I have compiled a few questions regarding GEL mining and (des)centralization I woold like to know Gelato Digital GmbH’s take on:
- How will the ammount of GEL mined by executors be determined?
- Since most of the total supply at GelatoDAO launch will be owned by the team and the whitelist to get an executor slot will be written by the DAO, how will descentralization be achieved? Won’t those who own most GEL mine most of the remaining GEL?
- Since, as the team has said, not many executors are needed, how can we make sure not only a few people mine 50% of all GEL and centralize the network?
- Other than what is needed for gas costs, will executors charge a fee to the user for their service? Will they keep earning GEL if they also charge a fee?
As you can see, I am mostly concerned about centralization. I believe Gelato Digital GmbH trully wants Gelato Network to become descentralized, but I see a lot of friction to achieve that. Maybe they want to own the DAO for a couple of years and then sell their GEL? I really don’t know.
Similar questions have been asked and answered HERE