😎ABOUT SOFIL

SOFIL is a decentralized finance (DeFi) platform offering earnings opportunities to crypto holders and community ambassador by rewarding contributors for providing liquidity.

SOFIL's mission is to bring financial utility to virtual assets with decentralized technologies. Ultimately, our vision is to facilitate the world's transition into the decentralized digital economy.

Project Updates

April 2024

• Established strategic partnerships with FileFast Technology and ChainOn Technology, SOFIL aims to scale Filecoin's ecosystem by distributing the 10x block rewards (generated from the network's robust incentive structure through decentralized financial use case.

• Leveraging the complementary strengths of FileFast's 10x FIL mining power and ChainOn's IPFS-based & full-stack blockchain development expertise, SOFIL launch DeFi platform with first type of crypto - Filecoin stake-to-earn capability.

Platform Updates

April 2024

• Network supported: BNB Smart Chain

• Wallet supported: Metamask (Recommended using mobile to gain a better user experience)

• Launch Stake-To-Earn Protocol with Refer-To-Earn Capabilities

  • Fixed period staking products

  • Token supported: Binance-Peg Filecoin* (Token Contract: 0x0D8Ce2A99Bb6e3B7Db580eD848240e4a0F9aE153)

• Launch staking NFT minting capabilities, with the NFT as an on-chain staking certificate

  • NFT Standard: BEP-721

All Filecoin staking rewards and referral rewards distributed from SOFIL are generated from mining rewards, rather than from other external platforms. Filecoin mining is operated by SOFIL strategic partners with actual on-chain presence.

*Binance-Peg Filecoin are tokens that are wrapped and pegged by Binance on a 1:1 ratio to Filecoin (FIL).

Upcoming Enhancement

• Flexible staking products

• Multi-chain Filecoin staking (Filecoin virtual machine (FVM), Filecoin native)

• Multiple tokens supported (USDT and more)