Algomint Q1 TDR (2024) GP10 Adjusted

What is Algomint?

At the forefront of blockchain innovation, Algomint has been a trailblazer in bridging BTC and ETH to Algorand. Beyond just a bridge, our platform is a powerhouse featuring BTC, ETH, and USD baskets, enabling users to effortlessly swap and trade comparable assets. Harnessing the power of the Algorand Blockchain, we ensure operations are seamless, transactions lightning-fast, and fees exceptionally low, redefining round-the-clock blockchain efficiency.

Summary

Project goal:

In line with our objectives from the Q4 2023 Report, our core mission continues to revolve around maximising liquidity inflow and deepening the liquidity of goBTC, goETH and goUSD pairs. Key developments include the introduction of X-NFT rewards and a collaboration in a 80,000 ALGO initiative with MessinaOne, aimed at reinforcing the utility of goBTC and goETH within the AlgoRai platform. Our long-term vision focuses on driving adoption and utility of goASSETS through the following strategies:

• 1) Elevating intrinsic value.
• 2) Maintaining and growing our user base.
• 3) Establishing strategic cross-platform partnerships.
• 4) Enhancing liquidity for bridged assets.

All rewards due to Algomint will be distributed through leading DEX platforms such as Pact, Humble and Tinyman. Additionally, we are forging synergistic collaborations with entities like Folks Finance, xBacked, MessinaOne, AlgoRai, X-NFT and Meld Gold to develop co-incentive schemes that enhance rewards and utility for goASSET holders. These collaborations are instrumental in boosting the visibility and effectiveness of our initiatives, supporting the proliferation of goASSETS throughout the blockchain ecosystem.

Our roadmap for incentivization is clear and strategic. We’re committed to reinforcing the value proposition of goASSETS, ensuring that every initiative and collaboration we undertake significantly contributes to the broader goals of Algomint. The specific areas and platforms for incentivization, along with the detailed mechanisms, will be a key focus in our ongoing communications and updates.

Adjustment:

Algomint has taken into account community feedback and made some variations to the GP10 TDR plan. This includes removing incentives from some smaller more exotic pools and increasing rewards to a select number of more significant pairings.

Allocation: 657,283A

What will be incentivised & where?