THELOGICALINDIAN - PRESS RELEASE SINGAPORE HashMix HSM a abutting bearing hashrate tokenization and exchange agreement appear today the barrage of its aboriginal artefact afterwards adopting 3million from an absorbing agenda of investors this May Leveraging a proprietary appraisal and underwriting archetypal the Filecoin lending belvedere offers reliable and adorable ante for both borrowers and lenders of Filecoins built-in cryptocurrency FIL It is the aboriginal allotment to HashMixs longterm appetite to adjust actuate and drive the crypto mining abridgement to the 30 era
“We are captivated to accept accomplished this aboriginal anniversary and beholden for the absolute acknowledgment from the mining association during the development and testing phase,” said Chris Miller, Cofounder of HashMix. “Storage mining ability in the Filecoin arrangement is top on our account back architecture a accepted exchange for assorted mining capacities and we are assertive that the barrage of the belvedere will not alone advice us lock in aboriginal users but additionally be an important dispatch bean for us to tap into the Filecoin ecosystem.”
With absolute arrangement accumulator ability abutting to 7 exbibyte (EiB), Filecoin is advantageous an unneglectable allotment of the mining economy. What’s more, the decentralized book accumulator activity represents a able another to crypto mining in that it’s greener and of real-world value. However, the claim for upfront badge collaterals and a diffuse vesting agenda for FIL rewards advance to a accumulation squeeze, banishment miners to borrow from ample investors and exchanges at an annualized absorption amount of as aerial as 40%-100%. FIL holders that drop into absolute lending casework do not book abundant able-bodied either, lending at a bare amount of 1%-20% with a ample allotment of the absorption activity to the lending platforms.
HashMix’s solution addresses aloof that. By enabling borrowers to collateralize their Filecoin account, which will be adjourned by a proprietary archetypal to actuate its value, and appropriately the creditworthiness of the borrower, HashMix finer reduces the accident undertaken by the lender and in the concurrently unlocks the amount of the accumulator mining ability committed by the borrower to the Filecoin network. Hence, on the platform, investors can accept college and safer absorption rates, continuing at an estimated 30-40% after compounding, while borrowers can borrow calmly and at an affordable amount as able-bodied as accept from adjustable claim schedules. Investors additionally accept the options to abjure their deposits at any time or opt in to appellation programs with alike college ante and adore compounding interest.
Borrowers’ creditworthiness will be added accurate back HashMix launches its tokenization agreement based on the non-fungible badge (NFT) technology, area the accumulator mining ability collateralized by the borrowers will be minted into tradable NFTs.
For the abutting step, HashMix affairs to barrage its built-in badge HSM to acquaint incentives for accord in Filecoin lending and the abounding added functionalities to come. For example, a accolade apparatus is set in abode for the abutting 26 weeks. The aboriginal accessible accident consists of a 2-week antagonism spanning from July 16th to July 30th for FIL depositors to win up to 200,000 in HSM tokens. All users can participate with a minimum drop of 20 FIL tokens, area the rewards will be broadcast based on anniversary user’s net FIL drop as a admeasurement of the absolute net FIL drop from all acceptable users to allotment the award-winning pool. The rewards will be allocated afterwards the arising of the HSM token. Merely one day afterwards its launch, the belvedere has already admiring a absolute amount bound of about $8.0 million. In the continued run, the aggregation aspires to accommodate an all-embracing band-aid for trading, swapping, and costs on assorted tokenized mining capacities.
About HashMix
HashMix is a abutting bearing hashrate tokenization and exchange protocol. It allows anyone to buy, sell, lend, and bandy mining ability for assorted PoW blockchains in a decentralized way after a trusted third affair above the barriers of geography, re-democratizing and powering a all-around mining ecosystem and analytic issues such as overselling and fraud.
For added information, amuse visit:
Website: https://hashmix.org/
Twitter: https://twitter.com/HashMixOfficial
Telegram: https://t.me/HashMixChannel
Github: https://github.com/HashMixProject
Media contacts
HashMix: Chris Miller ｜[email protected]
PANONY: [email protected]
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