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 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 Hits 10M TH Milestone with Community Celebration
**GoMining reaches 10 million TH sold milestone** The Bitcoin mining platform has launched **two special events** to celebrate this achievement with their community. **24-Hour Raffle Event** - Every $10 spent in primary market = 1 raffle ticket - Available for buying or upgrading miners - **Prize pool**: 100 Gold GoBoxes - **Deadline**: September 6th, 4 PM UTC The raffle is currently live and entries will be locked once the 24-hour window closes. Participants can join through the GoMining app to take advantage of this limited-time opportunity.
GoMining Highlights Real Bitcoin Mining Operations
GoMining emphasizes their **actual Bitcoin mining operations** while others focus on decentralization rhetoric. The company operates **4.2 million TH/s** across 9 data centers with 350 MW infrastructure capacity. **Key metrics:** - 67.5% of maintenance fees paid in GOMINING tokens - 28% of total supply locked for 2+ years average - 2024 sales exceeded 2023 by 2.5x in five months - 3.42% of initial supply (14.9M tokens) permanently burned Their **deflationary tokenomics** burn more tokens than minted, targeting eventual reduction to 100M maximum supply. NFTs represent real computing power, generating BTC rewards from day one with up to 22% APR and flexible terms.
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.
GoMining Bounty Program Returns with Enhanced Features
GoMining has announced the revival of its Bounty Program with improved features. The program allows community members to: - Complete bounty tasks to earn points - Accumulate GOMINING tokens as rewards - Participate in weekly distributions Previous cycles distributed 10,000 $GOMINING tokens weekly, with top performers earning up to 68 GOMINING tokens per cycle. *Program Highlights:* - Streamlined task system - Point-based reward structure - Regular token distributions **To participate:** Join the community and start completing tasks to earn rewards.