FAQ
all
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 do I get SFIL token?

SFIL has launched BSC and established a flow pool in Pancake.SFIL Dapp address: https://dapp.sfil.io/. Any decentralized wallet that supports Binance Smart Chain can open this DApp. 

What is the hashrate node number of SFIL hashrate?

SFIL hashrate node numbers are f0222611, f01782, and f035364.

What is the current issuance of SFIL? What is the current circulation of SFIL?

The current issuance of SFIL is 2.5 million.SFIL currently has 2 million in circulation. 

How long could SFIL hashrate mine?

SFIL could mine for a long time.

How much is the custody fee?

SFIL follows the common industry standards and charges a 20% custody fee.

Will the currency price affect the encapsulation cost?

About 90% of FIL's hashrate cost is pre-collateralized FIL. As the price of FIL becomes higher and higher, the encapsulation cost will become higher and higher.

What is the daily withdrawal limit of SFIL and FIL

No limit for now.

How is the SFIL income distributed?

1.SFIL official will take random quick shots of our holder’s addresses each day. Therefore, you must deposit SFIL in the wallet for at least 24 hours.2.Remember to authorize your wallet before buying SFIL on Pancake Swap. Otherwise, your depositing period will be counted from the moment you finish the authorization.3.All the rewards will be distributed to eligible addresses at 7:00 PM (GMT+8) the next day.Eg: If you bought SFIL on January 7 and deposited them in the wallet, then you’ll receive FIL as the mining revenue at 19:00, January 9 (UTC+8).

Is KYC required for withdrawal

No required.

Does the withdrawal need to be reviewed?

No review required.