[ANN] (DAM) Datamine Network - FLUX: Time is Money 2.0 - DeFi DApp - page 10.

Datamine

copper member

Activity: 55

Merit: 4

Quote from: bspus on May 10, 2020, 08:26:02 AM

Will there be any DAM that did not come from BWK swap? Like a premine for devs or something?

Right now bwk has a little over 15m tokens in circulation. It will probably be between 16-17m tops by the time the swap is over.

So can we expect max supply of DAM to be around that at most? Forever?

Also what will be the use case for FLUX, besides staking/

All of DAM will be created from Bulwark swap, there is no premine. The total supply of DAM will be determined by how much Bulwark is swapped. The remainder of DAM will be burned, no more will ever be created.

bspus

legendary

Activity: 2165

Merit: 1002

Will there be any DAM that did not come from BWK swap? Like a premine for devs or something?

Right now bwk has a little over 15m tokens in circulation. It will probably be between 16-17m tops by the time the swap is over.

So can we expect max supply of DAM to be around that at most? Forever?

Also what will be the use case for FLUX, besides staking/

In the silence

sr. member

Activity: 1297

Merit: 294

''Vincit qui se vincit''

Interesting, after the swap will you start a campaign so anyone can have some of this token and reach awareness?

Piston Honda

legendary

Activity: 2730

Merit: 1068

Juicin' crypto

cool, will watch carefully and swap (what BWK) i have left lol...

not a fan of ERC based shit, but given how bwk has shit the bed this seems to be the best option, so good on you guys for actually DOING something to right the ship.

i like that it sounds to be super rare/low amount of coins with no insane inflation/mining dump crap!

hoping DAM can eventually get on bittrex. maybe binance one day.

don't forget to update Blockfolio and those types of apps too!

Datamine

copper member

Activity: 55

Merit: 4

SWAP COMPLETED. Trading is now live: https://graviex.net/markets/dambtc

~~We are excited to announce that the first one-time token swap will occur on June 08, 2020 on Graviex exchange.~~
~~Graviex will perform a one-time swap for any account containing Bulwark balance. Swap ratio is 1:1 (meaning 1 BWK = 1 DAM).~~
~~Trading of DAM on Graviex will begin immediately after the swap has taken place. Bulwark will then be officially delisted from Graviex.~~

Instructions
Graviex account registration: You can create an account here: https://graviex.net/signup
Deposit Instructions: You must deposit Bulwark to Graviex BEFORE June 08, 2020. Your Bulwark balance will automatically be swapped to Datamine token on June 08, 2020.
How many swap opportunities?: First token swap date of June 08, 2020 provides ample 30-day notice to our community, with two more subsequent opportunities on Crex24 and Txbit as outlined below.
What about Midas Exchange?: Midas exchange swap details are currently being discussed with Midas team, updates to follow.

(ALTERNATIVE OPTIONS) If Graviex is NOT an option for you or you miss the first deadline, TxBit and Crex24 are alternative options with DIFFERENT later dates. You will need to deposit Bulwark into your account before the swap date in order for your balance to be swapped to Datamine.

CREX24 SWAP DATE: June 15, 2020. Sign up: https://crex24.com/register SWAP COMPLETED. Trading is now live: https://crex24.com/exchange/DAM-BTC
TXBIT SWAP DATE : June 22, 2020. Sign up: https://txbit.io/Signup SWAP COMPLETED. Trading is now live: https://txbit.io/Trade/DAM/BTC

TXBIT is the LAST CHANCE to swap your BWK. After TXBIT swap, we will burn rest of DAM tokens. BURN COMPLETED.

Datamine

copper member

Activity: 55

Merit: 4

Quote from: bspus on May 08, 2020, 02:46:17 PM

Shouldn't it be mentioned that DAM has planned a 1:1 swap with Bulwark (BWK)?

That is correct. We will post an official announcement here once the swap is ready.

bspus

legendary

Activity: 2165

Merit: 1002

Shouldn't it be mentioned that DAM has planned a 1:1 swap with Bulwark (BWK)?

Northern Network

copper member

Activity: 79

Merit: 0

Sounds good... subscribed!

Datamine

copper member

Activity: 55

Merit: 4

Datamine Network is a new non-custodial and decentralized open source economic system that uses smart contracts to create Adaptive Money. Our dual token DeFi protocol generates dividends every 15 seconds.

Our Core Use Case
Our dual token protocol rewards users for destroying FLUX tokens from circulation to create a dynamic market equilibrium using realtime on-chain supply and demand. FLUX is simply a measure of time that can be transacted to reduce global inflation and increase dividend rates. Dividend rates can be increased by buying time. The value of FLUX originates from borrowing a portion of the worldwide dividend mint rate when burning FLUX.

Decentralized Market Equilibrium
Early on, dynamic periods of volatility will occur frequently as the system moves closer to finding equilibrium. As the Datamine market cap grows and FLUX liquidity increases, a market equilibrium will be established. Datamine does not take custody of tokens and is only a collaborative hub. Datamine is not a licensed bank, broker-dealer, investment advisor or an exchange. Datamine uses partner protocols (Ethereum) to power its own ecosystem.

Realtime Multi-Smart Contract Analytics
Datamine Network is an emerging DeFi dApp leader thanks to our robust, feature-rich user dashboard that allows anyone to interact with our smart contracts. Get realtime on-chain market sentiment and see your balances in USDC with our deep Uniswap integration. Realtime market cap, portfolio balances and instant worldwide Datamine (DAM) / FLUX token analytics at your fingertips.

Secure By Design
All business logic is executed via Smart Contracts so your funds are safe and secure. No 3rd parties are involved in fund movement and transactions are performed on-chain. Our incentivized security pays you to stay safe!

Built For The Community
Utilizing the latest serverless, web3 and mobile technologies our Smart Contracts feel like the apps you use and love. Seamlessly switch your experience from desktop to mobile on the same secure and easy-to-use dashboard.

Datamine Official Site: https://datamine.network/

Datamine Knowledgebase: https://support.datamine.network

Technical Whitepaper: https://github.com/Datamine-Crypto/white-paper/blob/master/docs/datamine-smart-contracts.md

Topic: [ANN] (DAM) Datamine Network - FLUX: Time is Money 2.0 - DeFi DApp - page 10. (Read 5961 times)