# Gomining Tokenomics

> GoMining Tokenomics skill covering the GMT token ecosystem: token locking (Lock), vote-escrowed tokens (veGOMINING), voting systems for reward distribution and re-minting coefficient, the Burn & Mint deflationary mechanism including epochs, post-mint distribution, token utility, and supply reduction from 500M to 100M tokens.

- Skill: `gomining-ai/gomining-tokenomics` (Agent Skill, multi-file: 9 files)
- Install (CLI): `npx skillmds@latest add gomining-ai/gomining-tokenomics`
- Raw SKILL.md: https://api.skillmd.com/api/skills/gomining-ai/gomining-tokenomics/raw
- Safety review: pending
- Works with: Claude Code, Claude.ai, OpenAI Codex
- Category: Coding & Dev Tools
- License: Apache-2.0
- Author: gomining-ai (https://skillmd.com/u/gomining-ai)
- Updated: 2026-09-22
- Page: https://skillmd.com/skills/gomining-ai/gomining-tokenomics

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# GoMining Tokenomics

The Tokenomics module governs the GMT token ecosystem including token locking (Lock), voting (Voting), and the deflationary Burn & Mint mechanism.

## Overview

GoMining Tokenomics is built around three interconnected systems that work together to manage the GMT token supply, incentivize long-term holding, and enable community governance:

| System | Purpose | Key Mechanism |
|--------|---------|---------------|
| **Lock** | Incentivize long-term holding | Lock GMT to receive vote-escrowed (VE) tokens |
| **Voting** | Community governance | VE holders vote on reward distribution and burn rate |
| **Burn & Mint** | Deflationary supply management | Daily burns from user spending, controlled re-minting |

## Smart Contracts

- **GMT Contract**: Initial supply of 500M tokens, manages token issuance across the ecosystem.
- **VEGoMining (VE) Contracts**: Issue vote-escrowed tokens when users lock GMT. Voting power is proportional to VE token quantity.

## Long-term Goals

1. **Reduce total supply** from 500M to 100M tokens over time.
2. **Two vectors** to achieve this:
   - Gradual token reduction through systematic burns.
   - Increase token utility to drive demand and usage.

## Token Types

GoMining supports both on-chain token locking (via smart contracts) and a streamlined in-app locking flow for a faster user experience. Both methods maintain parity with the on-chain state.

## Token Utility

1. **Electricity discount** for mining operations.
2. **Game boosts** for enhanced gameplay rewards.
3. **Reinvestment** into hashrate for increased mining power.
4. **Voting and locked-token bonuses** for governance participants.

## Reference Files

| File | Contents |
|------|----------|
| [LOCK-AND-VOTE.md](references/LOCK-AND-VOTE.md) | Locking mechanism, veGOMINING tokens, voting systems |
| [BURN-AND-MINT.md](references/BURN-AND-MINT.md) | Burn/mint mechanics, epochs, post-mint distribution |

## References

- [FAQ: Tokenomics Overview](references/FAQ-OVERVIEW.md) — Overview of GoMining tokenomics mechanics
- [FAQ: Burn & Mint Cycles](references/FAQ-BURN-MINT.md) — How weekly burn and mint cycles work
- [FAQ: Epochs](references/FAQ-EPOCHS.md) — What epochs are and how they affect the mint coefficient
- [FAQ: veGOMINING and Locks](references/FAQ-VEGOMINING.md) — How to lock GOMINING tokens to receive veGOMINING votes
- [FAQ: Voting](references/FAQ-VOTING.md) — How veGOMINING holders participate in governance voting