> For the complete documentation index, see [llms.txt](https://help.token.gomining.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://help.token.gomining.com/faq/tokenomics/burn-and-mint-cycles.md). # Burn & Mint cycles ### What is the Burn & Mint cycle? This is a 1-week cycle, at the end of which we burn all GOMINING tokens spent on digital miner maintenance and immediately mint new ones. Each cycle runs from Tuesday to Tuesday. *** ### How are GOMINING tokens burned and minted? All of our miner holders pay for maintenance, and a portion of them do so in GOMINING tokens from their virtual wallets. There's a smart contract wallet that stores the same amount of tokens as all virtual wallets in our system and every day synchronizes with them by balance: > 0xC13F2778B92699e93e6df8c92D1aF8b50c340C3D So, when holders pay for maintenance with their GOMINING virtual wallets, the smart contract wallet withdraws the same total amount of tokens. These withdrawn tokens go to the Burn & Mint smart contract: > 0x44DDEF36f5d4926de2edc495938ADF854C93fA5C The Burn & Mint smart contract accumulates these tokens during the Burn & Mint cycle. And on Tuesday, at the end of the cycle, the smart contract burns all received tokens and right after that mints new ones. The exact ratio of burned and minted tokens is determined by the [Epoch](/faq/tokenomics/epochs.md) and the governance [Voting on the Burn & Mint mechanism](https://help.token.gomining.com/faq/tokenomics/pages/NGa3PkEuFwy0XdCLFtmt#id-2.-voting-on-the-burn-and-mint-mechanism) *** ### How are the minted tokens distributed? Every Tuesday, newly minted GOMINING tokens are distributed in fixed proportions across the ecosystem: * **65% to hashpower service providers**\ Smart contract: 0x4a58FCd78613545108d00Bed89EB27a9a63B4889 * **20% to veGOMINING vote holders as rewards**\ Smart contract: 0x69B3D98E2bdA71fD8B2053cAD3977ABbe550C476 * **10% as GOMINING rewards**\ Smart contract: 0xB7868b801B87368c7723B9d7ab091C00B59b3046 * **5% to the GoMining team**\ Smart contract: 0x2e9c303104E78384a3b86691f5AbA9e4105fD64B *** ### What are the GOMINING rewards? The 10% share of weekly emissions (GOMINING rewards) fuels key initiatives in the ecosystem: * **Extra Mining mode discount** — additional discount on maintenance fees for all Mining mode users * **Miner Wars prize fund** — extra GOMINING rewards for personal victories in the Odyssey league players * **The Greedy Machines power increase** — TH upgrades for all miners from The Greedy Machines collection veGOMINING vote holders decide how the GoMining rewards are split between these four categories. The vote determines where most of the weekly rewards go --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://help.token.gomining.com/faq/tokenomics/burn-and-mint-cycles.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.