Standard hashrate token SFIL: Makes Filecoin mining simple | Online Classroom

On January 27, 2021, SFIL co-founder Bit Gu visited the live broadcast room of Lieyun Finance Online Classroom and brought everyone wonderful and informative sharing.

The following is the sharing record (edited):

Host: Good afternoon, everyone! I am Yu Meng, the host of Lieyun Finance Online Classroom. Lieyun Finance is a vertical blockchain media under Lieyun Group. It has many popular brand columns, and its in-depth interview articles are also highly recognized by the industry. Online and offline activities are also held regularly. Welcome to cooperate with us.

The theme of this sharing is "SFIL's first Filecoin standard computing power token on the entire network", and the guest we invited is Bit Gu, the co-founder of SFIL.

First, please let Bit Gu give a brief self-introduction.

Guest: Hello everyone, I am Bit Gu, the co-founder of the SFIL standard computing power token. I have been engaged in blockchain brand services for four years and have served more than 50 leading blockchain brands including Huobi, Binance, and OK. Before entering the blockchain industry, I have also been engaged in brand services.

01

SFIL is a new species

Moderator: Now we will start the Q&A session. What is the SFIL standard computing power token?

Guest: First of all, I need to emphasize that there is an essential difference between SFIL and cloud computing power. SFIL is first a token with investment attributes, and then has FIL mining function.

Specifically, SFIL is a standard full storage computing power token anchored to Filecoin computing power. Each SFIL is anchored to 0.01T Filecoin full storage computing power. Users holding SFIL can obtain corresponding Filecoin mining income. At the same time, users can also trade SFIL in the secondary market and release their capital liquidity at any time. This is the basic meaning of SFIL.

Many people compare SFIL with cloud computing power, but the logic is different. If you want to buy cloud computing power, I see that there are many excellent service providers in the group, and you can directly purchase cloud computing services from them. However, holding SFIL has a different meaning, it is a brand new species.

Host: What is the original intention of launching the standard computing power token project?

Guest: I believe that some people in the group are very familiar with FIL, but there are also many friends who are not familiar with it. If you are a newbie and now invest in FIL mining, you will face many problems, such as pledged coins, gas fees, packaging time, mining contract cycle, custody fees, mining efficiency, etc.

Moreover, there are indeed many service providers with varying quality in the market. Each provider has different solutions. Of course, some even worse, FIL cannot be mined at all.

The original intention of SFIL's creation is very simple. The SFIL standard computing power token is committed to breaking the black box of the Filecoin mining industry, and jointly building industry standard computing power with priority mining service providers, making Filecoin mining no longer complicated.

02

Tokenization of computing power allows for better liquidity

Moderator: What industry problems does SFIL mainly solve?

Guest: There are currently two major problems in the Filecoin mining industry: First, the Filecoin mining industry lacks standards, information is opaque, and there are many black boxes that restrict the development of the industry; second, Filecoin miners lack capital liquidity, and computing power lacks an efficient circulation market.

SFIL lowers the threshold for Filecoin mining, establishes Filecoin mining standards, and expands the Filecoin mining industry ecosystem through a set of standard computing power mechanisms.

At the same time, by tokenizing computing power through SFIL, miners can have better capital liquidity.

Host: How do users holding SFIL obtain Filecoin mining benefits?

Guest: One SFIL is anchored to 0.01TFilecoin mining power. Users holding SFIL can enjoy the corresponding Filecoin computing power. Currently, users can obtain corresponding computing power mining income every day on SFIL-cooperating exchanges.

Briefly explain why SFIL has investment attributes and where does its value-added logic come from?

Let us illustrate with an example:

For example: a total of 1 million SFILs correspond to 10,000T computing power. According to 0.125FIL/T/24h, the daily mining income is 1,250FIL. After deducting 20% ​​management fee, the total mining income of 1,000 FILs is distributed to users every day.

According to the rule of 25% immediate release and 75% linear release over 180 days:

The amount of FIL that can be allocated in the mining income pool is (assuming that there is no new computing power during the period, and it has always been 1 million SFIL):

FIL mining allocation on the first day: 250+4.16*(1-1)

FIL mining allocation on the second day: 250+4.16*(2-1)

FIL mining allocation on the third day: 250+4.16*(3-1)

FIL mining allocation on the 4th day: 250+4.16*(4-1)

......

You will find that as time goes by, the daily distributable mining income of SFIL holders is constantly increasing. Therefore, the value of SFIL will also increase over time, because the mining income represented by SFIL will continue to increase every day in the future.

If there is no new computing power, a peak will appear after 180 days, and then it will enter the average state.

If there is new computing power every day, the distributable mining income of SFIL will continue to increase, so the distributable mining income represented by SFIL will also increase. So, is the price of SFIL increasing in value?

Therefore, SFIL is first of all a token with investment attributes, and at the same time, it has the function of mining income. It is fundamentally different from cloud computing power. Hold SFIL, be a friend of time, and enjoy continuous FIL mining income.

03

Create an efficient, transparent and reliable FIL computing power market

Host: What is the difference between SFIL and Filecoin cloud computing power on the market?

Guest: SFIL is different from cloud computing in several ways:

First: SFIL is full storage computing power, which can be mined immediately after purchase, without packaging time. Every SFIL held can enjoy the same full storage mining income.

Second: SFIL is a perpetual mining contract. Holding SFIL allows you to enjoy long-term mining benefits, which is different from the 360-day and 540-day mining contracts on the market.

Third, SFIL is a computing power token that can be traded and circulated at any time, which is a liquidity function that cloud computing power does not have.

Fourth, SFIL is not cloud computing power. SFIL is a token with investment attributes and intrinsic value-added logic. If you want cloud computing power, there are many excellent service providers in the group. If you want to hold a standard computing power token, you can learn about SFIL.

The mining computing power income represented by the SFIL in circulation will enter the mining income pool and be distributed to users holding SFIL. The allocation rules are very clear, and the miner node number is also public, and the daily mining efficiency can also be checked and calculated.

Host: What is SFIL's next development plan? And its potential?

Guest: SFIL will be listed on a leading exchange with relatively good liquidity in the near future, and will continue to be listed on more leading exchanges to provide miners with better computing power liquidity.

SFIL will also promote the Starry Project and seek excellent mining service providers around the world to provide standard computing power services to miners in accordance with the SFIL computing power standards.

The Starry Plan is to expand SFIL's mining pool cluster and select professional service providers with solid data and mining efficiency that meets SFIL standards to serve miners. Only when more excellent computing power comes in, more SFIL will be minted.

As far as I know, many FIL mining pools are under great pressure on cash flow.

Of course, there is a hard standard for miner nodes that can enter the Starry Project mining pool cluster, that is, the average annual mining income must be higher than the average mining average of the entire network. This is also a basic guarantee for the income of miners holding SFIL.

So, what is the standard? The standard must be formulated by the industry's top service providers to standardize industry standards and make FIL mining simple.

In addition, SFIL will also launch the FIL standard computing power + DeFi platform, and through technical means, more off-chain computing power assets will be mapped to the chain, thereby creating a more efficient, transparent and reliable FIL computing power market.

Host: Which exchanges will SFIL be listed on?

Guest: SFIL will be launched on Gate.io on January 29. Gate is a leading exchange involved in Filecoin mining at an early stage, and we are also happy to cooperate with Gate.

Host: What is the correct approach for user participation?

Guest: Register for Gate now and prepare to participate in a series of online activities we are cooperating with Gate.

Host: Thank you for the wonderful sharing!