Bitget App
common_footer.down_desc
common_header.buy_cryptocommon_header.marketscommon_header.tradecommon_header.futurescommon_header.social_tradingcommon_header.grid_tradingcommon_header.earn

what_is.title

what_is.base_info

what_is.coin_name:Gomining
what_is.coin_code:
what_is.coin_intro:

What Is GoMining?

GoMining is a Liquid Bitcoin Hashrate protocol, offering a unique approach to this lucrative but often technically challenging field. Founded in 2017, GoMining has been instrumental in making Bitcoin mining more accessible to a broader audience. This accessibility is achieved through innovative solutions like decentralized staking and NFT-based mining rewards. Initially known as GMT, the project had a rebranding to GoMining, aiming to create a more recognizable brand and emphasize transparency and user-friendliness in their operations.

The company operates an extensive network of BTC mining rigs, strategically located across nine data centers in the UAE, Norway, and Kazakhstan. This global presence not only underscores GoMining's commitment to the industry but also enhances its capability to offer efficient and reliable mining services. The rebranding and expansion of GoMining reflect its dedication to maintaining the highest standards of openness and clarity in the blockchain community, a commitment echoed by its CEO, Mark Zalan.

Resources

Whitepaper: https://storage.googleapis.com/gmt-public-prod/docs/white-paper-token.pdf

Official Website: https://gmt.io/

How Does GoMining Work?

GoMining simplifies the Bitcoin mining process by eliminating the need for individuals to purchase, configure, and maintain mining equipment. By acquiring GoMining Tokens (GMT), investors essentially buy a share of the company's computing power, which is already engaged in BTC mining. This model allows token holders to start earning mining rewards within 24 hours of their purchase, making it an attractive option for those who lack technical expertise or the resources to set up their mining operations.

The GoMining model is built on the principle of high liquidity and zero maintenance cost. Token holders are not burdened with the upkeep of mining equipment, as this is managed by the GoMining team. This approach ensures a stable hash rate and continuous operation, even in the event of equipment failure, thanks to the use of backup equipment. Moreover, the increasing computing power of the GoMining fleet enhances the value of each token over time, offering a dual benefit of investment growth and daily income in Bitcoin.

What Is GMT Token?

GMT is the native token of the GoMining ecosystem, serving as a bridge between professional mining equipment and end-users. Based on the ERC-20 and BEP-20 standards, each GMT token represents a portion of the computing power in GoMining's device pool. This structure allows token holders to participate in Bitcoin mining without the need for significant hardware investment or technical know-how. The tokens are highly liquid, enabling quick sales without the need for additional investment or concern about equipment wear and tear.

In addition to mining rewards, the GMT token plays a multifaceted role within the GoMining infrastructure. It is used for initial payments for equipment placement in GoMining data centers, equipment rental, and maintenance services. Furthermore, GMT can be used to purchase mining equipment for future data centers and branded products on the GMT website. The token also features in GMT's marketing events as a reward.

What Determines GoMining’s Price?

The price of GoMining, particularly its native token GMT, is influenced by a combination of factors typical in the cryptocurrency and blockchain markets. Primarily, the value of GMT is closely tied to the underlying computing power of GoMining's extensive mining infrastructure. Each GMT token represents a real unit of this computing power, making it a unique asset whose value is directly linked to the performance and efficiency of the mining operations. As GoMining expands its mining capabilities and upgrades its equipment, the intrinsic value of each GMT token potentially increases, reflecting the enhanced ability to mine Bitcoin more efficiently. Additionally, market demand for Bitcoin and the overall health of the cryptocurrency market play significant roles in determining the price of GMT. As Bitcoin's value fluctuates, so does the interest in mining it, directly impacting the demand and, consequently, the price of GMT tokens.

Another crucial factor in GoMining's pricing is the concept of token liquidity and the mechanics of supply and demand in the crypto market. GMT tokens are designed for high liquidity, allowing for quick and easy trading, which is a vital feature for investors in the fast-paced crypto market. This liquidity is further enhanced by the token's compatibility with major blockchain standards like ERC-20 and BEP-20, facilitating its accessibility across various platforms. The company's strategy of token burning, where a portion of tokens is periodically removed from circulation, also affects the price. By reducing the total supply of GMT, GoMining can potentially increase the token's scarcity and value, a common practice seen in other successful cryptocurrency projects. These factors, combined with investor sentiment and broader market trends, play a pivotal role in determining the price of GMT token, making it a dynamic asset within the blockchain and cryptocurrency ecosystem.

coin.about_expand
what_is.current_price:
what_is.price_high:$0.7016
what_is.price_low:$0.03592

what_is.supply_title

what_is.circulate_supply:415,503,700 Gomining
what_is.total_supply:415,503,710.66 Gomining
what_is.max_supply:417,708,105 Gomining
what_is.market_cap:$162.59M
what_is.fully_cap:$163.45M
what_is.tokenomics:

what_is.token_uniqueness

GoMining is a Liquid Bitcoin Hashrate protocol.

Gomining allows users to own Bitcoin hashrate digitally as an NFT asset on the Ethereum/BNB chains and the Bitcoin blockchain (ordinals) without the necessity to own or maintain their physical mining infrastructure.

It simplifies Bitcoin mining for millions of users and unlocks the huge potential of Bitcoin hashrate to be used as RWA (Real World Asset) in Defi.

The hashrate NFT position continuously generates Bitcoins and can be traded or used as collateral in Defi like any other asset. To make this possible, Gomining created and developed the Liquid Bitcoin Hashrate (LBH) concept: while the physical mining equipment and the corresponding hashrate operate in the data center, the user owns an NFT that represents the hashrate position.

The LBH tokens can be used in Defi like Ethereum-based LSTs (liquid staking tokens) : they generate income on behalf of their owner, can be traded, and can be used in Defi protocols for borrowing/lending purposes. For example, LBH tokens can be used as collateral for borrowing stablecoins for farming strategies and providing additional income to the LBH token owner. In addition to using NFTs for bitcoin mining or Defi-related activities, NFT owners can participate in play-to-earn mechanics that enrich the NFT-based mining experience, engage the community, and provide additional income to NFT owners. Gomining actively develops GameFi elements that allow users to generate additional income in NFTs on top of primary BTC mining proceeds.

what_is.token_utility

The GOMINING token has the following functions within the Gomining ecosystem:

Discount token for electricity payments. NFT hashrate owners are required to pay electricity and maintenance costs, which are deducted from BTC mining revenue. By using the Gomining token for power/maintenance payments, users receive a 10% discount and continuously mine more bitcoins.

Protocol governance. Users participating in Gomining governance can vote on proposals, influence protocol management, and most importantly - Gomining rewards distribution to the community of NFT owners and GameFi activities. Participation in governance requires locking tokens into a veGMT contract, which works identically to the well-known veCRV (vote-escrowed Curve contract).

Users who lock Gomining tokens in a vote-escrow (ve) contract receive (1) votes and (2) stake rewards. The longer the lock, the greater the number of votes and shares in the reward distribution for a given number of locked Gomining tokens.

In addition to the Discount Token Utility and Governance Utility, token holders can upgrade the hashrate and energy efficiency of their Liquid Bitcoin Hashrate positions using Gomining tokens.

what_is.links

what_is.ad_titlewhat_is.ad_button

what_is.prospect_title

what_is.prospect_desc2

what_is.prospect_desc4

coin.prediction_question
price_predict.text_introduce
coin.prediction_question
price_predict.prediction_content
what_is.prospect_tips

what_is.how_buy_title

what_is.how_buy_refer
what_is.increase_desc2
what_is.high_price_desc2
what_is.how_buy_desc1
what_is.how_buy_desc2
what_is.how_buy_desc3
what_is.how_buy_desc4
what_is.how_buy_desc5

what_is.other_way_title

what_is.other_way_desc1
what_is.other_way_desc2
what_is.other_way_desc3
what_is.other_way_desc4
what_is.other_way_desc5

what_is.how_use_title

what_is.how_use_desc1
what_is.how_use_desc2
what_is.how_use_desc3
what_is.how_use_desc4
what_is.how_use_desc5

what_is.learn_more

news_page.recently_added_coins_price.title

news_page.more
news_page.recently_added_coins_price.tip

news_page.trending_coins_price.title

news_page.more
news_page.trending_coins_price.tip

coin_price.buy_coin_title

coin_price.buy_coin_title_app
coin_price.buy_coin_guidance
google download badgeios download badge
coin_price.trade_bg_exchange
coin_price.trade_bg_exchange_guidance
coin.contracts
coin.morecoin.more
https://img.bitgetimg.com/multiLang/develop/web/BNB.png
BNB Smart Chain (BEP20)
0x7Ddc...f421989
copy
wallet
coin.links
coin.websitecoin.whitepapercoin.twittercoin.github
Gomining
USD
1 Gomining = 0.3913 USD
coin.update_time(UTC-0)
calculator.faq_btn