Dear LBank users,
GOMINING (GOMINING) will be listed on LBank at 10:00 on May 24, 2024 (UTC). The details are as follows:
Trading Pair: GOMINING/USDT
Trading Zone: Innovation Zone
Start Deposit: 10:00 on May 23, 2024 (UTC)
Start Trading: 10:00 on May 24, 2024 (UTC)
Start Withdrawal: 10:00 on May 25, 2024 (UTC)
GOMINING/USDT spot at: https://www.lbank.com/trade/gomining_usdt
※ This will be effective upon commencement of trading.
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About GOMINING (GOMINING)
GOMINING is project's native utility token. It combines a discount token, modified version of the burn and mint equilibrium (BME), and a veGOMINING (voter escrowed) governance model.
GOMINING token is designed to perform the following functions in the protocol:
Provide maintenance payments from NFT owners to service providers based on the discount token model;
Establish a rewards-based flywheel and governance rewards distribution via veGOMINING votes and governance system;
Distribute value among ecosystem participants in an algorithmic fashion;
Ensure the long-term engagement of hashrate NFT owners within the protocol based on veGOMINING votes and gamified activities.
The token provides the following utility to its holder:
It can be used to purchase LBH (Liquid Bitcoin Hashrate) on either the primary or secondary market;
It allows users to receive discounts on electricity fees paid from LBH holders to service providers;
It gives governance rights for protocol management (only for GOMINING locked on the veGOMINING smart contract);
It provides an opportunity to receive yield as rewards for governance (only for GOMINING locked on the veGOMINING smart contract).
Users can receive royalties in GOMINING tokens for the purchase of NFT through their referral link.
The discount model is directly coupled with the Burn & Mint model in the GoMining ecosystem.
Website: https://gmt.io/
Blockchain browser:
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Disclaimer: Digital assets are subject to high market risks and price volatility. The value of your investments may fluctuate, and could even lead to a loss of principal. You are solely responsible for your investment decisions, and LBank is not liable for any losses you may incur. You should invest only in products you are familiar with and understand the risks involved. You should carefully consider your investment experience, financial status, investment objectives, and risk tolerance, and consult an independent financial advisor before any investment. Past performance is not a reliable indicator of future performance. Content on the LBank platform does not include advice or recommendations, and should not be construed as financial advice.
LBank reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
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