- The $GEL Token Sale will happen on September 13th, 2021
- Only whitelisted addresses will be able to participate. In order to apply for the whitelist, submit the official application form
- The whitelist will close very shortly after reaching 10,000 successful applications
- From these 10,000 applications, only 5,000 will be invited to complete the KYC process
- Only individuals that successfully completed the KYC process will be eligible to participate in the token sale
- For a list of countries that cannot participate in the sale, please see below the “KYC Criteria” section
- Individuals who already received an email prior to this announcement and who don’t reside in one of the countries mentioned in the KYC Criteria section have a whitelist spot secured and will soon receive an email to complete the KYC process
- Be cautious
- Team members of Gelato Network will NEVER DM YOU FIRST or ask you for money on any platform. You should be very skeptical of any DMs received by anyone claiming to be a Gelato team member
- Only trust Gelato Network’s official channels at the bottom of this announcement for information surrounding the token sale
- $GEL will not be available until after the completion of the token sale on September 13th, 2021
GEL Token Sale Details
- Whitelist Closing Date: The earlier of Saturday, August 28, 2021, or as soon as 10,000 applications have been reached
- Token Sale Date: Monday, September 13th at 09:00 AM PDT / 06:00 PM CEST (Check your local time here)
- Total Initial Supply: 420,690,000.00 GEL
- Public Sale Token Allocation: 16,827,600.00 GEL (4% of the total initial supply)
- Total Raise: $5,000,000.00
- Public Sale GEL Price: $0.2971
- Last Private Sale GEL Price: $0.2971
- Mode: First come, first serve (FCFS)
- Accepted Payment: ETH ($ amounts mentioned below will be converted to ETH equivalents based on a fixed ETH/USD rate shortly before the sale)
- Venue: Self-hosted
- Network: Ethereum Mainnet
- Initial Circulating Market Cap: $2,900,000.00
- Initial Fully Diluted Market Cap: $125,000,000.00
Pool 1: Whale Pool 🐳
- Total Amount: $3,000,000.00
- Number of Tokens: 10,096,560.00 (2.40% of total supply)
- Maximum Individual Allocation: $20,000.00
- Minimum Individual Allocation: $5,000.00
- Lock Up: 30% of tokens have no lock-up and 70% will be locked for 6 months
Pool 2: Dolphin Pool 🐬
- Total Amount: $2,000,000.00
- Number of Tokens: 6,731,040.00 (1.60% of total supply)
- Maximum Individual Allocation: $4,000.00
- Minimum Individual Allocation: $1,000.00
- Lock Up: None
How to Get Whitelisted?
Community members can apply here in order to register for a limited spot on the token sale whitelist. After reaching 10,000 successful applications, the whitelist will close and no further applications will be allowed to enter.
From those 10,000 applicants, 5,000 will be selected by the Gelato team based on applicants' responses in the application form and invited to complete the KYC process in order to participate in the sale.
In order to qualify for the whitelist the following tasks MUST be completed:
1) Follow Gelato on Twitter
3) Fill in and submit the application form
All whitelist applicants will be checked for valid Ethereum Wallet addresses, Twitter handles and Telegram or Discord handles. Bot entries will be removed. Entries with duplicate identities will be disqualified. Entries that have not completed ALL the above tasks will be disqualified.
Only qualified users that meet all the relevant requirements can be whitelisted for the token sale.
Successfully whitelisted individuals will be contacted by email from firstname.lastname@example.org to complete the KYC process in order to be able to participate in the token sale. Restricted countries are mentioned below in the KYC Criteria section.
How do I get whitelisted for the Whale Pool?
Every community member who gets whitelisted and passes the KYC process will be eligible to participate in the Dolphin Pool. Participants in the Whale pool will be hand-picked by the team based on their past engagement with Gelato and potential future value they can add to the community.
In order to be considered for getting whitelisted for the Whale Pool, please:
- Complete the normal whitelist application form and select the amount you want to invest as being no less than $5,000.00
- Answer the questions on the whitelist application form to showcase why you would be a positive addition to the Gelato ecosystem
Whale Pool participants will be selected entirely at the discretion of Gelato.
GEL Token Distribution