Proposal Details
Proposal #238
Proposal title
Add Gelotto developer wallet to the uploaders list
Submit time
Deposit end time
Voting start time
Voting end time
Tally result
Proposal #238 description
SUMMARY
This proposal seeks to whitelist the developer wallet
VOTING
A vote of Yes indicates agreement to whitelist the Gelotto developer wallet and permit deployment of smart contracts without requiring a passing governance proposal for each contract.
A vote of No indicates disagreement with the above and a preference that the status quo of requiring a passing governance proposal for each contract deployment is maintained.
BACKGROUND
Gelotto is a Web3 software company that focuses primarily on the development of cryptocurrency-based games of chance. Gelotto extensively uses NFTs as a core feature of its platform, with NFT ownership granting holders access to various community features and events. Ownership of certain NFT collections also grants holders a monthly receipt of a portion of the revenue generated by the Gelotto platform. Gelotto has developed tooling to automatically distribute these multi-asset revenues each month.
To date, Gelotto has released five series of collectable NFTs on Stargaze, as well as several utilitarian NFT collections used for various events and other purposes. Gelotto also operates a validator on the Stargaze network, as well as 13 other validators across the Cosmos/IBC ecosystem.
UPCOMING DEVELOPMENT
Over the next year, Gelotto intends to develop and deploy the following on the Stargaze network:
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A fractionalized NFT platform that enables shares in an NFT to be purchased and traded
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An animal racing game in which NFTs represent animals with various statistics (represented by the NFT metadata), as well as racetracks, and durable and consumable items usable to augment animals (affecting the odds of a race)
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“Staking as the House”: A platform that will enable Stargaze users to stake STARS tokens to be used as liquidity for the animal racing game above. Revenue from the game (such as NFT purchases, entry fees, and losing bets) will be distributed among stakers, while expenses for the game (such as paying out winning bets) will be taken from the staked tokens, with the odds expected to favor the house
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Other games of chance to be integrated with the staking as the house platform above
Each of these projects will require multiple smart contracts that interact with one another, as well as various modifications and redeployments to address possible errors, respond to user feedback, and change parameters.
Use of the governance system to create a proposal for each individual contract is likely to burden the main governance system and slow development. Whitelisting the Gelotto developer wallet to enable uploading of contracts outside of the governance system will address this issue.
ADDITIONAL INFORMATION
Parameter Changes: