Datamine Network has announced an ArbiFLUX burn competition running until December 18, 2021. Highlighting the deflationary mechanisms of the ecosystem, over 85% of the total ArbiFLUX supply has already been burned. To incentivize further participation, a total prize pool of 3,000 USDC will be distributed among the top five participants who burn the largest quantity of ArbiFLUX. ## Competition Prizes Rewards will be distributed to the top five addresses based on the quantity of ArbiFLUX burned: * **1st Place:** 1,000 USDC * **2nd Place:** 800 USDC * **3rd Place:** 600 USDC * **4th Place:** 400 USDC * **5th Place:** 200 USDC All participants' activity and statistics will be tracked and verified using the Layer 2 Mint Analytics dashboard to ensure absolute fairness. ## Participation Requirements To qualify for the prize distribution, users must complete the following steps before the deadline on December 18, 2021: 1. Lock at least 100 Layer 2 FLUX to initiate the minting process. 2. Keep the mint running continuously until December 18. 3. Mint ArbiFLUX at least once. 4. Burn ArbiFLUX at least once. This competition showcases how Layer 2 efficiency combined with user incentivized burning can effectively manage token supply velocity.