Gelato
Crypto Overview
Understanding Intended Utility
Gelato Network is a decentralized automation protocol built on Ethereum that enables developers to automate smart contract executions. The GEL token serves as the network's governance token, allowing holders to participate in decision-making regarding protocol upgrades and parameters. The token also functions as a means of payment for automated execution services within the network.
Actual Utility Assessment
The network has demonstrated significant real-world adoption, with numerous partnerships and integrations across various DeFi protocols. On-chain data shows active usage of Gelato's automation services, with the protocol executing thousands of automated transactions daily. The development team maintains regular updates and improvements to the protocol's infrastructure.
Token Distribution and Founder Analysis
The token distribution includes allocations for the team, advisors, and early investors with appropriate vesting schedules to prevent immediate dumping. The founding team has maintained transparency about token allocations and demonstrates continued commitment to development rather than focusing solely on marketing. The project's GitHub repository shows consistent development activity.
Technical Implementation
The protocol's core functionality revolves around automating legitimate blockchain operations, providing real utility through its automation services. The revenue model is based on service fees paid in GEL tokens for automation services, which does not involve interest-bearing mechanisms or prohibited activities.
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.