What is Algomint
Algomint pioneered the bridge for BTC and ETH to Algorand, in addition we have established a robust platform incorporating BTC, ETH, and USD baskets for seamless swaps and trading of like for like assets. By leveraging the Algorand Blockchain, Algomint enables round-the-clock operations with lightning fast transactions executed in a matter of seconds for minimal fees.
Summary
Project goal:
We will continue our general priority as stated in our GP7 Report pertaining to maximising liquidity inflow and increasing the depth of goBTC, goETH and goUSD liquidity pairs. In addition we will add X-NFT rewards and participate in a 100,000 ALGO joint initiative with MessinaOne further supporting goBTC and goETH utility within the AlgoRai platform. The long term goal being to drive adoption and utility of goASSETS via the following initiatives:
1. Enhance Value.
2. Retain existing liquidity / user retention.
3. Foster Cross-Platform Partnerships
4. Increase liquidity of Bridged assets
All rewards allocated to Algomint will be distributed directly through dex’s such as Pact, Humble and Tinyman. In addition collaborative efforts are in motion with Folks Finance, xBacked, MessinaOne, AlgoRai and Meld Gold to provide co-incentive plans boosting rewards and utility for goASSET holders. These synergies are aimed at amplifying the awareness and effectiveness of the overall program and will support the growth of goASSETS across the ecosystem.
What will be incentivised & where?
Allocation:
Amount: 815,250 ALGOs
Rewards distributed via: Algomint Reward Wallet
