Introducing Proof of Link (PoL) Mining and $DMSG

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DMSG is a meme coin on the ICP blockchain, fairly minted through the dMsg.net Proof of Link (PoL), with a maximum supply of 41.99 million tokens.

PoL rewards users for creating verified connections on dMsg.net, fostering genuine engagement and decentralization.

How does Proof of Link (PoL) Work?

  1. You must register a username to activate your dMsg.net profile page.
  2. Minting begins when another user visits your profile and sends you a message.
  3. Accepting the message request establishes a connection and completes the minting process, earning you mining rewards.
  4. Only one reward is generated per unique connection between users.
  5. Initial reward: 1 DMSG, with rewards halving every 21’000’000 blocks.
  6. Mining ends when rewards halve to 0.0001 DMSG at block height 293’999’999, capping total supply at 41’997’436.32 DMSG.
  7. No pre-mined DMSG—all tokens are generated through PoL mining.

Registering a username on dMsg.net costs a minimum of 100 PANDA, and creating a message channel costs 10 PANDA.

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We’d love to see DFINITY set up a profile on dmsg.net—a decentralized alternative to Linktree.

Benefits include:

  • Users can easily send you encrypted messages, with a 10 PANDA fee to deter spam.
  • You’ll also earn DMSG through Proof of Link (PoL) mining.

CC @dominicwilliams @Jan

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Proof of Link (PoL) Insights:

1. Social Capital as Proof:

Unlike PoW (computational power) or PoS (stake), PoL proves social connections. It turns relationship-building into a measurable contribution, aligning well with decentralized social and Web3 ecosystems.

2. Decentralized Promotion:

PoL encourages users to promote the platform through genuine interactions. Mining rewards are earned only by forming real connections, fostering organic growth.

3. Fair Incentives:

Similar to Bitcoin’s halving mechanism, PoL gradually reduces rewards over time, balancing incentives for early and late adopters, ensuring long-term ecosystem stability.

4. Challenges in Verification:

Ensuring genuine connections and preventing abuse is key. PoL can leverage on-chain identity and interactions for verification, but balancing security and user experience remains crucial.

PoL transforms social engagement into valuable contributions, driving decentralized growth and user participation. If executed effectively, it could become a new paradigm in Web3 consensus models.

What do you see as the biggest challenge for PoL?