Gelato
Crypto Overview
Overview
Gelato is a decentralized protocol that enables automated smart contract executions on various blockchain networks. The GEL token serves as the network's native utility and governance token.
Purpose and Utility
Gelato's primary purpose is to automate blockchain operations and smart contract executions. The protocol acts as a decentralized network of bots that execute smart contract functions based on predefined conditions. The GEL token is used for governance decisions and as payment for network services.
Business Model Evaluation
The business model centers around providing automation infrastructure for blockchain applications. Users pay for execution services using GEL tokens, and token holders can participate in governance decisions. The protocol operates transparently, with all operations visible on-chain.
Real-World Adoption
Gelato has established partnerships with numerous DeFi protocols and is actively used across multiple blockchain networks including Ethereum, Polygon, and Binance Smart Chain. The protocol processes thousands of automated transactions daily, demonstrating actual utility.
Token Distribution and Governance
The GEL token distribution includes allocations for the team, early investors, and the community. Team tokens are subject to vesting schedules to ensure long-term alignment. The project maintains active development with regular updates and improvements to the protocol.
Crypto Impact
To assign a comfort level investing in Gelato from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Gelato.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.