Tokenomics — the machine behind the discounts

The GOMINING token is not a share certificate that sits next to the mining business — it is wired into it. Every token a miner holder spends on maintenance is collected all week and burned on Tuesday, and the protocol mints new ones right after, in a ratio set by a schedule called Epochs and by a weekly vote of locked-token holders (veGOMINING). The vendor's own summary: the mechanics are "Epochs, Burn & Mint cycles, veGOMINING locks, and Voting. Together they create a self-regulating system designed to reduce circulating supply over time while rewarding active participants." The mechanism is designed to reduce supply — whether that translates into a higher token price depends on demand and cannot be inferred from supply alone. This page unpacks those four parts from the official documentation — because the token-payment maintenance discount, one of this site's biggest numbers, only exists because of this machine: fees paid in tokens are burned, and the discount is what you get for feeding the burn.

Burn & Mint — what happens to the tokens you spend on fees

The cycle is weekly — "Each cycle runs from Tuesday to Tuesday" — and its fuel is the maintenance bill: "at the end of which we burn all GOMINING tokens spent on digital miner maintenance and immediately mint new ones." Read that slowly, because it is the whole design: fees paid in tokens are not revenue the company pockets in tokens — they are destroyed, every week, on-chain (the two contract addresses that collect the tokens are even published in the docs). Then new tokens are minted and handed to fixed recipients:

So the loop a newcomer actually walks: you pay fees in tokens to unlock a maintenance discount → your tokens are burned on Tuesday → new tokens are minted mostly to pay the mining infrastructure (65%) and the token lockers (20%) → cheaper maintenance for everyone is one of the things the 10% pot funds. The discount program and the token burn are the same loop seen from two ends.

Epochs — the schedule of how hard the machine deflates

The mint ratio is not free-floating. It follows the current Epoch, each defined by a mint coefficient C: of every burned token, at most C comes back as a new one. The docs commit to a target: the maximum supply of 436,915,240 GOMINING (at the veTokenomics launch) "should decrease to 100,000,000 by the end of the 20th epoch due to its deflationary model" — a planned fall of about 77%. The published schedule (reproduced verbatim; "to mint" is each epoch's floor, reached only if every vote sits on burning — see the vote formula below):

The shape of the withdrawal — computed from the table above

The schedule reads dry; as a chart it shows what it really is: a slow start, a long middle, and one enormous final stretch. Each bar is an epoch's net withdrawal (burn minus the vote-floor mint); the line is the running total, arriving exactly at the planned reduction — 436.9 million down to 100.0 million — after epoch 19:

Arithmetic check, computed by this site: each epoch's net burn (to-burn minus to-mint at the vote floor) sums to exactly 336,915,240 — precisely the planned fall from 436,915,240 down to 100,000,000. The schedule is internally consistent. Note the scale it implies along the way: cumulatively roughly 6.0 billion tokens burned and at best 5.66 billion minted back — about 14× the starting supply churns through the machine on the road to a 77% net reduction. The docs do not state which epoch is active today, nor the current circulating supply; both are visible only inside the app, so this page quotes the plan, not the present state.

veGOMINING — locks, votes, and the weekly decay

To influence the machine, holders lock tokens and receive votes. "To get votes, you need to lock GOMINING tokens for 1 week to 4 years", and "the longer the lock, the more votes you receive." Locks cannot be broken early: "Tokens can't be unlocked before the end of the lock period." Two details matter more than they look. First, the reward for locking is exactly the 20% share above: "In every cycle, 20% of newly minted tokens are allocated as rewards for veGOMINING holders." Second, votes are not a constant — "From the beginning to the end of your lock, the amount of your veGOMINING votes will decrease." The docs attribute that decay to the Burn & Mint cycle itself; its practical effect is pressure: a locked position that is not topped up slowly loses both its vote share and its slice of the weekly 20%. Voting itself costs nothing — "Voting does not spend your votes; it simply confirms ownership."

The vote — how much actually comes back

The weekly vote decides the mint size: minted = (1 − V% × (1 − C)) × burnt, where V% is the share of votes cast for permanently burning and C the epoch coefficient. The docs give the two ends: "If no one votes in favour of burning (V% = 0), the protocol mints the same number of tokens it burned, maintaining the total supply" — no votes, no deflation, the epoch table irrelevant — and "The more votes in favour, the greater the gap between burned and minted tokens." Deflation here is a governance outcome, not a constant: it happens every week only as far as locked holders actually vote for it (and note what they are voting against — their own future reward pool, since rewards are a share of the mint). The same voters also split the 10% ecosystem pot between the mining-mode discount, the Miner Wars token fund, and collection upgrades.

The measured side — one account inside the machine

Everything above is the plan. The reference account is not a spectator of it — it holds two live locks, and its fees are already paid in tokens. Read 2026-08-31 from the account's own API session (figures provided and approved by the account owner; amounts stay unpublished per this site's stated rule — what is published are ratios, dates, and counts). Both locks began in March 2025 with multi-year terms: one in the in-app GOMINING wallet (lock ends 2029-08-16), one on the Ethereum side via the veGOMINING contract (ends 2028-11-16). The decay the documentation promises is visible in the account's own numbers — votes per locked token, today:

Same starting month, and the lock with less time remaining has already decayed further down the votes-per-token curve — "from the beginning to the end of your lock, the amount of your veGOMINING votes will decrease", observed on real positions, not asserted. On the burn side, the machine's fuel is visible in the payment stream: on 2026-08-31 the account paid maintenance 22 times in GOMINING (one per miner) — every one of those token amounts joins the Tuesday burn pot — while the day before, 28 reinvestment credits converted mining rewards back into tokens (the 2.25%-fee stream documented on the Rewards page). Pay in tokens for the discount → tokens burn Tuesday → the vote decides how many come back, and 20% of those go to exactly these two locks. The account sits inside every loop this page documents.

What is verifiable — and what stays open

Verifiable from outside: the schedule above is a public document, and its internal arithmetic checks out to the token (computed above). Two of the involved contracts are published, so the burn/mint flow could in principle be counted on-chain — the Burn & Mint contract address appears verbatim in the docs. Not verifiable from outside: the current epoch, the current circulating supply, this week's actual V%, and the real weekly burn/mint amounts — the docs carry the plan, the app carries the state, and no public page publishes the state. A future phase of this site could pin the epoch and the weekly numbers to a block explorer. One more part became measurable through the account: its own locks and payment streams (above), read 2026-08-31 from the account API — the on-chain burn itself remains the unmeasured step. Whether the deflation target holds is a claim of the vendor, backed here by arithmetic, not by observed on-chain history.

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