GP10 Meld Gold Targeted DeFi Rewards (TDR) Distribution Plan
What is Meld Gold?
Meld Gold sets the standard for digitisation of Real World Assets launching an ‘industry gold token’ empowered by a marketplace of physically decentralised gold suppliers, global brands and a network of specialist partners. Utilising the Algorand Blockchain Gold can be traded 24 hours a day, in seconds for a fraction of a cent.
Summary
What is the program goal?
A new core objective has been provided by Algorand Foundation for the TDR program, with the goal to increasing the number of onchain transactions. Paired with Meld Gold’s long term goal to increase the amount of $BULLION assets issued on the Algorand blockchain.
Meld’s TDR program is aimed at achieving multiple elements in order to achieve these goals.
1. Increase utility.
2. Retain current liquidity.
3. Incentivise new liquidity.
4. Increase the number of asset paired with $GOLD & $SILVER on DEXes.
As Meld Gold comes under the bridge category (bridging RWA’s in this case) all rewards need to be distributed via trading platforms — Pact, Tinyman, Humble & AlgoRai. We are working with all 4 protocols on co-incentive plans as well as other ways to co-market in increase the effectiveness of the program.
We are also working with other platforms such as Algomint, Folks Finance, X-NFT & xBacked on co-incentivising certain trading pairs and other collaborating strategies.
Allocation
Amount: 369,383 $ALGO
What will be incentivised & where?
Pact:
50,000A — $goUSD <> $GOLD$
50,000A — $goUSD <> $SILVER$
40,000A — $xUSD <> $GOLD$
40,000A — $xUSD <> $SILVER
15,000A — $SILVER <> $GOLD$
Folks Finance (Lending Pools Via Pact):
10,000A — $fALGO <> $fGOLD$
10,000A — $fALGO <> $fSILVER$
Tinyman:
36,000A — $goUSD <> $GOLD$
7,200A — $goBTC <> $GOLD$
7,200A — $goETH <> GOLD$
$Humble:
25,000A — $goUSD <> $GOLD$
25,000A — $goUSD <> $SILVER$
AlgoRai:
23,983A — $GOLD$
X-NFT Awards:
30,000 $ALGO will be used for creating and distributing the Lunar Year of the Rabbit & Dragon awards, locking up GOLD$ & SILVER$ onchain and creating ASA backed NFT’s. A world first that creates additional layers of transactions and functionality.
% of the rewards dedicated to each of the Meld Gold assets:
$GOLD$ — 42.28%
$SILVER$ —49.60%
X-NFT Awards — 8.12%
Rewards will be distributed via: Wallet Address
