goMINT token

Algomint Token
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The Wait is Over
Algomint Governance Token Launches a Bridge to the future




March 30, 2022

Today’s token launch marks a significant step in Algomint’s evolution. The much anticipated Algomint governance token, goMINT, is the first Algorand-native three-way listing on AlgoFi DEX,PACT and Tinyman,and onAlgorand. Launched today at 9am AEDT on 30 Mar, 2022, the listing will also offer the top buyers chance to win 1 of 300 much anticipated Blackbook NFTs from one of the world’s leading graffiti artists! As Algomint moves to be a decentralised smart contract platform, the goMINT token will become critical to governing the protocol.

Setting investors up for success

Investors looking to take advantage of the early token price will need to connect their ALGO wallets with AlgoFi DEX, PACT or Tinyman. Users will be able to use the “swap” feature on each platform to acquire the token. To make for an easier trading experience, we’ve created this instructional video to show users how to acquire the token.

Price maintenance, risk mitigation and investor security

The goMINT token launch will include three equally distributed $1M liquidity pools across the three DEX’s of goMINT/ALGO. Approximately 2–3% of the token supply will be sold into these pools over 12 hours . To safeguard its investors against price fluctuations, Algomint will be manually maintaining the price between 0.10 -0.15c, with robust bot contingencies across the 3 DEX’s. Initially there won't be single sided government staking, it will be staking in the LP pairs across some of the Algorand DeFi platforms, with announcements to be made on Algomint’s Twitter account as joint liquidity incentive programs are formed.

As with all token purchases, investors need to be conscious of fake tokens and only opt in ASA 441139422 in their ALGO wallets (Click here for wallet preparation guide) as the genuine goMINT token. . The price will be maintained between 0.10 - 0.15c for the initial 12 hours before opening up to free market price discovery. Investors are cautioned against paying extra during price fluctuation and it’s always better to buy as the price movement calms down.

Algomint token utility

The key utility of goMINT will be for platform governance activities pertaining to voting on token listings, blockchain integrations, fees, treasury management, and where the protocol is heading from a functionality standpoint. In the future, extra incentives have been earmarked, such as reduced fees through staking, eligibility for rewards through participation, including LP rewards pools.

goMINT tokenomics - a low emissions schedule

Initially rewards and incentives will be fuelled from the Treasury allocation of goMINT tokens. Once depleted, it’s expected that protocol fees will shift to the Buy-&-Make model for rewards and incentives, channeling initial fees back into the pools for building protocol owned liquidity. With the treasury expected to last 5+yrs this will provide a significant runway allowing the treasury to amass a sufficient LP position generating long term revenue and providing deep liquidity in the goMINT token.

With a total supply of 1 billion tokens, it’s estimated 6% will go into circulation in the first month in the liquidity pools. Tracking on a linear emissions schedule, the plan is to release 2.5 % to the public sale, with 48.5 % being retained inside the treasury. To read the full details on goMINT token distribution, access our document here.

Protocol owned liquidity

A portion of fees collected by the Algomint protocol will be converted into $goMINT and other base asset’s Liquidity Pool pairing inside one or multiple DEXes. Any fees collected in $goMINT will remain in the treasury until they can be LP’d. This removes goMINT tokens from the market, creates deeper liquidity, and can generate long term revenue through Liquidity Pool trading fees.

International Launch Times:

To ensure equitable access for global investors to purchase upon token launch, a 12hr price maintenance window will cover global time zones:

LA 4pm on 29 Mar, 2022.

NY 7pm on 29 Mar, 2022.

London 11pm on 29 Mar, 2022.

Singapore 7am on 30 Mar, 2022

BRIS 9am AEDT on 30 Mar, 2022.

SYD 10am AEDT on 30 Mar, 2022.

About Algomint

Algomint is a cross-chain liquidity network, with a focus on maintaining liquid interoperability while safely and securely optimising capital efficiency and cross chain transactions. goMINT is the protocol's native governance token used to manage the Algomint DAO which also controls the DAO treasury that is the recipient of fees generated on the platform. Users will stake their goMINT tokens to participate in governance and earn rewards.

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Learn about the core concepts of Algomint and explore developer documents.

View FAQschevron
What is Algomint?chevron
Algomint is a digital asset bridge built on the Algorand blockchain. Our product allows users to bring their favourite assets across from other chains while maintaining their value and enhancing them with the power of Algorand’s speed, security, low cost, and carbon negativityWith the new capabilities that are coming over time it is growing into a liquidity network, which will allow the flow of equity between chains, help consolidate like for like assets to allow for more efficient trading and stabilise the market through using the bridged liquidity to arbitrage.

Why would you wrap your digital assets?chevron
Wrapped tokens allow interoperability and flexibility. This means they act as a bridge between blockchains allowing users from one network to use their crypto tokens on another network. Users can retrieve original assets at any time by burning the wrapped asset.

How do I use Algomint?chevron
The team have created a detailedstep-by-step product guide for users to refer to while using Algomint.

How can I get support if I’m experiencing issues using the platform?chevron
You can request support at any time by leaving a support ticket on the Algomint App orAlgomint.io

Will Algomint add more assets to mint in the future?chevron
Algomint is regularly looking for ways to expand its pool of assets, with USDC set to be integrated next. Other assets that will be added in the future include ERC20 tokens, HNT, and other popular blockchain coins and tokens.

What is the utility of the goMINT token?chevron
Holders of the goMINT token can take part in governance in future to manage the treasury which holds protocol owned liquidity accumulated with fees gathered from various functions, including asset baskets, liquidity aggregator, and arbitrage. Beyond governance there will also be extra incentives such as reduced fees through staking and rewards through participation, including LP rewards pools.

Does Algomint have any incentive programs?chevron
In Q1 2022 it was running part I of the Aeneas Incentive Program supported by the Algorand Foundation. We are planning the next round of liquidity incentive program which will be improved from the first one based on community feedback.

Are there any risks of using Algomint?chevron
As with all DeFi products, users should always do their due diligence and proceed with caution when putting their assets to work on the blockchain. We have a support team that helps with refunds to help minimise your operational risk from using the Algomint product. Check out theSecuritypart of this guide document for further risk and mitigation information.

Algomint Glossarychevron
Asset wrapping: It is also called ‘minting’ or ‘bridging’. The process of bringing an asset from one chain and converting it across to another. This can be done by locking away one asset for the equivalent value of another on the other chain. The reverse process is called ‘unlocking’ or ‘unwrapping’ where you burn the wrapped assets like goBTC or goETH while retrieving the original assets like BTC, ETH, etc.

Community governance: An on-chain governance model which allows users to vote on DeFi project changes directly from the blockchain. This is an important part of the decentralisation process of a project and is the ultimate goal of many Web3 projects, including but not limited to DeFi.