The GMT token’s smart contract was launched in 2021 by GoMining. This international network of mining hoteliers rents equipment space and participates in BTC mining.
The company’s founders understand how difficult it is for an ordinary user to start mining cryptocurrency. Even huge organisations are unable to increase their ability due to the growing complexity of Bitcoin’s network. The GMT token makes it easy for anyone to receive rewards in BTC.
What is GMT Token and how do I use it?
GMT creates Bitcoin using its equipment, and shares the reward with holders. Smart contracts are used to automate payments, and have been certified by CertiK.
A large portion of tokens sold are being used for increasing GMT’s capabilities. After the new equipment is in use, the issuer will allocate an additional batch tokens. There are mechanisms to protect against inflation and fundamental growth in the native currency protocol.
New tokens are issued as the team acquires more equipment. However, the number of tokens is less than the equipment’s capacity. In this way, each token in circulation receives a share of the power. The mining reward also increases with the distribution of the power.
GMT: A Short History
During the project’s existence, GMT increased the hash rate of the device park from 100,000 TH/s to 725,000 TH/s. It has also expanded its geographical presence, now having nine data centers worldwide that have the most efficient (Antminer S19Pro), mining devices.
GMT is still a relatively young project but the team has already achieved significant success and won trust from the crypto community.
This company holds a large amount of hash rates, which serve as security for the token.
Video cards and Asics were more affordable in 2022. However, farmers still have a long payback (12-18 months). Because it generates passive income, the GMT token offers good growth potential.
Investors are attracted by the possibility of daily mining rewards. GMT is currently working on the project. GMT Whitepaper can be found in twelve languages. The GMT token’s price, as well as mining reward, will likely grow in the future due to the efficient team’s work, popularisation of the project through all available channels, capacity building and BTC rate strengthening.
GMT is gaining popularity
GMT, along with other well-respected players such as Argo and BlockCap, Core Scientific (Hit8), Marathon Digitais Holdings Holdings, Riot Digital, Galaxy Digital, and 20 others, is the 30th member to the Bitcoin Mining Council.
The announcement was made at the AIBC Summit, November 17th in Malta, during a fireside talk between Michael Saylor, founder, chairman, CEO and CEO, MicroStrategy and Mike Costache, an entrepreneur, investor and consultant on blockchain.
GoMining’s goal is to make digital currency more popular among regular users, and to make mining affordable to all. This company collaborates with celebrity bloggers. Khabib Nurmagomedov (UFC champion) was appointed GMT ambassador in November 2021.
Mainstream media outlets, Entrepreneur and tech-specialised outlets, such as Tech Times, reviewed the project.
Greedy Machines – Uniting NFTs and Mining is Possible
GMT Token allows anyone to participate in BTC mining. Recently, it launched its own NFT project, “The Greedy Machines”. They created a new way to create an NFT collection. The art project consisted of a series of pictures of mine machines. That are not just pictures – each image is backed by computing power. 1000 unique, collectible miners will be stored on Ethereum’s blockchain as the initial supply.
GMT users have the option to exchange GMT for NFT. This image is supported by real computing power and NFT owners get daily mining rewards.
What exactly is NFT Mining Farm, you ask?
Greedy Machinery is a game in which participants create their own virtual mining communities. Like we mentioned, NFTs come with computing power that allows them to mine Bitcoin each day. A user should attach the purchased NFTs to one’s account to start building a farm.
Farms include mining cells, mining shelves, immersion baths, containers, data centres, etc. Each user begins as a beginner miner using one device. Then they grow to become the leader of a mining enterprise, or the owners of a power station.
Greedy Machines offers a referral program. NFT holders can invite friends to Greedy Machines and both the participants and their invited members will receive codes that give them extra Bitcoin. In addition, equipment maintenance is also rewarded – the more the participant performs equipment maintenance, the more bonuses one receives.
Sustainable Environment
The GMT Token project’s first priority is to provide sustainable energy. The project offers “green” miners to its users. All profits go to charities that spread sustainable energy such as Global Giving and Everybody Solar.
NFT ownership is based on the principle that token owners receive more rewards the longer they keep them.
Final Thoughts
The Greedy Machines is a concept art game that builds a community of miners, facilitates BTC mining, and develops “green” energy. This platform is a great resource for anyone who enjoys beautiful artworks. Greedy machines users get daily Bitcoin reward for image ownership and unique images. They also have access to the gaming infrastructure.