How Does DMEX’s Joint Mining Product Work?

DMEX
3 min readMay 12, 2021

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Hello DMEXers. I’ve noticed that many of you are very interested in DMEX’s joint mining product. So today I would like to share more detailed information with you.

As a decentralized mining power financial service platform, DMEX endeavors to lower the entry barrier for the average users to participate in token mining, improve the capital utilization rate for the mining machine vendors, and increase the value of idle assets for the miners.

DMEX’s joint mining pool is a collection or a group of mining machine vendors and average users working together to increase their chances of earning high mining incomes. Through such pools, mining machine vendors combine their individual mining power resources with FIL or USDT from average users to achieve a desired FIL mining output. Think of joint mining as a crowdfunding for cloud mining powers.

Why should you choose DMEX’s joint mining pools?

Extremely low entry barriers

DMEX joint mining pools lower the entry barrier for the average users to participate in FIL mining. Not only can FIL owners stake FIL in the DMEX joint mining pools to obtain more FIL mining incomes, for those who do not own FIL, they can also simply stake USDT to mine FIL. Most other FIL mining products requires a expensive upfront collateral and a long waiting period, DMEX has eliminated all these barriers!

Mining income daily settlement

Users can stake USDT or FIL in the DMEX joint mining pools and earn mining income on a daily basis. The DMEX platform will allocate 75% of the total mining income toward user benefits, 20% toward mining machine vendors revenue and 5% toward platform service fees.

The APY could reach over 60%

Upon users’ staking behaviour, the joint mining pool will generate DLP as the deposit credentials. Users could deposit DLP in the Proof of Working (PoW) pool to obtain DMC. Users could further stake DMC to mine FIL. The annual percentage yields (APY) of DMEX joint mining pools could reach over 60%.

Users are free to deposit and withdraw their funds at any time

With increasing number of users staking FIL or USDT in the pools, the DMEX joint mining pools enter a maturity period with high capital liquidity. Users are free to deposit and withdraw their funds anytime they wish.

High transparency and low risks

The DMEX platform makes sure mining machine vendors provide effective and profitable mining power. Mining power vendors need to stake a corresponding amount of platform token DMC to be listed on the DMEX. In addition, mining power vendors are requested to submit all certification materials of their mining power to DMEX so as to protect users’ interest.

As a decentralized platform, DMEX platform is different from traditional centralized platforms. DMEX’s rules are enforced by the smart contracts. Users’ mining power assets on DMEX are secured by the Heco blockchain. Meanwhile, DMEX provides profitable effective storage power for its users. Users can purchase DMEX mining power NFT products or participate in the DMEX joint mining pools to earn mining income on a daily basis. What’s more, users are free to deposit and withdraw their funds anytime they wish. DMEX further improves users’ assets liquidity.

At present, DMEX‘s smart contract has passed the security audit of Beosin Security and CertiK. Beosin Security and CertiK are two world-renowned blockchain security companies. Beosin Security has audited famous blockchain companies such as the Antchain, Wanxiang Blockchain and WeBank, while CertiK provides audit service for TrueUSD、Terra and universal protocol.

Find out more about DMEX’s flexible and profitable mining power products today, visit dmex.finance or talk to us in our Telegram channel: https://t.me/DMEX_Chat.

Contact us:

Official website: dmex.finance

Telegram: DMEX Chat

Twitter: @DMEX_finance

Medium: dmex.medium

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DMEX
DMEX

Written by DMEX

DMEX is a decentralized mining power financial service platform utilizing DAO and smart contract to provide innovative DeFi and NFT products.

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