Buy Gelato (GEL)
What is Gelato?
Gelato is a decentralised backend for Web3 applications. It provides a range of services for developers, facilitating the creation of smart contracts that are automated, gasless, and capable of off-chain operations. Gelato functions across major EVM-compatible blockchains, enhancing the capabilities of smart contracts with advanced automation and integration features.
How does Gelato work?
Gelato operates on a network of node operators that manage its services, which eliminates centralised points of failure while ensuring redundancy and security. It supports EVM-compatible blockchains like Ethereum, and utilises services such as Web3 Functions for off-chain data connectivity, Automate for transaction execution, and Relay for gasless transactions. By integrating with existing blockchain infrastructure, Gelato enables sophisticated smart contract functionalities efficiently.
What are the potential use cases for Gelato?
Gelato's technology is applicable in various domains, including:
- Yield Farming: Automating yield harvesting and managing rewards.
- Oracles: Providing off-chain data to smart contracts.
- Gaming and NFTs: Facilitating dynamic NFT updates based on real-world data and automating gaming transactions.
- DeFi: Enhancing transaction automation and executing gasless transactions across multiple DeFi platforms.
Notable applications and partnerships include its integrations with projects like AAVE, Sushiswap, and MakerDAO, which rely on Gelato’s capabilities for transaction automation.
What is the history of Gelato?
Gelato was founded by Hilmar Orth and Luis Schliesske, with a background in developing smart contract applications for European companies. It launched in late 2021 and quickly grew, achieving a substantial market presence in decentralised smart contract automation. Significant milestones include a GEL token sale in September 2021, a Series A funding round raising $11 million, and integrations with platforms like MakerDAO and Gnosis Safe. As Gelato continues to evolve, it expands its decentralisation and technology capabilities, supporting various blockchain infrastructures and enhancing developer offerings.
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Frequently Asked Questions (FAQs)
What is the current price of Gelato (GEL)?
The Gelato price is $0.33120667 AUD, representing a -7.7% from the day prior.
Where is the best place to buy Gelato (GEL) in Australia?
The best place to buy Gelato (GEL) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Gelato (GEL) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Gelato (GEL)?
The trading volume of Gelato (GEL) is $295.4K AUD in the last 24hrs, representing a -7.7% from the day prior.
How can I buy Gelato (GEL)?
Gelato (GEL) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Gelato (GEL)?
The current market cap of Gelato (GEL) is $77.5M AUD.
Can I convert Gelato (GEL) to cash?
Yes - With Coinstash you can convert your Gelato (GEL) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Gelato (GEL) are there?
The current circulating supply of Gelato (GEL) is 235.8M.
Is Coinstash a safe place to buy Gelato (GEL) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Gelato (GEL) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.