What is Gelotto:

Gelotto, launching in August 2022, will feature lottery games for various IBC crypto assets, with other games (slots, blackjack, etc.) planned after the initial launch. Gelotto’s native token, GLTO, will be distributed by airdrop, and claimable on 7/20 (at approximately 19:00 UTC).

Gelotto will allow participation in lotteries for a variety of IBC-enabled crypto assets, including ATOM, OSMO, JUNO, SCRT, STARS, and more. Lotteries may be expanded as other assets become accessible to the IBC (such as Bitcoin and Ethereum).

Some lotteries may be small and run hourly. Some may be larger and run daily or weekly.

Portions from each lottery pool will be set aside for weekly mega-jackpots and an annual grand prize game. The grand prize game is intended to have extremely lucrative prizes! (See the blog post linked below!)

The Airdrop:

Visit the following link to check whether you qualify to receive the GLTO airdrop: Gelotto · Airdrop

GLTO will be airdropped to ATOM, JUNO, SCRT, OSMO, and STARS stakers, and NETA holders. Snapshots were completed between 6/10/2022 and 6/15/2022. (Note: Due to differences in the manner in which SCRT addresses are derived, a separate claiming process for the SCRT portion of the airdrop will be used.)

1-2 weeks after the airdrop, GLTO will be available on Osmosis (frontier.osmosis.zone), Junoswap (junoswap.com), and other exchanges, and through participation on the Gelotto platform after its launch.

Uses for GLTO:

• Play games – there will be lotteries for GLTO in addition to other assets.
  
• Spend – GLTO may be used to buy tickets for other lotteries or unique Gelotto NFTs.·
  
• Govern – GLTO may be used to vote on which games appear on the website and the parameters of those games (ticket cost, timeframe for recurrence, how prizes are distributed, and more).
• Hold for a chance to win grand prizes – annual grand prize event with prizes valued at 50,000 USD planned, including a 10-100 BTC grand prize (see blog post linked below).

Additional information:

• Gelotto subreddit: r/Gelotto/
• Gelotto blog: https://blog.gelotto.io/
• Discord: https://discord.gg/5TdbdFp7VM
• Twitter: @Gelotto2
• Whitepaper: Gelotto Whitepaper
• Gelotto website (under development): https://gelotto.io/
• Airdrop checker: https://gelotto.io/airdrop