DMA token mining program on ElastosDMA supernode announced

Elastos DMA
4 min readJan 27, 2021

It has been more than a year since the DMA team became an owner of Elastos Supernode. In the past 64 weeks, Elastos DMA Supernode has accumulatively gained 9370.837 ELA node revenue, and spent 763.093 ELA for node operation and maintenance. In accordance with the promise made during the campaign, after removing the node operation and maintenance costs, 75% of the distributable income is distributed to all voting supporters, that is, the cumulative reward is 6404.125ELA, and the team only retains 2262.937ELA.

The payout wallet address: EWDHJor9Ceuk4bSgoBFQHJBvYxc3g3cDEs

Real time dashboard: http://www.elastosdma.org/supernode/dashboard.html

We thank all supporters for long-term support and trust. In the past year, the DMA team has made a series of contributions as a solid ally of the Elastos ecosystem.

● Improve the decentralized e-ticketing platform — Uptick, and the decentralized e-commerce platform — CHOOSIT.

● At the beginning of the COVID-19 outbreak, the team quickly developed GreenPass to ease the spread of the virus in the global community. In the following months, we kept updating continuously, and have already cooperated in practical use scenarios such as schools, nursing homes, and airports.

● The DMA team launched OnSale, an NFT digital asset trading market, to provide a second-hand trading platform for the Cryptoname.

Now, we will bring you another surprise — the benefits and rights of Elastos DMA Supernode upgrade!

Benefits and Rights Upgrade

On the premise that the node profit sharing model remains unchanged, all Elastos DMA Supernode voters will be awarded additional DMA token. That is, when the ELA reward is distributed to all voters every week, additional DMA token reward will be distributed at the same time.

Voter income = 75% (total node income — node operation and maintenance costs) + DMA token

What is DMA token?

DMA token is a mixed fee and governance token of the DMA ecological system in Elastos. The token is issued in a fixed amount on the ELA-ETH sidechain, and distributed to the participants of the DMA ecosystem through mining. 1 billion DMA token are issued, and the current mining rate is 1 DMA = 0.001 ELA.

What is the role of DMA token?

Currently, the dApps launched by the DMA team include Uptick, CHOOSIT, OnSale, and GreenPass. DMA tokens will have usage scenarios in these applications. At the same time, with Elastos moving towards to DeFi, DMA token will actively participate in relevant DeFi scenarios.

● DMA token represents the privileges and rights of DMA community supporters.

● The DMA team will airdrop DMA token or other benefits to supporters periodically. The distribution principle will be based on the number of DMA tokens held by the community supporters.

● DMA token holders have the right to participate in voting on important matters in the DMA community.

● DMA token can be used as gas fee and special voucher in the ecological dApp supported by DMA in the future. The recovered DMA token will be automatically destroyed.

● The DMA team might use ELA to buy back DMA. The bought-back DMA tokens will be destroyed.

How to get DMA token?

1. Become a voter of the Elastos DMA Supernode: On the basis of the weekly share of ELA reward, voters will receive an additional amount of DMA token. Taking the current distribution amount as an example, the DMA team will distribute 160,000 DMA tokens to voters every week.

2. Set the ELA-ETH sidechain wallet address for receiving DMA token: DMA token can only be received after setting the address correctly.

Set up website:

https://www.elastosdma.org/supernode/dashboard.html

Notes: The DMA token is issued on the ELA-ETH sidechain. If you haven’t got an ELA-ETH sidechain address yet, you can download the LoyToken wallet to create one. LoyToken is your best choice to manage your tokens and digital assets on the ELA-ETH sidechain. You can use LoyToken wallet or Metamask wallet with ELA-ETH sidechain to manage ELA-ETH sidechain assets.

Loytoken Download Method

For Android and IOS users both can identify the QR code below to download.

Note: ios users need to download in the non-China app store

In the future, there will be more channels to obtain DMA token from the DMA-related projects. We encourage people to accumulate DMA tokens to gain benefits and rights in the future DMA ecosystem.

At the same time, we also hope to get more support from Elastos community members, and please vote for Elastos DMA Supernode! You can contact us at supernode@elastosdma.org.

Thank you for voting for Elastos DMA Supernode!

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Elastos DMA

Decentralised Digital Marketing and Commerce Platform