Algold Token

Introduction And Allocation

To facilitate on-chain governance and platform development, Algold finance will issue an ASA governance token called ALD. Algold Token (ALD) is the governance and utility token of Algold Finance. Its total amount is constant at 500 million, and all these tokens are to be distributed and circulated as follows.

Distributed to	Percentage	Main Usage	Unlocking Method and Cycle
Rewards for initial liquidity mining	10%	For all liquidity miners	Wholly unlocked
Rewards for forward mining	35%	Mainly for the new liquidity mining schemes to be launched in the future, community construction and promotion, project partnership, etc. Details in the release of forward mining rewards are decided by the community voting, including the time of release, mining market, and shares released.	Unlocked on demand by community voting
Project operation and maintenance	20%	To keep the network secure and maintain project functions	Unlocked in 9 times in four and a half years, with 2.5% unlocked every half a year
Team incentives	10%	For the core team and future employees	Unlocked in four times in 2 years, with 2.5% unlocked every half a year
Early investors	25%	Distributed to long-term strategic investment institutions of the project and For early investors on token sale	Unlocked in four times in a years, with 25% unlocked every quarter.

Use Case

Governance

Governance rights make it straightforward for any token holder to contribute meaningfully to the Algold finance. No on-boarding or firewall to keep out would-be contributors. The community can develop proposals, and ALD token holders can vote on listed proposals.

Proposals

The Algold finance team will continuously listen to the community and collect proposals through governance portal. Everyone is welcome to post proposals regardless of being community members or token holders.

Vote

Once proposals have passed screening and selection successfully, they will be listed for official voting. ALD token holders can participate in voting, and their voting power is proportional to their holdings.

Crowdfunding

Investor need to obtained ALD token from the DEX-AMM. Add liquidity ALD/ALGO or ALD/USDC in the liquidity pool In order to to take part on crowfunding.

Staking, Liquidity Mining And Yield Farming

Users are allowed for passive revenues on much like earning interest on their savings account. User can stake ALD and participate on Liquidity Mining And Yield Farming to earn ALD or other token.