Tokenomics

Tokenomics refers to the economic model and design principles behind a token. It outlines how the token is structured, distributed, and used within its ecosystem, affecting supply, demand, and value. Key elements include:

• Total and Circulating Supply: How many tokens exist and are available
• Distribution: How tokens are allocated
• Incentives: Rewards for staking, holding, or governance
• Utility: The token's function (e.g., payments, access, governance)
• Inflation/Deflation: How supply changes over time, affecting value

In short, tokenomics is the study of how a token operates economically within its blockchain ecosystem and how its structure can impact its long-term value and adoption.

According to the tokenomics model, the GOMINING token combines:

• Discount token: GOMINING token provides maintenance payments from digital miner owners to service providers at up to 20% discount
• Burn & Mint equilibrium (BME): The project employs a balanced system where tokens are burned, reducing supply, while new tokens are minted at a rate always less than the amount burned. This creates deflationary pressure and increases token’s value
• Vote escrow: Token holders can lock their GOMINING tokens to receive vote-escrowed tokens (veGOMINING), which grant voting power in the platform’s governance. This incentivizes long-term holding and active participation in decision-making processes

The GoMining team ensures the stability and security of the GOMINING token through:

• Regular smart contract audits conducted by third-party firms for security assurance
• Decentralized governance that empowers token holders to participate in decision-making
• Burn & Mint mechanism that controls supply to stabilize token value.
• Liquidity management to monitor liquidity and minimize price fluctuations
• Partnerships with top exchanges that make the token accessible and easy to trade via secure, verified platforms

These are just some of the measures we use to ensure the GOMINING token remains secure and valuable.

The main goal of GoMining tokenomics is to create a sustainable ecosystem that benefits all participants. This involves enhancing the utility of the GOMINING token through various use cases like discounts, purchases and governance participation.

It promotes stability by managing token supply with mechanisms like the Burn & Mint equilibrium and encourages community engagement through decentralized governance.

Additionally, it incentivizes long-term holding with extra benefits and prioritizes security with regular audits. Overall, GoMining aims to maximize value for our users.