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Datamine Network Announces ArbiFLUX Burn Competition

💡 AI Article Summary

Datamine Network has announced an ArbiFLUX burn competition running until December 18, 2021. Highlighting the deflationary mechanisms of the ecosystem, over 85% of the total ArbiFLUX supply has already been burned. To incentivize further participation, a total prize pool of 3,000 USDC will be distributed among the top five participants who burn the largest quantity of ArbiFLUX.

Competition Prizes

Rewards will be distributed to the top five addresses based on the quantity of ArbiFLUX burned:

  • 1st Place: 1,000 USDC
  • 2nd Place: 800 USDC
  • 3rd Place: 600 USDC
  • 4th Place: 400 USDC
  • 5th Place: 200 USDC

All participants' activity and statistics will be tracked and verified using the Layer 2 Mint Analytics dashboard to ensure absolute fairness.

Participation Requirements

To qualify for the prize distribution, users must complete the following steps before the deadline on December 18, 2021:

  1. Lock at least 100 Layer 2 FLUX to initiate the minting process.
  2. Keep the mint running continuously until December 18.
  3. Mint ArbiFLUX at least once.
  4. Burn ArbiFLUX at least once.

This competition showcases how Layer 2 efficiency combined with user incentivized burning can effectively manage token supply velocity.

👋

Don’t forget that our ArbiFLUXArbiFLUX burn competition ends Dec 18, 2021! 🗓

Prize: $3,000 USDC

  1. Must 🔐 at least 100 L2 FLUX to start your Mint

  2. Must keep your Mint running for until 18th of December

  3. Must MINT ArbiFLUXArbiFLUX token at least once

  4. Must BURN ArbiFLUXArbiFLUX token at least once

On Dec 18th, Top 5 addresses that burn the most ArbiFLUXArbiFLUX (quantity), will receive:

📝⬇️

1st place: $1,000 USDC

2nd place: $800 USDC

3rd place: $600 USDC

4th place: $400 USDC

5th place: $200 USDC

Participation will be verified using L2 Mint Analytics

So far, over 85% of ArbiFLUXArbiFLUX supply has been burned! 🤯

Much ❤️ and Happy Thanksgiving 🦃

  • Magic (Neuromaniac). ✌️

Frequently Asked Questions

What is the ArbiFLUX burn competition?

It is a community event by Datamine Network running until December 18, 2021, designed to incentivize token burning on Layer 2 (Arbitrum) with a total prize pool of 3,000 USDC.

What are the rules to qualify for the prizes?

Participants must lock at least 100 L2 FLUX, keep their mint active until December 18, and complete at least one mint and one burn of ArbiFLUX.

How are the winners of the competition verified?

Winners are determined by the total quantity of ArbiFLUX burned, with data verified transparently through the Layer 2 Mint Analytics platform.

How much ArbiFLUX supply has been burned so far?

Over 85% of the total circulating ArbiFLUX supply has already been permanently burned.

· binanced · #community-announcements

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