Welcome to another quarterly recap! Every quarter we go over all of the updates that we have performed since the last milestone.

Think of these milestones as a chance to get bite-sized set of updates instead of having to go through hundreds of individual updates.

Ecosystem Milestones

  • FLUX reaches new record of NEGATIVE -18.89% inflation! FLUX was the first cryptocurrency in the world to reach negative inflation and we’ve hit this deflationary zone again!


It’s been exactly one year since Datamine FLUX was deployed to Ethereum mainnet. A lot has happened since then so let’s take a look at the year-end analytics — Powered By Datamine Network.

DeFi is a wonderful area of innovation and we’d like to show how we’re contributing to this space by solving inflation.

All of the USD price you see in the analytics are based on Uniswap V2 & V3 On-Chain USDc/ETH pair. This means the prices are accurate to represent the actual USD value at that point in time.

All of the data below is sourced from on-chain…


Welcome to another quarterly recap! Every quarter we go over all of the updates that we have performed since the last milestone.

Think of these milestones as a chance to get bite-sized set of updates instead of having to go through hundreds of individual updates.

Ecosystem Milestones


FLUX Yearly Inflation reaches all-time low of -4.45%

In a modern Monetary System, the Central Bank controls inflation and deflation. Imagine if the Central Bank was controlled by the people in a decentralized manner where anyone could become part of the central bank and control the money supply.

Fixing inflation is our DeFi use case. We’ve fixed inflation by creating a strong on-chain use case that is currently valued at $300,000.00


FLUX audited token reaches an all-time low inflation of 32.83% just 7 months after release. Our unique on-chain supply/demand balance has been achieved with 50% of all FLUX tokens currently available in Uniswap FLUX/ETH pool.

Argentina, a G20 country had 36.10% inflation rate in December 2020. Due to 69.46% of all FLUX tokens being destroyed from circulation our inflation rate continues to drop every month as we head towards 0% inflation.

Currently every 1 FLUX in the FLUX / ETH Uniswap pool is backed by 4.6 destroyed FLUX. …


2020 was an incredibly challenging year for many of us. Just one year ago Datamine Ecosystem was just all theoretical, it should work but no one has created anything like it yet so we ventured into an unexplored space of cryptocurrencies.

The idea was simple, how do you create a decentralized on-chain use case? After months of brainstorming, Ethereum smart contract development and testing we launched Datamine & FLUX dual-token ecosystem.

Datamine Ecosystem was born right before the DeFi & Uniswap cryptocurrency boom of 2020 in the midst of Coronavirus (COVID-19) pandemic. …


It’s been exactly one month since release of Datamine DeFi Network Pro and we’ve been hard at work on many improvements. v1 of Open Beta showcased our “instant data” technology to the world, but we’re just getting started!

Since the launch of Open Beta we’ve also PASSED a professional smart contract audit. If you missed the update check it out here: https://dataminenetwork.medium.com/datamine-dam-flux-smart-contract-audits-passed-1a13f3621e43

Let’s jump right into the improvements that were added in this update.

New “Core Ledger” Technology

We’ve came up with a brand new “Core Ledger” technology. …


We would like to congratulate the decentralized Datamine community: YOU DID IT! “Without Decentralization, DeFi is just finance.”

Both Datamine (DAM) and FLUX tokens have successfully PASSED professional audit by the SlowMist team. Both reports have been attached in pdf links (which are now part of the whitepaper). Additionally you can find both reports on SlowMist website (by entering our smart contract addresses).

ttps://github.com/Datamine-Crypto/white-paper/blob/master/audits/SlowMist%20-%20Smart%20Contract%20Security%20Audit%20Report%20-%20DamToken.pdf

https://github.com/Datamine-Crypto/white-paper/blob/master/audits/SlowMist%20-%20Smart%20Contract%20Security%20Audit%20Report%20-%20FluxToken.pdf

These professional audits of our next-gen smart contracts will bring extra confidence to investors and exchanges and was necessary step to scaling out. …


Our use case & Core Metrics are now available in real-time

Datamine Network is an economic system model that was launched on the Ethereum through a set of advanced smart contracts. No one is in charge of this network, there are no owners/admin keys or team behind the Ecosystem.

The Datmine (DAM) and FLUX tokens work in tandem to solve the hardest DeFi problem: How to combat inflation?

While most DeFi tokens “lock-in” their tokens into Automated Liquidity Pools the Datamine (DAM) tokens can additionally be “locked-in” to another incentive: FLUX token minting.

When you lock-in your Datamine (DAM) tokens…


It’s time to discuss how we plan to utilize FLUX in Datamine DeFi Network Pro

First, it is important to understand exactly what we are trying to achieve:

  1. Grant access to core customer base: users that are utilizing the Datamine ecosystem need to be able to access the network free of charge.
  2. Limit “bad actors” and limit server resource utilization.
  3. Connect core customer base together in realtime.
  4. Remove any form of registration & provide some form of privacy.

Here is how FLUX will be used in our proprietary Analytics platform:

  • You MUST have burned any amount of FLUX on the…

Datamine Network

Datamine Network is a new non-custodial and decentralized open source economic system that uses smart contracts to create Adaptive Money.

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