DMC chain utilizes the utility token native to DMC. The utility token is used for Storage Service,Data Trading,Eco-Storage Application Service,Community Governance,Storage Deposit. The token allocation is shown below.
You can see the exact numbers at each stage to the miner&user and the foundation in below sheets.
Release Schedule
Stage
Estimated Time
Stage Release
Total Release
Percentage
1
01.2022-06.2022
155,520,000
155,520,000
15.55%
2
07.2022-12.2022
142,560,000
298,080,000
29.81%
3
01.2023-06.2023
125,280,000
423,360,000
42.34%
4
07.2023-12.2023
93,960,000
517,320,000
51.73%
5
01.2024-06.2024
70,470,000
587,790,000
58.78%
6
07.2024-12.2024
52,852,500
640,642,500
64.06%
7
01.2025-06.2026
118,918,125
759,560,625
75.96%
8
07.2026-12.2027
89,188,593.75
848,749,218.75
84.87%
9
01.2028-06.2029
66,891,445.31
915,640,664.06
91.56%
10
07.2029-12.2030
50,168,583.98
965,809,248.05
96.58%
11
01.2031-06.2032
34,190,751.95
1,000,000,000
100%
Stage
Miner&User
Foundation
1
30%
70%
2
40%
60%
3
50%
50%
4
55%
45%
5
60%
40%
6
70%
30%
7
75%
25%
8
80%
20%
9
90%
10%
10
95%
5%
11
95%
5%
Total
Member
598,159,889
401,840,111
Percentage of Total Member
60%
40%
DMC Transaction Model
Token in DMC
DMC
Datamall Coin (DMC)
As the token is designed for global decentralized storage market, DMC (Datamall coin) represents the actual data storage service capability, and the invisible hand to match up supply and demand for storage needs. With DMC, you can purchase storage services; and vice versa, if you have spare storage space, you can make it available to earn DMC; or you may do both. The decentralized storage market built by this project provides users with a safe and efficient storage service that is not controlled or exploited by any single entity.
A total amount of 1 billion DMC tokens will be minted.
The token release speed slows down as the decentralized storage market matures. We expect the market run with less and less incentives and eventually governed completely by DAO.
PST
Proof of Service TokenοΌPSTοΌ
PST is the proof of service token. 1 PST represents a standard unit of storage service, that is, 1 PST corresponds to the storage service capacity of 1G for 7 days. MPs need to stake DMC through the PST Maker Contract to mint PSTs. PSTs cannot be transferred, with 0 decimal places.
When trading PST, the system will provide one reference price. The reference price is 50% of the storage price of Amazon AWS.
The price of DMC may fluctuate, but PST, as a proof of service token, represents unchanging storage capacity. The unit price of PST may fluctuate with changes in DMC.The price of DMC that is Off-chain data is inputed via oracles.
The PoSS consensus algorithm uses the quantity of the minted PST by staking DMC to proportionally generate the corresponding number of voting rights, and ranks the nodes accordingly to continuously select a certain number of MPs who actively provide storage services as the consensus nodes and give them incentives according to the reward rules.
For details about PST casting and its relationship with DMC, please refer to the Yellowpaper.
RSI
Real Storage Incentive (RSI)
In order to build a decentralized storage market that can evolve and flourish benignly, it is necessary to provide incentives for both sides of the storage transaction. We propose an incentive for real storage transaction behavior, called Real Storage Incentive (RSI).
RSI is the reward for MCs, MPs and LPs and it is similar to the reward points in the system, with 4 decimal places. MPs or MCs can obtain RSI by issuing news orders, trading, etc. The tradable token pair so far is: DMC/RSI. The amount of DMC swapped by RSI is fixed every day and RSI is periodically boughtback and burned.
This mechanism works similarly to decentralized exchanges (DEX) and aims to provide a smoother and fairer exchange experience.
The Foundation has made corresponding adjustments to the exchange pool based on the current network storage space, the daily production of RSI, and the daily release of DMC. The purpose of these adjustments is to ensure that during the storage growth phase, regardless of which MP, at any given time, and with any amount of RSI used to exchange for DMC, there will be no significant deviation in the exchange rate.
Business Model
Miner the consumer (MC) ββ Data storage consumer
Miner the provider (MP) ββ Storage Service Providersclear
Limited Partners (LP)
Miners use DMC as a deposit to mint PST and publish the demand on the DMC chain. Users use DMC tokens to purchase PST storage services on the DMC chain. Users and miners deliver data off-chain and reach consensus on the chain. When the transaction reaches a consensus, both users and miners will receive incentives on the chain.
During the process of pledging DMC to cast PST, miners can open LP to receive investment, increase the pledge rate and obtain higher returns.
