GoMinings Brand Evolution Continues with Tokenomics Updates

The Rewards of Bitcoin Mining Made Accessible with GoMining

Participating in crypto through Bitcoin mining is not only rewarding but also crucial for supporting the network and earning Bitcoin. However, in today’s competitive landscape, successfully mining a block and maintaining a Bitcoin node can be incredibly challenging. Fortunately, GoMining is changing the game by making Bitcoin mining more accessible to individuals worldwide who may not have the resources to build their own mining farms.

GoMining, a Bitcoin mining company, is on a mission to simplify and democratize Bitcoin mining. Their flagship product, the GoMining NFT, offers daily mining rewards and has consistently provided stable rewards to stakeholders over the past two and a half years. With over 2,000 unique NFT holders and growing, GoMining is expanding its reach.

In collaboration with MMA legend Khabib Nurmagomedov, GoMining recently launched the Khabib NFT collection, featuring high-energy-efficient NFTs with strong computing power.

Introducing GOMINING: The Token Powering the GoMining Ecosystem

The official token of the GoMining ecosystem, GOMINING, serves multiple purposes. It is used for paying mining fees and distributing rewards within the ecosystem. GOMINING operates on three main mechanics:

Discount Token Model: GoMining NFT holders can pay mining fees using GOMINING and enjoy a 10% discount, increasing their Bitcoin earnings.

Burn & Mint Process: GOMINING used for mining fees is burned, and a smaller amount of newly minted GOMINING is redistributed to service providers, veGOMINING stakers, NFT holders, and the GoMining team.

Vote-Escrow (ve) Tokenomics: Users can lock their GoMining tokens to the veGOMINING contract, gaining governance rights and a share of rewards allocated to governance participants.

The discount token model enhances the utility of GOMINING for NFT holders, while veTokenomics and the burn & mint process work together to limit the token supply over time. Additionally, the veTokenomics incentivizes community governance within the GoMining ecosystem, granting voters influence over reward distribution to NFT holders.

The new GOMINING token mechanics offer several benefits:

NFT holders can earn more Bitcoin per day with discounted mining fees.

GOMINING holders can access 20% of newly minted tokens through vote-escrow.

NFT holders have a chance to earn 10% of newly minted GOMINING.

NFT holders can lock GOMINING tokens and vote to distribute an additional 10% of tokens back to their NFTs.

The Concept of Liquid Bitcoin Hashrate (LBH)

Liquid Bitcoin Hashrate (LBH) involves tokenizing hash power utilized in Bitcoin mining. LBH tokens represent the value of actual computing power. GoMining introduced the first successful implementation of LBH with their GoMining NFT, offering tokenized Bitcoin hashrate as an alternative to building a Bitcoin node.

LBH tokens, such as the GoMining NFT, can be bought and sold, just like tokenized staked Ethereum. GoMining aims to make their NFTs available on all decentralized marketplaces and DeFi-friendly, enabling lending or collateralization for borrowing.

All these developments enhance the usability of the GoMining NFT and the wider GoMining ecosystem.

Earning Opportunities with GoMining

Now that you understand the GoMining ecosystem, GoMining NFTs, and the GOMINING token, here are three ways to earn with GoMining:

Buy a GoMining NFT: Earn daily Bitcoin rewards based on the NFT’s computing power and energy efficiency.

Lock GOMINING: Lock your GOMINING tokens to receive 20% of newly minted tokens through vote-escrow.

Vote on GOMINING Rewards Distribution: Participate in deciding how to distribute 10% of newly minted tokens, including the option to send rewards to your NFT.

GoMining’s mission to make Bitcoin mining accessible for everyone is evident through their GoMining NFT and the recent updates to the GOMINING token. Keep an eye on this company as we enter the next bull market.

For more information, visit the GoMining website.