📢 Attention to GoMining community! 🚀

We're glad to announce that MEXC will be supporting the rebranding of our GMT token to GoMining (GOMINING)!

📅 Deposits, withdrawals, and trading for GMT will close on May 7, 2024, at 06:00 (UTC).

After the rebranding is completed, GMT tokens will transition to the ticker symbol GOMINING on MEXC.

The contract address will remain unchanged.

Deposits, withdrawals, and trading for GOMINING will be announced separately.

Stay tuned for more updates and thank you for your continued support! 💎

GoMining is a company whose mission is to make mining simple and accessible to everyone. We have been in the industry since 2017.

📢 Attention to GoMining community! 🚀  We're glad to announce that MEXC will be supporting the rebranding of our GMT token to GoMining (GOMINING)!  📅 Deposits, withdrawals, and trading for GMT will close on May 7, 2024, at 06:00 (UTC).  After the rebranding is completed, GMT tokens will transition to the ticker symbol GOMINING on MEXC.  🔍 Please note:  The contract address will remain unchanged.  Deposits, withdrawals, and trading for GOMINING will be announced separately.  Full announcement 👉  https://www.mexc.com/zh-TW/support/articles/17827791515814   Stay tuned for more updates and thank you for your continued support! 💎   #GoMining  #Rebranding  #GOMINING  #MEXC  🌐

## What is Gomining protocol?

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.

### What is the Gomining token?
The design of GoMining token combines a Discount token, a modified version of the burn and mint equilibrium (BME) [[2]](https://messari.io/report/burn-and-mint-equilibrium)  [[3]](https://multicoin.capital/2018/02/13/new-models-utility-tokens/), and ve Token (voter escrowed) governance model [[4]](https://www.hashkey.com/en/insights/vetoken-model-and-its-impact).

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.

### Gomining token circulation mechanics

The Gomining token uses the burn-and-mint equilibrium model (BME) to circulate within the ecosystem. It works as follows: all tokens paid by users for electricity/maintenance costs and some other activities are burned, and immediately, new Gomining tokens are minted by a smart contract.

The burning and minting process is based on epochs and minting coefficients. Each epoch has a number of tokens to be burned and minted according to a certain mining coefficient that increases from epoch to epoch. The total number of Epochs is 20, here we share some highlights:

-   Epoch 0: 10,000,000 tokens burnt, 8,000,000 tokens minted, 0.80 coefficient
-   Epoch 1: 20,000,000 tokens burnt, 16,200,000 tokens minted, 0.81 coefficient
-   Epoch 2: 30,000,000 tokens burnt, 24,600,000 tokens minted, 0.82 coefficient
-   ...
-   Epoch 17: 750,000,000 tokens burnt, 727,500,000 tokens minted, 0.97 coefficient
-   Epoch 18: 1,345,762,000 tokens burnt, 1,318,846,760 tokens minted, 0.97 coefficient
-   Epoch 19 (the Final Epoch): the infinite number of tokens can be burned and minted with a 0.99 coefficient


The minted tokens are distributed to: 

-   Service Providers (hashrate NFT issuers) for compensating their electricity/maintenance costs (65%)

-   Governance stakers (20%)

-   Rewards and incentives for the NFT owners and GameFi activities (10%)

-   The team (5%)

### How Liquid Bitcoin Hashrate NFTs are issued?

Liquid Bitcoin Hasrate NFTs are issued by Service Providers using Gomining. The requirements for Service Providers include: (1)to have public hashrate proof in known BTC mining pools (2) membership in reputable mining organizations such as the [Bitcoin Mining Council](https://bitcoinminingcouncil.com/). In the future, Gomining aims to launch its own BTC mining pool and require Service Providers to use it for even more transparency.

### How Gomining community rewards are allocated?

The Gomining community distributes rewards via weekly voting, which requires locking Gomining tokens into a vote-escrow contract (veGMT) to receive votes.

### How to buy and use hashrate NFT for BTC mining?

Users can buy NFTs on the [Gomining website](https://gmt.io/) or NFT marketplaces like OpenSea. When the NFT is in the wallet balance, the user should visit the [Gomining website](https://gmt.io/), connect the wallet, and provide the BTC wallet address to receive the mining proceeds. The more efficient mining strategy involves using GMT tokens to pay for electricity and maintenance costs. GMT tokens can be purchased on various CEX exchanges, [Uniswap (Ethereum)](https://coinmarketcap.com/dexscan/ethereum/0xc2fa5fd1c1ad37701ef1b26c5f0680ac807e3efd/), [PancakeSwap (the BNB chain)](https://coinmarketcap.com/dexscan/bsc/0xe9de5886e68ae1c6f6a712aeb52a2baff1a233d6/), or on the [Gomining website](https://app.gmt.io/buy) that integrates all purchase options on one page.

Gomining

Trust Wallet

MetaMask

Binance Chain Wallet

Ethereum

Shiba Inu

Chainlink

UNUS SED LEO

Uniswap

Milady Meme Coin

Dent

Metal DAO

Request

HarryPotterObamaSonic10Inu (ERC-20)

ApeX Protocol

Heroes of Mavia

Dione Protocol

Vulcan Forged (PYR)

Zedxion

Brainers

Redacted

FractonX

Automata Network

RACA

The all-new ZKBase platform consists of three main parts: ZKSwap, the innovative Layer 2 AMM DEX utilizing ZK-Rollups technology, payment service ZKSquare, and an NFT minting center and marketplace called ZKSea. With an all-new-look user interface, NFT support, unlimited token listing, smoother withdrawal, optimized efficiency, and multi-chain support, ZKSpace aims to implement EVM-compatible ZK-Rollups and bring the community more layer 2-based products in the near future.

ZKBase

Sologenic is disrupting the asset trading industry: Tokenized Securities, Crypto Assets & NFTs.

Sologenic.com and sologenic.org are two separate teams. Sologenic.org aka SOLO Core team’s focus is purely on the expansion of the Sologenic as a decentralized ecosystem while the sologenic.com team are working on the launch of an important use-case of the Sologenic ecosystem: Securities Tokenization

Sologenic

MBOX is the native utility token that is used for:

MOBOX

Coin98 is a decentralized finance (DeFi) solution that allows users access to cross-chain swaps, staking and yield farming.

To learn more about this project, check out our deep dive of Coin98.

Coin98 aims to fulfill untapped demand in the industry and become a Gateway bridging TradFi users to any DeFi services on multiple blockchains. It accomplishes this mission through a full suite of products, including Coin98 Wallet, Coin98 Exchange, and Space Gate (cross-chain bridge).

Coin98 Wallet: Allows users to store, send, receive, manage crypto assets and connect to numerous dApps on multiple blockchains. It supports over 40 blockchains such as Ethereum, Binance Smart Chain, Solana, Polygon, Avalanche, Terra, etc on both mobile (iOS & android) and Chrome extension versions.

Coin98 Exchange: A multi-chain liquidity aggregator that supports assets across a variety of blockchains, including but not limited to Ethereum, Binance Smart Chain, Solana, Avalanche and Polygon.

Space Gate: A cross-chain bridge that enables swapping and transferring values across multiple networks.

The C98 token is the native utility token of the Coin98 platform and will be used to pay services fees, as staking incentives, for governance, and unique membership rights.

In the Coin98 roadmap, there are plans to develop a launchpad, a lending and borrowing platform, a megafarm, a derivatives market and an NFT marketplace.

In July 2021, Coin98 was a Binance Launchpad project.

Coin98

Biswap (BSW) is a decentralized exchange (DEX) for BEP-20 tokens on Binance Smart Chain (BSC). Biswap promises the lowest transaction fees of any BSC exchange at 0.1% and vows to be committed to innovation in DeFi through its high-quality products and services. Its referral system allows users to invite others and receive referral fees from farms, launch pools, swaps, and a lottery.

Biswap’s core products include the standard DEX functions like an AMM, liquidity pools, yield farming, an NFT marketplace, and an IDO launchpad. In its roadmap, Biswap targets the following:

Listing on major crypto exchanges

Improvements of its NFT marketplace

Cross-chain support

Limit orders

Lending & Borrowing

A personal user dashboard

A swap referral program

Furthermore, Biswap announced a $10 million global incentive program to collaborate with other BSC projects. Partners can expect a 90% fee reimbursement, farming pairs with BSW, a launch pool, marketing promotion, and grants for security audits and project development.

Biswap

What Is Velas (VLX)?
Velas is a pioneering solana L1 Fork with Full EVM blockchain bridging the gap between EVM familiarity and unparalleled performance.

Velas is an highly unique dual-chain architecture, seamlessly merging the best of both worlds: the robust security and established developer ecosystem of the EVM with the lightning-fast transaction processing capabilities of Solana. This hybrid approach unlocks a treasure trove of possibilities for Ethereum projects seeking to escape congestion and scale to new heights.

The defining feature of Velas lies in its full EVM compatibility. Existing Ethereum smart contracts can be migrated seamlessly with a single click, eliminating the need for costly code rewrites and preserving the valuable expertise invested in the EVM ecosystem. This one-click migration paves the way for a smooth transition, allowing developers to leverage their existing skills and tools on a platform built for speed and scalability.

It leverages the power of Solana’s parallel transaction processing to deliver lightning-fast speeds exceeding 75,000 TPS. This translates to near-instantaneous transaction finality and minimal fees, a stark contrast to the congested and expensive environment of Ethereum. For dApps and users, this translates to a smoother, more efficient experience.

But speed is just the beginning. Velas is also:

Decentralized: No central authority controls the network. Power is in the hands of the community through a secure Proof-of-Stake (PoS) consensus mechanism.

Carbon-neutral: Velas is committed to sustainability, utilizing a green PoS mechanism that minimizes energy consumption.

Accessible: Building on Velas is a breeze with its extensive developer tools and EVM/Solidity support.

Velas

Mines of Dalarnia (DAR) is an action-adventure game with a blockchain real-estate market. MoD is based on a simple and simultaneously captivating gameplay, where users can mine and combine in-game items, then utilize them to upgrade their characters (skills and equipment), thereby increasing their rank in the game. Players can go in search of rare artifacts / relics / minerals, complete quests, team up with other players to defeat monsters and unlock rewards.

Mines of Dalarnia

Dvision Network

SXP is the native utility token of the Solar blockchain. Users can stake it to secure the network and earn rewards, and pay transaction fees on the Solar blockchain. They can also help govern the Solar blockchain by proposing and voting on changes to the protocol, and earn rewards for providing liquidity. Additionally, Solar DApps use SXP as their primary currency.

Solar

APENFT

MDEX is a new decentralized trading protocol that launched in January 2021.

MDEX is an automated market making (AMM) decentralized exchange protocol that operates on the concept of fund pools, sharing some similarities with standard DEXs, but differentiating itself from competitors by using a dual-chain model modeled on both the Ethereum network and the Huobi Ecological Chain (HECO), which gives it access to the liquidity of the Ethereum ecosystem.

A trading platform built on top of HECO, MDEX has an estimated cost for token swaps at $0.001 for each trade, with a transaction speed of three seconds.

Mdex

Tokocrypto was launched in September 2018 and became the first entity registered under Indonesia's Commodities Futures Trading Regulatory Agency (BAPPEBTI) by November of that year. Tokocrypto’s latest project, TKO, is the first Indonesian cryptocurrency to offer a unique hybrid token model.

The token serves several purposes on the Tokocrypto blockchain platform and allows users to participate in crypto exchanges, deposit and savings programs, cross-platform DeFi applications, and NFT marketplaces. Toko Token was officially launched in April 2021 and has since attracted the attention of both private and enterprise users. The Tokocrypto platform was created in tandem with Binance, which serves as a significant backing for the project and its future development.

Toko Token

Perpetual Protocol is a decentralized exchange (DEX) for futures on Ethereum and xDai. Traders can go long or short with up to 10X leverage on a growing number of assets like BTC, ETH, DOT, SNX, YFI and others. Trading is non-custodial, meaning traders always retain possession of their assets, and on-chain. Perpetual Protocol utilizes a virtual automated market maker (vAMM), which provides on-chain liquidity with predictable pricing set by constant product curves. Furthermore, Perpetual Protocol designed its vAMMs to be market-neutral and fully collateralized.

The declared vision of Perpetual Protocol is to create the world’s best, most accessible, and most secure decentralized derivatives trading platform. By building on our DeFi projects and allowing projects to build on Perpetual Protocol, the company embraces the “DeFi money lego” ethos. After hitting a number of milestones in its roadmap, such as launching staking pools and implementing limit and stop-orders, Perpetual Protocol plans to expand to other chains, introduce leveraged tokens, and launch dynamic liquidity in its pools.

Perpetual Protocol

Launched in 2011 by Pixowl, The Sandbox is a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game. By combining the powers of decentralized autonomous organizations (DAO) and non-fungible tokens (NFTs), the Sandbox creates a decentralized platform for a thriving gaming community.

According to the official whitepaper, the Sandbox platform’s main mission is to introduce blockchain technology in mainstream gaming successfully. The platform focuses on facilitating a creative “play-to-earn” model, which allows users to be both creators and gamers simultaneously. The Sandbox employs the powers of blockchain technology by introducing the SAND utility token, which facilitates transactions on the platform.

The Sandbox

Launched in September 2020, BakeryToken (BAKE) is a part of the BakerySwap ecosystem. Liquidity providers are rewarded with BAKE tokens which can be used to earn a share of BakerySwap’s trading fees and to participate in voting as part of BakerySwap’s governance process.

BakerySwap is a decentralized automated market-making (AMM) protocol that is based on the Binance Smart Chain (BSC). The BAKE token is a native BEP-20 governance token on the platform.

Users have the ability to earn BAKE tokens by providing liquidity on BakerySwap, and BAKE holders can use their tokens for governance voting and to receive transaction fee dividends. The BAKE rewards are offered in several liquidity pools, initially including BTC, ETH, DOT, LINK, BUSD and BAKE versus BNB.

BakeryToken

Phala Network is a coprocessor for blockchains. Developers deploy “Phat Contracts,” off-chain program for coprocessors, enhancing dApps with connectivity, internet access, and heavy computation, overcoming web3 constraints.

Phala Network has one of the largest Trusted Execution Environments (TEE) on Intel Software Guard Extensions (SGX) hardware, which means that any code/data on Phala Network is protected from unauthorized access by users. Phala addresses developer concerns with expanded developer language support such as JavaScript and more, and ready-to-deploy Templates for seamless Phat Contract integration, streamlining the experience for web3 developers.

Phala stands at the forefront of Web3 innovation, fostering development through its Builders Program.

Phala Network

Seedify.fund(SFUND) Seedify is a blockchain gaming-focused incubator and launchpad that empowers innovators and project developers through access to funding, community and partnership building, and a full support system to help drive the future of gaming and blockchain. Its ecosystem also includes an NFT launchpad for gaming and metaverse assets, along with the industry's first gaming-and-metaverse-asset-centric NFT marketplace, Seedify NFT Space.

Featuring an IGO launchpad with a tiered allocation mechanism, Seedify enables $SFUND holders to stake their tokens and earn staking rewards while gaining access to quality, procured blockchain gaming projects through private sales and initial game offerings. The launchpad's tier system consists of nine tiers. Tier 1 uses a lottery-based allocation process, while tier 2 to 9 participants enjoy guaranteed allocation.

Along with IGOs, stakers can also participate in initial NFT offerings (INOs) and initial metaverse offerings (IMOs) on Seedify's NFT Launchpad. Additionally, staking $SFUND, gives holders the opportunity to receive tokens from the projects that have been selected and supported by Seedify's incubation program.

Committed to bringing the opportunities offered through blockchain gaming and the play-to-earn model to billions around the globe, the Seedify team has established key relationships with numerous VCs and industry peers, to build an extensive support network for blockchain gaming and metaverse startups.

Interested game industry innovators submit their project proposal to the Seedify

Seedify acts as a launching pad for blockchain games and the disruptive play-to-earn gaming model. The gaming industry is gradually entering a new era — previously gamers may spend large sums of money on in-game items with no direct monetary benefits. However, they are now able to make money by earning in-game item non-fungible tokens (NFTs) and tokens, which is facilitated by the play-to-earn revolution.

Blockchain technology has not only opened up more opportunities for gamers and game developers, but it has also offered additional forms of benefits like transparency, ownership, incentive models and digital ownership through NFTs.

The team behind the Seedify project are pursuing a global goal: to acquaint gamers with the blockchain and increase the rate of technology adoption, attract a huge number of users, create more jobs and financial benefits.