DMH Innovations Explained (Part 2): How Thitinun (NUN) Works by Daniel Mark Harrison

I would like to first of all thank the Editor of this site, Peter Osborne-White, for the opportunity to post the debut explanation for the Thitinun Token DMH&CO affiliate mining program. Peter is one of the world’s most highly-qualified journalists and it does us a tremendous tribute to have someone like him leading the effort to transform The Currency Journal into a site of innovation record.

I am under strict instructions to keep this post on point, so I will. This post concerns the way in which the Thitinun Token affiliate program by DMH&CO works.

A person is a member if they invest between 0.15 ETH and 1.49 ETH.

If the person invests 1.5 ETH or over then they may qualify for an affiliate status if they are in the Top 10 NUN purchasers that month (we may shift this to a weekly cycle soon depending on demand uptake).

If the person invests 1.5 ETH or more but does not qualify for affiliate status then they will qualify for investor status.

Affiliates are assigned investors in order of magnitude for the purpose of receiving bonus payments. Affiliates must keep committing the same amount of eth within the consecutive calendar month from the date of contribution to retain their linked investor wallets and their status as affiliates.

Investors receive bonuses paid in additional NUN ranging from 0.15 times their contributions (in the case of 1.5 ETH commitments) up to 150 times their contribution amount (in the case of 1500 ETH commitments).

Affiliate bonuses range from 0.15 times the investor (including the affiliate himself over and above his own investor bonus) contribution for 1.5 ETH purchase of NUN tokens to 15 times the investor’s contribution in the event of 150 ETH contributions or more.

All bonuses are paid along with purchased tokens weekly on the last calendar day of the week.

On the last calendar day of the month, that being any day that follows the last calendar day of the previous week, or if falling on the same day then the first day of the following month, a pre-stipulated percentage of the ETH will be used to buy up the underlying coin advertised (first month: Bancor). This will then be mined into the smart contract of the Synthnode for that coin. The Synthnodes will subsequently be sent to the Thitinun smart contract where every NUN holder can mine a proportionate share. Because Synthnodes generate continual additional SNs, the purchase of the coins contained inside the SNs is effectively a highly discounted purchase, so that for example, someone who purchased 8 ETH of NUN that month may after just two months receive triple or even more the value in the form of Bancor coins that are exchanged for the additional SNs that are gifted the new SN holder every time new investors purchase more.

Every month, there will be a small premine of Synthnodes (if you don’t know what those are go here and find out). This will be purchasable with PRE tokens sent to the ZUR-D smart contract address.

For investors who send 100,000 MNY to the Zur-Draft smart contract per wallet per month they will receive a bonus of 100% in NUN tokens on top of their purchase amounts. (NOTE: ZUR-D will only mine MNY once a year in order that there is not an excessive amount of MNY in supply. This will be the first week of February.) Typically, affiliates will not receive any bonus payments on this MNY bonus amount unless they send a corresponding amount of 1m DMHCO tokens to the ZUR-D smart contract. With 5m DMHCO sent to the ZUR-D smart contract, an affiliate can triple their own affiliate bonus. With 50 million DMHCO sent to the ZUR-D smart contract an affiliate can achieve bonuses from 1.5 times to 150 times their investors’ purchase sums. Finally, with a payment of 500 million DMHCO sent to the zur-df SMART CONTRACT (1 / year not as for the others which are required monthly) an affiliate can recruit one sub-affiliate of his choice per every month he has been an affiliate and he will receive a flat 25% override paid on top of the sub-affiliate’s NUN. (ZUR-D will only mine DMHCO once a year in order that there is not an excessive amount of DMHCO in supply. This will be the last week of December and ZUR-D will shortly therefore be closed to further DMHCO mining.)

A slight amendment may exist with respect to ZUR-D: we may create at any time another contract, TUK, that will receive the MNY, DMHCO and PRE tokens as a form of bonus qualification payments. If this is done then TUK will be distributed via ZUR-D so there is not need for ZUR-D holders to be unduly concerned by this potential amendment of the terms.

A whole lot of work now lies ahead, but it sure feels good to have a robust, working model. I would like to express my thanks again here to Alex, John and Amanda who I have come to know and like very much in recent weeks. Your vision, boldness and risk tolerance is inspiring – and that is coming from me! Have a Very Happy New Year everyone, and let’s make these Teslas corner like they are on rails. The market is wide open for the taking right now, that’s for sure. And so we will take it.

Please follow and like us:
0

About the Author

Daniel Mark Harrison
Daniel Mark Harrison is the creator of the world's first synthetic layer of the Blockchain, known as a Synthchain. He is also the co-founder of 2013 Proof-of-work Blockchain Zurcoin and the Chairman & CEO of DMH&CO. He is an occasional Guest Columnist at The Currency Journal.

Be the first to comment on "DMH Innovations Explained (Part 2): How Thitinun (NUN) Works by Daniel Mark Harrison"

Leave a comment

Your email address will not be published.


*