DATAMINE COMMUNITY

Shaping the Future of Decentralized Finance

Datamine Community is a community-driven initiative dedicated to supporting Datamine Network through education, content creation, and fostering ecosystem growth.

Lock. Mint. Burn. Repeat.

Become a Validator

ABOUT DATAMINE NETWORK

Datamine Network revolutionizes cryptocurrency with its decentralized, deflationary, and yield-bearing system, delivering stability, value preservation, and consistent rewards for participants.

Decentralized

Fully decentralized, the Datamine Network is rug-proof. The Datamine Network leverages a dynamic, decentralized system to manage token supply, ensuring stability and removing reliance on centralized control.

View our Validator Analytics

Deflationarry

Datamine's innovative tokenomics balance supply and demand through market-controlled burning and minting mechanisms, creating a self-correcting system that preserves value.

View our Deflationary Analytics

Passive-Yield

Participants can earn consistent rewards through network validation, unlocking sustainable yield opportunities within the ecosystem.

View the Base APY

The Tokens

ETHEREUM

$DAM

The foundation of Datamine Network, with a capped supply of 16,876,779. DAM anchors the system and is locked on Layer 1 (Ethereum) to mint FLUX, driving participation and value stability

LOCK $DAM

$FLUX

The Layer 1 utility token, minted when DAM is locked. It’s used for rewards and transactions and can be burned by validators to boost minting rewards and reduce its supply

BURN $FLUX

ARBITRUM

$FLUX

FLUX, bridged to Arbitrum, is the scaling solution for the Datamine Network. Lock FLUX to generate our efficiency token,  ArbiFLUX.

LOCK $FLUX

$ARBIFLUX

The Layer 2 efficiency token, operating on Arbitrum. Created by locking FLUX, ArbiFLUX offers lower costs and faster transactions. Validators can burn ArbiFLUX to boost minting rewards on Layer 2, or lock ArbiFLUX to create LOCK

LOCK $ARBIFLUX

$LOCK

The stability and liquidity token, which enhances stability by contributing to a permanent liquidity pool. It is minted by locking ArbiFLUX and can be burned, redirecting value to the liquidity pool, ensuring long-term stability

BURN $LOCK

Community Achievements

DAM | Slowmist Secuirty Audit
In October 2020, the Datamine Network community successfully raised funds to conduct a comprehensive security audit of their DAM token, carried out by the esteemed SlowMist security team. The audit thoroughly reviewed the DAM token contract and confirmed its safety and reliability, awarding it a "Passed" certification. Key highlights included the absence of vulnerabilities such as overflow and race conditions, as well as the implementation of OpenZeppelin's SafeMath module, a recommended approach for robust security. This milestone demonstrated the Datamine Network community's dedication to ensuring trust and transparency within the ecosystem, bolstering confidence in the DAM token and its future applications.
View the Audit
FLUX | Slowmist Security Audit
In October 2020, the Datamine Network community funded a successful security audit for the FLUX token by SlowMist, earning a "Passed" certification. The audit confirmed the contract’s security, highlighting token burning, secure minting with DAM token locking, and resistance to overflow, race conditions, and re-entrancy attacks. This achievement underscored the community’s dedication to building a secure and reliable ecosystem.
View the Audit
Economic Whitepaper
In August 2022, the Datamine Community released its Economic Whitepaper, introducing a dual-token system to tackle cryptocurrency volatility. Using $DAM as a capped-supply token and $FLUX as a low-volatility utility token, the system leverages a Proof-of-Burn mechanism to balance supply and incentivize stability. The paper outlines innovative economic incentives, liquidity pools, and forecasting tools, showcasing Datamine's commitment to creating a sustainable and decentralized financial ecosystem.
View the Whitepaper
Decentralized Liquidity
The Datamine Community reached a significant milestone by generating over $100,000 in liquidity across its four tokens. This achievement demonstrates the strength of its decentralized ecosystem, with liquidity pools enabling seamless trading and rewarding contributors. It highlights the community’s dedication to fostering a sustainable and thriving network.
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