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Say goodbye to hedge fund disasters
DAM Finance Rolls Out Omnichain Stablecoin on Testnet to Address Liquidity Challenges in DeFi
Hello! I Am Trying To Create An Investment Strategy Around Publicly Traded Crypto Miners. $DAM seems to be an ETF with a little of each, but it has very very low liquidity. Any thoughts?
What's Next for Neutral Rated Datamine (DAM)?
Beating bear market by using an AI driven hedgefund
Mentions
The bigger question is why has not anyone tried to kill him yet - since coming back to the US? LOL DAM AMERICASSSS
That's why I think DAM will be very successful, new chains will need their help and there are plenty out there.
DeFi should be everywhere not just on Ethereum, seems like DAM are well aware of that.
DAM is a decentralized system that makes it possible to teleport its scalable and omnichain stablecoin, d2O, to developing network environments.
Kudos to DAM, DeFi is definitely in a bad place and needs some help.
There are crypto related ETFs if that is the method he's most comfortable with.. BLOK, BKCH, DAM, or even bigger financial ones will have some crypto coverage - FINX.
DAM if thats the case i think that would hinder the growth of all social coins on reddit as opposed to just having one and having more people aboard that one token
Checking the Bitcoin subreddit and price at the beach. THERES MOT A DAM THING WRONG WITH THAT! One love
Cot DAM that's some cheap ROSE right now
The amount of FUD is too DAM high
Yeah, I saw this one already... Few days ago... SAME DAM ARTICLE TOO...
Alright folks, given the recent spike in liquidity and trading volume for FLUX on Arbitrum, I was asked to provide my very first DD here. We will discuss several important points, and I will also include a summary (TL;DR) at the end. However, I hope you stick around for the entire write-up. Now for some background: Datamine (DAM) is a DeFi token that began its life in summer of 2020 and was created on the Ethereum (ETH) L1 blockchain by an anonymous developer known only as “Hodlforjesus“. It was built utilizing OpenZeppelin ERC777 standard (there are still only a handful of tokens that utilize this new standard). The goal was to solve monetary inflation in a decentralized manner. Tokenomics: The premise, as follows: DAM has a fixed supply of 16 million tokens. Users can lock DAM in a smart contract to start running a Mint. A Mint generates a secondary token, FLUX, whose supply started at 0. Users can also burn FLUX, thereby temporarily increasing their personal Minting rate while lowering everyone else’s (effectively creating a dynamic, global, 24/7 competition between all Mint owners). DAM effectively represents a decentralized version of a central bank, that creates a currency (FLUX), whose supply dictates its very own demand. At first, this smelled like a zero-sum game to me because of the way FLUX is used. However, I discovered later that 1% liquidity pools and transactional throughput avoid this problem. DAM has a fixed supply that ultimately grinds down into any DEX pool via trading. Eventually the liquidity pool becomes large enough that people have no incentive to unlock, thereby slowly increasing the USD value of DAM. Regarding FLUX pool; as the pool grows (supply), minting FLUX results in lower inflation (once you have a large enough pool, the amount you mint in comparison to the total supply, and ongoing burned FLUX is negligible). FLUX has already hit negative inflation twice this year. Growth: What precluded rapid growth of this project over the past year, IMO, have been the L1 gas fees. While it’s impressive that over $1.4 million USD in FLUX has been voluntary burned by users within the ecosystem (Mint Analytics - Datamine Network 1), I think that figure would have been much higher already if it didn’t cost $50-150 to interact with the smart contracts. The DAM L1 Pool is a high volatility pool due to locked-in amount (13 mil tokens, nearly 80%). Any pump is countered by users unlocking and selling. You can’t just pump it (look at price history going back to April 2021). There has to be constant market demand sustained over a long period of time, which ultimately is a good thing for growth of any token. The FLUX L1 Pool is a low volatility pool (check out the FLUX chart in log scale); the price over the past year has nearly resembled that of a stable coin, while not being pegged to anything (that’s quite the accomplishment). Why I am Excited: With the upcoming release of the L2 Deflationary layer on Arbitrum, users will now have the option to bridge L1 FLUX to the L2 layer, and lock L2 FLUX in order to Mint a third token, ArbiFLUX (whose price has not yet been determined by the market). This creates a new decision dichotomy, that will be very interesting to watch unfold. Instead of selling FLUX for profit (32% APY currently), or burning FLUX to increase your personal Mint Rate, users can bridge L1 FLUX to L2 Arbitrum FLUX, and 1) either add to the liquidity pool to earn 1% of trading fees, or 2) lock L2 FLUX to start their own ArbiFLUX Mint. I think this is where my excitement is currently focused because ArbiFLUX is built from a token that is held by value (check out the retained liquidity metric in Market Metrics). Without DAM, you can’t create FLUX, and without FLUX, you can’t create any ArbiFLUX. It took a little over 1.5 years to mint 762k circulating FLUX (which currently has about 40% inflation), and now the added Arbitrum layer will drive inflation down even more. This schema above (DAM → FLUX → ArbiFLUX) is basically a way to remove inflation from the system. Just in the past 24 hours, Arbitrum trading of FLUX exploded to 70k in trading volume and 66k in locked liquidity. I like numbers. Thankfully, Datamine provides data to support long-term project viability, via the Market Metrics and Mint Analytics tabs on their main page. Some important metrics: Locked-in DAM % is going up: 79.38% of all DAM in existence is locked, up from 70% a few months ago. The total number of active mints has been very stable, in mid 700’s. Price of FLUX ($0.83) is almost at value creation ($1.19), once price > value creation that means on average each FLUX minted is now worth more than it’s original price. Current inflation for FLUX is relatively low at 40% (and only goes down as supply increases). ArbiFLUX will have even lower inflation. Mint APY % is going up (currently 32%), and not down like other “farming” tokens plagued by hyperinflationary tokenomics. FLUX % burned has remained fairly stable at 60%. Uniswap V3 FLUX/ETH Retained Liquidity has been increasing (more ETH is entering the pool than leaving). Up $40k since October 2021. The FLUX total supply has had linear, predictable growth (after 1.5 years, only 762k FLUX has been minted). Both DAM and FLUX are currently sitting around $500k mcap based on circulating supply. If based on total supply, DAM mcap is just 2.4m. Liquidity is growing quickly: 174k in L1 FLUX/ETH pool. 179k in DAM/ETH pool. 64k in Arbitrum L2 FLUX/ETH pool. Pros: (in order) Real-world Use Case: I use their analytics daily. I strategically plan my burns and mints. It’s an actual product that nets steady APY. And it has proven (twice already) that it can solve inflation through Decentralized Mints by entering periods of negative inflation. Over the next year, FLUX inflation should remain in the low double-digits, but the focus and attention should now be turned to ArbiFLUX (which has a really good shot at becoming a single-digit inflation asset, or perhaps even deflationary) and serve as the base “dollar” of DeFi. Flux Liquidity Pools ensure that enough M0 money supply is in the market, which is a good thing because as the pool grows, this results in low volatility. Moon Possibility: Due to low price, low supply, strong tokenomics (currently yielding 32.75% APY on L1 layer for staking DAM (Datamine (DAM) Interest Calculator and Current Rates | Staking Rewards), I think it’s only a matter of time before this project reaches escape velocity. With the upcoming launch of L2 Arbitrum layer, transacting on the network will be even cheaper and faster compared to L1 gas fees, and will generate users additional APY through minting of the third token, ArbiFLUX (Price TBD). DAM and FLUX Uniswap liquidity pools showcase how transactional throughput benefits Liquidity Providers by earning 1% on each trade, incentivizing users to add liquidity. Audited Contracts: Unlike many other tokens that get rug-pulled, you can sleep easy knowing that both DAM and FLUX smart contracts have been audited by SlowMist. Datamine also received one of the highest DefiSafety scores of 81% Decentralization: No single person or core group of people own the majority of DAM or FLUX; the smart contracts can never be changed or altered. There is no “back door.” Here’s an interview the dev did with stakingrewards a while back. The dev is also very active in Discord and replies to anyone’s questions. Cons: (in order) The community funds all of their own projects and development is self-sustained by the ecosystem itself, resulting in much slower growth compared to the majority of other projects. There is no marketing budget, per se. High gas fees act as a significant barrier for buying DAM or FLUX on L1. Summary: (TL;DR) Overall, FLUX (and the entire Datamine ecosystem) has very strong potential, evident through their big and complex network of real-time data. Think of Datamine Network as a more sophisticated rebase, that is not pegged to the inflationary USD. FLUX will now give rise to ArbiFLUX, a more refined asset that drives inflation even lower and increases APY. This system guarantees transactional throughput through 1% liquidity pools. I can’t think of any other currency whose supply dictates its own demand, and does so in a completely decentralized manner.
Actually there is a token call CRAB. DAM
The risks with holding coins on an exchange come down to what exchange and how you manage your internet safety. If you're the kind of person who downloads any old files or clicks on any random link then you risk exposing yourself to keyloggers etc. If you have your crypto locked down in cold storage then that hackers gotta come to your house and physically get your storage device or figure out your seedphrase. Also I just need to add in: DONT JUST WRITE YOUR SEEDPHRASE DOWN ON A PIECE OF PAPER, GOD DAM HOW HARD IS IT TO UNDERSTAND PEOPLE. Ink fades and paper gets destroyed and misplaced so easily. You can get these little metal punch kits on Amazon for so cheap, get a few of those and hide them round the place.
There is [DIAMONDHANDS](https://coinmarketcap.com/currencies/diamond-hands/) and [Diamond Hands token(DHC)](https://coinmarketcap.com/currencies/diamond-hands-token/). My favorite one is [Diamonds Alaska Malamuted(DAM)](https://coinmarketcap.com/currencies/diamonds-alaska-malamuted/)
I know a LOT has been said about Sol, but DAM. There would be 50ft of glass if there were glass ceilings in it's way! So happy for its long time holders, massive congrats.
> No one talks about discrimination in the oil workers industry. Oh, the internet. A place where people make claims to backup their beliefs, regardless of the validity of those claims. There has been and is a shitload of discussions around improving the balance of gender in all fields, including the petrol world. Like [here](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/oil-gas-sector-struggling-to-attract-elevate-women-amid-gender-diversity-gap) and [here](https://www.iea.org/commentaries/gender-diversity-in-energy-what-we-know-and-what-we-dont-know) and [here](https://unece.org/fileadmin/DAM/energy/images/CMM/CMM_CE/AHR_gender_diversity_report_FINAL.pdf) and [here](https://www.world-petroleum.org/docs/docs/Gender/WPC_Strategic_Review_2017_Gender_balance.pdf) and [here](https://www.forbes.com/sites/quora/2019/03/08/why-are-fewer-women-employed-in-the-oil-and-gas-industry-than-men/?sh=4025c2c76033) and... it's endless. Plenty of people talk about and talk about exploring solutions.
I actually launched a C20 token on an Ethereum test net some days ago - just to see how easy it was (extremely easy; took less than 5 minutes). It’s called DAM token, and carries no value whatsoever. Making a faucet, distributing the coins via a browser game is easy, and I just so happen to have 4 old browser I games I made in HTML5. One of them is a flappy bird clone, except it’s a cow instead of a bird, and the cow shits milk bubbles and has to capture cacao while avoiding cheese bars. The background is made up of 3 layers that scrolls at different speeds, and the background music is made purely as MIDI from back in the day when the ORIGINAL Cakewalk software was in version 3 (around the time of Photoshop version 3). So while the obvious way to earn tokens would be related to numbers of cacao cartons captured, I’m thinking volume of milk bubbles shat.
Is Dating African Men(DAM) a new stablecoin?
or better build their own blockchain with a coin named $DAM, Diego Armando Maradona
https://www.lamborghini.com/sites/it-en/files/DAM/lamborghini/news/2020/06_29_yacht/yacht_06_m.jpg Both.
It's almost 2 am here. Should I sleep or wait to see Eth touch 3k? Also that wall from 2994 to 3003 is a fucking Hoover DAM
I think the Government and any other part what I call Mommy and Daddy , don't need to see a dam thing of my personal things accumulated ( money, guns, women, crypto, or anything I left out if of value). The nanny state wants to tax, take, steal or destroy what I have if they are not ok with whatever. I SAY STAY OUT OF MY DAM LIFE.
DERO https://coinmarketcap.com/currencies/dero/ CELO https://coinmarketcap.com/currencies/celo/ DAM https://coinmarketcap.com/currencies/datamine/ NU https://coinmarketcap.com/currencies/nucypher/
DERO [https://coinmarketcap.com/currencies/dero/](https://coinmarketcap.com/currencies/dero/) CELO [https://coinmarketcap.com/currencies/celo/](https://coinmarketcap.com/currencies/celo/) DAM [https://coinmarketcap.com/currencies/datamine/](https://coinmarketcap.com/currencies/datamine/) NU [https://coinmarketcap.com/currencies/nucypher/](https://coinmarketcap.com/currencies/nucypher/)
1200000 divided by 2300 is 521.739 ... what you are saying is impossible doge in last 5months did NOT GO UP 521X ... I HATE TO TELL YOU BUT YOUR SUCCESSFUL BUDDY IS A GOD DAM LIER
Now THIS is a great post hawt DAM. Thanks for the work/info op
Which exchange can I purchase some of these DAM coins from?
NO ONE SELL. HOLD YOUR DAM COINS. If you believe so much in wealth sharing, then hold your coin and you will win. Ps; there is no shame on selling if you really need the money, if times are hard do what you have to do. You can always buy more once things get better.
i remember being up $1000 on my measly little 2k investment, now im jobless as of last week, fiancee left me, and im down -600. Im gonna HODL this bitch until i die, but god DAM, i did not foresee the bull market crashing before summer.
I showed this to my grandfather, he told me "DAM THATS ALOT OF MONEY!!!"
It would be of been great earlier but if $DAM or $FLUX has a much better moonshot potential over the next 4 months
DAM finally someone with a brain.. tried of all this Holding bs
i get hate for this alot but in this bull cycle / DeFi boom dont waste your time with analysing the charts for entry / exit... just Buy/ Hold & Accumulate your crypto , what ever you can afford. because This bull run has barely even started yet, if we are talking about the big picture. Once Bitcoin Price can show Stability and not such volatile swings, We are gonna see some BIG big money flow into this market, thats for DAM sure
DAM!!! A guy who drinks and reads Reddit before he goes to bed doesn't deserve credibility on whatever says in the post.