December 12th Bitfinex lists GOMINING token (GOMINING)
From media materials
Road Town, British Virgin Islands – December 12, 2023 – Bitfinex (https://www.bitfinex.com/), a leading digital asset trading platform, is pleased to announce the upcoming listing of Gomining Token (GOMINING), an innovative utility token at the core of the GoMining Protocol.
GoMining is a cutting-edge Liquid Bitcoin Hashrate protocol that offers a unique approach to Bitcoin mining. GoMining leverages the power of NFTs on the Ethereum chain and the Bitcoin blockchain (ordinal) to provide users with a digital representation of the Bitcoin hashrate. This makes it easy to participate in Bitcoin mining without physical infrastructure, democratizes access, and opens up new possibilities for real world asset (RWA) applications in decentralized finance (DeFi).
GoMining tokens provide various functions within the ecosystem. It acts as an electricity bill discount token, allowing NFT hashrate owners to mine more Bitcoin at a lower cost. It also plays an important role in protocol governance, allowing users to vote on proposals and participate in reward distribution through the veGMT contract, similar to the veCRV model.
“We are excited to add the GoMining token to our platform, providing Bitfinex customers with a new avenue to participate in Bitcoin mining and DeFi opportunities.”said Henry Child, Head of Tokens at Bitfinex. “The GoMining protocol represents a significant advancement in bridging traditional mining and DeFi. “The dual utility of reducing costs and facilitating governance makes it an attractive addition to our platform.”
This announcement follows a series of recent successful token listings by Bitfinex, including TOMI, TIA, and others. Last month, Bitcoin miners achieved a significant milestone in terms of monthly revenue generated in 2023, reaching a record high of $1.16 billion. Not only did November 2023 stand out in terms of total revenue, it also set a record for the highest monthly fees collected by miners all year.
GOMINING deposits will open at 1:30 PM UTC on December 12, 2023, and trading will begin at 1:30 PM UTC on December 14, 2023. The token is offered as a trading pair against the US Dollar (USD) and Tether Token (USDt).
To access GOMINING on Bitfinex, customers visit https://www.bitfinex.com/.
*All users of www.bitfinex.com are subject to the Bitfinex Terms of Service (“TOS”). Among other prohibited persons (as defined in the TOS), U.S. persons (as defined in the TOS) are strictly prohibited from holding, owning, or operating, directly or indirectly, an Account (as defined in the TOS) at www.bitfinex. .com.
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Founded in 2012, Bitfinex is a digital token trading platform that provides cutting-edge services to traders and global liquidity providers. In addition to a series of advanced trading features and charting tools, Bitfinex offers access to peer-to-peer finance, OTC markets, and margin trading for a variety of digital tokens. Bitfinex’s strategy is focused on providing unparalleled support, tools and innovation to skilled traders and liquidity providers around the world. For more information, please visit www.bitfinex.com.
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