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:
What is the program goal?
The long-term ambition is to scale the volume of assets bridged and basketed by Algomint on the Algorand blockchain. The TDR program is devised to encapsulate multiple aspects to achieve this goal:
1. Augmented utility.
2. User / liquidity retention.
3. Incentives for new liquidity providers.
4. Multi-platform collaborations.
As a bridge and asset basket provider in the Algorand ecosystem, all rewards within Algomint’s framework are to be distributed via trading platforms — Pact, Tinyman, & AlgoRai. Engagements are ongoing with all 3 protocols on co-incentive plans, alongside other strategies to co-market and enhance the effectiveness of the program. Additionally, partnerships are being forged with platforms like xBacked, Meld Gold, AlgoRai, Folks Finance and Messina to co-incentivise specific trading pairs and formulate collaborative strategies to further the program’s reach and impact.
Allocation:
Amount: 754,583 $ALGO
What will be incentivised and where:
X-NFT Series:
6.6 % of rewards will be utilised to create the X-NFT series 2, funds will only be used to pay the artists and direct costs of minting / issuing the NFT’s. All related development costs are covered by Algomint.
Rewards will be distributed via: Algomint Reward Wallet
