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Gelato Network Launches Whitelist for Token Offering
The sale of the GEL token will officially launch on Sept. 13.
Gelato Network, an automated smart contract execution protocol, has opened the whitelist for its forthcoming token offering.
STORY CONTINUES BELOW
- The sale of the GEL token will start Sept. 13, according to an email from Gelato Thursday.
- The total supply of GEL tokens, which will be used for staking by node operators, is 420,690,000.
- Parties interested in joining the whitelist are encouraged to enquire at Gelato's website.
- The protocol, which aims to harness a decentralized network of bots to automate and simplify smart contract executions, has been backed by several decentralized finance (DeFi) firms including Aragon and InstaDapp.
- Gelato's goal of turning manual operations into repeatable transactions executed without monitoring could be applied to processes such as payments of salaries and regular supplier bills. Once set up, they could be repeatedly consistently.
Read more: Crypto Coin Listings Exploded in 2021
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
