Financial News
F3DAO Decentralized computing power trading platform for Web3.0
Blockchain technology has become an inaccessible part of social development, and will use this to build an efficient and reliable value transmission system, promote the Internet to become a network infrastructure for building social trust, and realize the effective transmission of value. As the value network of the blockchain, computing power is the infrastructure that carries the development of the digital economy, and computing power will empower the development of all fields of society in the future.However, for computing power investors, there is still a high threshold, not only need to pay high electricity and maintenance costs, but also need to have certain encryption expertise.
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The F3DAO project started with the Copyright of digital assets of FIL computing power. Through the Copyright of digital assets of FIL computing power, FILECOIN computing power can be confirmed and transferred. The project will integrate NFT, DeFi and FILECOIN mining to create an open computing power financial platform. F3DAO Hence the name.F3DAO confirms the computing power through Non-Fungible Token which effectively solves the problem that investors want to participate in mining but has a high threshold, so that investors can instantly access mining without purchasing expensive equipment or professional mining knowledge .There is no need to worry about electricity, which saves additional expenses such as hardware maintenance and regulatory barriers. One-click purchase of Non-Fungible Tokens can be realized through the web page, and mining can be earned anytime, anywhere.
F3DAO is committed to building a trusted, safe and efficient decentralized computing power trading platform, solving the core pain points of traditional cloud computing power platforms, and becoming a bridge connecting computing power suppliers and miners in the Web3.0 era, allowing everyone to be free and equal Participate in the mining of computing power and become the infrastructure builder of the digital world.
Redefine computing power and miner that ‘computing power is Non-Fungible Token,and NFT owner is the miner.’Through the Copyright of digital assets of computing power, F3DAO realizes the confirmation and transfer of computing power of miners, and at the same time allows computing power suppliers to lock in stable income in advance, so as to realize the benefits of computing power suppliers, miners, and platforms, and solve the pain point that computing power assets cannot be circulated.
F3DAO realizes computing power trading and mining revenue based on smart contracts. The computing power purchase, transfer and revenue are all executed by smart contracts without manual intervention.Create credible and secure products and services, provide secure wallet access functions, open source contract code and audited by professional institutions.The DAO governance model will be adopted, and the project governance rights will be handed over to the community and participants, including open source code, asset flow, personnel contribution, community voting, and governance results are undisturbed.Follow the Web3.0 specification and do not control user identity, data and assets.
F3DAO is the world’s first decentralized computing power platform. All NFTs correspond to mainstream digital currency mining machines, and the actual output of mining is all mainstream digital currencies. The physical mining machines corresponding to NFTs launched in the early stage are the most difficult mining technology which named Filecoin.Since the consensus mechanism of filecoin is proof of replication + proof of time and space, the node must prove to the main network that the data is truly and effectively stored. If the node cannot provide the correct proof of replication and proof of time and space, Some filecoin will be deducted as a penalty. The purpose is to To prevent various attacks by malicious nodes and node cheating, miners need to provide quality Filecoin as a pledge currency when encapsulating the Filecoin mining machine, with a cycle of 540 days. Although the mining difficulty of Filecoin is currently the most difficult of all mainstream currencies, the Filecoin mainnet has built a huge, rich, distributed and innovative ecosystem of participants, aiming to become “a distributed system that stores the most important information in human society. The grand vision of “Network” has gone further, especially in terms of data storage, proposal upgrades, and ecological applications.
By connecting with the head Filecoin miners, F3DAO ensures that the NFT purchased by users can be stable and continuously generate mining revenue.F3DAO anchors the mining pool computing power on the blockchain by combining NFT technology, so that the mining computing power can be non-homogenized to realize the confirmation and transfer of computing power, and allows miners to lock in stable income in advance, to realize the benefits of miners, miners and platforms.The essence of NFT is to digitally copyright real assets on the blockchain based on the programming code in the smart contract, use blockchain technology to confirm and measure rights, and realize the synchronous transfer of value and information on the Internet, therefore, turning computing power to be non-homogenization is a very innovative and down-to-earth profit method solves the core pain point that computing power assets cannot be circulated.At the same time, physical mining will cause unstable computing power due to equipment aging and wear during operation, which will affect everyone’s block revenue. If the mining pool computing power is anchored through NFT, this problem can be fundamentally avoided.
In line with the original intention of solving the problem of cloud computing power market, F3DAO will build a complete set of decentralized financial solutions for users participating in BTC, ETH, FIL and other blockchain computing power mining projects in terms of project design ideas, NFT, DeFi and DAO are the three core keys of the F3DAO project and the basis for the decentralized computing power trading market.In the future F3DAO V2.0, we will open a new era of “decentralized computing power NFT+”. At that time, the identity of the miner will no longer specifically refer to the node with the physical computing power product, and the income it obtains will no longer be a single mining income.Every user who holds a computing power NFT can participate in mining, enjoy mining income, and play with the multiple benefits brought by Defi, DAO and other fields.
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