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FAQ

FAQ

What is SFIL?

Filecoin Standard Full Hashrate Token (SFIL) is a token collateralized by real Filecoin hashrate. Every SFIL is pegged to 0.01T Filecoin full hashrate. Once you hold SFIL in the wallet, you can get free FIL each day. Additionally, it is a token that has no liquidation risks and high-value leverage capability in the secondary market.

What is SFIL's Underlying Value-added Logics?

SFIL is The First Filecoin Standard Full Hashrate Token. Every SFIL is pegged to 0.01T Filecoin full hashrate. Therefore, every SFIL is a value token supported by real hashrate assets. Of the cost of Filecoin's hashrate, about 10% is the cost of the machine, and about 90% is the pledged FIL. As the price of FIL increases, the price of SFIL will rise, and users will also enjoy the asset appreciation brought about by the increase in FIL price.

What is the Revenue Superimposing Index of SFIL?

SFIL strictly follows the official Filecoin revenue distribution rules. That is, 25% of the daily mining income will be released immediately, and 75% will be released in 180 antennas.On February 1, 2021, SFIL mining officially started and the linear releasing part will be counted ever since. As time goes by, the Revenue Superimposing Index becomes larger.For example,From February 1st to March 3rd, SFIL has been mining for 30 days, and the superimposed index is 30. So far, it has exceeded 180 days of mining, and the superposition index is 180.

Why can SFIL realize sustainable mining?

The cost of Filecoin hashrate includes storage hardware, GAS, and pledge coins. After the 540-day encapsulation of the sector expires, it can be encapsulated again to continue mining. There is no need to repeatedly invest in storage hardware and pledge coins, only a small amount of GAS is required. Therefore, FIL hashrate can technically realize sustainable mining.At present, most hashrate service providers do not support sustainable mining. It is not technically impossible, but a design problem in the business model.

How long does it take to unlock the stake?

Deposit whenever you want.

How long does it take to unlock the stake?

Deposit whenever you want.

Can SFIL withdraw to other wallets?

Yes, you can withdraw any wallet that supports SFIL.

Does the withdrawal need to be reviewed?

No review required. 

Is KYC required for withdrawal

No required.

How is the SFIL income distributed? (UTC/GMT+08:00)

The wallet takes a snapshot at 18:00 every day, and another snapshot at 18:00 the next day. Take N random snapshots at any time in between to confirm how many SFILs are stored for 24 hours. The previous day's income is reversed at 19:00 every day. 

What is the daily withdrawal limit of SFIL and FIL

No limit for now.