Filecoin Standard Hashrate Token

Overview

Filecoin Standard Hashrate Token (FILST) is a tokenized representation of Filecoin mining power (hashrate). The token allows users to participate in Filecoin mining without operating physical mining infrastructure.

Purpose and Utility

FILST represents actual mining power on the Filecoin network, where each token corresponds to a specific amount of storage mining capacity. Token holders receive mining rewards proportional to their holdings. The primary utility is providing exposure to Filecoin mining operations in a more accessible way.

Business Model

The project tokenizes real mining operations, allowing fractional ownership of mining capacity. Mining rewards are distributed to token holders based on their share of tokens. This model aligns with halal principles as it represents ownership of actual mining operations and distribution of legitimate mining rewards.

Real-World Adoption

FILST is actively used within the Filecoin mining ecosystem, with verifiable mining operations backing the tokens. The project maintains transparency about mining operations and reward distributions.

Platform Development

The project maintains regular updates and operational reports about mining activities. Technical development focuses on maintaining the token standard and mining operation management.

Token Distribution

Token distribution is tied to actual mining capacity, with new tokens minted as mining capacity increases. The project maintains transparency about token issuance and mining operations.