🔥Our friends at FarmlandGame will be getting their own Decentralized Consumer Price Index!

We'll be tracking price for basket of corn that's required for Maximum compost bonus in their GameFi!

Arbitrum L2 friends stick together, glad to have you!❤️

https://t.co/EsnZs3DP0q https://t.co/PdiNtH4Dcw

🔥Our next update will feature Decentralized Consumer Price Index in the Market Metrics!

Stability in CPI = value retention and stability in basket of goods cost. We're combating inflation with help of Ethereum SmartContracts!

Be sure to follow! 👋

https://t.co/EsnZs3DP0q https://t.co/yu9OrWOwbg

🔥Over $38,000 in FLUX has been burned from circulation in the past two days!

This led to a dramatic decrease in inflation which is now hovering at just 11.73%!

We're nearing $1,600,000 in total burned showcasing the power of our inflation-control! 💪

https://t.co/EsnZs3DP0q https://t.co/iFnolZjutQ

🔥We're fixing inflation... Check out world's first Real-Time Decentralized Consumer Price Index running on arbitrum L2

FLUX & ArbiFLUX CPI is based on proven Ethereum data proving that Basket Of Goods cost is controlled by a decentralized market!

https://t.co/EsnZs3DP0q https://t.co/YdtKDN8pi6

🔥We'll be launching Decentralized Consumer Price Index tomorrow!

FLUX & ArbiFLUX on L2 are now the first cryptocurrencies in the world to feature real-time decentralized consumer price index!

Our DeFi use case: retained value = ultimate currency🧠

https://t.co/EsnZs3DP0q https://t.co/tQEK0hQAJj

Hey guys we've hit a big breakthrough last night with dCPI (Decentralized Consumer Price Index) by being able to define what our "Basket Of Goods" is.

Once we have Basket Of Goods cost we can then chart CPI and compare how our inflation looks like vs rest of the world! CPI is what economists will look for to prove that our solution to inflation works.

We define Basket Of Goods as:

((-1 * (targetMultiplier - 1)) * globalFluxBurned * myDamLockedIn) + (globalDamLockedIn * myFluxBurned) / (-1 * globalDamLockedIn) + ((targetMultiplier - 1) * myDamLockedIn)

Where:

• targetMultiplier = 10 (Used in our definition of basket of goods. The burn multiplier that is being targeted)

• globalFluxBurned = Total FLUX burned for active mints (inactive burned FLUX is not counted)

• globalDamLockedIn = Total DAM locked-in the smart contract of active mints

• myFluxBurned = 0 (Used in our definition of basket of goods)

• myDamLockedIn = 5000 (Used in our definition of basket of goods)

This will give an output of "Total FLUX required to burn for a mint with size of 5000 DAM to get 10x burn multiplier".

We then use on-chain historic pricing to multiply the above number to get our Basket Of Goods USD price!

Now that we have charted our Basket Of Goods price we can then use the above data to get dCPI (Decentralized Consumer Price Index). This is the next core metric so be sure to stay tuned for updates 🔥

🔥Introducing Decentralized Basket Of Goods and dCPI: Decentralized Consumer Price Index - A real solution to global inflation

Decentralized Basket Of Goods is now a reality thanks to our on-chain burn now worth over $1,540,000!

Stay tuned for more👀

https://t.co/EsnZs3DP0q https://t.co/A3ztA1BqLg

Hey AaveAave crew $AAVE is coming to Datamine Network crypto trends!

With our tech you'll be able to see all unbroken resistance/trends for $AAVE without having to do any charting.

Trends are possible futures and we're here to find them together! 👍

https://t.co/EsnZs3DP0q https://t.co/iiKnVzB4q2

🔥Hey LTCFoundation, Litecoin is coming to Datamine Network trends!

With our unique crypto-trend finding algorithm you'll be able to see all unbroken $LTC resistance and support trends AUTOMATICALLY.

See possible futures with Datamine Network! 🧠

https://t.co/EsnZs3DP0q https://t.co/HlRGPEnGOE

🔥We've added a new SushiSwap decentralized achievement to arbitrum L2!

For anyone that bought ArbiFLUX from the Ethereum pool will automatically receive this achievement!

We've got a couple more achievements lined up to be sure to follow for updates!👍

https://t.co/EsnZs3DP0q https://t.co/b2ba5u8FXi