GoMining Token

This CoinGecko asset is GoMining Token, currently GOMINING. It began with the ticker GMT, then exchanges changed the ticker on May 7, 2024 while the EVM address stayed fixed. STEPN also uses GMT, but its token, team and product are unrelated.

GoMining ties GOMINING to a service selling Digital Miners: NFTs whose power and efficiency parameters feed a daily Bitcoin-reward calculation. The token pays platform charges, buys products and can be locked for voting; it is not the Bitcoin output itself.

Current terms say BMINE (BVI) Limited issues a standard Digital Miner and that ownership entitles the user to a specified capacity of physical mining hardware. The docs describe TH/s as a portion of fleet hashpower. Neither formulation identifies a particular machine the holder may take away.

Daily BTC depends on TH/s, efficiency, network mining conditions and maintenance. Electricity and service formulas use variable BTC prices and cost assumptions, and BMINE retains preliminary approval over Digital Miner decisions. Marketing language about physical backing therefore remains a claim about operator performance.

Collections exist on Ethereum, BNB Smart Chain, Solana and TON. Their NFT contracts and the fungible GOMINING contracts must not be confused: owning the token alone does not buy a Digital Miner or a BTC entitlement.

Users can pay maintenance with GOMINING for a stated discount. Tokens collected in the smart wallet flow to the published burn/mint contract, which runs Tuesday-to-Tuesday cycles.

The formula GOMINING_minted=(1−V%×(1−C))×GOMINING_burnt combines the voter-selected burn share V% with an epoch coefficient C. The remainder is documented as 65% to hashpower service providers, 20% to veGOMINING voters, 10% to ecosystem rewards and 5% to the team.

Locks last from one week to four years. veGOMINING voting weight decays weekly, locked tokens cannot exit early, and weekly rewards are credited to the GoMining virtual wallet. Votes steer the cycle and the 10% bucket; they do not elect the companies running custody or data centres.

The published fungible addresses are 0x7ddc52c4de30e94be3a6a0a2b259b2850f421989 on Ethereum and BNB Smart Chain, 3KzAE8dPyJRgZ36Eh81v7WPwi6dm7bDhdMb8EAus2RAf on Solana, and EQD0laik0FgHV8aNfRhebi8GDG2rpDyKGXem0MBfya_Ew1-8 on TON.

The EVM source is Ownable and Pausable. An owner can mint to or burn from any address and pause transfers, and the code has no hard cap. On September 5, 2026, Ethereum pointed ownership to the published burn/mint contract, BSC to a different owner, and both were unpaused.

Inside the platform, deposits are booked off-chain and can be withdrawn on another supported chain. KYC, address checks, minimums and security holds apply. GoMining also described Solana’s launch as a 10-million Ethereum burn followed by a 10-million Solana mint. These are controlled accounting routes, not proof of a permissionless bridge.

Current terms identify GoMining (BVI) Limited as token issuer and BMINE (BVI) Limited as Digital Miner issuer. The EU paper names GoMining (Czech) s.r.o. as offeror and applicant for admission under MiCA. A brand name therefore does not identify one universal counterparty.

The EU paper calls GOMINING a utility token. The NFT paper expressly denies dividends, revenue or profit sharing, company assets, intellectual property and guaranteed income. veGOMINING adds a vote and a formula-based distribution, not company equity, hardware title, treasury redemption or a general legal claim on mined Bitcoin.