How to distinguish promising projects from rugs?
Two main sources of revenue:
1. SFIL selling
2. Service fees charged
When you buy hash power from providers, the price will rise by 20% to 30% upon its cost. Therefore, SFIL official will make a certain profit for selling a single SFIL token. Additionally, 20% of each SFIL’s daily mining revenue will be charged as service fees.
We sold a total of 2 million SFIL in a year. The mining efficiency of SFIL is 0.0002FIL/day and its sales price is $5. And we will retain 30% as the profit and charge 20% as the service fees. The FIL price here is $40.
The annual revenue of SFIL:
1. Sales of SFIL: 2 million*5*30% = 3 million USD
2. Service fee charged: 2 million*0.0002*20%*365*40=1.168 million USD
Total: 4.168 million USD
This is the profit model of SFIL, which is clear and sustainable. As SFIL’s sales volume and market scale continue to expand, SFIL’s revenue will also increase. Therefore, SFIL official and customers are interdependent.
SFIL will never run away with investors’ funds
We have reason to believe that any team with this profit model will succeed and always serve every investor well. Therefore, SFIL will never run away with investors’ funds.
The simplest way is to ask yourself a question: If you own a project with an annual income of 4 million USD, are you willing to run away with investors’ funds regardless of legal risks. Why do Binance and Coinbase never consider running away with investors’ funds? That’s because they have a clear profit model as we do.