Bitfinex to List Gomining Token (GOMINING) - Bitfinex blog
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Bitfinex to List Gomining Token (GOMINING)

ROAD TOWN, British Virgin Islands – December 12, 2023 – Bitfinex (https://www.bitfinex.com/), a premier digital asset trading platform, is pleased to announce the upcoming listing of the 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. By leveraging the power of NFTs on the Ethereum chains and the Bitcoin blockchain (ordinals), GoMining provides users with a digital representation of Bitcoin hashrate. This allows for simplified participation in Bitcoin mining without the need for physical infrastructure, democratising access to, and opening up new possibilities for Real World Asset (RWA) applications in Decentralised Finance (DeFi).

The GoMining Token serves multiple functions within its ecosystem. It acts as a discount token for electricity payments, enabling NFT hashrate owners to mine more bitcoins at reduced costs. Additionally, it is instrumental in protocol governance, allowing users to vote on proposals and participate in rewards distribution through a veGMT contract, similar to the veCRV model.

“We are pleased to announce the addition of the GoMining Token to our platform, offering Bitfinex customers a new avenue for engaging with 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. Its dual utility in both providing cost savings 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, among others. Last month, Bitcoin miners hit a significant milestone in terms of monthly revenue generated in 2023, reaching a peak of $1.16 billion. November 2023 not only stood out in terms of total earnings but also set a record for the highest monthly fees collected by miners all year.

Deposits for GOMINING will open on December 12, 2023, at approximately 1:30pm UTC, with trading set 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 tokens (USDt).

To obtain access to GOMINING on Bitfinex, customers can visit https://www.bitfinex.com/.

*All users of www.bitfinex.com are subject to Bitfinex’s terms of service (“TOS”). Please note that U.S. persons (as defined in the TOS), among other prohibited persons (as defined in the TOS), are strictly prohibited from directly or indirectly holding, owning or operating an Account (as defined in the TOS) on www.bitfinex.com. 

About Bitfinex

Founded in 2012, Bitfinex is a digital token trading platform offering state-of-the-art services for traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of digital tokens. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for experienced traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.

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