Description
Gelato Network is a decentralized backend for web3, offering automation, gas optimization, and off-chain operations for smart contracts. Its Rollup-as-a-Service (RaaS) platform supports over 50 rollups with built-in web3 services. Governed by a DAO, GEL token holders influence decisions through proposal discussions and Snapshot voting. The GEL token, with a total supply of 420,690,000, is allocated to community development, the team, private investors, and public sale. Gelato has raised $23.2 million in funding to expand its RaaS platform and enhance scalability for leading web3 projects.
Value Proposition
Gelato Network is a decentralized backend for web3, enabling developers to automate smart contracts, optimize gas usage, and handle off-chain operations. Its Rollup-as-a-Service (RaaS) platform allows developers to deploy custom rollups with built-in web3 services, supporting scalability and security for over 50 rollups used by leading projects.
Governance
Gelato Network operates under a DAO framework, empowering GEL token holders to influence the platform's development and operations. The governance process begins with community members proposing ideas on the Gelato Forum. These proposals are discussed and refined collectively. If a proposal gains sufficient support, it advances to an off-chain vote on Snapshot, where GEL token holders can cast their votes.
Tokenomics
Gelato Network's tokenomics are centered around the GEL token, which serves as both a utility and governance token. The total supply is 420,690,000 GEL, with allocations as follows: 50% for community development, 25% for the team, 21% for private investors, and 4% for public sale.
Previous Funding
Gelato Network has raised a total of $23.2 million across multiple funding rounds. These funds have helped Gelato expand its Rollup-as-a-Service platform
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