Meld Gold proposes to have GOLD$ & SILVER$ ASA’s listed on a global centralised exchange in conjunction with developing the ability to market make ensuring the assets are readily available with minimal pricing spread.
- Michael Cotton - Founder
- Dom Hawton - CTO
- Brendan Biddell - CMO
- Brent Doughty
- Michael Simpson
- AJ Milne
Team and advisor backgrounds are available here.
The team has delivered GOLD$ and SILVER$ within the Algorand ecosystem including developing and launching market making capability connecting the liquidity within the traditional precious metals market into Algorand DeFi. Meld’s assets have had over 300,000 on chain transactions and over $1,500,000 in TVL within Algorand DeFi (according to Vestige.fi as at 22/01/24).
Meld Gold is seeking 250,000 ALGO to cover the costs of listing GOLD$ & SILVER$ on a global exchange and develop market making capabilities to ensure the assets are readily available with minimal spreads. This is achieved by Meld Gold acting as the market maker between the traditional gold industry and the digital market, bridging the extreme deep and liquid bullion markets with the Web3 economy.
Process if approved:
Negotiations with exchanges to continue (initial discussions have already begun) locking in a selected exchange.
Development of market making capabilities that will be adaptable for other future listings.
Testing market making to ensure it is functioning as intended.
Coordinate launch marketing with the partner exchange.
Launch tokens live in conjunction with marketing making, exchange liquidity and marketing initiatives to capitalise on the new listing.
This will help bring additional eyes and onramps to Algorand, the team will also undergo a marketing campaign with the selected exchange as a part of the tokens launching.
Very few (in most cases 0) ASA’s are listed in CEX’s the more that are listed the easier it will be for future additional tokens to be launched.
Being orderbook based combined with Meld Gold market making GOLD$ and SILVER$ will be made available to buy and sell in volume with minimal spread and slippage greatly increasing the speed and quantity that can be brought onchain.
Please feel free to ask any questions in the comments below.