FIL investors can share mining rewards by providing pledged FIL. Data owners offer FIL+ data sources, while data preparers provide one-stop data migration services and transfer the data to SPs. SPs offer FIL+ mining services
FIL lenders can choose a FIL+ mining project to invest based on interest rates, mining period, miner comprehensive score, FIL+ data source and other criteria, and share mining rewards.
Lender and SPs mining rewards will be calculated and distributed based on FVM smart contract, all FIL rewards distribution can be traced by on-chain data to ensure the security and transparency.
Through FPL, SPs can not only find the funding to start a FIL+ mining project, but also the data preparers to obtain FIL+ data, each FIL+ mining project links to specific data sources.
FPL hopes to help more small SPs to launch new mining nodes in the Filecoin network and therefor makes Filecoin a more decentralized storage network.
The data owners can fund various SPs with new miner Ids, collect mining rewards while have its data stored in the most decentralized storage network.
Storage provider customizes interest rate, mining period and FIL+ data source, FIL investors choose FIL+ mining projects according to their investment preference
Find a FIL+ mining project that fits your investment preference
Check out the SP info, comprehensive score, FIL+ data and other mining project details
Deposit FIL to your platform FIL wallet address
Transfer FIL to this FIL+ mining project to finish the investment
If funding is complete before funding period expires, congratulations, you have successfully become a investor of this FIL+ miming project and will get your share of mining rewards. If the funding is not complete, the FIL you have invested will return to your FIL account
Share the FIL+ mining rewards based on the interest rate agreed upon, FIL+ mining rewards will be distributed weekly from the 6th week of the FIL+ mining
Get in touch with a Data preparer and get DC quota ready to begin a FIL+ mining project
Input the interest rate, mining period, DC info, SP info to start a FIL+ mining project funding applicaiton
FPL will perform a thorough KYB of the applicant and give the applicant its comprehensive score. FPL will list the application on the platform if the KYB was completed successfully. FPL will use 3rd tool to perform KYB check.
FIL lenders will fund the project if it fits their investment needs
If funding is complete before funding period expires, congratulations, you have successfully get funded for this FIL+ miming project. If the funding is not complete, the application will delisted from the platform.
Start a new miner ID, have its owner address replaced by the custodian FIL address and get this FIL+ mining project started. Share the FIL+ mining rewards based on the interest rate agreed upon, FIL+ mining rewards will be distributed weekly from the 6th week of the FIL+ mining