We are excited to share with you perhaps the most long-awaited news of this month.
15 Aug 2023, 16:52
We are excited to share with you perhaps the most long-awaited news of this month.
🟣On August 22 our new VeTokenomics will be released.
You can find detailed information about it in these posts:
The release will be divided into two parts.
🟣Exactly one week later, the Burn & Mint model will be launched, meaning the GoMining tokens spent on electricity payments will be burned and minted in a smaller volume.
The burning and minting cycle is one week. For clarity and your convenience, we will publish statistics showing the change in the number of GoMining tokens in circulation.
In addition, the old version of staking will no longer be available starting from August 22. All open positions will be paid accordingly.
You will still be able to receive rewards for owning GoMining tokens. To do so, you will just need to lock your tokens for a specific period of time on the VeGoMining smart contract.
📌Please note that the entire logic of VeTokenomics is based on ETH. Accordingly, it will only be possible to interact with GoMining tokens on the Ethereum network. All BEP-20 token holders can continue using them with no restrictions or concerns about their value. You can also use the bridge to convert your tokens to ETH to interact with the new VeTokenomics.
All personal account, discount, and payment functions will work as before.
🟣A few weeks after the main release, we will launch the second portion of our VeTokenomics.
The holders of VeGoMining votes (owners of GoMining tokens will receive them for locking up their funds) will have the opportunity to vote on issues such as the distribution of mining rewards.
We will announce the appearance of this feature to you in advance.