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The Next-generation Decentralized Storage Public Chain Datamall Chain’s Token DMC is Getting Listed on Exchanges

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With the information digitization in the Web2 era, the importance of data has become crucial in improving efficiency and promoting productivity development. In the Web3 era, the significance of data is even more pronounced, and the value of digital assets has been proven. Therefore, in this digital economy era, new requirements and challenges are being posed for data storage and utilization.

To meet these demands, Datamall Chain (DMC) plans to create a brand new decentralized data storage system and provide an accompanying economic model.

What is Datamall Chain (DMC)?

Datamall Chain is a next-generation decentralized storage public chain with the DMC token serving as a utility token,  aiming to incentivize all Web3 real data transactions and provide a stable, reliable, and secure decentralized storage infrastructure for Web3, enabling users to securely store and exchange data. DMC fully leverages the decentralized nature of blockchain technology and the automation capabilities of smart contracts to offer a novel solution that emphasizes data ownership and reliable data transactions.

Within the industry, DMC has achieved a groundbreaking milestone by implementing the authentic right of data storage, allowing users to have ownership and control over their data and establishing a solid foundation for data security. Furthermore, DMC utilizes Nash-Consensus and applies market mechanisms of supply and demand to blockchain technology for the first time. This allows anyone to provide storage services by sharing their own hard drive and bandwidth resources and receive incentives in return.

How does Datamall Chain operate?

DMC provides an on-chain platform for matchmaking storage transactions. Miners the provider (MPs) contribute their own storage space and stake DMC tokens to ensure the security and durability of the data in order to provide guarantees for storage transactions. Miners the consumers (MCs) utilize DMC tokens on the platform to purchase storage space from MPs and store their own data. Once a transaction is completed, both parties continuously receive DMC rewards based on the size of the space, incentivizing MPs to provide genuine storage space and promoting active trading of authentic data. Through the market mechanism based on Nash consensus, DMC establishes an open and transparent storage trading marketplace, reducing storage costs and achieving decentralized storage services. Furthermore, this mechanism differentiates storage spaces of varying qualities, enabling users to easily find the most suitable storage space for their needs and facilitating convenient data storage and retrieval through the graphical interface of the application.

Product in DMC ecosystem: Foggie, the personal web3 terminal

The first product launched in DMC ecosystem is Foggie, the personal WEB3 terminal, which provides users with powerful tools for managing personal data in the Web3 world. Foggie's significance in Web3 is equivalent to that of a smartphone in the mobile internet. It makes user participation in the WEB3 world more convenient. Foggie has multiple features, including:

• Wallet: Convenient for users to manage digital assets and conduct secure and convenient transactions.

• Store And Data Ownership: Users can store personal data in Foggie and achieve data ownership.

• Data Authorization, Sharing, and Selling: Users can autonomously decide the scope of data authorization, enabling data sharing and selling while protecting personal data rights.

• Share Hard Drive and Bandwidth: Users can share idle hard drive and bandwidth resources to help others store data while receiving corresponding rewards.

• Purchase and Use of Miner Space: If their own space is insufficient, users can purchase miner’s space to meet their data storage needs while achieving data ownership through smart contracts.

• Computational Power, Storage, and Bandwidth Resources for Running Dapps: Users can leverage Foggie's computational power, storage, and bandwidth resources to run various Dapps, such as on-chain tools, websites, games, social platforms, and streaming services, and earn exclusive rewards from Dapps.

The first Dapp integrated into Foggie is called Drops, a one-click NFT minting tool. With Drops, users can easily turn any data uploaded to Foggie into an NFT with just a few simple steps, and performing data storage, sharing, trading, and rewarding operations. Drops allows users to effortlessly transform their data into NFTs, own ownership rights over their data, and benefit from the liquidity and value of NFTs. Additionally, by issuing relevant NFTs, users can control data access authorization, ensuring data security and privacy.

In the future, Foggie will also support other Dapps:

Personal AI: Foggie will run a user's personalized AI model, utilizing the personal data stored in Foggie to train an AI robot tailored to the individual. This will enhance productivity and convenience in personal life while ensuring data security. It aims to promote the widespread adoption and practical application of AI.

Conclusion: the future of DMC and Web3

DMC will collaborate with the entire Web3 community to provide stable and reliable storage infrastructure for Web3 projects, users, and developers, enabling users to benefit from the Web3 ecosystem.With the efforts of DMC, the development of Web3 will flourish, the digital economy will continue to thrive, and the value of data will be realized. DMC token listing on centralized exchanges marks a significant milestone in the blockchain industry, and we look forward to its positive impact on the future development of the digital economy.

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