Datamall Chain puts forward a decentralized storage trade algorithm and a network mechanism to connect data storage needs with data storage services and uses the Proof of Storage Service (PoSS) algorithm for consensus, which can effectively converge various decentralized storage resources and present them to data storage demanders, ensuring that both the data storage supply side and the data storage demand side provide real data storage transactions. At the same time, the ecosystem governance token Datamall Coin (DMC) as a media and a value carrier of storage service transactions can fully mobilize and leverage the resource aggregation advantages of the decentralized storage trading market.
As the governance token of Datamall Chain, Datamall Coin (DMC) can be obtained through mining (i.e., providing storage space and consuming storage space). The total supply of DMC is 1billion, with 4 decimal places. To make DMC allocation more reasonable and better respond to various extreme situations, two auxiliary tokens (i.e., PST and RSI) are introduced in the process of the output, allocation, and storage service transaction of DMC, which makes the storage space transaction market more stable. PST and RSI can only be used inside Datamall Chain and will not circulate in the market.
A total amount of 1 billion DMC tokens will be minted, with 4 decimal places. DMC tokens are divided into four parts based on various factors such as incentives for miners, token holders and foundations.
By the final stage of the token release, we expect the miners hold 60%of total tokens, ecosystem and cooperation account for 20%, marketing and operation account for 15%, DMC Team holds the remaining 5%.
The DMC foundation does not pre-allocate any token for itself, yet in order to provide support to the developers and community members in the DMC ecosystem, a predefined percentage of the tokens mined will be allocated to the DMC foundation, which runs as a DAO. From the first stage, the allocations of miners in the total output of the stage has been increasing, and the allocations of the foundation has been decreasing and released linearly.
Take 6 months as a stage, from the first stage of releasing 36,000 DMC per hour and the hourly release amount continues to decrease with the time period, until the Stage11 DMC is fully released.
