DeFi News

Datamine’s Economic Model Runs Exceptional Smart Contracts

Pinterest LinkedIn Tumblr

Launched on the Ethereum Blockchain, Datamine Network (DAM) is an economic model that comes with a set of exceptional Smart Contracts. It is a leaderless community with no owners, admin keys and without a team running the ecosystem.

As a non-custodial and decentralized open-source economic arrangement, it applies Smart Contracts to generate Adaptive Money. The project’s deflationary DeFi protocol is a mechanism to create FLUX tokens every 15 seconds.

DAM as a DeFi dApp permits anyone to interact with Smart Contracts for their needs. It provides real-time on-chain market sentiment enabling you to see your balances in USDC with robust Uniswap integration as well as real-time market capitalization, scales and prompt global Datamine token statistics at your disposal.

With DAM, all funds are safe and secure since every business plan gets administered through Smart Contracts. There are no third parties involved in fund transfer, and transactions happen on-chain where incentivized security rewards you to remain protected. 

The project claims the platform’s design had in mind communities making use of the most advanced serverless, web3 and mobile techs with a user experience similar to your everyday apps. DAM facilitates smooth migration encounter from desktop to mobile without compromising security through its seamless dashboard. It is run entirely by the community without no teams and administrators. Several decentralized Datamine entities are springing up as the Smart Contracts have no owners and are perpetual. 

On-Chain Utility Tokens

Datamine has a dual token protocol (DAM and FLUX) with corresponding functionality. These two native tokens are responsible for the day to day successful running of the entire system. 

DAM has 16.8 million maximum supply with ERC-777 as its underlying technology. FLUX has an unlimited supply, and to generate dividends, one has to lock in DAM into an exclusive Smart Contract. The role of FLUX in the Datamine Network is to power on-chain application within the DeFi space. There is another means of reinvesting FLUX tokens which is by burning it.

While FLUX’s burn Time Bonus attracts x10 maximum, DAM lock-in gains are at most x3. However, multipliers can raise your FLUX token dividends by 30x.  FLUX derives its value through burning the supply as it reduces the global minting degree, whilst raising your accumulation.

So far, burnt FLUX tokens stand at 3828, that is almost $100,000 and 62 per cent of mint.  Meanwhile, the number of DAM tokens held in lock-in is over 10 million, representing a market value of $2.1 million and 61 per cent of the total supply. 

Market Equilibrium 

Datamine’s network’s Market Equilibrium works around three essential players consisting of the Investor, Buyer & Burner and the Seller. 

  • Investor: This is the individual focused on accumulating FLUX from the market. This entity has an incentive since there is value in that role.
  • Buyer & Burner: The Buyer and Burner are those that mint FLUX in an efficient manner than any other player in the Datamine Network ecosystem. It is only these players that can mint at x30 maximum.
  • Seller: The sole responsibility of the Seller is to provide liquidity to the Buyer & Burner. This category’s in the system has the prerogative of a mint rate below x30. 

When there is less than 50 percent of burnt FLUX, then supply is in excess. However, anytime demand is above 50 percent, it is surplus demand. 

Meantime, whenever less than 50 percent of DAM locked-in happens, it means supply is in excess. But when it is more than 50 percent, then it is demand in excess.

Join Datamine Community 

Datamine is inviting all and sundry to come to talk to them and join their communities. The project is on several Social Media platforms where you can interact, network, learn more about the project and make good use of it.

Here are links to their accounts:

Write A Comment

chainlink
Chainlink (LINK) $ 24.29
yearn-finance
yearn.finance (YFI) $ 40,098.00
ethlend
Aave [OLD] (LEND) $ 3.29
uniswap
Uniswap (UNI) $ 23.76
havven
Synthetix Network Token (SNX) $ 9.28
uma
UMA (UMA) $ 11.87
compound-governance-token
Compound (COMP) $ 336.49
maker
Maker (MKR) $ 3,238.75
wrapped-nxm
Wrapped NXM (WNXM) $ 65.00
0x
0x (ZRX) $ 0.921518
loopring
Loopring (LRC) $ 0.312961
republic-protocol
REN (REN) $ 0.466726
kyber-network
Kyber Network Crystal Legacy (KNCL) $ 1.97
numeraire
Numeraire (NMR) $ 40.83
band-protocol
Band Protocol (BAND) $ 7.19
terra-luna
Terra (LUNA) $ 6.23
yfii-finance
DFI.money (YFII) $ 1,828.58
sushi
Sushi (SUSHI) $ 9.24
balancer
Balancer (BAL) $ 24.38
thorchain
THORChain (RUNE) $ 9.00
reserve-rights-token
Reserve Rights Token (RSR) $ 0.031805
ampleforth
Ampleforth (AMPL) $ 1.00
nest
Nest Protocol (NEST) $ 0.012565
serum
Serum (SRM) $ 4.15
keep-network
Keep Network (KEEP) $ 0.530736
augur
Augur (REP) $ 19.16
curve-dao-token
Curve DAO Token (CRV) $ 2.29
kava
Kava.io (KAVA) $ 4.00
bancor
Bancor Network Token (BNT) $ 4.07
just
JUST (JST) $ 0.062177
gnosis
Gnosis (GNO) $ 180.62
force-protocol
ForTube (FOR) $ 0.036847
cream-2
Cream (CREAM) $ 171.45
melon
Enzyme (MLN) $ 99.69
tellor
Tellor (TRB) $ 50.58
akropolis
Akropolis (AKRO) $ 0.022650
aurora-dao
IDEX (IDEX) $ 0.052944
nectar-token
Nectar (NEC) $ 0.057260
bzx-protocol
bZx Protocol (BZRX) $ 0.313267
airswap
AirSwap (AST) $ 0.157371
switcheo
Switcheo (SWTH) $ 0.024248
orion-protocol
Orion Protocol (ORN) $ 7.67
dforce-token
dForce Token (DF) $ 0.214694
meta
mStable Governance Token: Meta (MTA) $ 0.887388
pnetwork
pNetwork (PNT) $ 1.12