July 11st

1. Fully decentralized

There are two levels of understanding for this complete decentralization. The first is that the entire product is developed based on smart contracts , so it is completely open-sourced and audited by third parties. It is a completely decentralized product.

The second is that the entire FilFi product is operated by FilFiDAO. FilFiDAO is also decentralized, co-organized and operated. So the entire product and operation is a completely decentralized process.

2. Based on FVM smart contract , the process is transparent and open

Fully based on FVM smart contracts , and then conduct online DeFi product research and development. Therefore, all product codes, including product implementation, and then to the product process, can be found online

For FilFi, we will reveal the whole process. First, we will list all the participant roles of the node. In our first version of FilFi, there were three roles in total. The first was called the sponsor, who was also the initiator of the node. The second is the node builder, which is our Fil holder, and then you can participate in this node by investing in Fil. The third is the operation of the node, which is the technical service provider. On FilFi, the information of the three parties is open and transparent. You can see who proposed this node, which SP is running, and what is the running status of this node. Second, the process of building a node the entire node is completely transparent.

3. How to achieve secure node co-construction

A security concept of our FilFi is born for investors. We will do everything possible to safeguard the interests of investors. Safety is the source of all income. You can imagine that if you participate in a project, but this project is an insecure one, then your income is not guaranteed.

The second is the product, smart contracts managed everything. Once the smart contract is written, it will be firmly implemented. The contract is immutable, and there are no human factors to interfere with it. It is impossible to have such a situation as black box operation. FilFi’s smart contracts manage storage sectors . We are also working with the official FBM team to build a clearing mechanism to effectively manage sector risks. In this way, it can also better protect the interests of investors, which is a benefit of our builders.

The third is the platform, and the whole process is very transparent. All of our investments are 100% flowing into smart contracts . We can clearly see the direction of each investment, and then view the distribution records of each incentive, eliminating all black-box operations, including everyone extracting incentives. Every sum above. It can be seen very clearly.

In terms of community, we are governed by decentralization, which is a decentralized way. Co-construction and sharing is a key parameter of an economic model that determines it through a voting mechanism. We use the technology ambassador mechanism plus the validator mechanism, which can greatly ensure the security of the entire sector.

For technical service providers, we also have strict KYC and deposit systems, that is, optional technical service providers have carried out very strict KYC certification in the community. We also have a very innovative system that is a deposit system for technical operation and maintenance, which ensures that some related rights and interests of technical service providers are not less than 10%. That is, we want to ensure that investors have a pledge in the entire cycle.

The organizer has to pay a 5% deposit, and the technical service provider also has to pay a 5% deposit. The total adds up to 10%, which is also a guarantee of a profit for our investors. Even if our node does not succeed in raising funds in the end, then during this period, a profit for our investors will be generated normally. This is also to ensure the safety of our investors to a greater extent, which is also in line with our FilFi security concept.

Then we are also approved by the technical ambassador, plus the verifier monitors 24 hours a day. Including our compliance construction, Hong Kong Lino Future Limited is responsible for the construction of the platform and products. We are in compliance with local regulation, and we will continue to build in accordance with the regulations. SXX Future Data is already our technical service provider, and then at GENESIS NODE1, GENESIS NODE2 and GENESIS NODE3 are operated by SXX Future Data. In the FREE NODE1, you can also see that it is operated by other SPs. In the future, we will also introduce more SP and then for everyone to carry out free combination, but also to a greater extent to ensure the safety of our nodes, but also to ensure a return of our investors.

The risk extreme is a very low probability, the risk of network discount rights, the SP stable income bundle plus the verification of technical ambassadors, plus the validator monitoring throughout the day, to a great extent, basically can see our sector is at low risk. Finally, in terms of policy risk, there is a risk of unclear policy in some areas, but we provide a global service, and the risk areas that we can freely choose are also inclined to provide application industries for service providers as a foundation, then our goal of promoting the network clearing mechanism near the Lino Future Limited laboratory is also to effectively manage industry risks. To significantly reduce the penalty coefficient of the maximum loss rate, in order to ensure a safe operation of our nodes, and then at the same time to ensure a specific return for the entire investor.

Next, I’ll show you a process on how to see all the nodes on the entire node. You can see that this is an official website of our FilFi, selecting the node plan. From this, this is a relatively complete one at present, and you can see it when you slide to the bottom. Including builder extraction incentives, it is annotated and includes on-chain messages when available.

From the signature of the first sponsor, then to the deposit of the sponsor, then to the signature of the technical service provider to deposit the operation and maintenance deposit, and then to the start of the pledge of the first builder pledge. It is the relevant message on a chain that contains it, and then the time of including it is very transparent. As long as we operate on the platform, it is recorded. Through this, we can click on the chain to see the message.

We are based on security considerations, which is also a manifestation of complete decentralization, and it is also more able to ensure a benefit for our investors. You can see that so many builders have already. If an incentive is extracted, then our incentives can also be extracted at any time, which is also a benefit for the builders to a greater extent.