Key Takeaways
- Datamall Coin (DMC) is the governance token of Datamall Chain, an open-source blockchain platform that provides decentralized storage infrastructure for Web3 applications and DApps.
- The platform uses Proof of Storage Service (PoSS) consensus mechanism and Nash consensus to create a fair, decentralized data storage trading marketplace where prices are determined by supply and demand.
- DMC features advanced protocols, including CYFS, DSG, and DMC protocols, enabling fast data retrieval, large-scale distribution, and cross-chain compatibility across multiple blockchain networks.
- The project was founded in 2021 by experienced blockchain developers, including former Thunder engineers, with $3 million raised in pre-seed funding from OKX Ventures, Draper Dragon, and Gate Ventures.
- With a maximum supply of 1 billion tokens and current trading on major exchanges like Gate.io, LBank, and BitMart, DMC aims to become essential infrastructure for Web3 data storage.
Datamall Coin (DMC) represents a significant advancement in decentralized storage solutions, addressing critical infrastructure needs for the growing Web3 ecosystem. The project has gained notable traction through partnerships with major industry players and recognition of its partner Fog Works as a top 15 data storage startup.
Recent developments include DMC’s expansion beyond Layer 1 to embrace Layer 2 solutions, collaborating with Fog Works to deploy smart contracts for storage applications on EVM chains. The platform introduces the Gigabyte for a Week Token (GWT) as a fundamental unit for storage services, enabling existing DMC chain storage resources to serve public chains.
As of March 31, 2025, DMC trades at approximately $0.0024 with a circulating supply of 383 million tokens and a market capitalization of around $920,000.
What Is Datamall Coin?
Datamall Chain is an open-source blockchain platform designed to revolutionize data storage and sharing in the Web3 era. The project aims to build a decentralized multi-chain storage network that unlocks the potential of data while ensuring users maintain complete ownership and control.
Unlike traditional centralized storage systems, Datamall Chain creates a marketplace where storage providers and consumers can interact directly through smart contracts and incentive mechanisms.
The platform addresses fundamental problems in current storage infrastructure, including lack of transparency in pricing, insufficient data security, and centralized control that can lead to data exploitation.
Datamall Chain’s decentralized approach ensures higher availability, enhanced security, better privacy protection, and lower costs compared to traditional centralized storage solutions. The ecosystem consists of three core layers: the storage application layer for user interfaces, the storage transaction layer for matching supply and demand, and the storage service layer for actual data storage.
DMC serves as both a utility and governance token within this ecosystem, enabling users to purchase storage services while allowing storage providers to earn rewards for offering their spare capacity. The token facilitates real data storage transactions and supports the platform’s goal of becoming essential Web3 infrastructure.
Who Is Behind Datamall Coin?
The Datamall Chain project is led by a team of experienced blockchain and technology professionals with extensive backgrounds in decentralized systems.
Zhicong Liu serves as the founding engineer and Chief Architect of CYFS, bringing deep expertise from his previous role as Chief Engineer at Thunder, where he developed significant experience in decentralized data transmission and storage technologies.
Victor Chen chairs the DMC Foundation and serves as Chief Technology Officer of UNISWDC and CEO of Santa Clara Tech Co., contributing over 20 years of entrepreneurial experience in technology industry leadership.
Xinglu Lin leads Fog Works as CEO and brings entrepreneurial experience as co-founder of multiple successful companies including DoNews, 265.com, P.cn, Beijing Xinen Technology, and Shenzhen Xiaoqiu Technology.
The project benefits from senior advisors including William Entriken, the main author of the ERC-721 standard and core developer in the Ethereum community, and Zainan Victor Zhou, main author of the ERC1202 voting standard and founder of AlephCrypto.xyz.
Strategic partnerships strengthen the project’s foundation, with backing from OKX Ventures, Gate.io, BIT Mining, IPFSMain, and BCT Inc. These partnerships provide access to extensive user bases and industry expertise, supporting the DMC storage ecosystem’s development and accelerating the industry’s transition toward Web3.
How Datamall Coin Works: A Technical Explanation
Datamall Chain operates through a sophisticated multi-protocol architecture that combines the CYFS (Cyber File System) protocol, DSG protocol, and DMC protocol to create a comprehensive decentralized storage solution.
The CYFS protocol represents next-generation decentralized technology that upgrades traditional Web protocols (TCP/IP+DNS+HTTP) to build a completely decentralized and free Web3 environment.
This foundational layer enables the creation of fully decentralized applications while providing powerful storage behavior incentive mechanisms and capabilities for quick retrieval and large-scale data distribution.
The platform’s consensus mechanism, Proof of Storage Service (PoSS), ensures network security and fairness by requiring miners to stake DMC tokens to mint PST (Proof of Storage Time) tokens.
Miners use PST quantities to generate voting rights, which determine their selection as consensus nodes and their eligibility for rewards based on actual storage services provided. This system prevents fake storage claims and ensures only genuine storage providers participate in the network.
DMC’s innovative Nash consensus mechanism creates a truly decentralized storage trading marketplace where prices are determined purely by supply and demand forces. Storage providers publish orders with their own pricing and terms, while storage consumers can freely choose preferred providers based on capacity, cost, and contract duration.
The system includes auxiliary tokens PST and RSI that operate internally to stabilize the storage market without external circulation.
The platform implements storage challenges to verify data integrity, where consumers can randomly select data sections and providers must produce hash values proving data storage. Failed challenges result in contract termination and provider penalties, while successful verification ensures continued rewards.
This mechanism guarantees data persistence and provider accountability without requiring constant on-chain verification.
Current Status Of Datamall Coin In The Wider Ecosystem
Datamall Coin is uniquely positioned in the decentralized storage sector by focusing on real data transactions and cross-chain interoperability. The project differentiates itself from other storage solutions by emphasizing practical utility rather than theoretical capabilities, with hundreds of thousands of active users within its first year of testnet operation.
DMC’s approach to creating a decentralized storage exchange network addresses market inefficiencies that plague many existing solutions, including opaque pricing and insufficient liquidity.
The platform’s integration with major exchanges provides accessibility for both retail and institutional participants. Recent recognition of partner Fog Works as a top 15 data storage startup validates the ecosystem’s growing reputation and technological capabilities.
The project’s expansion to Layer 2 solutions and EVM chain compatibility positions it to serve broader blockchain ecosystems beyond its native chain.
Within the broader Web3 infrastructure landscape, DMC addresses critical gaps in data storage that limit decentralized application development and adoption.
The platform’s multi-chain approach enables existing storage resources to serve various public chains, potentially becoming essential infrastructure as Web3 applications require reliable, cost-effective storage solutions.
The project’s emphasis on real data transactions and user data ownership aligns with growing demands for privacy and decentralization in digital services, positioning DMC as a practical solution for enterprise and individual storage needs.
Datamall Coin’s (DMC) Price Journey
DMC reached its all-time high of $0.2301 in August 2023, shortly after its initial exchange listings and during a period of increased interest in decentralized storage solutions.
The token experienced significant volatility throughout 2024 and early 2025, with price movements influenced by broader cryptocurrency market trends and specific project developments including partnership announcements and technological upgrades.
The token has shown recent price recovery patterns, with notable increases of 32.4% over seven-day periods and 48.1% over thirty-day periods as of recent data.
Price movements have been supported by increased trading volumes and growing recognition of the project’s technological capabilities, though the token remains significantly below its historical peaks, reflecting both market conditions and the project’s early-stage development status.
Current Data & Interesting Statistics About Datamall Coin
- Circulating Supply: 383 million DMC tokens out of 1 billion maximum supply, representing 38.3% of total planned token distribution
- Trading Volume: Daily trading volume of approximately $100,000 across supported exchanges, indicating steady market activity
- Price Performance: 95% gain over one year despite recent market volatility, showing long-term growth potential
- Market Position: Ranked approximately #3717 on CoinGecko with a market capitalization under $1 million
- Exchange Availability: Currently tradeable on Gate.io, LBank, and BitMart with DMC/USDT as the primary trading pair
- Team Token Allocation: DMC Foundation holds only 5% of the total supply, with 60% allocated to miners and 35% for ecosystem development
- Network Activity: Hundreds of thousands of active users recorded within the first year of testnet operation
What Is The Future Of Datamall Coin?
Datamall Coin’s roadmap focuses on expanding storage capacity, improving efficiency, and attracting both business and personal users to the DMC network. The project aims to establish and support large-scale decentralized applications based on DMC storage infrastructure, positioning itself as essential Web3 infrastructure.
Key development areas include DAO implementation, chain governance optimization, multi-chain wallet development, and expanded exchange listings. The platform’s cross-chain capabilities and partnerships with major industry players provide strong foundations for growth as Web3 adoption accelerates.
Success factors include continued technological advancement, user acquisition, and maintaining competitive advantages in the rapidly evolving decentralized storage market.
DMC’s emphasis on real data transactions and practical utility positions it to capture significant value as organizations increasingly require reliable, decentralized storage solutions for digital transformation initiatives.
Datamall Coin & Decentralized Storage
Datamall Coin is a compelling solution to critical Web3 infrastructure challenges, combining proven technology with practical utility in the growing decentralized storage market.
The project’s unique approach to creating a fair, transparent storage marketplace through Nash consensus and Proof of Storage Service consensus mechanisms addresses fundamental problems that limit current storage solutions.
With experienced leadership, strategic partnerships, and growing user adoption, DMC demonstrates potential to become essential infrastructure as organizations and individuals increasingly require secure, cost-effective alternatives to centralized storage providers.
The platform’s multi-chain compatibility and emphasis on real data transactions position it advantageously for long-term growth as Web3 applications mature and require reliable storage foundations.
DMC’s combination of technological innovation, practical utility, and strategic positioning makes it a noteworthy project for investors and users seeking exposure to the evolving decentralized storage sector.
Michael Crag
