# The Gelotto Token (GLTO) – A Brief Summary

## What is the Gelotto Token (GLTO)?
- GLTO is the native token for the Gelotto platform, which hosts cryptocurrency lottery games (launching September 2022), with future plans to expand to include other games of chance.  (Link: [Gelotto Whitepaper](https://blog.gelotto.io/gelotto-cryptocurrency-based-games-of-chance-governed-by-smart-contracts))

#### Token Address

[juno1j0a9ymgngasfn3l5me8qpd53l5zlm9wurfdk7r65s5mg6tkxal3qpgf5se](https://www.mintscan.io/juno/wasm/contract/juno1j0a9ymgngasfn3l5me8qpd53l5zlm9wurfdk7r65s5mg6tkxal3qpgf5se)

![image.png](https://cdn.hashnode.com/res/hashnode/image/upload/v1661098988199/rgXp5-gjH.png align="left")

## Tokenomics
- Max Supply: 420,690,000
- 60% distributed via airdrop to holders of ATOM, JUNO, OSMO, SCRT, STARS, and NETA
- 15% distributed as incentives to liquidity providers
- 15% distributed as incentives on the Gelotto platform and through community events
- 10% distributed to developers, vesting over 36 months

![image.png](https://cdn.hashnode.com/res/hashnode/image/upload/v1661099531044/_4djIc-5w.png align="left")

## How to acquire GLTO
- Osmosis DEX: [Pool #778 -osmosis.zone](https://frontier.osmosis.zone/pool/778)
- Junoswap DEX: [JunoSwap — Pool JUNO/GLTO](https://junoswap.com/pools/JUNO-GLTO)
- Provide liquidity on Osmosis DEX or Junoswap DEX and receive GLTO incentives
- Participate in Gelotto events
- “Staking as the house” and staking with Gelotto DAO (coming soon – Link: [Gelotto Year 1 Roadmap](https://blog.gelotto.io/gelotto-a-roadmap-for-year-1))

![image.png](https://cdn.hashnode.com/res/hashnode/image/upload/v1661099652897/UdNBk5POp.png align="left")

## Uses for GLTO
- Play games of chance on the Gelotto platform using GLTO to purchase tickets or place bets
- Hold a selected amount of GLTO (currently 10,000) to receive monthly airdrops of Gelotto Keys (GKEY), Gelotto’s rare secondary asset used in its annual Grand Prize game  (Link: [Gelotto Grand Prize Game](https://blog.gelotto.io/grand-prizes-for-gelotto-a-chance-to-win-10-100-bitcoin-playing-games-on-the-juno-blockchain))
- Provide GLTO as liquidity in GLTO liquidity pools to receive incentives
- Stake GLTO “as the house” or with Gelotto DAO (both coming soon) to receive incentives
- Buy, sell, and trade GLTO using GLTO liquidity pools, and possibly other means
- Spend or burn a small amount of GLTO to create a game having custom parameters (pending testing)
- Purchase Gelotto assets or merchandise (future expansion)

![image.png](https://cdn.hashnode.com/res/hashnode/image/upload/v1661099707825/3txuxpyFy.png align="left")

## Pricing Information
- DexScreener: [GLTO/OSMO on Osmosis - DEX Screener](https://dexscreener.com/osmosis/778)
- CosmosPug: [Gelotto chart – CosmosPug](https://cosmospug.com/gelotto-chart/)
- Osmosis DEX: [GLTO - Osmosis Info](https://info.osmosis.zone/token/GLTO)
- JunoSwap DEX: [GLTO | JunoSwap](https://info.junoswap.com/cw-20-token/GLTO)
- CoinGecko: Coming soon