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)

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

Osmosis DEX: Pool #778 -osmosis.zone
Junoswap DEX: JunoSwap — Pool 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)

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)
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)