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Datamine Network Launches Global Validator Distribution Chart

🔥The next update to Datamine Network features a brand new global validators distribution chart!

Now you can quickly see leading validators for all the metrics and see who is leading!

Over $1,700,000 in FLUXFLUX has now been destroyed over the past 4 years to control inflation. We're testing to see if our unique monetary velocity idea works in DeFi world.

Be sure to check out our tokenomics and see how we are leading the charge on "on-chain alternatives to money". Don't forget we are also on arbitrum L2 as well as Ethereum L1!

There is still no competition in this space and the closest project that comes to mind is AmpleforthOrg 👀

https://t.co/MBsMTkMliq

· hodlforjesus · #social-updates

Datamine Network Enters Dynamic Value Creation Phase

🔥Datamine Network is a unique DeFi ecosystem that is now over 4 years old and these are the numbers to get excited about.

We're trying something completely different dynamic inflation completely controlled by the markets. This means sometimes our inflation is -200% and other times it can swing to +200%

We're seeing record numbers across all of our metrics. Stability across FLUXFLUX (on Ethereum L1) and ArbiFLUXArbiFLUX (on arbitrum L2) is finally coming!

It might be possible we could see value creation phase in action as early as this year. In this phase we would see both supply and price continue to increase slowly.

Stay tuned as this is new and uncharted territory.

https://t.co/MBsMTkMT7Y

· hodlforjesus · #social-updates

Decentralizing Forecasting Through Gamified Visual Trends

Guys I've been thinking what to do next with Datamine Network. We've now been running minting for over 4 years, we've got tons of realtime data, charts and all the possible metrics we can think of.

The validators are minting and we've got a decentralized dashboard running. These were my "long term vision" at the start of Datamine Network.

I am very happy with the amount of analytics and maybe it's time to work on something new. There is one area of the project that I feel like we haven't really finished: The forecasting tools.

We have the trends engine done but the frontend is not how I imagine it in my head.

I've been thinking a lot about he we can display trends in a meaningful yet creative way. This is something I've been fighting over in my head for the last 2 years.

How can we show forecasting in a way where 2D is not enough. We have to go 3D but not in the sense you are thinking of.

If a forecasted line is "X and Y" coordinates then we can draw it on a chart.

The problem is that this is not enough data to explain the trends.

Trends have many properties:

  • Genesis: "When was this trend created?

  • Age: "How long was the 'retest' bounce?"

  • Duration: "How long after the 'retest' bounce are we?"

There are all of these foreign concepts that only make sense in my head. If I say "Hey this trend is 15 days away from genesis" you would be very confused.

So how can we fix all of these complex ideas? Well the answer is, let's draw them as 2D characters and convert all the properties into stats.

We represent each trend as a unique character based on the stats. That way you can look at any chart of let's say S&P 500 and see a little battlefield happening.

Speaking of data I am thinking of open sourcing this entire concept. Data and rulesets will be fully customizable and you can import any data set and run the game on your browser.

This means we can now decentralize one more tab of Datamine Network: Forecasting. fluxEyes

· hodlforjesus · #dev-updates

Datamine Network Launches New FLUX Supply Dashboard Metrics

🔥We've launched a new core metric for Datamine Network dashboard!

We've broken up the FLUXFLUX supply so it's clear where the majority of the supply is at the moment.

Almost 120% of the current FLUX supply was burned and 47% is minting ArbiFLUXArbiFLUX on arbitrum L2!

The Uniswap and SushiSwap liquidity pools now make up >25% of the entire supply!

Be sure to check out how our DeFi ecosystem grows as we enter year 5! 👀

https://t.co/MBsMTkMliq

· hodlforjesus · #social-updates

Datamine FLUX Achieves Negative Inflation Milestone

🔥Datamine FLUXFLUX once again reaches negative inflation!

During times of low market demand DAMDAM validators burn FLUXFLUX to increase their minting rates. Currently >57% of FLUX was burned (Valued at over $200,000!)

Crypto is pretty quiet but don't forget that FLUX is minted every 12 seconds!⌛

https://t.co/MBsMTkMT7Y

· hodlforjesus · #social-updates

How Dormant Validators Reduce Datamine Token Inflation

🔥Wallets with over $100,000 in cryptocurrency fortune lost forever?

Over 500 Datamine Network validators have not minted their FLUXFLUX balance in over 2 years. What happened to these accounts, will they ever come back?

This is why we've spent the last 4 years creating the most in-depth analytics for our DeFi ecosystem. After 4 years of minting, only 80% of validator supply is active in minting.

This means that there is even less inflationary pressure than originally forecasted.

Be sure to follow our project and see how it evolves as each year inflation adjusts further towards price stability🧠

https://t.co/MBsMTkMT7Y

· hodlforjesus · #social-updates

Datamine Network Launches Value Retention Metric

🔥The next Datamine Network update now features Ethereum + Arbitrum L2 "Value Retention %"

This DeFi metric sums up all the value of minted FLUX and ArbiFLUXArbiFLUX and displays a percentage of retained value

=100% Means that our economic system is able to retain value, <100% means 1 FLUXFLUX is worth less now than at time it was minted

For example 20% Value Creation means 1 FLUX is worth 5x less now than it did at time of minting.

Our goal is to get closer and above 100% as inflation reduces and price stabilizes 🧠

https://t.co/MBsMTkMliq

· hodlforjesus · #social-updates

Datamine Network Launches Four Year Validator Achievement

🔥Next update to Datamine Network features a new 4 year ultra rare decentralized achievement. We now have 19 unique decentralized achievements in our DeFi ecosystem!

Only 14 FLUXFLUX validators have this achievement which requires you to be active on the network 4 years after starting your validator.

These decentralized achievements are a great source of metrics and also work on the Arbitrum L2 for ArbiFLUXArbiFLUX!

The minting metrics are as follows:

257 - 1 year

150 - 2 years

98 - 3 years

14 - 4 years

So as you can see each year there are less and less validators that will make it this far... Talk about retention!

https://t.co/MBsMTkMT7Y

· hodlforjesus · #social-updates

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