GoMining Token Burn and Mint Report - March 2025
GoMining Token Burn and Mint Report - March 2025
🔥 Tokens Go Up In Flames
GoMining continues its deflationary tokenomics with latest burn cycle results:
- Burned: 1.64M GOMINING tokens
- Minted: 1.39M tokens
- Net Reduction: 250K tokens from circulation
This follows a significant 8M token burn in Epoch 4. The protocol maintains its deflationary mechanism where burn amounts consistently exceed minting, reducing total supply over time.
Community governance remains active with veGOMINING holders directing token distribution through voting.
Next voting cycle is now open for participation.
1.64M $GOMINING burned. 1.38M back in supply. Every burn and mint cycle, we balance the supply of #GOMINING tokens with fewer tokens, and allocate newly minted tokens according to your votes ⛏️👾 GoMining tokenomics >>>>
🔥 1.64M tokens burned. 1.39M minted. You voted, you shaped it. Your choices decided exactly where a chunk of newly minted #GOMINING tokens landed. Now it’s time to vote in the next cycle — are you in? ⛏️👾
🔥 8M GOMINING tokens burned in Epoch 4🔥 Now, Epoch 5 is here! GoMining remains steady because it’s backed by real utility & solid token economics. Burning = fewer tokens = more value & rewards for you. That's our deflationary tokenomics at work ⛏️👾
GoMining Platform Updates: Stablecoin Integration and Wallet Improvements
GoMining has rolled out significant platform updates enhancing user experience and payment options: - **Fixed deposit addresses** implemented, eliminating frequent address changes - **New payment options** added: USDT and USDC deposits now supported - **Direct conversion** feature enables stablecoin to $GOMINING token swaps - **Expanded purchasing options** allow buying and upgrading miners using USDT/USDC Recent wallet improvements include: - Choice between rapid or fee-free BTC withdrawals (24hr wait) - Streamlined interface design - Manual withdrawal system replacing auto-withdrawals
GoMining Launches Direct BTC Deposit Wallets
GoMining has activated direct Bitcoin deposit functionality, marking a significant advancement in their crypto mining platform. Key updates: - Direct BTC deposits from major exchanges and wallets - No intermediate swaps or bridges required - Seamless integration with existing wallet features This follows April's wallet upgrade that introduced: - Optional fast or fee-free withdrawals - Improved user interface - Removal of auto-withdrawals The platform continues to streamline its mining ecosystem, making Bitcoin mining more accessible to users.
GoMining Reaches 9M+ Terahash Milestone in Bitcoin Mining Power Sales
GoMining has achieved a significant milestone by selling over 9 million terahashes (TH) of Bitcoin mining power through their platform. This represents substantial growth from their previous milestone of 6 million TH reported in November 2024. - Current milestone: 9M+ terahashes sold - Previous milestone (Nov 2024): 6M terahashes - Next target: 10M terahashes This continued expansion demonstrates increasing adoption of accessible Bitcoin mining solutions through the platform's infrastructure. *The platform continues to work towards their next target of 10 million terahashes as they pursue their goal of democratizing Bitcoin mining access.*
veGOMINING Lock Feature Launches with Zero Network Fees
GoMining has introduced veGOMINING Lock in the Virtual wallet, enabling users to lock their GOMINING tokens without network fees. The feature offers several benefits: - **Reward Boosts**: Enhanced rewards for locked tokens - **VIP Benefits**: Access to exclusive perks - **Maintenance Discounts**: Up to 20% off fees - **Governance Rights**: Influence on weekly Burn & Mint cycles The GOMINING token serves multiple utilities in the ecosystem: - Staking rewards - Liquidity pool participation - In-game currency for Miner Wars - Voting rights on key proposals *Users can now participate in the ecosystem's growth while earning rewards through various mechanisms.*
GoMining Weekly Token Burn and Mint Report
**Latest Token Activity**: - 1.4M GOMINING tokens permanently burned - 1.1M new tokens minted - 235,532 tokens (~$117k) distributed to veGOMINING voters **Previous Cycle Highlights**: - Service Provider received 794,236 tokens - veGOMINING voters earned 244,380 tokens - GoMining Rewards got 122,190 tokens - Team allocation: 61,095 tokens *Community Benefits*: - Extra Solo mining discount: 0.93% - Miner Wars Personal Rewards: 60,765 - Greedy Machines power boost: 0.1% **Want to participate?** Lock your GOMINING tokens in veGOMINING to earn weekly rewards.