The first IBC luck-based game plaform built on Juno
Gelotto is a luck-based gaming platform — a decentralized casino, built on the Juno network. Launching Q3 2022, Gelotto will initially offer lottery games for various IBC assets. Future expansions will include other games of chance, such as blackjack, slots, and more.
In addition to standard lottery games, Gelotto will offer a weekly Mega Jackpot game and an annual Grand Prize game, which are funded using a portion of each prize pool from the standard games, as well as other revenues, such as NFT sales and Proof-of -Stake validator commissions.
Gelotto will launch its first validator, on the Juno network, by the end of Q3 2022, with other validators to follow. To incentivize participation on both the Juno network and the Gelotto platform, Gelotto will distribute a portion of its secondary GKEY token to delegators that stake a minimum of 50 JUNO.
The GLTO token was distributed to owners of various IBC assets via an airdrop that became available on July 21, 2022. The Gelotto platform is planned to launch in August of 2022, first on testnet (with incentivized community participation to facilitate testing), then on mainnet when the first lottery games for IBC assets will become live.
Gelotto intends to heavily involve GLTO investors and the IBC community as a whole in the development process.
Gelotto is the first luck-based gaming platform on Cosmos. It currently offers lottery games for various IBC assets. Another thriving community joining the Sei ecosystem.