Learn about Fido in 3 minutes -The pioneer of Blockchain 3.0 era
Under the rapid development of post-Internet era, the new generation of the new internet format represented by Filecoin is gradually becoming mature. Just at the same time, the decentralized financial DEFI and decentralized autonomy of MakerDao are widely accepted. Blockchain has officially entered from the 2.0 era of “Programmable Finance” to the 3.0 era of “combined with the real economy” based on IDO.
IDO’s full name is Initial DEFI Offering, It is an integrated securitization financing tool, which can greatly improve financing efficiency, reduce financing cost and difficulty. IDO was born naturally for the real economy, and it is the most significant part that links the real economy in the post-internet era.
Fido aggregated hash power trading platform is the world’s first DeFi project that combines with the real economy, the Lisk is Heco. As a DAPP logged in through the digital wallet, with Filecoin as the entry point, IPFS (Interstellar File System) distributed data storage technology as the background, hash power is financialized on Fido.
In Fido, users have complete digital asset ownership, unrestricted trading hash power, FIL loan, liquidility mining, and other rights. The decentralized trading enables users break the information gap with the minimum trading cost and the maximum safety coefficient. Via high transparency, decentralized autonomy, and strict supervision, Fido creates a capable and reliable chain of production relations.
Users’ profit is divided into five parts: profit of hash power mining, profit of mortgage mining, profit of function mining, profit of promotion, and carry trade from secondary-market.
Hash power mining: In hash power mining, users can purchase IDO products from IDO providers. Compare with the traditional mining, trading on Fido is more flexible and more liquid. The decentralized smart contracts ensure the safety of users’ digital assets.
Mortgage mining: FIL mined by hash power mining can make a profit by being put into mortgage mining pool. Users can also purchase FIL to gain interest, FIL can always be deposited, withdrawn, and realized.
Different from the trading platform using NFT as the core technology, Fido activates the liquidity of hash power, and solves the realistic problem of hash power transfer. In Fido, users can start hash power mining with a bit mortgage token.
FIDO is a blockchain token issued on Heco. As the token for the whole Fido platform, FIDO will maximize the entire Fido platform capabilities, the circulation is 210 million. The functions of FIDO including deposit, purchase competition, profits buy-back, promotion, service fee, hedging, and etc. FIDO, which is closely related to Fido platform ecosystem, will have a immeasurable future.
FIDO Allocation: Users 80%， Founding team 10%, Private-equity firms 5%, Fund board 5%.
Platform mechanism of Fido
It is a compensation mining mechanism innovated by Fido platform. As another part of mortgage miners’ income, miners will enjoy the highest lending rate.
All profits of Fido platform after deducting operating cost will be repurchased FIDO, and the repurchased FIDO will be permanently destroyed.
When users participate in IDO, they need to pay a small amount of deposit as insurance, which is directly transferred to the insurance fund. If the IDO providers break the contract, the insurance fund will compensate for users’ loss.
Before joining Fido, the IDO provider can choose whether to mortgage a deposit. If so, the IDO provider needs to convert USDT into FIDO to mortgage the deposit. The higher the deposit is, the higher the credit rating of the IDO provider. If there’s no deposit, the credit rating is 0.
No threshold, no mortgage token, no lock position, no capital pool, no information gap are Fido’s unduplicated advantages. Fido will inevitably be the front-runner of hash power trading in IPFS industry. At the same time, adhering to taking the responsibility to users, embracing IDO providers, and going hand in hand, Fido will build a community of alliance in Filecoin industry and create a new aggregated crypto ecosystem.