Post
Topic
Board Tokens (Altcoins)
Re: [ANN] (DAM) Datamine - Decentralized Savings Account in Your Pocket - DeFi DApp
by
xxmetalmartyrxx
on 12/07/2020, 19:31:03 UTC


I guess another question I have is 'why are there two tokens'. Why not have staking DAM create more DAM? Are there other projects out there with this 2-token approach?



I asked the main developer this question, and he put it like this:

DAM is your ticket into the ecosystem
FLUX is what is used in the ecosystem.

If we just had one token we could not have started with 0 FLUX.


Flux has planned future use case on top of what it's already doing (have yet to be revealed). Another user described the relationship as a NEO-GAS, THETA-GAS and VET-VTHO sort of relationship. DAM has a static supply while Flux's supply is infinite, with a large majority of it being burned by users.