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Topic: [ANN] (DAM) Datamine Network - FLUX: Time is Money 2.0 - DeFi DApp - page 2. (Read 5961 times)

newbie
Activity: 1
Merit: 0
Hi
Today I tried to sync my Bulwark Core Wallet. That did not work and now I found out there was a swap last year. Did I now lose all my BWK.

Any advice would be appreciated.

Eduard
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
A little bit strange as on the website I don't see any updates in project road map, it is still december 2020 there Huh

At the bottom of the dashboard or main page it says:

Quote
Major Milestones
Mainnet Launch
June 8th, 2020

FLUX Failsafe End
July 2nd, 2020

Closed Alpha
July 31st, 2020

Open Beta v3
December 31st, 2020

Open Beta v4
April 30th, 2021

Please see dashboard here, and you can click on help in the lower right corner or find other links from there.

https://datamine-crypto.github.io/realtime-decentralized-dashboard/

https://datamine-crypto.github.io/realtime-decentralized-dashboard/#help
newbie
Activity: 21
Merit: 0
A little bit strange as on the website I don't see any updates in project road map, it is still december 2020 there Huh
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
Remember this?

It's been 6 months.  Ready to admit you got bamboozled into being a bag holder again?  So many opportunities to take profit.  I even warned you.  Sorry buddy.  Better luck next time.

Number Go Up Technology.

You can still buy FLUX from UniSwap, the pool is bigger, more have been burned.

Bamboozled implies someone was fooled or misled. The facts are all out there for everyone to see. There is more locked in, at the same time there is more in both the FLUX and DAM pools. All one has to do is look at the numbers, look at the analytics, which are all open.

I don't get you, you come here to deep boil yourself into french fries every time.


I did take profit, but I still hold all my original DAM. Thanks for the warning though. Luck is what you make of it.
jr. member
Activity: 38
Merit: 7
So total supply of FLUX Tokens is unlimited and it has no starting supply also. So how do you planning to prevent a token from depreciating without a fixed supply? Is there will be token burnings?

As of this post about 66% of FLUX has been burned. More than 438k FLUX have been burned and that's only counting for locked-in DAM addresses. In total 504k FLUX have been burned.

Anyone can burn FLUX. Get it from UniSwap then burn it.

Remember this?

Got an ETH address you'd be willing to demonstrate ownership of

Nah. I'm not the type. Sorry. I'm shy. Besides, I don't personally have much, (or not as much as some would believe, I like pretending) just token amounts for playing with the dashboard.

Quote
... because you're nice (you are and I like you and appreciate you for that).

Thank you. I'm sorry I can't answer the other concerns though. Feel free to stay. I'm not the best at understanding some of these things.

Quote
How do you account for the 70% price decline in the last ~2 days, then?

It's been a week and a couple of days.

Bitcoin was once $20k, and fell to $3k. (Even older still, it was once $1000 and fell to $200, and before that it was once $50 and fell to $2.)

I suggest you give this whole thing some time to sort itself out, perhaps not 11 years or anything like that, we all know things move a little quicker these days. But a couple of weeks is kinda pushing it.

It did start at somewhere below $0.01 before it went up to $0.20. And FLUX actually started at zero.

I learned a few things:

PITNOG = Patience is the name of the game..

It's time in the market, not timing the market.

Finally, the devs do not have a premine, either of the old coin, or the new token. We all started out the same.

It's been 6 months.  Ready to admit you got bamboozled into being a bag holder again?  So many opportunities to take profit.  I even warned you.  Sorry buddy.  Better luck next time.
newbie
Activity: 52
Merit: 0
I am a firm believer that the dual token system and its self regulatory burning mechanism are well balanced.

I have been working on a community calculator for a while, where you can calculate your returns based on the burn multiplier and other factors. Just by "staking" your DAM and earning FLUX, the APY is >30% as of writing of this post. Pretty awesome I think.

You can play around with the tool here: https://damalytics.web.app
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
So total supply of FLUX Tokens is unlimited and it has no starting supply also. So how do you planning to prevent a token from depreciating without a fixed supply? Is there will be token burnings?

As of this post about 66% of FLUX has been burned. More than 438k FLUX have been burned and that's only counting for locked-in DAM addresses. In total 504k FLUX have been burned.

Anyone can burn FLUX. Get it from UniSwap then burn it.
jr. member
Activity: 52
Merit: 1
So total supply of FLUX Tokens is unlimited and it has no starting supply also. So how do you planning to prevent a token from depreciating without a fixed supply? Is there will be token burnings?
jr. member
Activity: 38
Merit: 7
it has own chain or on eth chain

It's an Ethereum token

And what unique here? Why is this "Money 2.0"? We have enough projects where 2 types of tokens and people are getting as dividends. But honestly I don't see usecase of your token.

Nothing unique.  I pointed this out a while ago.  Tried to warn the suckers.

https://bitcointalksearch.org/topic/m.54763535

copper member
Activity: 8
Merit: 0
it has own chain or on eth chain
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
As of this post,

Quote
FLUX Burned
321,201.55 FLUX / $ 162,595.38 USDC (62.40% of minted FLUX)
hero member
Activity: 1610
Merit: 508
And what unique here? Why is this "Money 2.0"? We have enough projects where 2 types of tokens and people are getting as dividends. But honestly I don't see usecase of your token.
newbie
Activity: 15
Merit: 0
Announcement: 24 Hours Left until our Datamine (DAM) Snapshot
jr. member
Activity: 287
Merit: 1
Advisor B&M : Blockchain | Marketing | Investments
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.

Dear partners.
We are the new owners of the BETCONIX cryptocurrency exchange.
In December 2020, an updated exchange and platform will be launched for IEO and Listing.

Our mission is to create an honest platform for listing and ICO, we want to give a platform for listing promising projects even with a small capitalization.

The peculiarity of the platform is as follows:
- BETCONIX Exchange does not charge projects for IEO and Listing.
- The main requirement for your projects, the project should be promising.
- For your project should vote, users owning BNIX tokens.

You will only be required to present your project to the exchange users.
If you are confident in your project.
If you are interested in listing and IEO, without paying commissions of the exchange.
We invite you to cooperate.

Send a description of your projects and offers to [email protected] e-mail.

Managing director
GN BetConix ST s.r.o.
Andrew Plath.
[email protected]
https://www.bnix.info
https://betconix.com
newbie
Activity: 15
Merit: 0
Hello my fellow Datamine community.

We will be taking a snapshot of the DAM Contract and will be airdropping all the DAM holders with our token.

The datamine ecosystem meets the requirements to run our project and we Strongly believe the Datamine community understand the fundamentals of the protocol the best.

Follow the project on:
https://casinomoney.finance/

Edit: 1) People have been asking if they need to unstake in order to claim the CMF Tokens from the airdrop. You will not need to unstake your DAM to receive the CMF token"

2) We will be posting a bitcointalk ANN as we do not have any intetions in piggy backing off Datamines community for the foreseeable future.

https://bitcointalksearch.org/topic/--5288443
newbie
Activity: 22
Merit: 0
I think we can congratulate the Datamine community as Datamine (DAM) have successfully passed professional audit by the SlowMist team Smiley Smiley
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
Try damcrypto.com which redirects to https://datamine-crypto.github.io/realtime-decentralized-dashboard/

Everything should be available there. If you have questions, feel free to ask here or join the discord.

https://discord.me/dataminenetwork

Can also see the medium articles and tweets:
https://medium.com/@dataminenetwork
https://twitter.com/dataminenetwork

Recently the contracts were professionally audited by the Slow Mist team and passed.
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
If you're talking about the price of DAM, it did not start from $16, unless you are counting the past two or three years when it was BWK before the swap, and two different dev teams and communities took over the development of the coin then brought it now into an ethereum token.

So that's either ignorance or intentionally misleading to say there is a 95% loss from $16 to $1.

If you're referring to the price of FLUX, given that the token is only 3 to 4 months old, that's not enough time to let the market stabilize to lead to any meaningful conclusions. It makes it sound like a sour grapes kinda pump and dumper in it for the short term 100x gainz.

That's not what I'm after personally, and what several others who are in it, it would seem to me, but I may be mistaken. Of course you will always find a rotten apple in every group, you just seem to be more verbal about it.

FLUX liquidity in Uniswap is up 4x compared to last month. That's a good metric. I think that's amazing too.
DAM locked in has been consistently close to 70%. That's another good metric.

You can participate now in the open beta of the analytics platform.

All these are on-chain data.

I can't make Hodl do anything, and at this point I don't really listen to anyone who says they're right or they're wrong, just look at the numbers that you and everyone else can see and stop fixating on the price. The price goes up. The price goes down. There are cycles.

There is at least one use case, which seems to me, to be better than a lot of other projects that don't even have an on-chain intrinsic use case for their coin or token. This one has at least one. The other use cases will follow. So far there is about $200k worth of FLUX that have been burned, and that's only for those addresses that have locked in DAM at the moment, does not include the other addresses which are "inactive".


Stop dunking on me, I am not a part of the project any more than the other people are. I don't control the market (who does?). You don't like the coin, you can go away, which you seemed to do okay for awhile, then you come back every time the price moves? I guess I'll see you around here quite often.

If the price looks low to you or to anyone else, I guess that could be taken as a good indicator to get some of it.
jr. member
Activity: 38
Merit: 7
Is it stabilizing in the direction you anticipated?

The FLUX/ETH pool has more liquidity now than before, currently around 21k FLUX. There are also liquidity pools in sushi, burger and balancer pools. More than 31% of all minted FLUX are burned.

DAM locked in has also remained stable close to 70%.

Considering the DeFi hype for all other coins and tokens have gone, I think it's doing quite well and it's still above $1 USD.

I guess a 95% loss (~$16 -> ~$1) is “doing quite well” for a DeFi project given all the rug pulling going on.  I still haven’t seen a use case other than ... burn this for more of that, which produces this (a circular and deflationary use case).  So far time and history are validating my arguments.  Price movement for DAM and FLUX are both strongly down since I initially brought concerns to you in a more private forum.

Are you ready to have HODL write that two page essay detailing how I was right and he was wrong?

I’ll come by and dunk on you every few months until he does, or this project explodes into an unimaginable success... at which point I’ll admit I was wrong. 
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
Is it stabilizing in the direction you anticipated?

The FLUX/ETH pool has more liquidity now than before, currently around 21k FLUX. There are also liquidity pools in sushi, burger and balancer pools. More than 31% of all minted FLUX are burned.

DAM locked in has also remained stable close to 70%.

Considering the DeFi hype for all other coins and tokens have gone, I think it's doing quite well and it's still above $1 USD.
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