Datamine Launches 3000 USDC ArbiFLUX Burning Campaign
💡 AI Article Summary
Datamine Network has updated the rules for its upcoming 3,000 USDC incentive campaign on Arbitrum Layer 2. Designed to showcase the ecosystem's deflationary mechanisms, this initiative rewards users who actively participate in minting and burning ArbiFLUX tokens.
Participation Requirements
To qualify for the rewards, participants must complete the following steps starting November 18, 2021:
- Lock FLUX: Secure a minimum of 100 L2 FLUX to initiate the minting process.
- Maintain the Mint: Keep your validator active until at least December 18, 2021.
- Mint ArbiFLUX: Execute at least one ArbiFLUX minting transaction.
- Burn ArbiFLUX: Perform at least one ArbiFLUX burn transaction.
Reward Allocation and On-Chain Verification
At the conclusion of the 30-day period, the top five addresses that have burned the highest volume of ArbiFLUX will share the 3,000 USDC prize pool. The allocation is structured as follows:
- 1st Place: 1,000 USDC
- 2nd Place: 800 USDC
- 3rd Place: 600 USDC
- 4th Place: 400 USDC
- 5th Place: 200 USDC
All statistics are fully transparent and auditable on-chain. Standings will be determined by visiting the "Mint Analytics" dashboard, navigating to the "Global Mints" section, and sorting the participating addresses in descending order by the total amount burned.
This campaign highlights the decentralized "proof-of-burn" mechanics of the Datamine ecosystem, where burning tokens serves as an on-chain mechanism to drive systemic stability and long-term value.
Hi
We decided to amend rules for a $3,000 USDC AirDrop to make it cleaner and more transparent as everything would be possible to be verified by looking at our analytics
Participation Rules: (Entry begins on November 18, 2021)
Must lock at least 100 L2 FLUX to start your Mint
Must keep your Mint running for at least until 18th of December
Must MINT
ArbiFLUX token at least onceMust BURN
ArbiFLUX token at least once
At the 30 day mark, 5 addresses that burned the most ArbiFLUX will share the prize in this order:
1st burner will receive $1,000 USDC
2nd burner will receive $800 USDC
3rd burner will receive $600 USDC
4th burner will receive $400 USDC
5th burner will receive $200 USDC
The above addresses will be verified on our Mint Analytics -> Global Mints section in descending order sorted by "Burned".
Frequently Asked Questions
What are the requirements to participate in the ArbiFLUX campaign?
To participate, you must lock at least 100 L2 FLUX to start your mint, keep the mint running from November 18 until December 18, and complete at least one mint and one burn of ArbiFLUX.
How is the 3,000 USDC prize pool distributed?
The prize pool is split among the top five addresses that burn the most ArbiFLUX during the 30-day period: 1st place receives 1,000 USDC, 2nd receives 800 USDC, 3rd receives 600 USDC, 4th receives 400 USDC, and 5th receives 200 USDC.
How can I verify my position in the burning leaderboard?
The competition standings are fully transparent and verifiable on-chain. You can check the rankings under the 'Global Mints' section of the 'Mint Analytics' tab on the Datamine dashboard, sorted in descending order by the 'Burned' metric.
What is the purpose of burning ArbiFLUX?
Burning ArbiFLUX is part of Datamine's decentralized monetary policy. It helps control token inflation, increases minting efficiency (APY) for validators, and contributes directly to the stability of the multi-token ecosystem.
· panconpalta · #community-announcements