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What is GoМining (GOMINING)?

GoМining basic info

Name:GoМining
Ticker:
GOMININGBuy now
Introduction:

What Is GoMining?

GoMining is a Liquid Bitcoin Hashrate protocol, offering a unique approach to this lucrative but often technically challenging field. Founded in 2017, GoMining has been instrumental in making Bitcoin mining more accessible to a broader audience. This accessibility is achieved through innovative solutions like decentralized staking and NFT-based mining rewards. Initially known as GMT, the project had a rebranding to GoMining, aiming to create a more recognizable brand and emphasize transparency and user-friendliness in their operations.

The company operates an extensive network of BTC mining rigs, strategically located across nine data centers in the UAE, Norway, and Kazakhstan. This global presence not only underscores GoMining's commitment to the industry but also enhances its capability to offer efficient and reliable mining services. The rebranding and expansion of GoMining reflect its dedication to maintaining the highest standards of openness and clarity in the blockchain community, a commitment echoed by its CEO, Mark Zalan.

Resources

Whitepaper: https://storage.googleapis.com/gmt-public-prod/docs/white-paper-token.pdf

Official Website: https://gmt.io/

How Does GoMining Work?

GoMining simplifies the Bitcoin mining process by eliminating the need for individuals to purchase, configure, and maintain mining equipment. By acquiring GoMining Tokens (GMT), investors essentially buy a share of the company's computing power, which is already engaged in BTC mining. This model allows token holders to start earning mining rewards within 24 hours of their purchase, making it an attractive option for those who lack technical expertise or the resources to set up their mining operations.

The GoMining model is built on the principle of high liquidity and zero maintenance cost. Token holders are not burdened with the upkeep of mining equipment, as this is managed by the GoMining team. This approach ensures a stable hash rate and continuous operation, even in the event of equipment failure, thanks to the use of backup equipment. Moreover, the increasing computing power of the GoMining fleet enhances the value of each token over time, offering a dual benefit of investment growth and daily income in Bitcoin.

What Is GMT Token?

GMT is the native token of the GoMining ecosystem, serving as a bridge between professional mining equipment and end-users. Based on the ERC-20 and BEP-20 standards, each GMT token represents a portion of the computing power in GoMining's device pool. This structure allows token holders to participate in Bitcoin mining without the need for significant hardware investment or technical know-how. The tokens are highly liquid, enabling quick sales without the need for additional investment or concern about equipment wear and tear.

In addition to mining rewards, the GMT token plays a multifaceted role within the GoMining infrastructure. It is used for initial payments for equipment placement in GoMining data centers, equipment rental, and maintenance services. Furthermore, GMT can be used to purchase mining equipment for future data centers and branded products on the GMT website. The token also features in GMT's marketing events as a reward.

What Determines GoMining’s Price?

The price of GoMining, particularly its native token GMT, is influenced by a combination of factors typical in the cryptocurrency and blockchain markets. Primarily, the value of GMT is closely tied to the underlying computing power of GoMining's extensive mining infrastructure. Each GMT token represents a real unit of this computing power, making it a unique asset whose value is directly linked to the performance and efficiency of the mining operations. As GoMining expands its mining capabilities and upgrades its equipment, the intrinsic value of each GMT token potentially increases, reflecting the enhanced ability to mine Bitcoin more efficiently. Additionally, market demand for Bitcoin and the overall health of the cryptocurrency market play significant roles in determining the price of GMT. As Bitcoin's value fluctuates, so does the interest in mining it, directly impacting the demand and, consequently, the price of GMT tokens.

Another crucial factor in GoMining's pricing is the concept of token liquidity and the mechanics of supply and demand in the crypto market. GMT tokens are designed for high liquidity, allowing for quick and easy trading, which is a vital feature for investors in the fast-paced crypto market. This liquidity is further enhanced by the token's compatibility with major blockchain standards like ERC-20 and BEP-20, facilitating its accessibility across various platforms. The company's strategy of token burning, where a portion of tokens is periodically removed from circulation, also affects the price. By reducing the total supply of GMT, GoMining can potentially increase the token's scarcity and value, a common practice seen in other successful cryptocurrency projects. These factors, combined with investor sentiment and broader market trends, play a pivotal role in determining the price of GMT token, making it a dynamic asset within the blockchain and cryptocurrency ecosystem.

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Current price:
All-time high:$0.7016
All-time low:$0.03592

GOMINING supply and tokenomics

Circulating supply:413,722,200 GOMINING
Total supply:413,932,771 GOMINING
Max supply:413,932,771 GOMINING
Market cap:$203.07M
Fully diluted market cap:$203.17M
Tokenomics:

Uniqueness

GoMining is a Liquid Bitcoin Hashrate protocol.

Gomining allows users to own Bitcoin hashrate digitally as an NFT asset on the Ethereum/BNB chains and the Bitcoin blockchain (ordinals) without the necessity to own or maintain their physical mining infrastructure.

It simplifies Bitcoin mining for millions of users and unlocks the huge potential of Bitcoin hashrate to be used as RWA (Real World Asset) in Defi.

The hashrate NFT position continuously generates Bitcoins and can be traded or used as collateral in Defi like any other asset. To make this possible, Gomining created and developed the Liquid Bitcoin Hashrate (LBH) concept: while the physical mining equipment and the corresponding hashrate operate in the data center, the user owns an NFT that represents the hashrate position.

The LBH tokens can be used in Defi like Ethereum-based LSTs (liquid staking tokens) : they generate income on behalf of their owner, can be traded, and can be used in Defi protocols for borrowing/lending purposes. For example, LBH tokens can be used as collateral for borrowing stablecoins for farming strategies and providing additional income to the LBH token owner. In addition to using NFTs for bitcoin mining or Defi-related activities, NFT owners can participate in play-to-earn mechanics that enrich the NFT-based mining experience, engage the community, and provide additional income to NFT owners. Gomining actively develops GameFi elements that allow users to generate additional income in NFTs on top of primary BTC mining proceeds.

Token utility

The GOMINING token has the following functions within the Gomining ecosystem:

Discount token for electricity payments. NFT hashrate owners are required to pay electricity and maintenance costs, which are deducted from BTC mining revenue. By using the Gomining token for power/maintenance payments, users receive a 10% discount and continuously mine more bitcoins.

Protocol governance. Users participating in Gomining governance can vote on proposals, influence protocol management, and most importantly - Gomining rewards distribution to the community of NFT owners and GameFi activities. Participation in governance requires locking tokens into a veGMT contract, which works identically to the well-known veCRV (vote-escrowed Curve contract).

Users who lock Gomining tokens in a vote-escrow (ve) contract receive (1) votes and (2) stake rewards. The longer the lock, the greater the number of votes and shares in the reward distribution for a given number of locked Gomining tokens.

In addition to the Discount Token Utility and Governance Utility, token holders can upgrade the hashrate and energy efficiency of their Liquid Bitcoin Hashrate positions using Gomining tokens.

Links

Buy GoМining for $1Buy GOMINING now

What is the development prospect and future value of GOMINING?

The market value of GOMINING currently stands at $203.07M, and its market ranking is #291. The value of GOMINING is not widely recognized by the market. When the bull market comes, the market value of GOMINING may have great growth potential.

As a new type of currency with innovative technology and unique use cases, GOMINING has broad market potential and significant room for development. The distinctiveness and appeal of GOMINING may attract the interest of specific groups, thereby driving up its market value.

What will the price of GOMINING be in 2025?
Based on GOMINING's historical price performance prediction model, the price of GOMINING is projected to reach $0.5641 in 2025.
What will the price of GOMINING be in 2030?
In 2030, the GOMINING price is expected to change by 0.00%. By the end of 2030, the GOMINING price is projected to reach $0.9776, with a cumulative ROI of +103.93%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of GOMINING and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is GOMINING worth investing or holding? How to buy GOMINING from a crypto exchange?

If you want to buy GOMINING, the following information may be helpful for your investment decisions:
In the last 7 days, the price of GOMINING has fallen by -8.46%, leading to negative returns for most GOMINING investors. The market is currently pessimistic about the price trend of GOMINING.
It is important to note that the current price of GOMINING has retreated by -30.04% from its all-time high. This coin is currently considered medium-risk, and its price may rebound or continue to fall.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether GOMINING is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in GOMINING or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of GOMINING, if you want to buy or sell GOMINING, you can consider Bitget for your trading needs. The best place to buy GOMINING is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in GoМining has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy GoМining. Here's a step-by-step guide on how to buy GoМining on Bitget.

How to get GoМining through other methods?

Using cash to buy GoМining is not the only way to obtain GoМining. If you have the time to spare, you can get GoМining for free.
Learn how to earn GoМining for free through the Learn2Earn promotion.
Earn free GoМining by inviting friends to join Bitget's Assist2Earn promotion.
Receive free GoМining airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to GoМining through Bitget Convert, Bitget Swap, or spot trading.

What is GoМining used for and how to use GoМining?

The use case of GoМining may expand as the crypto market and the project itself develop. Currently, you can use GOMINING to achieve the following goals:
Arbitrage by trading GOMINING: Since GOMINING is a frequently traded cryptocurrency, the price of GOMINING is always fluctuating. Earn more GOMINING by buying low and selling high on the exchange. Bitget spot market provides a variety of GOMINING trading pairs to fully meet your needs.
Earn by staking GOMINING: You can also generate income through financial management methods such as staking GOMINING or lending GOMINING. Bitget Earn offers a variety of financial products designed to help you earn more income from your GOMINING.
Send or pay GOMINING: If you want to give GOMINING to your friends, a charity, or a fundraiser, or you want to pay someone with GOMINING, you can quickly and easily send GOMINING to the recipient through their payment address.
You can also go to the official website of the GoМining project to learn more about the use cases of GOMINING. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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