For the base Datamine (DAM) token we've kept it as simple and basic as possible. This token is a standard ERC-777 implementation and was deployed on Ethereum mainnet with fixed supply of 25,000,000 DAM. 16,876,778.9 DAM tokens were ultimately swapped and 8,123,221.1 DAM tokens were burned. To bootstrap the DAM/FLUX token ecosystem we chose to use a fair distribution of the two year old Bulwark blockchain.
FLUX token is a NON-FIXED supply token in our ecosystem that will be used for all future use cases. As it's non-fixed and has predictable minting we can create more "spendable" use cases without having to worry about fixed supply nature of DAM token.
DAM lock/unlock: To generate FLUX dividends you need to lock in some DAM. There is no minimum amount unlike staking/masternodes and the rewards scale linearly & predictably.
Mint delegation: When you lock-in your DAM you can specify one Ethereum address to mint on behalf of your address.
Remote mint: So you can mint FLUX from your phone to any Ethereum address, even though DAM is stored on your hardware wallet.
Remote burn: So you can burn your FLUX from your phone targeting your hardware wallet.
Partial mint: You can specify how much of your mint you want to be sent to a specific address. This way you can demonstrate it quickly and mint to your friends without minting the entire amount.
3x Time Bonus: After you lock-in DAM for at least 24 hours, you will start receiving a small mint multiplier every 15 seconds. This lasts for 28 days after which you can gain a permanent (until you unlock DAM) bonus to your FLUX mints
10x Burn Bonus: If you burn 9x the global average then you will get 10x the mint rate. This is a global number that is based on how much DAM is currently locked-in and how much FLUX these locked-in addresses burned. (Keep in mind the formula is based on ratios, so by locking 10 DAM you would need 10x the burn amount compared to locking in 1 DAM). You can think of it this way: (All the FLUX I've ever burned / my DAM locked-in) must be 9 times greater than (global burned FLUX of only users that are currently locked-in / global DAM locked-in)
The dividend bonuses are multiplicative. So you can get up to 30x FLUX minting rate. It is suggested to get max 30x mint rate at time of minting FLUX, so this means you will most likely buy some FLUX first and burn it to your address if you are not at max multiplier yet before minting your FLUX.
The most efficient way to mint at any time is:
1. Get 3x time bonus (28 days after locking). 2. Before pressing mint, make sure you have 10x burn multiplier, if not buy FLUX and burn.