always give you some kind of reward/utility people didn't initially know about.

[REDACTED] series

Coming soon!

Dev Update

• Sports squares have been released for testing!

  • We're getting ready to release a homepage for Party Squares, Gelotto's take on the popular Superbowl Squares betting game. It will be powered by a new internal smart contract that lets us keep all of the data and logic that powers the app on chain instead of in a central database, like traditional web apps do. Going forward, we'll be able to create new types of games and other things, like user account contracts, much faster because we have a way of easily and efficiently querying collections of contracts to display in the app.

• Lottery Frontend

  • We made a handful of subtle stylistic improvements to the lotteries and added the ability to add descriptions to each one, where we can provide additional information that might be important for players to know, like whether there's an NFT in the pot

• Collaborations

  • We're also in initial talks with a couple of other blockchains out there, Cudos and Archway, who both want us to deploy contracts on their networks.

Games

• Be sure to check out the new Lottery page (the first part of v2). More features coming soon with v2 release.

• Play the month-long JUNO lotto!

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

Poker Payout Structure

New payout structure moving forward:

Once $250 USD (or other amount stated in the weekly poker instructions) is reached, 50% goes to the prize pool and the other 50% will be used to mint Gelotto Shoppe NFTs. All minted Gelotto Shoppe NFTs will be raffled off to participants in the final game. If there is not enough to mint a full NFT, the funds will roll over to the next final game.

Here is the payout structure chart

Read more about Gelotto Poker here

SHOUT OUT

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 fair drop for EVMOS during the future monthly snapshots.

    %[https://www.canva.com/design/DAFWrhW6jxc/view]

  • All snapshots are publicly posted on Gelotto Github

• Minimum staking values for monthly Gkey Airdrop

  %[https://www.canva.com/design/DAFWrtwU-us/view]

  • Hold:
    10k $GLTO in either Osmosis or Juno to earn monthly GKEY fair drops.
    Stake:
    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 Stats and Votes

Gelotto to become an IBC Validator hub

Help support decentralization and earn Gkey rewards for staking with us! Click on the icons in the picture below for a link to Gelotto's validator page for each chain.

How does the game work?

• A 10x10 grid is presented (100 squares), each row corresponding to a digit 0-10, and each column corresponding to a digit 0-10. The rows will be associated with one team playing in the Super Bowl, while the columns will be associated with the other team

• A player purchases one or more squares, each square representing a bet on the last digit of each team's score at various points during the game. The assets spent by each player to purchase each of the squares become the prize pool for the game. (10% of the prize pool is retained by Gelotto to fund future games)

• At the end of each quarter of play, if the last digit in each team's scores matches the numbers represented by a purchased square, the player who purchased that square wins a portion of the prize pool

How are prizes paid out?

• At the end of the first quarter of play, 5% of the prize pool is paid to the purchaser of the winning square, if applicable

• At the end of the second quarter, 15%

• At the end of the third quarter, 30%

• At the end of the fourth quarter (the end of the game), 50%

• For the first three quarters of play, if no player has purchased the winning square, the portion of the prize pool that would have been won rolls over to the subsequent quarters, split proportionally based on the percentages above

• For the final quarter of play, if no player has purchased the winning square, players will be refunded the remaining portion of the prize pool

Game Variations

• Squares may be randomized or fixed. If randomized, players purchase one or more squares without knowing the numerals that correspond to each row and column. If fixed, players may select squares that correspond to desired numerals (such as scores that more commonly occur in games of American football)

• Square prices may be uniform or variable. If uniform, all purchase prices are identical (suitable if squares are randomized). If variable, purchase prices for specific squares may be selected by the game creator or weighted based on statistical or historical values. For example, squares that correspond to values more likely to occur in football games may have a higher purchase price than squares that include unlikely values

• The ability to purchase a square may be restricted to a single player or be permitted to a selected number of players. If a winning square is purchased by multiple players, the prize for that square is divided equally among each player

• Prize distributions may be customized. For example, the prize pool may include a single distribution at the end of the game, or may be split among quarters (or halves or periods or an arbitrary time period) in any desired percentages. The ability for portions of the prize pool that are not won to be rolled over into subsequent time periods or refunded to players is also customizable

How do I access the Gelotto Squares Games?

• Gelotto is currently running games internally among its Discord community for test purposes - stay tuned for upcoming games and variations

• Because a few football games remain before the Super Bowl, Gelotto will be running Squares games for these football games as well -- join Gelotto's Discord and follow Gelotto on Twitter to receive information for participating in these games

Weekly Poker Schedule

Play in the qualifier games Wednesday, Thursday and Friday 1:00 PM UTC and 8:00 PM UTC. The winner earns free entry into the final game on Sunday at 8:00 PM UTC! Click here to find out how to join

The final game's minimum prize pool is $100.00 USD.

Congrats to last week's winners. The payout totaled $641.95 and 5 total NFTs

The other 50% of the prize pool (6,666 Stars) was used to mint 2 Gelotto Shopp NFTs. REKT Bull, Space Skellies, and HERO NFTs were donated by the projects as a collaboration. All 5 NFTs were raffled off to participants in the final poker game.

Winner list below

Merch Store Now Open

In celebration of our grand opening, we are offering a 15% discount to everyone for a limited time. Use the coupon code NEWYEAR23 to get the discount. The official website is https://shop.gelotto.io/

Gelotto to become an IBC Validator hub

Help support decentralization and earn Gkey rewards for staking with us! Click on the icons in the picture below for a link to Gelotto's validator page for each chain.

Gelotto is hiring!!

Attention social media mavens! Are you a marketing pro with a knack for growing brands? If so, we want you to join our team as a Social Media Manager! If this sounds like the perfect fit for you, Join Discord and open a 🎫-ticket to chat or contact us on Twitter.

If you know someone who might be a great fit, please connect us - we're always on the lookout for top talent.

NFT Info

Gelotto Shoppe NFTs

• 651 out of 1000 minted

• The floor price is around 1,700 STARS

• Owning a Gelotto Shoppe NFT also grants VIP status.

  • Discounts on Gelotto Merchandise in the Gelotto Merch Store

  • Free access to selected community poker games (stay tuned to the community discord for info)

  • The 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! Read more here

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

  • Other benefits once the main platform goes live, such as access to selected games or areas, UX features (avatars, banners, sound, etc.), and perks for certain games.

Mostro del Gelotto NFTs

Now available on Tori Marketplace

There are only 200 Mostros to be traded (214 total, with 14 of the Mostros minted for team PFP on v2 Gelotto platform)

View Mostro Statistics on the Tori-Live.io website

• All NFTs have a Small boost on the gaming platform when using $Tori as the in-game asset.

• NFTs can be used as profile pictures on Gelotto's v2 platform

• More benefits and alpha to be announced later!

Dev Update

• Released MVP Gelotto game platform

• About to release WalletConnect support so you can play games on mobile

• Adding more performance enhancements to new lottery page

• Finishing up WalletConnect integration

• Mobile support

• Lotto integration for the following assets including $OSMO $SCRT $TORI $HUAHUA $CZAR $STARS $USDC and more!

Lottery Creator Tool

Create your own lottery and earn royalties from the prize pot!!

The custom game creator allows the user to set the royalties they wish to receive from the prize pot along with background colors, button colors, ticket supply, ticket price, time limits, and game rules.

Games

• Be sure to check out the new Lottery page (the first part of v2). More features coming soon with v2 release.

• Play the REKT BULL lotto here

  

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

Weekly Poker Schedule and sign-up info

Play in the qualifier games Wednesday, Thursday and Friday (1:00 PM UTC and 8:00 PM UTC). Prizes for the Qualifier games are free entry into the final game on Sunday at 8:00 PM UTC!

Minimum Prize pool is $100.00 USD.

New payout structure moving forward:

Once $100 USD (or other amount stated in the weekly poker instructions) is reached, 50% goes to the prize pool and the other 50% will be used to mint Gelotto Shoppe NFTs. All minted Gelotto Shoppe NFTs will be raffled off to participants in the final game. If there is not enough to mint a full NFT, the funds will roll over to the next final game.

Here is the payout structure chart

Read more about Gelotto Poker here

SHOUT OUT

Other News

• Fed states 2023 is too early to begin lowering interest rates, keeping BTC price below 17k after brief rally.

• If Digital Currency Group (DCG) enters bankruptcy next week, it may be forced to liquidate large amounts of gBTC and cause market dump.

• If BTC falls below legacy trend line dating back to first bull market (will intersect next week), this may indicate end of the standard 4-year cycle and that "this time really is different".

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 fair drop for EVMOS during the future monthly snapshots.

    %[https://www.canva.com/design/DAFWrhW6jxc/view]

  • All snapshots are publicly posted on Gelotto Github

• Minimum staking values for monthly Gkey Airdrop

  %[https://www.canva.com/design/DAFWrtwU-us/view]

  • Hold:
    10k $GLTO in either Osmosis or Juno to earn monthly GKEY fair drops.
    Stake:
    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 Stats and Votes

Gelotto Events

New Years Poker Showdown

Play in the qualifier games for free entry into the final game on Jan 1st at 8:00 PM UTC!

Minimum Prize pool is $500.00 USDC.

Merch Store Now Open

Use the coupon code NEWYEAR23 to get a discount. The official website is https://shop.gelotto.io/

Gelotto to become an IBC Validator hub

Help support decentralization and earn Gkey rewards for staking with us!

Gelotto is hiring!!

Attention social media mavens! Are you a marketing pro with a knack for growing brands? If so, we want you to join our team as a Social Media Manager! If this sounds like the perfect fit for you, Join Discord and open a 🎫-ticket to chat or contact us on Twitter.

If you know someone who might be a great fit, please connect us - we're always on the lookout for top talent.

Initial airdrops ending

Unclaimed $GLTO airdrop will be reclaimed on the last day of the month. Most of the $GLTO will be sent to our DAO. More information on this soon.

To claim go to: https://gelotto.io/airdrop

Gelotto Name service claimed

To the Interchain... And Beyond! Hey frens, I just minted my name for the interchain on @icns_xyz

: Gelotto2

NFT Info

Mostro del Gelotto NFTs

Now available on Tori Marketplace

There are only 200 Mostros to be traded (214 total, with 14 of the Mostros minted for team PFP on v2 Gelotto platform)

View Mostro Statistics on the Tori-Live.io website

• GKEY was dropped to the winners on 12/24/22!

• All NFTs 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 NFTs

• 647 out of 1000 minted

• The floor price is around 1,500 STARS

• The 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!

• Owning a Gelotto Shoppe NFT also grants VIP status.

  

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

Dev Update

• Released MVP Gelotto game platform

• Wrote several new smart contracts that will make games easier to find and manage

• Started Player contract, which will allow multiple wallets to be associated with a unique Gelotto account, including a user profile and a single place to claim rewards won in games.

• Started working on WalletConnect integration

The first part of lottery V2 has shipped!

Enjoy the updated and mobile-friendly UX. Will be re-adding back mobile support after New Year.

Mobile Lottery Creator Tool

Create your own lottery and earn royalties from the prize pot!!

The custom game creator allows the user to set the royalties they wish to receive from the prize pot along with background colors, button colors, ticket supply, ticket price, time limits, and game rules.

Games

• Be sure to check out the new Lottery page (the first part of v2). More features coming soon with v2 release.

  

• Come play with new assets on the Gelotto Platform including $OSMO $SCRT $TORI $HUAHUA $CZAR $STARS $USDC and more!

• There will be a weekly Gelotto Lottery on the games page that runs from Sunday to Sunday.

• Congrats to the WYND lottery winner

  

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

SHOUT OUT

OTHER NEWS

• Hedge funds set to mark worst returns in 14 years. Crypto isn't the only rough market. It's been bad for all investors, all markets.

• Alameda research begins trading altcoins for more BTC. SBF cashes out about 600k USD worth of crypto. Normal people stupefied.

• Solana finally falls to < $10. About to be flipped by Avalanche.

• Atom holding price better than other altcoins while BTC crabs and other alts dump. Possible excitement about upcoming ICS implementation?

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 fair drop for EVMOS during the future monthly snapshots.

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

  • All snapshots are publicly posted on Gelotto Github

• Minimum staking values for monthly Gkey Airdrop

  %[https://www.canva.com/design/DAFWMhrF-TE/view]

  • Hold:
    10k $GLTO in either Osmosis or Juno to earn monthly GKEY fair drops.
    Stake:
    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 Stats and Votes

Merch Store Coming Soon!!

All VIP members (Gelotto Shoppe NFT owners) will get a discount on current and future merchandise!

Mostro del Gelotto Minted out in about 2 hours!

Grab one on the Tori Marketplace

There are only 200 Mostros to be traded (14 are team PFPs for the new v2 platform)

View Mostro Statistics on the Tori-Live.io website

• GKEY will be dropped to the winners next week!

• All NFTs 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 Update

• 647 out of 1000 minted

• The floor price is around 1,700 STARS

• The 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)

Gelotto to become an IBC Validator hub

Help support decentralization and earn Gkey rewards for staking with us!

Dev Update

Mobile Lottery Creator Tool

Create your own lottery and earn royalties from the prize pot!!

The custom game creator allows the user to set the royalties they wish to receive from the prize pot along with background colors, button colors, ticket supply, ticket price, time limits, and game rules.

Games

• Be sure to check out the new Holiday Lottos. There will be 7 lottos, one ending every day until Christmas. The one ending on December 25th is a $USDC lottery.

  

• There will be a weekly Gelotto Lottery on the games page that runs from Sunday to Sunday.

• Check out the new WYND Lotto

  

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

  Poker Schedule

  

  

SHOUT OUT

OTHER NEWS

• Elon Musk allegedly to step down as head of Twitter.

• Numerous metrics indicating crypto buy zone/bottom (BTC as oversold as it's ever been, recent MACD cross - historically followed by large pump), but macroeconomic conditions are poor leading investors to question whether this time is different.

• Digital Currency Group (DCG), parent company of Grayscale, is selling off assets - primarily altcoins, but a portion of Grayscale trust BTC (they own 600k) may be sold next.

• US Senate banking chair suggests the outright banning of crypto in the US due to FTX, also citing that that crypto is dangerous, a threat to national security, used for drug/human trafficking, and supports terrorism.

• CBDC test programs cropping up in various countries. Will the banks suddenly default and not have your fiat while the government steps in and issues CBDCs to everybody to save the day, ushering in a new era?

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 fair drop for EVMOS during the future monthly snapshots.

    https://www.canva.com/design/DAFVDWSrvVQ/view

  • All snapshots are publicly posted on Gelotto Github

• Minimum staking values for monthly Gkey Airdrop

  • Hold:
    10k $GLTO in either Osmosis or Juno to earn monthly GKEY fair drops.
    Stake:
    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.

Gelotto Validator Votes