Post
Topic
Board Tokens (Altcoins)
Re: [ANN] (DAM) Datamine - Decentralized Savings Account in Your Pocket - DeFi DApp
by
NationalPotato
on 12/07/2020, 02:26:28 UTC
The value of FLUX originates from borrowing a portion of the worldwide dividend mint rate when you burn FLUX. FLUX is simply a measure of time that can be transacted to reduce global inflation and increase dividend rates. Dividend rates can be increased by buying time.

Datamine is a new non-custodial and decentralized open source economic system that uses smart contracts to create Adaptive Money. FLUX is Money 2.0. Our dual token DeFi protocol generates dividends every 15 seconds.

I REALLY, REALLY hope you’re not a US citizen because - wow. 

FLUX isn’t money.  It’s a cryptocurrency.  There’s a different.  Legally, it’s property, not currency.  Anyone based in the US trading this will be subject to IRS rules on property and not money. 

You’ve also only reiterated that the existing use case of FLUX is to serve as a ponzi mechanism.  Burn flux to borrow the global mint tate?  Aka: burn FLUX now to get MORE FLUX later.

What did Bernie Madoff tell his “investors”?  Give me money now to get more money later.