CoolHash (COOHA) Token Overview
CoolHash (COOHA) is a core component of the CoolMining ecosystem, serving as an ERC-20 token that functions as both the community's governance token and a representation of real-world Bitcoin mining hashrate. The CoolMining project aims to gamify the traditional Bitcoin mining process through an on-chain simulation game, making it more engaging and enjoyable. The project is positioned as the first GameFi project backed by real assets (hashrate) in the form of NFTs.
Project Positioning and Mechanism
The core mechanism of the CoolHash project lies in the binding of its token to hashrate: each COOHA token is equivalent to 0.01 TH/s of Bitcoin mining hashrate. Players holding COOHA can become "miners" in the CoolMining game and have the opportunity to earn Bitcoin (BTC) rewards. Additionally, COOHA tokens can be staked to earn BTC rewards calculated based on the total real-world hashrate.
The CoolMining ecosystem adopts a dual-token model:
- COOHA (CoolHash): Serves as the governance token and hashrate representative.
- COOGA (CoolGas): Serves as the ecosystem's utility token and mining reward token.
The founding team of the project includes Terry Johnson and Antonio Landi. Detailed information about the project and tokenomics was primarily released in April 2022.
Historical Performance and Market Status
CoolHash (COOHA) reached its all-time high of over $1.97 on March 5, 2022. However, as of October 2026, the real-time price of COOHA is displayed as approximately $0.00 or $0.002587 on different platforms, indicating a significant price decline. Most data platforms show insufficient or "N/A" market cap data, and circulating supply is often displayed as zero or "N/A," despite the project team previously reporting a circulating supply of 6,500,000 COOHA. Its total supply and max supply are both 10,000,000 COOHA.
It is worth noting that the token's 24-hour trading volume is currently displayed as $0 or N/A on most platforms, indicating that its trading market is almost exhausted and lacks effective transactions. Some trading platforms have stated that COOHA has not been officially listed, while others, despite showing price information, lack active trading data.
Investment Risks and Considerations
Given the current extremely low trading activity and price performance of the CoolHash token, as well as the inherent high volatility of crypto assets, investing in this token carries significant risks. Platforms such as CoinCarp and Crypto.com have previously noted that CoolHash may not be suitable for all investors. Before considering any cryptocurrency investment, it is recommended that investors conduct thorough research and fully understand the risks and potential returns associated with the cryptocurrency market, digital wallets, trading platforms, and smart contracts. In-depth research into the project's whitepaper, team background, tokenomics, and the overall market environment is crucial.
While some views once suggested that COOHA could be a profitable long-term investment, this potential is highly dependent on individual risk tolerance and investment goals, and requires careful evaluation in conjunction with its current market liquidity status. This site does not provide any investment advice; investors should make their own decisions and bear the risks.
