Hey guys, here is the recap of Datamine AMA

https://t.me/CryptoTitansCH_1/1314

https://link.medium.com/pic3vB60Ucb

Thanks everyone who have helped us with this!

Hi

The AMA with https://t.me/CryptoTitansCH_1 will be held in 45 minutes and let's hope we all show the best of Datamine Community!

Guys, if you will be asking questions in Telegram group in a telegram-questions window big request!

Please duplicate your questions in my DMs and you'll soon understand why.

Check out for more info here https://t.me/CryptoTitansCH_1/1274

🔥 Check out our new diagram on how FLUX / Ethereum transaction-incentivized liquidity pool works.

DAM use case is compatible with any token & liquidity pool such as UniswapProtocol and BalancerLabs

~3.5 FLUX is destroyed for every 1 FLUX in the pool👀

https://t.co/EsnZs3DP0q https://t.co/GfmX6lKnnw

Hey guys,

Decided to take some time to do another round of small Quality Of Life updates. I've been doing a lot of demos of Datamine Network and took down some areas for improvement.

There will be a bunch of updates to various areas of the website. Today I've made some updates to Addresses page which will now display overburned amounts capping the displayed text at 10x. When showing this to some people they though there were users with 345x burn multiplier even though it caps out at 10x.

Another small change here is that we'll properly display Unlocked addresses instead of showing "0" for locked-in DAM. Some people were confused how that worked.

One last change for the day was to show over-burned address bonuses. over-burned FLUX is permanently destroyed from circulation and since user unlocked their DAM that FLUX does not benefit anyone (and is not counted towards global multiplier).

Aiming to get a small release out this weekend with a few QOL changes like these. 🔥

Check out this interesting math:

FLUX Minted Daily (Based on 31 day Avg.): 5,390.28

FLUX Burned Daily (Based on 31 day Avg.): 3,974.90

Today's Inflation: 1,415.38

Today's Pool Inflation (Based on 54.3487% FLUX is Uniswap Pool): 769.24


FLUX Fees from Uniswap Pool Today: $10.97 = 18.22


When Fees match Inflation we eliminate FLUX inflation completely from Uniswap pool alone.

That means we need 769.24-18.22=751.02 FLUX = $452.07 USD in daily fees to completely remove FLUX inflation. Let's say price goes down 10x to $0.06, that means we only need $45.20 USD in pool fees to counter FLUX inflation.

What makes this great is if we take 452.07*31=$14,014.17 USD that means at current prices we only need to generate $14,014.17 USD in pool fees throughout the month to completely remove FLUX inflation at current price point ($0.604602).

🔥Check out our latest update to Datamine Network: New real-time averages for FLUX minting

Includes real-time Monthly Burn Ratio Decay. We've burned over $310,000.00 in FLUX 👀

Unique On-chain use cases like our controlled burn will fuel DeFi in 2021

https://t.co/4QVv7dJomr https://t.co/vYi8EqDgSu

Hey guys,

I finished another new data point that will be launched in Tomorrow's update. This is the long awaited "FLUX Monthly Burn Ratio Decay" which previously has not been seen.

This chart will tell you how fast your burn ratio changes per month. Currently we're at 24.41% that means your 10x Burn bonus will become 7.559x in one months.

The BEST part of this is that we can witness this ratio go down overtime. As more FLUX is burned the slower the decay is so your bonus lasts longer and you reap the benefits of burn multiplier for longer amount of time.

Planning on releasing this together with the new averages tab tomorrow. 🔥

Hi

Please take you time and ask as many questions regarding Datamine and FLUX as you can here

This will help us a lot as many questions come from bots in my opinion and are very generic for most projects

Don't forget to Like 👍 Retweet Follow CryptoTitans1 and dataminenetwork in twitter and tag 3 friends as per host demand

https://twitter.com/CryptoTitans1/status/1346186493996490756

Hey guys,

Wanted to show you some progress on the new averages page. This will have realtime averages for various new data points (based on 31 day average).

The first new data point on this chart is FLUX Minted vs Burned (31 Day Average). This way you can see when we cross into negative inflation average (proving our negative inflation use case). We actually got very close a few days already, but this is the number to watch. When we start going into negative average that means more FLUX is burned than is minted!

As the FLUX pool growth (Currently 53.45% of all FLUX is now on Uniswap) we're entering uncharted territory of demand. I should be able to release the new data point tomorrow so be sure to check it out tomorrow 🔥

Hi

We will be holding AMA in Telegram 9th of January at 17pm UTC together with https://t.me/CryptoTitansCH_1 channel both in their chat and here in Discord

will be answering questions here and I will be a proxy in between Telegram and Discord

There will be a 100 usdt reward for best questions

Check out for more info here https://t.me/CryptoTitansCH_1/1274

https://imgur.com/a/jUdiUsM