Voting

1. What is veGOMINING voting?

veGOMINING voting is a DeFi-based mechanism for deciding on key governance issues in the GoMining ecosystem. These include:

• Whether to activate the Burn & Mint mechanism each week

• How GOMINING rewards are distributed

2. Voting on the Burn & Mint mechanism

The result of this voting directly affects how many new GOMINING tokens are minted after the burn phase. The amount is calculated using the formula:

GOMINING_minted = (1 - V% * (1 - C)) * (GOMINING_burnt)



Where:

• V% is the percentage of votes "for" to permanently burn GOMINING tokens

• C is the mint coefficient that changes depending on the current epoch

If no one votes in favor of burning (V% = 0), the protocol mints the same number of tokens it burned — maintaining the total supply.

If veGOMINING holders vote to burn (V% > 0), fewer tokens are minted than burned, resulting in a net reduction in supply.

The more votes in favor, the greater the gap between burned and minted tokens — and the more GOMINING is permanently removed from circulation.

3. Voting on GOMINING reward distribution

veGOMINING voters also decide how weekly GOMINING rewards are allocated between key features of the ecosystem:

• Extra Solo mining discount — additional discount on maintenance fees for all Solo miners

• Miner Wars prize pool — 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

• Liquidity provider bonus — weekly GOMINING rewards for liquidity providers

• Bounty cycle rewards — weekly prize pool for Bounty program participants

2. How can I vote?

You can vote using veGOMINING votes either from your virtual wallet (custodial) or your Ethereum wallet.

1. Go to the My lock section and get veGOMINING votes on your virtual or Ethereum wallet if you haven't already

2. Head to the Voting section and connect the wallet that holds your votes

3. Select the active voting you want to join, choose your preferred option, and click Vote

Keep in mind:

• You vote only with the veGOMINING votes from the connected wallet

• You can vote from multiple wallets — either for different options or the same one

• Voting does not spend your votes; it simply confirms ownership

Your vote stays active as long as you have veGOMINING in your wallet and don’t revoke your vote. Want to change your choice? Just revoke and vote again.

Voting with an Ethereum wallet is not available in the iOS app — please use the web version. Voting with a virtual wallet (custodial) is supported on all platforms, including iOS