## Celebrating One Year of FLUX The Datamine Network is celebrating the first anniversary of the FLUX token, which launched on June 8, 2020. Over its inaugural year, the ecosystem has successfully demonstrated its decentralized, ownerless model designed to manage inflation and promote network stability. To thank our long-standing community members, we are hosting a 20,000 DAM giveaway on Twitter. The giveaway will run for 72 hours, providing an opportunity for community participants to acquire the foundation token of our ecosystem. ## The Role of DAM and FLUX Our decentralized smart contract system operates without a central authority or single point of failure. The relationship between our core Layer 1 tokens defines this monetary system: * **DAM**: The foundation token has a capped supply of 16,876,779. Users lock DAM on Ethereum to mint FLUX. * **FLUX**: The utility token generated by locking DAM. FLUX can be burned by validators to boost minting rewards, helping balance inflation and token velocity. As we mark this milestone, the network continues to prove that sustainable, decentralized liquidity and proof-of-burn mechanics can solve tough on-chain inflation challenges.