The biggest update from GoMining is already available. Check out our new VeTokenomics.

23 Aug 2023, 06:01

The biggest update from GoMining is already available! Check out our new VeTokenomics. You can already evaluate its capabilities. 📲Go to our website and search for the VeGoMining section. Once there you will be able to lock the GoMining tokens that are on your ETH wallet, which can be connected via MetaMask or Wallet Connect. 🔒What will happen after the lock? You will be awarded VeGoMining votes in an amount equivalent to the duration of the lock period and the number of tokens frozen. They will bring you weekly rewards in GoMining tokens. You can view the APR, or current annual percentage rate of veGoMining in your personal account. Please note that the values at the start will be very volatile, so do your homework first. 📈When you connect the wallet, you will also have access to all statistics regarding your VeGoMining and the total number of tokens locked. 📉From the start to the end of the lock, the amount of veGoMining votes on the balance will decrease. To get more votes and receive more rewards, you can upgrade the lock. There are two ways to do so, either lock more tokens or extend the lock period. 🗳In the near future, it is these voices that will give you governance rights. Thanks to them, the owners of VeGoMining votes will be able to solve the issues of distributing a portion of the bitcoins mined among ecosystem participants. 🔥Every week we will burn all of the tokens received for electricity payments and distribute 20% of the mint among VeGoMining vote holders according to their voting power. Lock up tokens this week to be part of the first distribution and you will be eligible to receive the first rewards next week. You can either withdraw the rewards received in GoMining tokens at the end of the lock period, or lock them up again. Instructions on how to block your tokens on the VeGoMining smart contract can be found here. If you still have questions about the principles and features behind the new tokenomics, reference this post.