Epochs

What is the epoch?

Epoch is the period during which the mint-to-burn coefficient is used. The lower the coefficient, the lower the GOMINING emission and the faster its price grows.

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What are the epochs for?

The main purpose of Epochs is to decrease the amount of GoMining tokens in circulation.

The maximum number of tokens in circulation (436,915,240 GOMINING at the time of the veTokenomics launch) should decrease to 100,000,000 by the end of the 20th epoch due to its deflationary model. This decrease in supply has a positive impact on the token's value.

The decrease in supply is because the number of tokens minted is always less than the number of tokens burned within each Burn & Mint cycle. The exact ratio of burnt and minted tokens is determined by the Epoch according to the table below.

Transition to a new Epoch occurs when in the sum of cycles in the current Epoch, the required number of tokens is burnt and minted — columns To burn and To mint:

Epoch	GOMINING supply	To burn	Mint coefficient	To mint
0	436915240	10000000	0.8	8000000
1	434915240	20000000	0.81	16200000
2	431115240	30000000	0.82	24600000
3	425715240	40000000	0.83	33200000
4	418915240	50000000	0.84	42000000
5	410915240	60000000	0.85	51000000
6	401915240	70000000	0.86	60200000
7	392115240	80000000	0.87	69600000
8	381715240	90000000	0.88	79200000
9	370915240	100000000	0.89	89000000
10	359915240	200000000	0.9	180000000
11	339915240	300000000	0.91	273000000
12	312915240	400000000	0.92	368000000
13	280915240	500000000	0.93	465000000
14	245915240	600000000	0.94	564000000
15	209915240	650000000	0.95	617500000
16	177415240	700000000	0.96	672000000
17	149415240	750000000	0.97	727500000
18	126915240	1345762000	0.98	1318846760
19	100000000	0	0.99	0