goETH GOETH

goETH is a wrapped or minted version of Ethereum (ETH) on the Algorand blockchain. It allows holders to store their ETH in a secure vault and mint goETH tokens on a 1:1 ratio. These goETH tokens can be used within the Algomint ecosystem or redeemed back for the original ETH later on demand.

GoETH is a unique cryptocurrency because it is minted on a 1:1 ratio with Ethereum (ETH) and stored in the secure vault of Copper.co. This means that holders of ETH can store their tokens and mint goETH, which represents the same value as their ETH holdings. This feature allows for seamless interoperability between the Ethereum network and Algorand, the blockchain on which goETH is built. Additionally, goETH can be redeemed back into ETH on demand. This integration of two prominent blockchains offers users the benefits of both ecosystems, providing liquidity and flexibility to holders of ETH.