# Dividends

The ultimate goal of this protocol is to offer sustainability and yield by acquiring a vast holding of synthetic gold tokens on the Ethereum network. All algorithmic seigniorage protocols, including this one, stop emitting share tokens at some point. Our share tokens emit for two years and there is a finite cap of 70,000 total supply. At this point, the protocol will transition to its primary intending purpose. Utilize the yield from the DAO to emit a dividend style token which is 1:1 backed by synthetic gold tokens that the DAO holds.

This dividend-style token is one of the key differences between us and other attempts at algorithmically stabilized tokens on the blockchain, once the emissions end the protocol had little to offer. On the contrary, GoldMint will spend its entire two-year emissions phase building the DAO’s synthetic and algorithmic gold token holdings to reach its goal of acquiring substantial synthetic gold token holdings and yield-bearing crypto assets.

This dividend-style token will not slowly chip away at the holdings of the DAO but rather will be emitted sustainably based on the DAO’s daily yield. Ideally, the majority of the DAO’s yield every day will go to the protocol participants (just like the share token will for the first 24 months.) A small percentage of the daily yield will be added to the synthetic gold treasury, creating a sustainable, permanently growing, endowment-style fund that theoretically should be able to emit a synthetic gold-backed dividend token to its participants perpetually!


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