Bitcoin Forum

Sounds good... subscribed!

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

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!

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

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/

https://i.imgur.com/QOcZQ3m.png

Links:
Bulwark Wallets (Windows, Linux & OSX): https://github.com/bulwark-crypto/Bulwark/releases/tag/2.2.0
Graviex account registration: https://graviex.net/signup (Swap Date: June 08, 2020)
Crex24 account registration: https://crex24.com/register (Swap Date: June 15, 2020)
Txbit account registration: https://www.txbit.io/Signup (Swap Date: June 22, 2020)
Discord: https://discord.me/bulwarkcrypto

[/list][/list][/list][/list][/list][/list][/list][/list][/list][/list][/list]

Registration on Txbit doesn't work because the activation mail is borked.
So what.

/e: figured it out, copy the string and remove line breaks and = manually to fix it ::)

/e: wow fuck it, their KYC is totally excessive.

I'm a DeFi noob with a dumb question: what is the benefit of the two-token system that DAM has implemented? Why Flux and not just Dam?

When can we lock more DAM please? TY.

Can I buy Dam token now?

Small question. Do we need to unlock DAM to lock more/new DAM? Or am I missing a button?  TY.

How is Dam circulation supply works, is it only 16 M? Let us know the token distribution system

We can only unlock to lock more after 28 days, right?

you can unlock to lock more anytime but time multiplier will be reset

Is the requirement to unlock before locking additional DAM by design, or is this a possible future feature?

I am struggling to understand this staking system and unfortunatelly I seem to be the only one. I've already read most of the "getstarted" guide and my doubts reI am struggling to understand this staking system and unfortunatelly I seem to be the only one. I've already read most of the "getstarted" guide and my doubts remain. Even went on Discord but the replies I get there seem redundant.

What's the point of burning FLUX to earn more FLUX.In the end what do you do with the FLUX you earn...keep burning them to earn more?? Do people actually sell FLUX or does the number of FLUX you hold have any influence in DAM? I ve seen other staking projects and normally you're purpose of earning dividends is to grow your holdings withe the idea to sell them eventually. Here, it just seems redundant.

Can someone please explain the value of this to me.
Thanks

You are not

Seriously, I asked very basic questions so you could explain to me in layman's terms what was the PURPOSE of creating tokens only to burn them. WHAT'S TO BE GAINNED IN value for the individual user?

Why couldn't u adrress my questions directly in a methodical fashion? Instead you answered with the same techincal terms that made my doubts arise in the first place.

I wish there was a telegram channel, so much more friendly than Discord. There someone would dfinitely help me with this.
And how does this add value to DAM in the first place. It's like DAM only exists for the sake of FLUX.

I must've touched a sensitive point with my doubts. Wow the lack of sensitivity to help potential investors that have no knowledge of these things really says a lot about you. clearly not deserving of my money or other people.

I'll make sure to spread the word on telegram channels, how you help people understand your project!

Lmao imagine being such salty. I think we can live without your $20 dude...,
everything is said if you dont understand it how to help you?

Thats more DAM for me..

You can swap your FLUX on uniswap or sell it to someone else who needs to burn it for the reward system. 

If I'm reading this right, the primary purpose of FLUX is to be burned to get the 10x multiplier to get more FLUX?  What are the other use cases for FLUX outside of this?  I understand DAM's use case as being the mechanism that produces FLUX through locking... but that mechanism assumes that FLUX has underlying value or some natural reason that people would want to use / buy it.

Right now you're basically describing a two-tier ponzi system.  Is there something that I'm missing that can be clearly explained?

Where is the actual use case aside from this burning strategy?
Burning alone will not give the results that you are aiming for this project.
Many projects tried to showcase that burning technique will give them good value in exchanges.
But it's not, you need to find solid application in the market.
Otherwise, this will be another dead project soon.

Yeah.  That's a picture.  So your argument is that the "value" of FLUX comes from destroying it... because destroying FLUX allows the person who destroys it to... create more FLUX?  So, basically, burn X flux and get X+n FLUX back, right?

Buy a little FLUX now to dump lots of FLUX later onto other buyers.  AKA: Ponzi.

Also, I'm reviewing this info graphic and it has USD values on it.  They are - of course - already out of date.  DAM is currently worth $.17 according to Uniswap (https://uniswap.info/pair/0x447f8d287120b66f39856ae5ceb01512a7a47444) and FLUX is currently worth $16.69 according to Uniswap (https://uniswap.info/pair/0x27fa67302c513f5512bbfa5065800c2d7b3871f4).  Thus, the USD values you've listed on your image are already down by ~20-30%.  It's best practice to have updated and reliable marketing collateral, as to not create false expectations within the market, so you should address this disrepancy.

Interestingly, it seems like someone is wash trading DAM -> ETH - > FLUX via the smart contract.

This transaction is showing up as DAM - ETH https://i.imgur.com/rXNquSL.png on the DAM pair and as FLUX - ETH https://i.imgur.com/mlLL2fN.png on the FLUX pair, yet it appears to be DAM -> FLUX swap.  Interesting to see the artificial volume this sort of mechanism creates.  

https://etherscan.io/tx/0x4d9c295f8ccdc61290ce484bf08c62da0de2e3d72c23096480ab172b48dea52d/

Fortunately, because all of this data is stored on the Ethereum blockchain, the data is very easy to mine through.  Datamine.  GET IT?

Request for full disclosure:  are you a former Bulwark bagholder that participated in the swap?

ANSWER:  Absolutely a legacy Bulwark holder trying to dump his heavy bags on unsuspecting suckers.

Evidence: https://bitcointalk.org/index.php?topic=2499481.msg46412025#msg46412025

Screenshot for posterity: https://imgur.com/iEiBC2S.png

came back to say please dont buy in it.
This will devalue faster then you make in ROI and this forever.
If you got any brain dont buy in.

The USDC values are available in real time on the dash board. Graphics are never updated unless you want some sort of ticker thing or a non stop movie. You should look at the date and time of the post. Stock quotes on many websites are usually delayed by at least 15 minutes too.

Comparing this to a stock quote is ripe.  Stocks are derivatives of businesses that have revenue and viable models.  They're also subject to robust oversight.  This project has none of those features.

Dev - you're outing yourself.  Never merit your own posts with a second account, really gives you away. 

When extra tokens are burned, this usually has a positive effect on the project and there is no oversupply of tokens, which can depreciate if there are too many of them. This approach is always appreciated by projects and investors.

The word "invest" implies an expected return.  In the context of DAM, the "investment" is in a DAM token which "returns" FLUX tokens.  Sounds cool.  However, the only purpose of FLUX tokens is to be burned. So the real measurement of return will be return on capital (in the form of ETH, likely, or maybe USD).  Let's do a thought experiment.

Let's say you've got 1,000,000 DAM and are earning .01 FLUX every 15 seconds.  Then you have all the multipliers except the 10x burn so now you're at .03 FLUX every 15 seconds.

But you're soooo close to that 10x multiplier, so you buy some FLUX to burn it.  Great - what's your reward?  You get back MORE flux than you burned.  

You bought the FLUX to burn with ETH.  For ease of explanation, let's say you paid .05 ETH for 1 FLUX to put you over the 9x burned / wallet balance ratio.  Burning this 1 flux nets you an extra .27 FLUX every 15 seconds, so soon you've got 5 extra flux to sell to recover your .05 ETH.  But you're profit seeking, and probably want to at least double your returns.  This is Crypto, after all, and you're interested in a 200% return for about 10 minutes of work.    So you sell your 5 FLUX at .03 ETH each for a total of .15 ETH, recovering the initial buy in plus a tidy 200% gain.

The guy who bought one your 1 FLUX at .03 each for .03 ETH similarly has 1,000,000 DAM and are minting .03 every 15 seconds.   Soon he's got 5 FLUX to sell to recover his .03 ETH.  He's also profit motivated, but not unreasonable, and similarly wants a 200% return for a few minutes of work.  So he prices his 5 FLUX at .018 ETH/each and they sell.  He makes a 200% return and the cycle continues.

This is the inherent deflationary mechanism in the burn to print model.  No rational investor, who is seeking return on capital, is going to buy FLUX to burn it expecting a loss.  The only people burning FLUX are doing so because they expect a return.  The return won't be in FLUX, but in the base currency (ETH) in this case.

I'm not Dev and have no connection to the team in any way. I merit the post of another person and you think I'm the Dev? Anyway ...

This project is all on-chain, so everything is there for everyone to see. The source code is there too, there was about a month of beta testing, and nothing is hidden. It's more transparent than most companies. I only compare so you can get an idea of the time delay. Everyone compares coins or tokens to the stock market even though maybe it shouldn't, that's just the way crypto is.

As for your math, I'm no good at it, but not everyone will want to buy FLUX to burn it, and everyone who sells it is so that someone else can burn it. It goes around. There will be more FLUX as time goes on, the market dictates the price. Eventually there will be an equilibrium reached. It started at zero or close to it.

No one is forced to buy anything, there was no ICO (and the previous coin where it swapped from also had no ICO.)

No rational investor for that matter would ever invest in any crypto as the whole category is high risk, from BTC to ETH all the way down to Z.

Have a nice day Mr. Potato!

Wondering why Mr Potato (and others) shows up on this tiny little coin. With all the technical knowledge he shows.
Which coin / project are you coming from?
Or did you have a issues with DAM Devs?
Very strange your attendance...
It's kind to stand up for the people (not that I have to feeling that's the reason why you are here
So no worries, most of us are grown up.
We can live with our risk decision. Even if DAM should be a pozi.
Thank you and have a good life.

You're just mad you got banned from the Discord for trolling. Keep it up buddy.

So.  You don't have anything to say to rebut what my main points are.  Good news.


I got banned for asking tough questions; I tried to address this in a less-public place and got banned.  It was clear that constructive suggestions and challenging conversations were not welcome, which is a hallmark of scam projects.  So, to that extent, you're right.  I got banned from the Discord for asking the exact questions I'm asking here.  So far nobody has answered them.  You're welcome to.



Right.  A random "Newbie" account that's a few years old and hasn't commented much in BTC talk at all just shows up in THIS specific shitcoin thread and then Merits deceiving advertising collateral.  Sure, "dev", you're TOTALLY not related at all.  Just a huge coincidence.  I'm sure. Of course. 

Also, notice how you failed to address any of my concerns other than to suggest that people will want to buy FLUX to... hold?  As though one of the other stated use cases is a store of value?  Give me a break man.  This is a two-tiered ponzi.


I'll say it again:  I tried to bring these concerns up in a private setting, hoping for discourse and the opportunity to contribute thought-work to the project and was banned for the effort.  So, yeah, I'm going to alert others to the very transparent concern this project should create in anyone doing due-diligence.

I'm not random, although I am a newbie, been around these parts since only last year. Not a "few" unless you meant less than one.

Not sure what is a huge coincidence to you. I am merely replying because you addressed me specifically. Again, no relation to "dev" or team. I don't know them. I don't know you.

Shitcoin implies garbage. This certainly is not one of those, although it is understandably very hard to distinguish since 99% of the more than 2000 coins I've seen have since gone to the graveyard. But failure of a coin does not mean it is shit.

No one said anything about store of value either, you just brought it up now. When I think about it, almost all coins or tokens have that as a property, although I wouldn't store some of them long term.

Ponzi ... well, ... I don't know. Maybe? Is it a ponzi if you are aware that it is? Is it really a form of fraud?

As for the final paragraph, I don't think you tried hard enough, but you certainly want to target individuals like me. Or maybe it wasn't as "private" as you make it look like. From what I can tell, there were questions, there were answers, someone didn't like the answers, so asked the same questions over and over, as if he'll get any different answer.

If you didn't like the answer, you could have left and stopped trolling. The team does not want your money. They don't want anyone's either. They did not accept any for the whole time I have been in this space it seems even while the dev was doing something in the previous project. They just like to build cool stuff.

It's good that you have concerns. I just hope you look past your own bias against this project and try to see what value can be derived from it, rather than attacking them after being out (on mainnet and out of fail safe) for only a week.

Again, you don't like something here, there are a couple thousand other threads you can spend your time on. Or forums. Instead you are here ... altruistically defending the wallets of people you don't know? Perhaps. Perhaps. I applaud you if so.

I'd really like to see what happens next. I'm in for the tech.

I've got to walk my dog now, while I still have a dog ... :)

Your behavior is highly coincidental. 


This is unequivocally a shitcoin with a developer team Hobbled together from Bulwark bag holders trying to save themselves from the catastrophic losses of their poor decision making.


I presumed you were making the Store of Value argument.  You implied people would want to buy this for some reason other to burn it, implying some intrinsic value.  I mean - if this isn’t a store of value and people aren’t buying it to burn, then why would they buy it?


That Discord was a lot more private than this thread. 



This is exactly the reason I’m here.  I had over 20k Bulwark I didn’t swap because this was a clear cash grab and I didn’t want to be involved in dumping my bags in some revived shitcoin form.


Spoiler alert:  I turn out to be right.  There is no tech. FLUX has no use case.  It’s literally a ponzi.  So much so I’ve reported it to the SEC.

Nice work pocket potato! You just complain and trying to troll a project even if you can't understand.

Yes, there were some Bulwark bag holders, but no bwk holders got their bags for free. They started with GPU mining and worked with masternodes or POS to obtain their BWKs, like many other fair coin/token projects do. And many former BWK investors like me purchased them by paying BTC or USD too. I had been participated BWK investors since February 2018 by mining with my GPU rigs. After sometime concept changed to POS/MN, and i purchased more and installed some masternodes which was required costs. And then some malicious characters like you started manipulations/speculations and the team abandoned project but Hodlforjesus. Hodlforjesus was the most technical, talented and genius guy of BWK. Then Hodlforjesus and Neuromaniac offered a way to community members to swap their tokens to DAM, and people who accepted swap, joined it. DAM and FLUX has more intelligent infrastructure than former BWK has, which provides convenience to the developers, and they are trying to do their best so far.

There were circulating ~25M BWK, 25M DAM tokens created for the swap and ~16,876,778 was subjected to the swap. The rest of tokens 8,123,121 tokens were burned by sending this address/transaction.
https://etherscan.io/address/0x2c6156cb7f44929e1ac1ba6c3e03e4ab1d9b6b98#tokentxns
https://etherscan.io/address/0x0000000000000000000000000000000000000000#tokentxns


All these actions were happened very transparent to both BWK and DAM community.

And i had one case, i was late for the latest swap, and i couldn't send my 15463.35 for the swap. As i was late for it, Neuromaniac the dev didn't accept my tokens to be swapped and i couldn't blame him/them because they did everything with transparency.

The code for dashboard is open-source, can be followed. The contract is open, can be followed by everybody.

There are big workforce and product which is presented to the people. Without looking at the transparency and work, making malevolent behaviours is not fair.

Hopefully bad karma will find whole scammers and injustice/unfair people!

Regards to respectful people.

You haven't tried to explain anything.  So far nobody has posted a response to my questions. 


You're comparing a minted ERC token with a mineable PIVX clone.  I'm not even sure what you mean by "more intelligent infrastructure".   The devs basically tried to create an ERC "savings account" that yields a "dividend".
 I'm not assaulting their intent.  I'm not worried if they're trying to do their best or not.  Lots of good people try their best and it still leads to catastrophe.


So your position is that the totality of the inherent value of this project is in the dashboard and the ER contract and that the underlying assets have absolutely no value?  We're in agreement!

2 people isn't a "big workforce". 

Dear Mr P.
I'm way to old to go in any form of mental discussion. It's okay. You made your point.
It's fine. You did what you had to do.
People are warned now and can read all your technical concerns.
Stay happy in life and good luck.
It's truly okay. You can leave. No worries. The world will keep on turning.
Thank you very much.

I'm glad to see I'm not the only one mystified by the whole Datamine ecosystem.

Thank you NationalPotato and others who have been asking questions about this Flux burning/minting circle.

Hopefully at some point Datamine will provide a clear answer as to what is the use case of Flux other than burning to create more flux.

Also, it's odd to see PistonHonda on this thread. When I've encountered him on bitcointalk before he's generally been slamming projects. Here he seems to be a cheerleader. Maybe PH can elucidate the purpose of this project for us.

PH is an early BWK bagholder (he operated “nodes”, so at least 10k+ BWK).  He’s probably trying to recover catastrophic losses from failing to exit in time. 

I REALLY, REALLY hope you’re not a US citizen because - wow.  

FLUX isn’t money.  It’s a cryptocurrency.  There’s a difference. Legally, it’s property, not currency.  Anyone based in the US trading this will be subject to IRS rules on property and not money.  

You’ve also only reiterated that the existing use case of FLUX is to serve as a ponzi mechanism.  Burn flux to borrow the global mint tate?  Aka: burn FLUX now to get MORE FLUX later.

What did Bernie Madoff tell his “investors”?  Give me money now to get more money later.  You’re saying buy some FLUX now to get more FLUX later and you’re calling it money and you’re calling it a dividend.  If you don’t appreciate the weight of your claims I’m sure some plaintiffs attorneys will when they subpoena Discord for your details.

Good thing the main dev is Canadian and not an American.  ;)

Nevertheless, this is some next level troll or ignorance... not entirely sure which. You do realize, that you can burn your own Flux, and there's no claim you need to buy someone else's Flux? Also, the ponzi comparison's are getting old. Who's at the top of the pyramid scheme? Oh wait... nobody. Nobody is at the top, because it's not a pyramid scheme and there's no pyramid. Let's also throw in the fact that you can burn Flux, and your burn amount can be less then what the bonus mint will yield. So yeah, how's this a ponzi? It's actually ludicrous you're this mad about not swapping your 20k BWK. Go buy Stu's Bastion_Invest Token, or go take a look at how he's been dumping his DAM bags on the market.

So your entire shtick is that it's a ponzi, yet it's nothing like it. Simply another spin on the distribution system; instead of using a GPU or an ASIC to do arbitrary calculations and earn a percentage portion of the block reward, you're staking DAM to create Flux, and have an option to burn Flux to increase your DAM's Flux yield. How is this inherently different? By your logic BTC and ETH are ponzi's because you can "burn electricity" to increase your mining yields. Sheesh this dude is a next level degenerate.

Any Canadian users harmed by this blatant scam can file complaints here: https://www.services.rcmp-grc.gc.ca/chooser-eng.html?ipeReferer=CAFCFRS

I elected not to swap my BWK because I didn't want to forward the expense of my mistake onto others.  I don't blame all of the BWK bagholders for wanting to recover their losses - it's rational - I'm just tired of seeing how many bad projects pop up in the space as giant cash grabs.  There's plenty of public statements from the DAM team (Hodl4Jesus, Dabs, Neuromaniac) claiming that this is the new Bulwark. 

To date, no one has bothered to rebut any of my initial concerns related to how the core mechanism of FLUX (burn N flux to get N+X flux) is inherently deflationary.  Since yesterday, the price of FLUX has fallen by ~50%.  There's nothing about this project that is "money" or a "savings account". 

The phrase "savings account" implies a return on capital or at least preserved capital along with CDIC insurance automatically insuring deposits.

Don't use deceptive language to shill your shitcoin and maybe I won't be as persistent in calling this scam what it is.

 

So you're salty because you're trying to exemplify a sort of self-righteousness? Alright pal. Obviously you have no idea what crypto ventures go through when trying to figure out initial token distribution. Hodl could've just launched his endeavor, but he decided to swap with disenfranchised BWK holders, since communities are tough to come by, and it solves the initial distribution issue so many tokens face.


Are you senile? Again, I'll reiterate, this is simply a means to bring more tokens into the ecosystem, just like BTC mining. BTC mining is utterly worthless, and just "mines" ever-increasingly difficult equations to earn a bit of the new distribution. Flux is the distributive portion of DAM. What is there not to get? They aren't separate entities. Flux gains its value from the "lock in time", just like BTC gets its value from solving useless equations. Burning is irrelevant to the discussion, because its just another method of earning a bigger portion of the Flux distributions (think, having a bigger share of a mining pool). I mean either you're extremely new to crypto, or senile, or both perhaps; your claims are simply unfounded.


Now this is just nitpicking about marketing words. And lo and behold, this is still a very young project, and they've actually changed the marketing of a "savings account" to Money 2.0. Savings account never made much sense to me, and didn't really encapsulate what this project was. Also, it does give a return on capital, in terms of Flux and DAM. USD value will fluctuate, and anyone going into crypto, especially a low-cap project like this, will know this.


You throw around scam and ponzi like it's going out of style. Who's getting scammed here? Because you don't think this cryptocurrency is worth anything? Well news flash for ya pal; welcome to any form of currency in the 21st century. It has value because we say it has value. USD has value, because we say it has value. BTC has value because we say it has value. DOGE has value, because we say it has value. None of these examples have any "inherent value". Looking at BTC and DOGE specifically, they're merely currencies, and do nothing more then facilitate transactions, and guess what! People value that! Newsflash, people also value the ecosystem surrounding DAM and Flux, and the intuitive take on staking/minting new tokens. The self balancing on chain demand system works, and people value that. Now, they've stated that other uses cases for Flux (which is the LIQUID token in the DAM/Flux ecosystem) are planned. Now you can kindly piss off with your "scam" and "ponzi" bullshit.

So far no one has addressed how a burn N to get N+X mechanism is inherently price deflationary.  There’s not going to be a problem with FLUX liquidity because in a month supply will be higher and the price will be lower.  The only use case FLUX has is to burn it to create more FLUX.  That’s the primary and only current purpose for it.  

There are a lot of scams in crypto.  There are a lot of HYIP/ponzis in crypto.

Your inability to actually get to the meat of this issue while instead just wildly flailing your arms and calling me names isn’t going to help address these fundamental concerns.  I’m an old head in the game, too, been around for a few market cycles.  Attempting to resurrect a shitcoin through swap to keep the community is an old trick.  But remember, all those people have bags to sell and they want to recover their losses.

Their stack of DAM produce FLUX, which they’ll try to sell to recover their losses.  The sell pressure on this project will be heavy, heavy, heavy.

Now this was helpful.

I'm not particularly new to crypto, but I'm not well-versed on minting methods other than PoW. Perhaps there are others out there like me. For dummies like me it would be helpful to have explanations in plain English without jargon.

I guess another question I have is 'why are there two tokens'. Why not have staking DAM create more DAM? Are there other projects out there with this 2-token approach?

I asked the main developer this question, and he put it like this:

DAM is your ticket into the ecosystem
FLUX is what is used in the ecosystem.

If we just had one token we could not have started with 0 FLUX.

Flux has planned future use case on top of what it's already doing (have yet to be revealed). Another user described the relationship as a NEO-GAS, THETA-GAS and VET-VTHO sort of relationship. DAM has a static supply while Flux's supply is infinite, with a large majority of it being burned by users.

I'm glad though my mining comparison helped you see what's going on here. I saw it from the beginning like this myself, since I was big into mining a few years back. I feel its once of the best ways to explain and describe this ecosystem. Cheers!  :)

Thanks again xxmetalmartyrxx.

A feature enhancement I'd suggest is when we buy more DAM, we can add it to our current locked-in DAM without unlocking the original stash (and thereby re-setting the counter).

Unlocking your DAM tokens will cause you to lose your current time bonus. Any unminted FLUX Dividends will also be lost. it is recommend that you mint your FLUX Dividends before unlocking DAM.

1. I'm not part of the DAM dev team, I'm just another person on the discord or this forum that got some tokens, like everybody else.
2. I may have mentioned that Bulwark is conducting a swap to DAM, and everyone knew that, as 16.8 million were eventually swapped, and 8 million DAM were thus burned.

You're part of the BWK team (you're "Marketing" according to your Discord tag).   Or was that just for Bulwark?  Please don't be deceptive.  

Here's you saying that DAM is the new BWK and that "it's like a rebrand".    https://i.imgur.com/Q1ZH49L.png

Here's a direct link for anyone in the BWK discord:  https://discord.com/channels/374271866308919296/374271866308919298/710569922534703205

Here's a link to the BWK discord: https://discord.me/bulwarkcrypto

(I've also created a few videos of the search in case, somehow, the message in question  "disappears").

"Marketing" of the community that took over development of the BWK coin after the old team left. I was not a part of the old team or the new team otherwise, just an "outsider" who stuck long enough in the discord, that and I'm also on this forum as well. Not being deceptive, never was, never have been, never will be.

"DAM is the new BWK, It's like a rebrand." Faster way of saying what everyone already knows to mean, sorry if that was not clear to you. Remember that discord is a real time chat application, unlike this forum where sometimes people type from a keyboard or a desktop / laptop computer.

My usual role around these parts has been as third party or escrow. In both cases, in BWK and now DAM, I never held any coins or tokens that belonged to the team.

As you know, I've been here long enough to value my own integrity; I have no beef against you, and we did chat briefly in discord.

I don't have a beef against you either, but am just trying to clarify things.

You're not part of the old team, but you're labeled as  "Marketing" in the Bulwark discord.  That seems to be an "official" position?  There are other folks who are "rank 10" that aren't tagged with "Marketing".  I never said you received any portion of the BWK pre-mine (Hodl4Jesus didn't either, as far as I know, but they're absolutely the dev of the "new BWK").

How can you be not part of the team but officially part of their marketing apparatus?  Plenty of people stuck around just as long as you and aren't labeled as "Marketing". 

In your own words, DAM is the new BWK.  How can you be a part of the BWK marketing apparatus, but somehow be disassociated from DAM? 

It just doesn't pass the sniff test.

Dude, you are nit picking on minor irrelevant details.

For the sake of clarification since you brought it up:

Discord has some kind of permissions things attached to the labels or roles. I'm rank 10 because they have a bot that tracks conversations and if you stick around long enough, that's what you get. I used to be tagged "coding" because I requested to be able to see what they are talking about there. I'm tagged "BCT Staff" because at that time, I was Staff here on bitcointalk and the team recognized it. I no longer am a moderator here, but again, that's not relevant. I'm tagged "Marketing" for pretty much the same reason, so I am updated and be aware of what the community is doing.

I did not do any coding or marketing effort, except maybe to mention the coin to a few friends. You can see it all in the old discord as some channels there have been marked under "archive" but they are not deleted, as history. You can also see everything that has ever happened in the BWK threads.

It seems you've been around long enough to run at least 4 masternodes back a year or two ago, then you know everything that happened.

As to why you did not join the swap, well, you did say you refused to participate. So you still have your BWK. That is fine, that is your choice.

Did I pull some strings or anything like that? No. I asked nicely. Same thing with all the other Discord servers that I am on.

If you don't have a beef against me, we can end this part of the conversation here cordially and respectfully, thank you. If you don't like DAM or don't like what the devs are doing, you don't have to be here. If you want to "protect" people, you can also do that in hundreds or thousands of other threads, particularly the ones who actually asked for money in the form of ICOs/IEOs or similarly. I escrowed a few of those before just to make sure those coins launched. Some are still alive today, some got stopped before they could get started and some died their natural deaths.


Stop sniffing whatever it is you are sniffing.

To confirm your explanation of this:  Rank 10 is because you've been such a frequent participant in the server that the bot managing ranks has  promoted you to the highest-participating rank.   The "Marketing" distinction is one you received because you asked to be more involved in Bulwark's marketing.  For the sake of clarity: do you have any administrative privileges within the DATAMINE server?

I'll keep sniffing around the margins.  This entire project stinks.  Stinky stink is what the current odor is.  I hope it improves. I'd love to see whatever necromantic magic that's attempting to revive the fetid corpse of a failed shitcoin to actually succeed.  Could you imagine how promising of a model this would be going forward?  There are SO MANY failed shitcoins.  If "they" manage to convert this one into a successful ERC-777 token, imagine the market opportunities moving forward.  There are multitudinous suckers to bag with heavy burdens to carry forward into perpetuity........


I was happy to inform the devs their coin didn't pass the sniff test in a more private forum. They banned me for it.  So, no.  I won't leave.  Neither you, nor any other respondent, has managed to assuage my concerns that FLUX's primary mechanism of burn N FLUX and get N+X FLUX in return is deflationary.  

Since my initial post, FLUX's value has fallen from $16.69 to $5.42.  That's nearly a 70% decline in about 55 hours.  Maybe my primary critique of the project has merit?  If you disagree, perhaps you believe the current price of FLUX is advantageous to your long-term financial best interests and buying would be a prudent choice?  Put your money where your mouth is.  Got an ETH address you'd be willing to demonstrate ownership of, and then demonstrate purchasing FLUX with?

DAM has fallen 20%, from ~$.17 to ~$.14.   I expect this trend to continue.  As more BWK bagholders become disillusioned with the prospects of succeeding with this project, they'll likely dump out.  FLUX's only use case currently is to.. burn FLUX for more FLUX.  DAM's only use case is to get FLUX, so there's not really a reason for DAM to onboard more users unless they enter with the intent to sell FLUX


So is hanging around and making sure my concerns are addressed (or not).  I won't just go away because you're nice (you are and I like you and appreciate you for that).  I'll leave once someone offers a reasonable economic explanation for how the FLUX burn mechanism (FLUX's only know use case, currently) is beneficial to the economics of this project.  I also laugh, out loud, at the assertion that there's some underlying demand for people to want to hold FLUX.  That's the most absurd, obtuse, outright developer-obsequious notion to be suggested in the better part of the last few years.  I've got a few Crypto "bridges" to sell, if you're interested in buying.  

It should continue to fall until the ROI with DAM/Flux reaches a reasonable point. At 10$, with current DAM prices, was over 200% monthly ROI. Obviously, that will fall until it reaches reasonable levels. Also, thanks for continuing to bump the thread!

Always happy to bump the thread.  Doesn't bother me that my responses to this bring things to the top.  The more people see how desparately the entire Datamine crew avoids the N+X question, the more people will realize that it's probably not wise to buy in.

Heck, your post just reinforced my point.  200% monthly "ROI" (I have no idea how you calculated that figure) is clearly unsustainable.  I figure everything will trend toward the Fed rate of ~0%... so I guess your argument is that FLUX is valueless?  Reasonable investors usually seek rates at or around the Fed rate.  So you and I are on the same page:  FLUX is valueless and anyone buying it is a sucker.

I didn't avoid it, and I addressed it in my response to you. I'll explain again; burning is just another mechanism to increase the minting rate, ie; you get a larger chunk of the global mint rate by increasing your burn. Similiar to adding a new mining rig to the global hashrate of a typical PoW coin. The N+X question is framed in a way that misunderstands the entire premise of Flux. Will the supply of Flux continue to increase? Yes, proportionally to the global burn rate. This WILL be price deflationary, until an equilibrium is reached. But, yes, the N+X understanding would imply that, if demand remains unchanged, the price will continue to deflate. It's almost as if... every cryptocurrency that has more supply being created is under this same pressure created by more and more supply though... HMMMM.  ::)

Masternodes, mining, staking: all these forms of supply increase are deflationary. Flux is not an exception to this. Burning won't be the only use case for Flux either.

Keep bumping the thread.

The incentive system based on burning extra tokens is a very interesting approach to the issue of extra tokens. Thus, coins should not lose much in price, even taking into account the fact that their number is infinite in essence.

How do you account for the 70% price decline in the last ~2 days, then?  How much additional liquidity are you wiling to personally supply to support the current price?
So we both agree the price is going to head downward until it reaches "equilibrium" or 0, whichever comes first?  I bet "equilibrium" is well-below $1.00 in the next 30 days. 

Also - to anyone considering $DAM vs. Mining hardware, remember you can always sell your GPUs on Craigslist and you don't need to worry about the developer dumping the books to exit stage left on their ugly shitcoin. A 1080ti is a 1080ti regardless of an individual project's market conditions.

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.


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.


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.

Alpha Datamine DeFi Network
July 31, 2020, I want to see how this will continue, and I see on the graviek exchange that the trade volume ratio is very low and the dispute between buy orders - far cell buy, should increase trading volume

I would like to thank NationalPotato and xxmetalmartyrxx (and few others too actually) for the entertaining and informative read. I believe NationalPotato brought up legit questions, and xxmetalmartyrxx provided meaningful answers (which could have been provided in a more respectful way though). I personally got some information I needed.

---

@NationalPotato: your concern regarding the utility for FLUX is reasonable, but I assume you are looking at things from a viewpoint of a person who is more into a traditional financial market rather than a cryptocurrency ecosystem. In a crypto world "inherent" value is often something intangible, and it is still unclear whether any of cryptocurrency offerings provide any 'inherent' value. If you look at it from Warren Buffet's standpoint, you will discard every single cryptocurrency in the world, including DAM, FLUX, ETH or BTC.

Look at it as a game. Its a game developers have offered, and the people agreed to participate in. The rules are openly described (both the code is open for everyone to check, and written text descriptions describe the rules quite well). So people are playing this game to entertain themselves, and to get some profit (and currently the profit is still high). They are playing voluntarily, and here you come and tell them "you are playing a wrong game, stop it".. Well.. its their game, they read the rules, they agreed to play. Let them play and enjoy the ride.

What will be the result of the game? The FLUX supply will inflate, for sure, it will lose value to some point. That's clear, and that's inevitable, as the supply still grows fast. Will it find its final balance at zero..? Maybe it'll do that like 99% of altcoins in the market, but definitely not quite yet. It might take few months or years, or may never happen, as it highly depends on what the developers will do next with the project.
In any case, one intentional result of this process will be the distribution of the coins, which is essential for any crypto project. If the destribution is wide enough, if enough people are amused by the game, and if the developers drive things forward to a next step (which should give additional value), then who knows where this could land at... some may say 'moon' ;D. Every project has its chance. In any case its still too early to speculate about this - as there are too many unknowns.

One side note: you participated in the BWK game (owned masternodes AFAIK), but refuse to accept DAM game. Whats the big difference? BWK was aslo a "lock your BWK to get more BWK" game, wasn't it?

I think anyone who chooses to play a game should know the rules.  One of the most common responses through this thread was basically "I'm not smart enough to understand that".  So I think an exploration of the rules and a more-through breakdown of them is fair.  One of the biggest fundamental rules of any coin with a mint function is the initial liquidity crunch price spike. DAM attempts to elongate this crunch by incentivising locking for FLUX, and burning FLUX to get more FLUX.  This may maintain the liquidity crunch and price spike for longer, but you've been in the altcoin game long enough to know where it lands 99.7% of the time.

The result of the game will be that FLUX and DAM are likely to continue bleeding value until they're able to create and successfully market a compelling enough use case (hint: burn FLUX to get more FLUX isn't a use case) that attracts new market entrants to support the price.

They could start buy honoring their bounties and patching bugs:
https://librehash.org/auditing-the-flux-smart-token-contract-major-vulnerability-found-5-000-bug-bounty-denied-with-team-also-refusing-to-acknowledge-or-patch-part-one/

SmartContract vulnerability could be a big deal and is one rule that's very much worth keeping in mind.


Based on my analysis, I don't think this project will go anywhere.  It's really quite likely that no major exchange will touch them just from a risk perspective.    CTFC is going after exactly this type of project: https://www.sec.gov/news/press-release/2020-153



Yeah, I played that game and saw how it worked out, so I didn't want to play again.  I also wanted to make sure anyone deciding to play this game could have a better understanding of the rules.

I'm glad you enjoyed the dialogue

Yeah I guess since he was pretty hostile and troll-esque in the Discord server (which led to him getting banned) I had a pretty short fuse with him on here. My wife says I've been getting less patient over the years, and perhaps I should be a little more patient, and a little more tactful in my approach; doubly so on a public forum like Bitcointalk. Apologies Potato, at the end of the day we can often forget on the other side of the computer is another human being. I wish you all the best. (Just some honesty and less fud spreading would be appreciated haha)

Alright, let's just set the record straight. This dude who brought these concerns is a verified scammer, going by multiple online aliases. This steemit article is just one example of the crooked games' he's played. https://steemit.com/bitcoin/@exposer/cryptomedicated-or-james-edwards-and-chayleh-tracey-fraud-exposed-or-picture-proof.

His concerning was with the "approve" function in the code inside the ERC777 standard that gives it compatibility with ERC20 (from my non-technical perspective, I'm not a coder). Someone in our community put it like this;

Alice says to Bob, "I approve of you spending this $20."
"Thanks Alice!  I'm going to go spend all of it immediately on BWK.  That coin has a great future!"
"Wait, Bob, before you do that, I've changed my mind.  I now only approve of you spending $7."
"Sorry, Alice, I already spent it all."
Does this sound like an exploit, or did Alice make a poor decision in approving Bob to spend her money?


So this exploit, actually can't be exploited because nothing in the DAM-FLUX ecosystem utilizes the "approve" function. See for yourself, go trade a regular ol' ERC20 on uniswap, and you'll notice you must approve it. Trading FLUX and DAM do not require this, as per ERC777. So this is currently unexploitable. Now Hodl has mentioned that later today he'll be replying in a long form to address this concern. Again remember who brought these allegations forward; a toxic member of the crypto community who has a history of scams, evidence fabrication and has had his accounts banned several times (why he's changed his aliases so often). A great twitter to see more on Librehash, is ProofOfFraud on twitter, a twitter account created to expose Librehash.


Now this is flat out dishonest, and misleading. Abra's entire platform was it's interaction with traditional securities markets. You could "purchase" stock, ETFs and the like with crypto on Abra. That's what's gotten them into hot water with the SEC. To insinuate that their platform is anything the Datamine Network is absurd.

I appreciate the sentiment and its why I stay above name-calling and attacks on individuals.  Can you please cite where I was "hostile" and "troll-esque"?  I was there for 20 minutes.  I got banned almost immediately because I pointed out that the core mechanism of DAM (produce flux) and FLUX (produce more FLUX) is deflationary. 

My quote in the Discord conversation with you was "Burning flux to get more flux is a price deflationary mechanism - I can't see people with huge stacks of locked DAM buying FLUX just to burn it to lose money.  Without another use-case for FLUX the concept doesn't work.  The primary use case for FLUX should NOT be burning it to multiply your FLUX rewards, that should be a secondary use case."|


A broken clock can be right twice a day.  Would Hodl be willing to ask OpenZeppelin in their public support forum (https://forum.openzeppelin.com/c/support/contracts/18) for feedback on his implementation?  They wrote it.





CTFC went after Abra because they "accepted orders for and entered into thousands of digital asset and foreign currency-based contracts via a mobile phone application. These contracts, which constituted swaps under the CEA, enabled customers to enter into financial transactions, with the respondents acting as the counterparty, to gain exposure to price movements of over seventy-five digital assets. By entering into these contracts via their app, respondents violated Section 2(e) of the CEA, which makes it unlawful for any person, other than an eligible contract participant, to enter into a swap unless the swap is entered into on, or subject to the rules of, a board of trade designated as a contract market. Additionally, in soliciting and accepting orders for these contracts, the respondents illegally operated as an unregistered futures commission merchant. "(https://www.cftc.gov/PressRoom/PressReleases/8201-20 (https://www.cftc.gov/PressRoom/PressReleases/8201-20))

I understand your point is that Abra created synthetic derivatives and then allowed price exposure to them via an app and that DAM/FLUX are different and I will agree with you on that.  However, the CFTC entering the fray on on-chain swaps doesn't bode well for a project that touts itself as "Money 2.0".  You're clearly not identical - I wouldn't suggest you are (that would be dishonest); my concern was more directly related to the clearly-increasing regulatory oversight occurring within DeFi.  Jake Chervinsky summarizes this well on Twitter: https://twitter.com/jchervinsky/status/1282750679312891910?s=20  (https://twitter.com/jchervinsky/status/1282750679312891910?s=20)

To that extent, is Datamine even a registered company?

Anyway - as with all things in crypto buyer (and seller!) beware.  Hopefully your "Money 2.0" doesn't draw the ire of the US Secret Service, because it is increasingly clear that the United States only really cares that you're dealing with its citizens - not where you're operating out of.  https://www.theblockcrypto.com/post/71261/coinbase-is-selling-blockchain-analytics-software-to-the-us-secret-service (https://www.theblockcrypto.com/post/71261/coinbase-is-selling-blockchain-analytics-software-to-the-us-secret-service)

ok, guys ...newbie question here. I see the price of flux is around 5 dollars....in my dashboard says that I need 40 of them to take the 10x bonus..but a few days ago was 5.An explanation to as what causes that?

so. if i just pay 200 dollars and buy and burn the flux...is it gonna be permanent?? like always having the  10 x bonus?

Cheers

You have to burn 9x / your wallet balance proportionate to global burn rate / global supply.  Basically you’ve got to burn 9x the average weighted burn rate... and no, it’s not permanent.  You’ve got to stay above the 9x/weighted average to get the 10x return.

Good idea to destroy FLUX tokens from circulation to create a dynamic market equilibrium. It really can reduce global inflation and increase dividend rates. That is, the token is only a means to achieve the ultimate goal.

Follow-up/addendum:  I reached out to the Open Zeppelin team And they did not identify any specific deficiencies with the Datamine smart contract (https://forum.openzeppelin.com/t/question-on-smart-contract-inheriting-from-openzeppelin-erc777-implementation/3328/2).  This does not mean that there are no deficiencies, however, it means that whatever deficiencies exist (if any two) are not widely in publicly disclosed.  Despite my profound skepticism for this project, this news is good for them. Now they just need to solve the inflationary mechanism that is built into the project.  Kudos team - your code isn’t overtly fucked.

The team has an official reply on the so called "audit":

Thanks for checking, for reporting this and for being constructive. Its encouraging to see the efforts to be objective despite the existing bias. After all, we all should be interested in 'knowing the truth', not in 'being right'. Maybe at some stage you will become a supporter :)

The inflationary mechanism is there, however the mechanism for equilibrium is there too. Lets hope the team follows things and will make them right in case if anything moves not in a right direction. Being able to correct mistakes (if any) is as important (if not more important) as being able to avoid mistakes at planning stage. And we still don't know for sure if there is any mistake done.

depends on coinmarketcap data, this Defi Dapp tradeable on hoo and uniswap
https://coinmarketcap.com/currencies/flux/markets

Seems really nice? If you need Spanish translation, community management or other things related to Spain/Latinamerica contact me

the price is to DAM high!

get it :D

naw actually it's fucking holding up great thus far, keep it up.
flux doing well too (tho i don't touch that one)

There is now an unofficial Telegram group for Datamine where you can discuss and talk about DAM. Link https://t.me/dataminecrypto

Your wish has been answered.  Down 40% since your post.  FLUX is even circling the toilet.

You were all warned.

LOL you sound like Piston Honda on every other thread I see him on.

However, you surely must know that these small cryptos go up and down 40% all the time. Doesn't mean much.

DAM:ETH on 7/22 - .009
DAM:ETH on 8/1 - .003

Since 7/22 that's a 67% drop on an ETH basis.  Only reason USD is -40% is because ETH moved up. 

FLUX:ETH on 7/22 - .021
FLUX:ETH on 8/1 - .003

86% decline since 7/22.

Ouch.

Don't forget that FLUX started from zero, and DAM started below 0.01 in USD or equivalent. Oh, I'm sure you know about it having ran 2 masternodes on the old chain.

FLUX is down 99.7 from ATH (https://www.coingecko.com/en/coins/flux) and looks to have started at about $50.00

DAM started at 0 because 100% of it was created in a token generation event.

I know you’re in this deep and - reasonably - are biased toward the project.  Just like I was biased to the old chain because I was in it deep.  Take 3 steps back re-evaluate the project with fresh eyes.  Truly ask yourself what market utility it provides.  

Dig deep on the fundamental problems they’re trying to solve.  “create a dynamic market equilibrium using realtime on-chain supply and demand“ sounds good as words... I guess (??)... but don’t markets create equilibrium, not projects? Isn’t there already “a dynamic market equilibrium using realtime on-chain supply and demand” for BTC trading pairs?  ETH trading pairs?  USDT/USDC trading pairs?

If there’s no real underlying utility solution being delivered by this project it is on a trajectory to 0.  I tried to bring that up at the beginning of this month and got banned for it.  That should tell you something.  Everything I tried to warn you of is coming to pass, yet you’re still entrenched?  Evaluate your bias.

Lmao Potato. Let me chime in next time DAM pumps in price, and I'll use the price to prove my point like you are. Smh... resorting to price movements to validate your own misguided opinion. Tendies must be one of the best tokens in the world with that logic.

I’ll be waiting.  The real question is, will it pump higher than the current price AND sustain?

FLUX started at zero. There was no supply of FLUX before.
DAM technically started at zero too, but you understand the price BWK had, so no need to explain there.

No bias. I'm not "deep" into this project. We all started fairly and equally the same as everyone else here, including the dev team.

You were doing something else that got you banned, and I believe you were given the opportunity to rectify it by submitting an essay or explanation. You did not take up that offer. You can always go back and join the discord, no one is stopping you.

Evaluate your bias too.

I took the offer up.  Here.  I explained, in simple terms, how the economic model of FLUX was deflationary.  The market validated my argument.

I'm still banned.  It's apparent to me that the "decentralized" team managing the Datamine Discord isn't interested in fair dealing.

Speaking of that.  You never answered my question from three weeks ago.  Do you have moderator power within the Datamine Discord?

I got it, as well as a few others; we're labelled as "community assistants". Not sure how to unban you or anything like that. You can join under a new name if you want.

I don't see where your essay is, you can probably post it here as well. I don't remember the details but I remember something like a page or two. As for the market, it's been a month or two, so I'm not concerned about the price, it's too young to make any kind of meaningful technical analysis.

However the amount of FLUX burned indicates the demand for FLUX. There is almost 30% more FLUX burned than the current circulating supply. DAM has about 11 million locked in to the smart contract, or about 68% of total supply.

There is also an unofficial telegram channel, but some of us aren't there.

Here’s my essay

Not sure if that is 2 pages, but okay.

Currently, the circulating supply of FLUX is 33,584. The FLUX that has been burned so far, is almost double that at 61,545 or roughly 64% of minted FLUX is burned.

I don't know what else to add, but whoever that guy is with 1 million DAM is not going to be able to get a 10x burn bonus; he simply can not buy enough FLUX to get the maximum bonus. We really have to wait maybe another month to see some interesting numbers.

And even considering the astounding 64% burn rate, the price has fallen over 90% since my initial posts. That’s because there’s no reason to buy flux other than to burn flux to get more flux which is the entire point of my major criticism. There is no other use cases, therefore there is no inherent demand.


I think that, one month from now, the interesting numbers that you see will be lower than where they are now.  What will probably be interesting to you then is that you were warned, repeatedly, had about a month to sit on the information, did nothing, then were warned again, had another month, and still didn’t do anything. Maybe the interesting thing to come from that will be a lesson in market timing, personal biases, and capital preservation.

There aren't any other use cases right now for plenty of other coins or tokens, but there will be some for FLUX and/or DAM, just not yet announced. Even with the current use case, people are still burning more now. Another thousand FLUX have been burned since my last post.

Again, you are quoting both tokens from ATH within a month of launch, when both started either at zero or close to it. FLUX is still "infinity" and DAM might as well be 10x right now still. Since you like to look at the top, I like to look at the bottom too.


The numbers I was referring to are both the liquidity and quantity of FLUX in particular and maybe even some on DAM. Since DAM will not go above 16.8 million anymore, we have a reference point. FLUX will of course, increase. The interesting number you might be inferring is the price which is not my concern at the moment. It may be higher, or it may be lower than where they are now.

As for market timing, my belief is time in the market, not timing the market.

Other than that, I have no other personal bias and my capital is "preserved". I personally bought them close to $17 and quickly wrote it off. So a few years down the road up to today, you could consider me "down", but I still think I'm "up".

I didn't do nothing. You're supposed to lock up DAM anyway. I'm also contributing to the liquidity in the uniswap pools, so I'm also "up" where that is concerned. I tend to spread my holdings over the whole ecosystem.

Yours, well, you don't have any, unless you bought some, and we can probably agree you wrote off your BWK since you refused to swap them. That right there, either due to inaction or the intention of not doing the swap, is loss of capital.

A month from now, two months, the end of the quarter and the end of the year will have interesting numbers too. The contracts are immutable. All that's left is for the community to come up with "stuff", whatever those may be.

actually i don't really know much about this, but if the price drops by 40% maybe a lot of people don't believe in this project, I read a little bit about the concept where I can mine and have to have money to buy some tokens and lock the tokens to mine, there are lots of concepts out there, as usual it ends badly, early adopters usually get more profit

Oh look at DAM and FLUX's price! Wow! DAM up nearly 200% since this post and FLUX over 100%! Let me use this price movement to invalidate any claims you have against it! Hahahaha.


Seriously though. Resorting to price actions as a means to validate/invalidate one's arguments is redundant and unconvincing. Doubly so when it's a low liquidity token like FLUX and DAM. Move on with your life Mr. Potato Head, and wallow in another missed opportunity.  :) Cheers!

I don't normally roast potatoes. You deep fry them in oil for a few minutes. After you've cut them into strips and taken out the skin or peelings. Some keep them on.

The potato is a root vegetable native to the Americas, a starchy tuber, and the plant itself is a perennial in the nightshade family. Potatoes were domesticated approximately 7,000 to 10,000 years ago. Following millennia of selective breeding, there are now over 5,000 different types of potatoes.

Alpha launched already. These are private invites, so far about 25-30 people are testing it. Beta will be soon after, no dates yet but most likely in another month or two. Beta will be public and open for everyone.

Updated roadmap coming by the end of the week.

Currently FLUX = $2.32. It was as high as $5 a few days ago. Still need time to stabilize.

Monthly report of what have been done in "dev-updates". To be clear, this is copy/paste from #dev-updates on https://discord.me/dataminenetwork

14.07.2020
Now that the domain updates are out of the way, I've had some time to go back to the analytics. We've added ability to show all the delegated minters (or self minters) for any address.
So now you can see who is minting for a specific address, how much was locked it and how long this minter is active for (we'll have hour estimates in a future update).
Don't forget that this is all done in realtime so you'll be able to see these minters drop/add as it happens.
Tomorrow I'll start on the running balance of FLUX on per-address basis so you can get a REALTIME LEDGER for any address and see exactly how it got that FLUX balance at any time.
15.07.2020
We've had a very strange personal attack from a beginner security auditor regarding a well-known ERC-20 approval exploit. This person chose to completely disregard our existing section on this form of attack within our Whitepaper.
Instead they chose to make it public so we've had to make a response on the audit (which is now part of the whitepaper):
https://github.com/Datamine-Crypto/white-paper/blob/master/docs/audits/librehash.md
Give this audit a read and see why your funds are safe
16.07.2020
I've made substantial progress in the per-address realtime ledger for our upcoming Datamine DeFi Network Pro analytics. This means you'll soon be able to get a clear understanding into each address FLUX balances and understand exactly what is happening.
Will be able to have a screenshot of the frontend tomorrow, right now This ledger only records Mints and Burns but we'll also track movements and erc-20 movements as part of the ledger so you can get a complete history of per-address movements in realtime.
17.07.2020
Today I want to showcase our new Realtime Running Balance widget. Why look at plain old and boring transactional Ethereum data trying to figure out what is happening in your wallet when you can have Datamine-powered realtime analytics.
We call this process "Realtime Data Enrichment". Let's compare the most popular Ethereum explorer (etherscan) vs our realtime multi-smart contract analytics platform.
In the screenshot below you can see our early progress of converting confusing transaction data into human-readable realtime ledger. This is still work in progress but you can see how we will revolutionize DeFi analytics as our data network is unlike anything else in the world.
We'll be sending out Alpha invites in just two weeks so be sure to stick around Discord as we want you guys to experience the Datamine DeFi Network Pro for yourself.
19.07.2020
We've done some more cleanup on the realtime ledger and fixed up a bunch of UI data points. The ledger now has some additional events (such as Received) but we'll also add additional events (such as "Sold on Uniswap (DAM/FLUX)") when we add Uniswap integration.
Tomorrow I'll be jumping on license management for Alpha (each user invited to alpha gets 2 "buddy" links). These invitation links are integral part of the upcoming FLUX use case in our analytics. We'll share more info on how we plan to use FLUX in the network after Alpha is released.

It's time to talk about how we plan to utilize FLUX in Datamine DeFi Network Pro.
First of all we must understand exactly what we're trying to achieve:
- Grant access to core customer base: Users that are utilizing Datamine ecosystem need to be able to access the network free of charge.
- Limit "bad actors" and limit server resource utilization
- Connect core customer base together in realtime.
- Remove any form of registration & provide some form of privacy
Here is how FLUX is to be used in our Analytics platform:
- You MUST have burned any amount of FLUX on the selected address before gaining access
- You are placed in a priority ordered queue, where those that burned the most FLUX get to "skip the line" and are able to login to Network before others.
- You can get "knocked down" the line if someone burned more than you comes online.
- If the server is full you will be placed in priority queue.
- You get 2 buddy passes. These buddy passes have THE SAME priority as your main address
In conclusion:
- If you burn a lot of FLUX you are guaranteed free, no-queue entry to DeFi Network at any time of the day.
- YOU MUST burn FLUX to gain access. In beginning this will be as low as $0.01 to gain access and grow from there as server demand grows.
- We will increase FLUX burn queue as server resources allow. This means we can have a larger network in the future.
Alpha is coming out NEXT WEEK so be sure to check Discord for Alpha invitations.
23.07.2020
We are now testing our first version of the MIT-Licensed Fully trustless Realtime Decentralized Dashboard for Datamine (DAM) & FLUX Ecosystem.
This realtime analytics dashboard builds feature:
- FULL PRIVACY MODE: For privacy and decentralization reasons everything is self-contained in this repository.
- No Installation & Version History: Pick and download any previous build of the dashboard.
- Minified: The entire dashboard will take up less than 3 MB in uncompressed form.
- Works in any folder structure. Drop this into a subfolder or a subdomain, all paths are relative.
It is now hosted on Github Pages:
https://datamine-crypto.github.io/realtime-decentralized-dashboard/
Alternatively you can access the Github of all future builds:
https://github.com/Datamine-Crypto/realtime-decentralized-dashboard
If there are no issues found we will permanently redirect datamine.network to this decentralized dashboard completing another major step towards a truly decentralized DAM/FLUX Ecosystem
24.07.2020
New build 264 of our Realtime Decentralized Dashboard is now available:
https://datamine-crypto.github.io/realtime-decentralized-dashboard/
- Updated navigation for those of you with multiple delegated minters, changing dashboard url will now properly change the currently selected address WITHOUT refreshing the page
- Dashboard-specific links will now open up in new page
- Updated core navigation/titles and some page hashes to ensure navigation remains on a single page without refreshes
If there are no issues found, we'll be redirecting domains to this new decentralized dashboard (hosted on Github).
25.07.2020
Just a small sneak peek preview at an update coming to the dashboard. Realtime FLUX Known Money Supply
We can break down the known FLUX supply into an easy to understand flow of funds. This will be available on the decentralized dashboard tomorrow.

The new Realtime FLUX Known Money Supply is now available on our decentralized dashboard:
https://datamine-crypto.github.io/realtime-decentralized-dashboard/
Let me know if you find any issues, planning on redirecting domains to decentralized dashboard today.
26.07.2020
Both https://damcrypto.com/ and https://datamine.network/ will now point to:
Our decentralized dashboard hosted on GitHub:
https://datamine-crypto.github.io/realtime-decentralized-dashboard/
Please note your old dashboard-specific urls will take you to the homepage of the new decentralized dashboard. This is done to ensure there is no central point of failure.
Please update your links to use the new dashboard (as old links will always take you to the homepage). And just like that another piece of Datamine Network is decentralized.
27.07.2020
Wanted to give you a quick update on how you will connect to our Datemine DeFi Pro Analytics.
There will be a new built-in button on all decentralized dashboard builds. By clicking this button you will be prompted to sign a custom message with your address. This does not cost anything but allows the analytics server to verify that you have access to the address that is signing the message.
Once you sign the message you will get unique access links to the dashboard. These links are unique and every time you use them you will kick anyone else out using the same link. (In a future update you will be able to re-generate these links by signing another message).
By using this approach with the burn queue we're able to eliminate registration but also connect core use base together. Don't forget YOU MUST burn FLUX to access the new analytics. The more FLUX that is burned for your address the higher your access priority is to the server.
We'll have more updates as the Alpha is coming in just 5 days.
28.07.2020
Fixed some data syncing, check out this updated FLUX mint chart. We'll have more data points after the Alpha launches this week.
Also the biggest mint so far was 5200 FLUX (~20 days of not minting). Talk about delayed gratification

New build 268 of decentralized dashboard is up
https://datamine-crypto.github.io/realtime-decentralized-dashboard/
Fixes:
- Uniswap trade links will now go to eth pairs (instead of WETH)
- Fixed some image links
- Updated packages
29.07.2020
New build 269 of decentralized dashboard is up
https://datamine-crypto.github.io/realtime-decentralized-dashboard/
- Fixed more image paths
- Fixed Metmask add icons
- Fixed 3x time bonus timer
- Added new "old version" splash if you are somehow caching old index.html version. The button on this screen will reload the current page with current timestamp to avoid cache.

eth_signTypedData or EIP-712 is not supported by Ledger Nano S so in beginning you won't be able to generate Alpha links from these hardware addresses:
https://www.reddit.com/r/ledgerwallet/comments/hn7c6p/ledger_support_for_eth_eip712_signtypeddata/
This is going to be my #1 priority tomorrow to find a work-around as we are few days from Alpha launch. Most likely solution will be as follows: Your delegated minter can sign and is counted as the same signature as locked-in DAM address.
Will have to investigate tomorrow but I've been able to get signing to work with Metamask with other addresses just fine. In the future we'll expand the alpha functionality to also consider "burn received amount" as qualification (not just burned amount). So if you are either burning OR someone burned to your address, you will be able to generate alpha links
IF INVITED: The number of links you get is dependent on your burn amount. Alpha dashboard links will function as follows (this will change in the future), the invitation links work as follows:
- Burn or have received burn of ANY FLUX amount: 1 alpha link
- Burn or have received burn of 10 FLUX(~$20) : 2 alpha links (You technically have 2 available spots in the burn queue at beta)
- Burn or have received burn of 20 FLUX (~$40) : 3 alpha links (You technically have 3 available spots in the burn queue at beta)
- Burn or have received burn of 100 FLUX (~$200) : 5 alpha links (You technically have 5 available spots in the burn queue at beta)
- Burn or have received burn of 1000 FLUX (~$2000) : 10 alpha links (You technically have 10 available spots in the burn queue at beta)
1. ETH Automatic syncing is disabled. We'll be running syncs manually to catch up to latest block
2. Alpha is INVITE ONLY, Only MVBs and Community Assistants are invited at the start. These are still very early stages of the network and this is our first network test. We'll send out more invites as the need arises.
30.07.2020
Datamine DeFi Network Pro Alpha IS NOW LIVE ON PRODUCTION SERVER
Before we can send out invites we need to finalize the following outstanding tasks:
- Finalize off-chain sign on link generation
- Enable SSL
- Run through a security checklist
For Alpha and Beta everything runs off a single server. The idea behind this is that even though the network is made up of multiple Docker containers we want to see what kind of punishment a single VPS can handle.
So far the Alpha is blazing fast and our custom network communication is fast and efficient. Can't wait for you guys to check it out after these last set of remaining tasks.
I know you guys all want to check it out but we need to get these last of work items done. Our network is unlike any other website in the world and the speed of the UX will amaze you.
31.07.2020
SSL Configurations are complete.
This means your connection to the Datamine Network will be performed in a secure manner.
We've had to add ensure the SSL certificates work for our central reservation server. This server is responsible for issuing connections to the network. It also creates unique data points for each user that connects.
Another SSL secured server is our "nchan server". This server is responsible for all realtime communication between the network and your browser.
This means every user that connects to the website can essentially communicate with any other user on the network in realtime. We have not created any "P2P" widgets yet but it's something that's on to-do list.
Next order of business is to finalize the on-chain sign on link generation. This requires some new data points (as we have to consider delegate burn FLUX amount).
Alpha invitations are coming before Tuesday, we're just finalizing the initial version of FLUX burn queue mechanism
1.08.2020
Apparently SSL configuration was not completed yesterday. Today I noticed that our Event streams are dropped after ~100 seconds of idle time.
As our analytics are done in realtime these 100 second timeouts were not going to fly. I did a lot of digging round with nchan and nginx configurations trying out various timeouts and configurations.
Turns out the problem was with cloudflare DNS routing for SSL. We were using Cloudflare DNS proxy which made requests HTTP 2.0 and since they are routed through Cloudflare they terminated the streams after this idle time.
Had to get a new certificate and turn off Cloudflare DNS routing but now the connection to the server is persistent. Another advantage of this is that traffic is not routed through cloudflare anymore on pro analytics for another layer of security.
I'll take this extra long weekend time to do some polish before Alpha invites. We're looking really good now, hope to see you guys on alpha soon!
2.08.2020
Rewrote the reservation server today. Now each unique link is limited to 1 connection to the server. Additionally when you disconnect you are properly removed from reservation server.
Currently the second connection made to the same dashboard link will display an error saying you are already connected. In the future this will disconnect the other session. Think of this like the Tradingview limits on concurrent connections.
Tomorrow I will work on the login server where you will be able to paste in your invite link. For this initial wave of invites it is likely they will be special one-time codes until the burn queue is ready before Beta.
Currently targeting Monday for the release, The goal of this first set of invites is to make sure the network supports multiple users, you will get 3 login codes each and this will not be tied to the burn queue yet as we're testing network stability first.
3.08.2020
Been a super busy day with the analytics network. Here are some changes from Today:
- Split out logger/connection from rendering root object. This will be needed for new login screen as there is a lack of proper connection state managment
- Started work on reservation by "Datamine Pro Key"
- Added "Users In Memory" on stats page that will help monitor resource usage
- Fixed memory leak on context destruction
- Added new global widget disconnect event and now disconnecting will drain dispatch queue. This allows us to do async destructors on per-context
- Fixed realtime events for shared widgets (This will be an example of our realtime events across multiplie users)
- Improved how realtime stats are streamed no longer relying on api/rest context
- Split out shared widgets registration into a separate file and fixed order of event subscriptions
Current big ticket items for tomorrow:
- Fix removing shared widget subscriptions  (memory leak)
- Login screen

Etherscan added social & icon for FLUX. Now both DAM & FLUX tokens have proper links & icons.
We're almost at 21,000 transactions for FLUX so we've spent more in transaction fees alone than the current FLUX market cap
4.08.2020
Another busy day with Datamine Pro Analytics. I finished the last two remaining tasks but there are some last minute changes that I would like to squeeze in this week.
We need to add basic rate limiting before Alpha. Originally this was scheduled for Beta but after a frontend rewrite today we have a pretty good way to add this. This will ensure Alpha users don't abuse the server.
There are also some reservation server improvements I would like to add. Particularly recycling unused connections.
We also need to update how page routing works. Right now we're using HTML5 url fragments but this needs to be converted to hashes (as the centralized dashboard is also host on github).
Once these core additions are complete I will do another round of checks to see what else is remaining for launch.
5.08.2020
This extra week of Alpha polish is really epic. I've finished up the frontend state management updates and will jump to rate limiting tomorrow.
These new frontend updates and Datamine Pro key entry allow me to spin up multiple network connections and are great for testing purposes.
I think the extra time that we spent with the shared widgets is totally worth it. They're really a staple of how powerful the network is. For example in this screenshot we have two unique network connections.
Notice how the active widgets is still 1 even though there are two of the same shared widget. On top of this each shared widget can choose who to send messages to.
Things are coming along nicely, can't wait to show you guys!
6.08.2020
Was going to work on the rate limiting but decided to finish up the reservation updates I mentioned before.
Now the reservation server will properly recycle unused connections which means I can sleep better at night knowing the server won't go down due to a bottleneck.
Another security feature I added is privateKey generates a unique user id instead of it being same as privateKey. This means that even if you have the Datamine Pro Key you can't guess what nchan id that user is connected to.
Additionally the alpha keys have been generated and proper alpha key checks are in place now.
Now there is just two items remaining on my list before launch:
- Rate limiting
- URL updates to hashes.
10.08.2020
Yesterday we've put up our build of the new Alpha analytics and sent out over 25 invite keys. There is a new build out today with the following features:
- Reworked connection management. Now if you use the same Datamine Pro Key, the other window that was connected gets kicked out. This was the main major issue that happened to two users yesterday so I wanted to make sure that it was addresses as this was an oustanding item. This new connection management works a lot like Tradingview.
- Alpha key is remembered now after login. This will make it easier to test out new features without re-entering the key each time.
- New Docker optimizations to ensure higher uptime and better update rollouts in the future requiring a simple docker restart.
We'll be adding a ton of new features this week and hopefully testing Realtime Ethereum block updates later this week as it's a core feature! Lots to come this week so be sure to stay tuned
11.08.2020
Today I've been able to add block syncing to our analytics platform. This means we can now assign dates to all actions instead of block numbers. This makes our running ledger even more powerful as well as being able to get a better idea of lock-in durations.
This adds a bit of overhead to syncing speed but I am hoping there will be better sources of Ethereum log data in the future.
Additionally cache is automatically purged when there is new data to sync. This means we can utilize cache until a new block comes in so data is always fresh. There will be additional improvements to cache in the future.
Current estimate for Alpha is 2 months which will take us into public BETA. By this time we should have all the data points we want, realtime syncing and FLUX burn queue.
Updated roadmap is coming later this week to reflect this upcoming Beta release.
12.08.2020
Another analytics update is live! You now get "instant search" navigation so you can finally paste in any address you want to go to.
Tomorrow the plan is to make a couple of updates to our decentralized dashboard. Specifically I want to add automatic retry mechanism for the "Ethereum latency" error that pops up, fix a couple of display bugs and update the roadmap.
So be sure to check that update out in coming days for improved UX.
13.08.2020
A couple of updates Today:
- New Build 299 of Datamine Realtime Decentralized Dashboard is now live and available on:
https://github.com/Datamine-Crypto/realtime-decentralized-dashboard
- Added silent smart retry mechanism for fetching Ethereum blockchain data. This will mean ~95% less "Ethereum Latency Warnings"
- Updated roadmap to include public Beta
- Improved Alpha Analytics server stability
- Fixed time remaining until 3x Time Bonus label
Update is already live so I hope you enjoy the greatly improved UX without as many latency errors and even faster realtime data updates.
14.08.2020
Another build New Build 303 of Datamine Realtime Decentralized Dashboard is now live and available on:
https://github.com/Datamine-Crypto/realtime-decentralized-dashboard
This new build features the long awaited update to the calculator section. Now you can use our realtime FLUX forecasting tool Without Locking-in Datamine (DAM) tokens.
This comes with fair prefilled values of 3x time bonus, 1000 DAM-lock in (~$200 USD) and 3x time bonus for locking-in ~28 days.
This together with the updates from yesterday now provide a cleaner UX especially for new users that are onboarding.
This weekend we'll have some new analytics data views so be sure to stay tuned for updates.

I joined the datamine ecosystem 15 days ago, lately we rarely come across such a hardworking and productive developer. something like mining with a "datamine" video card as he said in his previous friends. Those who come for pump & dump are screaming in frustration. the project is still on the way, although there are irresponsible whales, I am hopeful about the future.

You got me!  Only a 70% decline vs an 85%.  Sorry I was so wrong.  You win the bag holder prize!!!

Hello there!
looks like l ve missed swap date,is there still a chance to convert my BWK? if so how?
Best Regards

Datamine is added on DeFi page on CoinMarketCap.com
https://coinmarketcap.com/defi/

New exchange is added for Datamine, STEX exchange.
https://twitter.com/StexExchangeR/status/1295704610972274689

No, sorry.

How'd you get CMC to exclude your data from before July 20?

You must be looking at a 30 day view or something. I can see data as early as July 4, but that's not accurate as the token was still in failsafe mode.

You're right, I was looking at FLUX

Well, everyone may really waiting for this, I think the sooner the updated roadmap displays then the more better, I hope that something will make people even more curious in the new roadmap. Hopefully DAM team is discussing it at the moment. ;D

will the analytics platform be available before the vitality in the market ends?

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. 

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.

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.

I think we can congratulate the Datamine community as Datamine (DAM) have successfully passed professional audit by the SlowMist team :) :)

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://bitcointalk.org/index.php?topic=5288443.0

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 coo@bnix.info e-mail.

Managing director
GN BetConix ST s.r.o.
Andrew Plath.
coo@bnix.info
https://www.bnix.info (https://www.bnix.info)
https://betconix.com (https://betconix.com)

Announcement: 24 Hours Left until our Datamine (DAM) Snapshot

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.

As of this post,

it has own chain or on eth chain

It's an Ethereum token


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

https://bitcointalk.org/index.php?topic=5246889.msg54763535#msg54763535

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.

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 (https://damalytics.web.app)

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.

A little bit strange as on the website I don't see any updates in project road map, it is still december 2020 there ???

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


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

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

There were two swaps to different tokens last year; one to DAM (Datamine Network) and one to BAST (Bastion Exchange). If you failed to join either of the swaps, you still have your BWK, however there does not seem to be any network for it anymore, no more other nodes online, and it's been delisted from all exchanges as far as we know.

At the time of the swaps, the BWK chain had many problems, was priced close to or below 1 cent each and if you were not paying attention for several months considering it is an altcoin and not one of the major (top 10 or top 20) coins, then either effectively did not value or it, or maybe you can write it off as a loss.

BAST is not doing too well (maybe it died, not sure), and DAM is probably undervalued currently hovering around 8 cents. It is quite volatile jumping from 8 cents to 20 cents often due to more than 74% of circulating supply being locked up to mint FLUX. 12m DAM locked up out of 16.8m total supply.

If you had 50k BWK at the time of the swap, it was probably worth $25 USD if you could even manage to sell it on any exchange. Cryptopia died much earlier, Crypto-Bridge "effectively died" when they went KYC and it was left on 3 other exchanges, all of which no longer also list DAM anymore.

Your best bet is to get some on UniSwap, then join us on discord and read #get-started. See OP for official links. More than $1.12m USD worth of FLUX has been burned already. More than 900k DAM is available on UniSwap.

check out the new dashboard core metrics:

- $FLUX Market Cap (based on Uniswap $USDC / $ETH real-time pairing)
- Flux Remaining Supply (365k left, 676k destroyed valued @$1,100,000.00)
- Unique $DAM locked-in addresses

source https://twitter.com/dataminenetwork/status/1373060289604808706

I see the website is so professional. I've always been interested in DeFi. And datamine looks good for all DeFi in a way.

But, speaking of the community that not all of them like ethereum because of the transaction fee. Does Datamine have plans to become a multi chain?

You can see them now, look at their website now they are in Open Beta V3, and will continue this month for the next version. Let's take a look at the surprise of v4 from DataMine.

The market is pretty good lately, some say it's approaching alt coin season, buying some FLUX seems pretty good for the future. However, Uniswap costs are still a little more expensive today, is there a FLUX market that is already registered with CEX? it would be a little helpful about the cost of gas

FLUX is currently in the DeFi ecosystem, well it's a bit like a ponzi, but DeFi allocates rewards from the supplies they have, and they'll also routinely burn, I guess it's not the same as ponzi.

Just look at it like how every DeFi platform is working. Yield farming is the most common feature. But if you think about it, where will they get the value of those tokens farmed? There should be some use case, right? Because without use case backing the DeFi platform, they can easily be abandoned. So you need to look for valid use case in order for you to have peace of mind that your money is earning passive income.

What is the contract address for the token?

DAM smart contract: https://etherscan.io/token/0xF80D589b3Dbe130c270a69F1a69D050f268786Df
FLUX smart contract: https://etherscan.io/address/0x469eda64aed3a3ad6f868c44564291aa415cb1d9

Excited to see this project still thriving. After 1.5 years, $1,400,000 $FLUX has been burned. And now:

1. The ArbiFLUX decentralized dashboard is now live!
Decentralized Minting on Ethereum — Utilizing Arbitrum L2 Rollups Scaling Solution
https://dataminenetwork.medium.com/introducing-datamine-arbiflux-ca04f8912f5f

2. https://datamine-crypto.github.io/datamine-pro-portal/#/trends
Trends AUTOMATICALLY finds unbroken trends for 15 different #cryptocurrencies

Big spike in trading volume yesterday: $400k for FLUX…

Interval price action:

$DAM has increased to $0.2613
$FLUX (L1) has increased to $1.1734
$FLUX (L2) has increased to $1.1096
FLUX reaches $1mm cap. Still testing price discovery waters… happy trading and congrats to those who are up almost 100%.

This is the only DeFi with decentralized, market-controlled inflation. And had the foresight to do this back in 2020 at launch. There's a lot in the pipeline currently, join the Discord server for all info.

Usually I get a DeFi project but the development time is so short that it just goes away. What the DeFi community loves the most is when the DeFi projects they participate in are sustainable. although datamine is less popular among DeFi but this is an opportunity for those who want to enter early before this project explodes until it is known to many people, surely the price will be very high, Datamine is still active this year, proving that this project has been able to survive in the market weather.

This is DeFi's first inflation-resistant currency built on Ethereum. Market equilibrium is established using a variation of Proof-of-Burn algorithm. When people will catch on it'll be > 100 mm cap.

Inflation keeps rising. https://imgur.com/a/Eoap9sk

Datamine is the sleeping giant, ask ChatGPT why: https://chat.openai.com/g/g-WdK2nNwGZ-datamine-network