/biz/ - Business & Finance

>$1,300,000 market cap
>defi tag on cmc
literally what more do you faggots need?

If you know, you know..

https://www.coingecko.com/en/coins/datamine

If you don't know already...DYOR...

Datamine.network

Over 70% of total supply locked ;) Be ready for lift off.


This WILL be HUGE in DeFi


They are fully decentralized in afew days the 31st I believe with HUGE things happening.

Don't be LATE again. DeFi under 1m market cap. Very confident on this one. Good entry point.

Datamine is a DeFi app that uses two tokens to create a Decentralized Savings Account. / DAM tokens and FLUX tokens.
You earn dividends every 15 seconds in the form of FLUX tokens for a % of locked-in DAM tokens.
You can interact with your savings account using the Datamine Dashboard and remove your tokens at any time.
There are some features users can play with to multiply their earning % like burning FLUX tokens from circulation to reduce inflation.
Tokenomics:

16.876.778 Fixed supply distributed from a previous 2 year old project.

60.46% (10.203.113) of the supply is locked into saving accounts. Not much tokens circulating as everyone has their tokens deposited.

under 1 million mcap.

https://app.uniswap.org/#/swap/0xf80d589b3dbe130c270a69f1a69d050f268786df

Not telling you to buy or get involved. Just if you're having your NEET coffee and have 5 minutes spare, give it a look over.

Seriously. Just pop in and have a look. Then make your own decision. This is going to fucking FLY.

>>19949653
Pic related is a way better defi project which will give way bigger returns.
https://github.com/Datamine-Crypto/white-paper/blob/master/docs/datamine-smart-contracts.md

If you know, you know you know.

Afaik I understand, you need to lock in DAM in order to mint FLUX. Currently under fail safe, so you're only able to lock in 100 DAM per wallet atm.

So then when you mint flux (there are minting bonuses based on how long you've locked DAM in for and how much FLUX you've burned), you can either burn this further to increase your minted FLUX, or you can trade them (when it goes live)?

So the financial incentives for buying DAM are that its fixed, and you need it in order to mint FLUX, which is either burnt to increase futhter flux generation, or sold? So FLUX is the passive reward then right?

And FLUX will integrated into the Datamine DeFi network "to serve as the token for recurring monthly subscriptions that will provide users with access to realtime ETH smart contract analytics."

I get most of it, just a bit unclear re benefit of FLUXs current usecase and potential future usecases. If any big brains could explain this to me I would be very grateful.

If you know, you know.