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Gate.io HODL & Earn Launches SFIL to FIL PoS & Earn, Annual Interest Rate 43.2%

2021-02-02 16:24:20Read:40236

Gate.io has launched HODL & Earn, a series of crypto-asset management tools that promises stable profit and lower risks. With Gate.io HODL & Earn, user can earn interest with current or fixed deposits. We will also launch asset management tool with major crypto currencies such as BTC and USDT, providing more ways for users to gain interest.

Gate.io had listed SFIL at 8:00 UTC Feb 2021. The SFIL to FIL PoS & Earn is launched on Gate.io HODL & Earn. The annual interest rate is 43.2%, which will be adjusted based on the amount of token mined. Web Users can use the link to purchase - https://www.gate.io/hodl/349, while app users can use HODL & Earn.


The participation rules are stated below.
The interest rate is calculated by the amount of FIL returned divided by the SFIL held.

1) To take part in PoS & Earn, users need to register themselves. However, token lock-up is not required
2) There is no handling fee being charged by Gate.io
3) The annual interest rate is 43.2%, which will be adjusted based on the number of tokens mined
4) The interest will be calculated based on the average amount of tokens in position over a 14-day period, excluding the borrowed tokens
5) The interest will be distributed every 7 days
6) To continue to participate in the program, users need to operate manually

# Introduction to SFIL
SFIL has created a broader Filecoin computing power market, allowing global compliance funds to enter and exit the market more freely and efficiently. Every SFIL minting means that the true and effective standard computing power of 0.01T Filecoin full deposit is invested in the Filecoin mining network, and the miners holding SFIL can conduct undifferentiated Filecoin mining.


Gate.io is an established exchange that holds integrity, transparency, and fairness to a very high standard. We charge zero listing fees and only choose quality and promising projects. Our exchange consists only of 100% real trading volume. Thanks to everyone who has joined us in our journey. We always intend to improve and innovate to reward our users for their continuous support.


Gate.io Team
February 2, 2021

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