Three Minutes to Understanding HashFi: BSC Eco-Calculus Financialization Protocol

Based on the standard arithmetic tokenization, HashFi provides users with various revenue models such as arithmetic mining and liquidity mining, and will gradually launch a variety of derivative tools to meet the diversified needs of users.

With the cryptocurrency market showing explosive growth, mining has sparked more and more interest from entrants.

According to analysis of Coinmarketcap and Bitinfochart data, digital currency mining does offer better and safer cash flow and returns than buying coins directly, but the field is now becoming increasingly specialized and has higher technical and capital barriers, causing many average investors to shy away from it.

For those who are in the cryptocurrency and blockchain industry, one of the most commonly heard words is arithmetic. Currently, there are two main arithmetic business models in the crypto market, one is to buy mining machines directly and use them to mine arithmetic; the other is to buy cloud arithmetic, where users only need to buy “arithmetic packages” and sit back and wait for the revenue, without considering additional things such as mining machines and electricity costs. However, the former has huge investment costs and is susceptible to many market uncertainties, while the latter usually has an entry and exit period during which there is hardly any liquidity available, so it is not the best solution for both the provider and the buyer of arithmetic power.

Now, a new ‘play’ has surfaced, and it’s called an arithmetic coin. A coin is a token mapped from actual arithmetic power, and holding a project’s coin is equivalent to holding “corresponding mining arithmetic power”, and the output revenue is linked to the daily mining revenue. Unlike traditional cloud arithmetic services, this model incorporates DeFi, which is equivalent to pledging real-world assets first and then generating tokens on the chain, thus providing more liquidity from the cryptocurrency industry for the originally small circulation of arithmetic assets.

There is no doubt that an arithmetic coin solution that meets the needs of all parties will open up new opportunities for the cryptocurrency mining market – and that is exactly what HashFi is trying to achieve.

What is HashFi
HashFi is an arithmetic financialization protocol based on the Binance Smart Chain ecosystem. Based on the standard arithmetic tokenization, HashFi provides users with various revenue models such as arithmetic mining and liquidity mining, and will gradually launch various derivative tools to promote the financialization of traditional arithmetic and meet the diversified needs of users.

Through deep integration with decentralized finance, HashFi aims to rebuild the mining industry infrastructure, enhance the financial attributes of arithmetic assets, adapt to the diversified needs of participants, and then promote the accelerated development of the entire ecology. A flexible and comprehensive incentive and governance system.

HashFi’s operation mechanism
HashFi uses a dual token model, one token is Ethereum Standard Hashrate Token (“ETHST”) and the other token is HashFi Token (“HFI”), the former is a homogenized token secured by standard Ether arithmetic, 1 ETHST is anchored to 1 MH /s of Ether arithmetic, with an energy ratio of 3W/MH; HFI is HashFi’s platform-native token, designed to provide incentives for community members who actively participate and empower the ecosystem, in addition to being a utility platform token. Let’s take a look at the mechanics of HashFi’s arithmetic coin.

ETHST is a tokenized standard token with no cap on the number of tokens that can be issued, but each ETHST token is tied 1:1 to the real ethereum count owned by HashFi, and holding an ETHST token is legally and functionally equivalent to having the corresponding count. As a standard token, ETHST can be traded on decentralized exchanges or centralized exchanges, creating a real-time market for Ether arithmetic with free access and low transaction costs, and bringing effective liquidity to the Ether mining industry.

The base income of ETHST is the net income from participating in ETH mining by using anchored arithmetic, which is a kind of “ETH net”, i.e.: mining energy minus electricity, pool fees and mine hosting fees. In addition, 10% of the net mining revenue will be used to develop the HFI ecosystem. The following chart illustrates the mining revenue stream of ETHST.

Three Minutes to Understanding HashFi: BSC Eco-Calculus Financialization Protocol

Daily Net Mining Bonus = Daily Mining Bonus – Daily Costs (daily costs include pool fees, electricity and mine hosting fees).

The pool fee rate is 1%.

Mine hosting fees include site costs, labor, etc., which are included in the 3% energy loss.

The electricity rate is 0.075 USD / kWh.

What are the revenue models available to ETHST holders?

ETHST can be pledged in ethereum mining

Can provide rewards to ETHST liquidity providers (LPs)

Holding ETHST is equivalent to holding an ETH “call option” and getting a daily mining bonus

More arbitrage opportunities

Participants can deposit their ETHST into the HashFi pool, which entitles them to receive a certain amount of ETH earnings as a mining reward. In addition, users can also revoke their pledge and claim their mining rewards at any time. However, leaving ETHST in the wallet or depositing it in the ETHST-USDT liquidity pool does not entitle the token holder to any ETH mining rewards.

The net mining reward is distributed decentrally based on the proportion of ETHST invested by the participant in the HashFi pool and through a smart contract.

If the pledged ETHST in the HashFi pool is less than 60% of the total issued ETHST, the net mining reward will be allocated according to the following steps –

60% of the total net mining reward is distributed to the ETHST pledger.

10% of the total net mining reward will be allocated to HashFi for ecosystem development.

30% of the total net mining reward is set aside for the project pool.

If the pledged ETHST in the HashFi pool is greater than 60% of the total issued ETHST, the net mining reward will be distributed as follows –

90% of the total net mining reward will be allocated to the ETHST pledgees.

10% of the total net mining reward is allocated to HashFi for ecosystem development.

How is ETHST distributed?

Providing users with reliable, sufficient and affordable mining capacity is one of HashFi’s core business objectives, and any applicant can exchange their mining capacity for ETHST tokens as long as the following conditions are met.

The ownership and use of the mining equipment belongs to the applicant and is not subject to dispute or legal issues.

The mining equipment is hosted by a HashFi certified mining site / site.

The mining power should not be less than 300GH/s per submission for ETHST tokens.

It is important to note that the current HashFi coin is one-way, which means that once the exchange is completed, ownership of the mining equipment, revenue rights, and mining rights will be transferred to HashFi. regularly disclose operational data.

How will ETHST be distributed?

There is no cap on the amount of ETHST that can be issued.

Each ETHST is anchored by 1MH/s of Ether computing power with a power consumption ratio of 0.003kW/MH.

There is no cap on the total number of ETHSTs issued. The initial issue of ETHSTs is 500,000, which means HashFi has 500,000 MH/s of computing power.

HFI is the native token of the HashFi platform, with a fixed total mintage of 10 million tokens, which is the cornerstone of the incentive structure of the HashFi platform.

Features & Benefits

Governance The growing size and value of ETHST will stimulate demand for governance rights from the community. HashFi will gradually open up the HFI governance function when ETHST reaches a certain size and HFI is fully circulated, and HFI holders have the right to participate in voting and decision making on matters such as profit distribution ratio, partner pool selection, and risk parameter setting.

Incentive. On this premise, HashFi has built an incentive system around HFI, where the following positive behaviors will be rewarded as HFI for promoting ecological development.

Converting new computing power into ETHST tokens.

Providing liquidity for ETHST transactions.

Providing liquidity for HFI transactions.

Locking HFIs in the DAO pool and participating in governance.

How are HFIs allocated?

55%: ecological and community incentives.

20%: rewards for initial mining arithmetic contributors.

15%: Team incentives. 5% of tokens will be released every six months after the Token Genesis Event.

10%: Project reserve for operations and marketing.

Three Minutes to Understanding HashFi: BSC Eco-Calculus Financialization Protocol

HashFi’s future plans
HashFi has established close cooperation with the top three global mining machine manufacturers to continuously acquire arithmetic power supply through long-term procurement. In addition, HashFi has also established long-term partnerships with global high-quality mining farms to obtain reliable power resources to ensure that the arithmetic power can be continuously and steadily output; not only that, HashFi has also established in-depth partnerships with the top five global mining pools to ensure the continued effectiveness of revenue.

HashFi will launch in May 2021 and release the first phase of arithmetic coins; in August, it will start the development of V2 version of the platform and look for more partners to obtain more arithmetic power; in December, it will launch V2 and provide arithmetic-based lending products and derivative products.

Posted by:CoinYuppie,Reprinted with attribution to:
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

Like (0)
Donate Buy me a coffee Buy me a coffee
Previous 2021-05-18 12:40
Next 2021-05-18 12:45

Related articles