New Token Offering Complete Guide — Gelato Network(Ethereum)

DefiCalendar
2 min readAug 19, 2021

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Gelato Network is an automated smart contract execution protocol. Due to the limitations of smart contracts, complex order types are difficult to execute on chain. With Gelato network, projects who need to constantly perform liquidation and arbitrage actions can use the bots from Gelato Network to automate these procedures. Here is a YouTube video where they explain what they do.

For retail traders, Gelato Network provides a limit order service on chain. Their service now supports Uniswap, Quickswap and Spookyswap. They also have a DCA bot on chain for those who like to average out their cost.

They have just opened the whitelist for its forthcoming token ($GEL) offering. The important details of the token sale are as follows. For more details, head to their medium.

  • Public Sale GEL Price: $0.2971
  • Accepted Payment: ETH ($ amounts mentioned below will be converted to ETH equivalents based on a fixed ETH/USD rate shortly before the sale)
  • Network: Ethereum Mainnet
  • Initial Circulating Market Cap: $2,900,000.00
  • Initial Fully Diluted Market Cap: $125,000,000.00

The whitelist will close after reaching 10,000 successful applications. From these 10,000 applications, only 5,000 will be invited to complete the KYC process.

Follow the steps for a chance to get on the whitelist.

Step 1:

Follow Gelato on Twitter and join Gelato’s Official Telegram or Discord.

Step 2:

Fill in and submit the application form.

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DefiCalendar

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