December 12 Bitfinex Lists Gomining Token (GOMINING)
In media releases
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 token at the core of the GoMining protocol.
GoMining is the cutting-edge Liquid Bitcoin Hashrate protocol that offers a unique approach to Bitcoin mining. Leveraging the power of NFTs on the Ethereum and Bitcoin blockchains (ordinal numbers), GoMining provides users with a digital representation of Bitcoin's hash rate. This allows for simplified participation in Bitcoin mining without the need for physical infrastructure, democratizing access to it, and opening up new possibilities for real-world asset (RWA) applications in decentralized finance (DeFi).
GoMining Token serves multiple functions within its ecosystem. It serves as a discount code for electricity payments, enabling NFT hash holders to mine more bitcoins at reduced costs. In addition, it is effective in protocol management, allowing users to vote on proposals and participate in the distribution of rewards through veGMT nodes, similar to the veCRV model.
“We are pleased to announce the addition of GoMining Token to our platform, providing Bitfinex customers a new way to transact with Bitcoin and DeFi mining opportunities.”said Henry Child, Head of Tokens at Bitfinex. “The GoMining protocol represents a major advance in bridging the gap between traditional mining and decentralized finance. Its dual benefit of saving costs and facilitating governance makes it an attractive addition to our platform.”
This announcement comes on the heels of a series of successful token listings by Bitfinex recently, including TOMI, TIA, and others. Last month, Bitcoin miners hit a milestone in terms of monthly revenue generated in 2023, reaching a peak of $1.16 billion. Not only did November 2023 stand out in terms of total profits, it also set a record for the highest monthly fees collected by miners all year.
GOMINING deposits will open on December 12, 2023, at approximately 1:30 PM UTC, and trading is scheduled to begin on December 14, 2023, at 1:30 PM UTC. The token will be available in trading pairs against the US Dollar (USD) and Tether (USDt) tokens.
To access GOMINING on Bitfinex, customers can visit https://www.bitfinex.com/.
*All users of www.bitfinex.com are subject to the Bitfinex Terms of Service (“TOS”). Please note that U.S. persons (as that term is defined in the Terms of Service), among other prohibited persons (as that term is defined in the Terms of Service), are strictly prohibited from having, owning, or operating an Account (as that term is defined in the Terms of Service) on www.bitfinex in any way. Direct or indirect. .com.
About Bitfinex
Founded in 2012, Bitfinex is a digital token trading platform offering state-of-the-art services to traders and global liquidity providers. In addition to a range of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market, and margin trading for a wide range of digital tokens. Bitfinex's strategy is focused on providing unparalleled support, tools and innovation to experienced traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.
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