Post
Topic
Board Tokens (Altcoins)
Re: [ANN] (DAM) Datamine Network - FLUX: Time is Money 2.0 - DeFi DApp
by
DeFiOne
on 24/11/2024, 06:47:43 UTC
Check out these two articles that do a deep dive into datamine:

Datamine Network: The Inflation-Resistant DeFi Solution You Need to Know About
https://x.com/ValidatorBurn/status/1860529139901694367

and $FLUX: The Future of Money, Reimagined
https://x.com/ValidatorBurn/status/1860564100268589562

Also, you can now use the ChatGPT Datamine Assistant to answer ALL of your questions about the system:
https://chatgpt.com/g/g-WdK2nNwGZ-datamine-assistant

Example Question: Why is Datamine a viable solutions compared to Ampleforth (AMPL)?

Answer:

Datamine and Ampleforth now both offer multi-token ecosystems aimed at addressing volatility, but Datamine’s approach provides a more robust and user-participatory model. While Ampleforth’s SPOT offers low volatility by abstracting AMPL’s rebasing mechanism, Datamine's $FLUX and ArbiFLUX directly incentivize supply control through decentralized burns and minting, offering immediate user-driven stabilization without relying on algorithmic rebases. Additionally, Datamine’s LOCK token enhances liquidity permanently, creating deeper market stability, whereas Ampleforth lacks a comparable mechanism to mitigate speculative risks. Finally, Datamine’s Layer 2 integration (Arbitrum) ensures accessibility and cost-efficiency, unlike Ampleforth’s higher transaction costs on Ethereum Layer 1.