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Datamine Network Approaches Full Token Decentralization

👋 The Datamine Ecosystem is one step closer to TRUE decentralization!

We're now down to just one centralized point for social media on the ecosystem side. We're now moving towards last steps of decentralizing the DAMDAM / FLUXFLUX tokens.

Datamine: Immutable & Trustless 👍 https://t.co/ZTGq57YKyY

· hodlforjesus · #social-updates

Datamine Network Steps Closer to Complete Decentralization

Hey guys as you know the main core concept of Datamine is completely 100% decentralized DeFi platform.

In essence Datamine is a set of permanent, immutable smart contracts. The ecosystem is currently running by itself with proven on-chain velocity.

Since there is no owner of Datamine we want to decentralize the last few pieces. If you guys haven't realized the whole Datamine Ecosystem has been running by itself for the past 2 months!

I have asked to relinquish his Marketing position in favor of true decentralization.

This might seem like a strange time to do this, but you have to remember that neuromaniac also works 80 hour shifts.

However the ecosystem MUST be truly decentralized and I feel like we got to a good place now as a community where we no longer need neuromaniac's time.

I am extremely thankful for all the things this community member helped me with and he deserves a round of applause. 👏

PLEASE NOTE: This does not change our development timeline. Datamine DeFi Alpha invitations are happening next week! If we decentralize Datamine 100%, I can focus my time entirely on the analytics portion and turn that into a real company.

As you realize I am now the last centralized part of Datamine. We'll figure out how to decentralize me in the future but for now I will assume control over both marketing and development. 🔥

· hodlforjesus · #announcements

How FLUX Powers Datamine DeFi Network Pro Access

Hey guys,

It's time to talk about how we plan to utilize FLUX in Datamine DeFi Network Pro.

First of all we must understand exactly what we're trying to achieve:

  • Grant access to core customer base: Users that are utilizing Datamine ecosystem need to be able to access the network free of charge.

  • Limit "bad actors" and limit server resource utilization

  • Connect core customer base together in realtime.

  • Remove any form of registration & provide some form of privacy

Here is how FLUX is to be used in our Analytics platform:

  • You MUST have burned any amount of FLUX on the selected address before gaining access

  • You are placed in a priority ordered queue, where those that burned the most FLUX get to "skip the line" and are able to login to Network before others.

  • You can get "knocked down" the line if someone burned more than you comes online.

  • If the server is full you will be placed in priority queue.

  • You get 2 buddy passes. These buddy passes have THE SAME priority as your main address

In conclusion:

  • If you burn a lot of FLUX you are guaranteed free, no-queue entry to DeFi Network at any time of the day.

  • YOU MUST burn FLUX to gain access. In beginning this will be as low as $0.01 to gain access and grow from there as server demand grows.

  • We will increase FLUX burn queue as server resources allow. This means we can have a larger network in the future.

Alpha is coming out NEXT WEEK so be sure to check Discord for Alpha invitations. 🔥

How FLUX Powers Datamine DeFi Network Pro Access

· hodlforjesus · #dev-updates

Datamine Network Enhances Ledger and Details Alpha Launch Strategy

Hey guys,

We've done some more cleanup on the realtime ledger and fixed up a bunch of UI data points. The ledger now has some additional events (such as Received) but we'll also add additional events (such as "Sold on Uniswap (DAM/FLUX)") when we add Uniswap integration.

Tomorrow I'll be jumping on license management for Alpha (each user invited to alpha gets 2 "buddy" links). These invitation links are integral part of the upcoming FLUX use case in our analytics. We'll share more info on how we plan to use FLUX in the network after Alpha is released. 🔥

Datamine Network Enhances Ledger and Details Alpha Launch Strategy

· hodlforjesus · #dev-updates

Datamine Launches Realtime DeFi Running Balance Widget

Hey guys,

Today I want to showcase our new Realtime Running Balance widget. Why look at plain old and boring transactional Ethereum data trying to figure out what is happening in your wallet when you can have Datamine-powered realtime analytics.

We call this process "Realtime Data Enrichment". Let's compare the most popular Ethereum explorer (etherscan) vs our realtime multi-smart contract analytics platform.

In the screenshot below you can see our early progress of converting confusing transaction data into human-readable realtime ledger. This is still work in progress but you can see how we will revolutionize DeFi analytics as our data network is unlike anything else in the world.

We'll be sending out Alpha invites in just two weeks so be sure to stick around Discord as we want you guys to experience the Datamine DeFi Network Pro for yourself. 🔥

Datamine Launches Realtime DeFi Running Balance Widget

· hodlforjesus · #dev-updates

Realtime Address Ledger for Datamine DeFi Network Pro

Hey guys,

I've made substantial progress in the per-address realtime ledger for our upcoming Datamine DeFi Network Pro analytics. This means you'll soon be able to get a clear understanding into each address FLUX balances and understand exactly what is happening.

Will be able to have a screenshot of the frontend tomorrow, right now This ledger only records Mints and Burns but we'll also track movements and erc-20 movements as part of the ledger so you can get a complete history of per-address movements in realtime. 🔥

Realtime Address Ledger for Datamine DeFi Network Pro

· hodlforjesus · #dev-updates

Understanding the Datamine FLUX Dual Deflationary Protocol

FLUXFLUX Dual Deflationary Protocol in action:

Burning FLUX ⤵️

🗹 Lowers the Global Mint Rate Permanently

AND

🗹 Destroys FLUX from Circulation

= Temporarily increases your personal mint rate while combating inflation

https://t.co/dNR9HXnW3D

timeismoney DAMDAM datamine FLUX https://t.co/pb5OMxyHj7

· Deleted User#0000 · #social-updates

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