Datamine Network Launches L2 FLUX Minting on Arbitrum
💡 AI Article Summary
Scaling Deflationary Tokenomics on Layer 2
Datamine Network is expanding to Arbitrum (Layer 2) with the launch of L2 FLUX, transitioning the ecosystem into a scalable, high-efficiency environment. By utilizing Arbitrum, users benefit from lightning-fast transactions and minimal gas fees compared to Layer 1. The core ecosystem flow allows users to lock FLUX to mint ArbiFLUX, enhancing transaction velocity.
L2 FLUX Launch Event and Rewards
To mark this milestone, Datamine is hosting a launch event with a 3,000 USDC prize pool, split into five individual drawings of 600 USDC. Participation begins around November 18, 2021, when the Arbitrum failsafe period ends.
To qualify for the draw, users must:
- Lock at least 100 L2 FLUX to start a mint.
- Keep the mint active for at least 30 days.
- Mint ArbiFLUX at least once.
Each block of 100 locked L2 FLUX grants one entry, with no maximum limit. Winners will be drawn on December 18, 2021, verified directly via on-chain L2 analytics. Learn more and participate at the official Datamine website.
Introducing: The L2 Deflationary layer, eliminating hyperinflation. Datamine is proud to announce the long awaited L2 FLUX Launch Event!
Get ready for something Magical. Around Nov 18, 2021, L2 failsafe period ends on Arbitrum. This means you will enjoy lightening fast transactions that power the Datamine Network. You will also be able to lock in any amount of L2 FLUX tokens (currently limited to 100 before full launch).
Anyone who locks L2 FLUX for 30 days to run a Mint will enter a $3,000 USDC AirDrop Prize Pool (5 individual prizes of $600 USDC each).
1 entry = 100 L2 FLUX locked. If you lock 1,000 L2 FLUX, you get 10 entires and so on, minimum 1 entry, no max entries. The same address is eligible for multiple entries if you lock more than 100 FLUX.
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 30 days
Must MINT
ArbiFLUX token at least once
At the 30 day mark, 5 addresses that have fulfilled the criteria above will receive $600 USDC each. You do NOT need to unlock L2 FLUX if you decide to keep your Mint running. If you decide to unlock at 30 days, that is also okay.
No proof required. We will leverage our upcoming L2 analytics to verify your participation.
Winners will be chosen on Dec 18, 2021. Exact time to be announced closer to date of drawing.
To Recap:
Prize Pool: $3,000 USDC, split into 5 drawings of $600 USDC each
You must lock at least 100 L2 FLUX to run your Mint for at least 30 days.
For every 100 locked L2 FLUX, you receive 1 entry per drawing. If you lock more than 100 L2 FLUX (i.e. 1,000, then your address will show up 10 times under each drawing).
Welcome to a future where inflation is no longer a threat.
Lock L2 FLUX here: https://www.datamine.network/
Frequently Asked Questions
What is the purpose of L2 FLUX on Arbitrum?
L2 FLUX enables users to transition their activities to Arbitrum (Layer 2), providing fast transactions and significantly lower gas costs. Users lock FLUX on Layer 2 to generate ArbiFLUX.
How do I participate in the L2 FLUX launch event?
You must lock a minimum of 100 L2 FLUX, keep your mint running for at least 30 days, and complete at least one ArbiFLUX minting transaction.
How are the launch event entries calculated?
Entries are proportional to your locked L2 FLUX balance. Every 100 L2 FLUX locked counts as one entry, and a single address can hold multiple entries.
· panconpalta · #community-announcements