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:

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.