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1GMT TokenGMT #312
08 Aug 2023, 16:21
A little time is still left for everyone before GoMining's complete transition to our new tokenomics.
Many of you are asking, what will happen to GoMining staking, how will the promises of already open positions be fulfilled, and will the holders of GoMining tokens still have the opportunity to earn?
We will answer all your questions in this post.
So let's get to it.
🟣Holders will have the opportunity to lock up tokens until the day the new tokenomics is launched, but then this function will be replaced by another.
🟣Once the staking is finished, no extra rules will be applied. All payments on open staking positions will definitely be directed to your wallets.
How will it be possible to earn rewards for holding GoMining tokens after switching to this new tokenomic model?
🟣Just like now, you will need to lock up your tokens for a specific time. You will receive veGoMining votes for doing so. They will not only bring you rewards, but also give you the opportunity to make decisions about the development of the project, the distribution of income among users, etc.
📌Simply choose how many GoMining tokens you want to lock up and for how long. The higher these indicators, the more weight your VeTokens will carry and the more mining rewards they'll bring you.
📌The token lock will occur via the connection of a wallet and confirmation of the transaction inside it when interacting with the smart contract.
📌Users will only be able to hold one open position, but it can be improved using the Lock Upgrade function. It will be possible to increase both lock time and the number of locked tokens with this function.
🟣Not locked GoMining tokens will retain their utilitarian functions. They can be used to pay for electricity at a discount, for various forms of upgrades, buy NFTs, and purchase company merch.
A little time is still left for everyone before GoMining's complete transition to our new tokenomics.
A little time is still left for everyone before GoMining's complete transition to our new tokenomics.
Many of you are asking, what will happen to GoMining staking, how will the promises of already open positions be fulfilled, and will the holders of GoMining tokens still have the opportunity to earn?
We will answer all your questions in this post.
So let's get to it.
🟣Holders will have the opportunity to lock up tokens until the day the new tokenomics is launched, but then this function will be replaced by another.
🟣Once the staking is finished, no extra rules will be applied. All payments on open staking positions will definitely be directed to your wallets.
How will it be possible to earn rewards for holding GoMining tokens after switching to this new tokenomic model?
🟣Just like now, you will need to lock up your tokens for a specific time. You will receive veGoMining votes for doing so. They will not only bring you rewards, but also give you the opportunity to make decisions about the development of the project, the distribution of income among users, etc.
📌Simply choose how many GoMining tokens you want to lock up and for how long. The higher these indicators, the more weight your VeTokens will carry and the more mining rewards they'll bring you.
📌The token lock will occur via the connection of a wallet and confirmation of the transaction inside it when interacting with the smart contract.
📌Users will only be able to hold one open position, but it can be improved using the Lock Upgrade function. It will be possible to increase both lock time and the number of locked tokens with this function.
🟣Not locked GoMining tokens will retain their utilitarian functions. They can be used to pay for electricity at a discount, for various forms of upgrades, buy NFTs, and purchase company merch.