GP11 Meld Gold x Algorand 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.
Current Focus?
1. Creating more on-ramps and off-ramps for Meld assets via a CEX listing, with additional community support being sought via the xGOV program. In conjunction with a CEX listing, market making would be integrated with the selected exchange to ensure liquidity.
2. Completing partner platform to allow the first select bullion dealers to fully utilise metals liquidity and offer Meld products to their customers.
3. New marketing strategy to go live in Q2, with a new brand persona and activity on additional social platforms.
Summary
What is the program goal?
Meld’s TDR program is aimed at achieving multiple elements in order to achieve these goals.
1. Increase utility. Via collaborative partnerships with other protocols within the ecosystem.
2. Retain current liquidity.
3. Incentivise new liquidity.
4. Increase the number of assets 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: 244,653 ALGO.
What will be incentivised & where (in $ALGO)?
Pact:
20,000 — $goUSD <> $GOLD$
18,500 — $goUSD <> $SILVER$
10,000 — $xUSD <> $GOLD$
10,000 — $xUSD <> $SILVER
10,000 — $SILVER <> $GOLD$
Folks Finance (Lending Pools Via Pact):
15,000 — $fALGO <> $fGOLD$
15,000 — $fALGO <> $fSILVER$
11,000 — $fUSDC <> $fGOLD$
10,193 — $fUSDC <> $fSILVER$
Tinyman:
19,980 — $ALGO <> $GOLD$
19,980 — $ALGO <> $SILVER$
$Humble:
20,000 — $goUSD <> $GOLD$
20,000 — $goUSD <> $SILVER$
AlgoRai:
25,000 — $GOLD$
X-NFT Awards:
20,000 $ALGO will be used for creating and distributing the Lunar Year of the Rabbit & Dragon awards, locking up GOLD$ & SILVER$ onchain and creating ASA backed NFT’s. A world first that creates additional layers of transactions and functionality.
Rewards will be distributed via: Wallet Address
*All numbers are approximates and will be updated and figures are finalised and accounting for community feedback received.
