Datamine Network Update: Txbit Delisting and On-Chain Metrics
💡 AI Article Summary
Txbit.io has announced the delisting of DAM and FLUX tokens, driven by low trading volume resulting from mandatory KYC requirements. All users holding assets on the platform must withdraw their DAM and FLUX tokens before January 12, 2021, to avoid potential loss of funds.
Transition to Decentralized Liquidity
This transition highlights the core design of the Datamine Network, which prioritizes decentralized liquidity pools over centralized exchanges. The ecosystem is natively optimized for automated market makers (AMMs) like Uniswap and Balancer, ensuring long-term resilience and open access without relying on centralized intermediaries.
Key On-Chain Metrics
Six months after the successful swap of Bulwark and Enco coins to Datamine (DAM) tokens, the network demonstrates strong on-chain indicators:
- High Locking Rate: Approximately 76.5% of the total circulating DAM supply is currently locked in the smart contract to mint FLUX.
- Uniswap Pool Distribution: Reflecting this locking mechanism, Uniswap holds 48.22% of the FLUX token supply and only 1.73% of the DAM token supply.
This distribution aligns with the network's decentralized architecture, where token utility and generation are driven directly on-chain through secure smart contracts.
Hello everyone,
It's now been over 6 months since we've swapped over Bulwark & Enco coins to Datamine (DAM) tokens. Since then Uniswap now has 48.22% of all FLUX tokens and just 1.73% of DAM tokens due to the fact that 76.5% of all DAM tokens are now locked-in to mint FLUX. 🔥
Txbit.io exchange has helped us greatly during the swap process. Unfortunately we don't have much volume on their exchange due to mandatory KYC so they are delisting some coins including FLUX & DAM.
⚠️ PLEASE WITHDRAW DAM & FLUX Tokens FROM TXBIT.IO Exchange Before 12th of January 2021
Datamine Ecosystem was built for the future around liquidity pools like Uniswap and Balancer. For a complete list of DAM / FLUX exchanges check out . And if you haven't been around for a while be sure to check out and
For more information regarding txbit.io delistings check out their announcement: https://txbit.medium.com/delisting-announcement-db7fbd8757a5
Frequently Asked Questions
Why is Txbit.io delisting DAM and FLUX?
Txbit.io is delisting both tokens due to low trading volume on their platform, which resulted from the exchange's mandatory KYC requirements.
What is the deadline to withdraw tokens from Txbit.io?
You must safely withdraw all DAM and FLUX tokens from Txbit.io before January 12, 2021.
Why is such a large percentage of DAM locked up?
Approximately 76.5% of all DAM tokens are locked-in to mint FLUX, which is the foundational incentive mechanism of the Datamine decentralized monetary system.
Where can I trade or provide liquidity for DAM and FLUX?
The Datamine ecosystem is designed for decentralized finance (DeFi) platforms. You can trade and provide liquidity on decentralized platforms like Uniswap and Balancer.
· hodlforjesus · #announcements