The DePIN Revolution with SFT Protocol

Project Overview

SFT Chain is a multi-chain integration (Chain of Chains) that bridges physical infrastructure with Web3 applications. It aims to build a DePIN platform that aggregates storage, computing, and CDN. The SFT Chain establishes an economic system that links idle equipment resources worldwide with business demands, integrating various public chains to provide seamless data storage, computing, and deployment services.

Vision

By constructing a new generation of DePIN hardware infrastructure network, SFT Chain aims to bridge the real and virtual worlds, becoming the cornerstone of decentralized storage, computing, CDN, and the rapidly growing Web3 Dapp ecosystem.

Features and Advantages

Global Distributed Hardware Infrastructure Network

Deployed Regions: USA, Singapore, Hong Kong, Vietnam, Dubai
Regions Under Deployment: South Korea, Japan, India, Nigeria, Philippines, Kazakhstan

SFT focuses on transforming idle equipment in data centers worldwide into a vast DePIN network, addressing real business needs such as AI models, data storage, high-volume computing, network acceleration, and data encryption.

Smooth User Experience

SFT Chain integrates multiple public chains like BTC, ETH, Filecoin, Spacemesh, and more, meeting user demands for data privacy, computation, and storage without requiring technical knowledge. SFT offers a “one-click” solution.

Strong Background

Developed by the top-tier blockchain team at SFT Protocol Labs and backed by Wall Street capital and numerous Web3 funds and angel investors, SFT has seen rapid product development.

Development History

June 10, 2022: SFT Protocol Labs completes its first round of financing.

October 10, 2022: Launch of the SFT Protocol.

March 1, 2023: Deployment on BSC Network.

• Developed contracts, applications, and user interaction functions on BSC, including staking, SFT minting, farming yields, compounding, and flexible and fixed-term yields. Integrated FIL staking and its ecosystem, deployed Filecoin decentralized business applications, and completed FVM testnet contract deployment and testing.

June 10, 2023: Deployment on FEVM Network.

• Completed FEVM function deployment, including interface connections, node control, and automated earnings. Also, deployed the BSC-Filecoin cross-chain bridge and SFT RPC service testnet. Developed mining nodes and reward dashboards, and launched functions like unstaking, redemption, and SFT lending pools on the testnet.

September 5, 2023: Expansion of FEVM Network DApp.

• Launched multi-chain RPC node services, unstaking, SFT token redemption, and lending pool functions. The SFT and FIL token liquidity pools were launched, and the SFT application blockchain testnet began operations.

November 30, 2023: Deployment of DePIN Network DApp.

• Launched hardware infrastructure testnet and multi-chain DeFi ecosystem applications on the mainnet. Began exploring other ecosystems and incubating applications, completing the initial testing mechanism for SFT Protocol DAO (SPD).

February 15, 2024: SolanaFEVM — DePIN Section.

• Integrated early testnet public chain projects using rSPD, with substantial rewards post-mainnet launch. All rSPD used will be destroyed.

April 5, 2024: SolanaFEVM — Launchpad Section.

• Integrated mainnet public chain projects, offering token rewards at a 15% exchange price discount through rSPD three times daily.

Tokens in the SFT Protocol Ecosystem

SFT (Securitized Infrastructure Token)

SFT is issued on FEVM and BSC networks, representing a staked value of FIL. Upon deposit, SFT is minted, which can be redeemed for FIL after the node expires. Each SFT corresponds 1:1 with FIL.

rSFT

Issued on Filecoin-FEVM, rSFT represents FIL staked in a liquidity pool. It serves as an LP token for FIL providers, minted upon deposit and destroyed upon redemption.

SPD (SFT Protocol DAO Token)

SPD is a governance token, granting holders voting rights on platform development, parameter adjustments, and proposal reviews. It also incentivizes community participation in ecosystem development.

rSPD

The early token defined as points, exchangeable 1:1 for SPD upon mainnet launch, allowing users to benefit from the growing value of SPD and contribute to long-term project goals.

Ecosystem and Technology

SFT Chain, based on Web3, builds a comprehensive DePIN platform, fully compatible with Ethereum and other major EVM chains. It integrates hardware-based data, computing, and edge cloud services into other storage and computing public chains, enabling a smart transition of global hardware infrastructure towards Web3.

Key Components

Basic Network Construction:

• Utilizes hotspots, routers, and servers to form a novel physical DePIN network. This network records real-world activities, contributing to reward calculations and distributions. Data is aggregated and applied to smart contracts and decentralized DVT data verification.

Token Incentives:

• Activates token rewards for users contributing to the DePIN network.

Data Verification:

• Employs distributed validator technology (DVT) to enhance blockchain validator security and efficiency by splitting private keys across multiple nodes, eliminating single points of failure.

Blockchain Architecture:

• Each DePIN network device interacts with a blockchain architecture containing smart contract logic, acting as a ledger for transactions and value exchanges among network nodes.

Use Case: SFT in Data, Computing, and Edge Cloud

Data Storage and Transaction:

• SFT Chain provides interfaces for Data Storage and Exchange, supporting various business applications without a central server proxy, simplifying inter-organizational communication and data processing.

Integrated Storage and Computing Public Chains:

• Leverages hardware to integrate storage and computing public chains, reducing management burdens and maximizing benefits in traditional business sectors like power, energy, transport, and utilities.

Computing Infrastructure:

• Constructs a vast computing integration network where GPUs provide services for media, AR, VR, AI, etc., beyond cryptocurrency mining. The network offers a platform for efficient execution of blockchain-based computing tasks.

Distributed Edge Cloud Infrastructure:

• Develops an open, multi-network Cloud RAN interface, integrating, testing, and validating full-stack solutions to enhance CSP integration and network function lifecycle management and optimization.

Industry Analysis

Coexistence with Traditional Infrastructure: DePIN’s immediate replacement of traditional networks is unlikely due to the latter’s capital and system maturity. DePIN can supplement traditional networks by covering financially unfeasible last-mile areas, facilitating small entities’ participation in infrastructure construction.

Web2 Front-End Integration: DePIN projects can expand influence through improved user interfaces and collaborations with traditional enterprises, enabling users to interact with DePIN and blockchain technology seamlessly.

Enhanced Token Utility and Composability: Beyond basic payment utility, DePIN tokens can offer additional earnings or exploratory applications, increasing their appeal by leveraging blockchain technology’s composability.