🎂 Hello, friends! It’s been one year since the launch of GoMining's tokenomics! 🎊
⚙️ Here's a quick reminder of how our tokenomics model works:
NFT holders use GOMINING tokens to cover the costs of electricity and maintenance services. Every Tuesday, we take all the tokens received for these expenses and burn them, meaning they are permanently removed from circulation. Then, we mint a smaller number of new tokens, creating a difference between the tokens burned and those newly minted. This difference is permanently removed, effectively reducing the total supply of tokens. As the supply decreases, each remaining token becomes more valuable over time.
📊 Annual Highlights:
🔥 TOTAL TOKENS BURNED PERMANENTLY: 19,540,838 (4.47% of the initial supply)
📍 CURRENT SUPPLY: 417,374,402
📍 TARGET SUPPLY: 100,000,000
🛠 TOTAL PAID FOR MAINTENANCE: 109,910,909
🎉 These are just the numbers from our first year, and it’s only the beginning. We expect even greater results in the coming year as we continue to reduce the token supply, driving up the value for all our holders. Thank you for being a part of our GoMining Community. Here’s to many more successful years ahead! 🚀
August 28, 2024
