SCF Investment Management, an investment company, has announced the establishment of the SCF Hacker Marathon Fund with the goal of becoming the incubation engine for the SCF public chain ecosystem, driving global innovation in blockchain technology, and aspiring to become a leader in the global financial sector.
The SCF Hacker Marathon Fund focuses on the field of digital innovation, promoting collaboration, creation, and experimentation between industries to advance technological progress continually. By inspiring innovative thinking, the fund encourages participants to pursue novel and efficient solutions through challenging competitions.
In the realm of digital innovation, the fund has outlined the following goals and community governance initiatives:
- Incubating Entrepreneurial Spirit: Cultivate and inspire participants’ entrepreneurial spirit, enabling them to rapidly grow and create in the digital domain.
- Driving Technology Community Development: Stimulate the flourishing development of technology within the community, sharing knowledge, experience, and resources to collectively create a mutually beneficial ecosystem.
- Addressing Real-world Challenges: Provide practical solutions for innovation, actively influencing society, and addressing key challenges.
- Nurturing Technical Talent: Through challenges and practice, participants will continuously enhance their skill levels, ultimately becoming top talents in the cryptocurrency industry.
Democratic Community Governance:
To ensure the healthy development of the fund, any additional use of funds must undergo community governance proposals, adopting a decentralized decision-making model. Users can submit development proposals, which are publicly viewable and assessable on an open platform for support or opposition. Proposals will undergo voting within a set time frame and must receive over 51% support to ensure fairness and widespread acceptance of decisions.
How to Participate in the Hacker Marathon Fund?
Participating in the Hacker Marathon Fund is simple: by supporting through donations. After donating, you will receive equivalent FSP tokens for free, and holding FSP tokens allows users to share in the project’s development outcomes, collectively creating and sharing value within the ecosystem.
FSP Tokens: More than just digital tokens, they represent multiple rights.
FSP tokens issued by FinSwap not only serve as a universal tool for our digital platform but also provide rich rights for holders, covering various dimensions of platform economics, community governance, and user participation.
Specific uses of FSP tokens include:
- Platform Dividends: Holders of FSP tokens will share in the substantial dividends from platform transaction fee earnings, adding value to your investment.
- Liquidity Mining: By staking FSP tokens in liquidity mining, users can participate in the ecosystem’s construction, realize profits, and contribute to community development.
- Cross-chain Transaction Fee Payments: FSP tokens can be used to pay transaction fees for FinSwap cross-chain transactions, providing a more convenient and efficient trading experience.
- Community Governance Voting: Holders can use FSP tokens for on-chain voting, actively participating in community governance to collectively decide the platform’s development direction, embodying the concept of democratic autonomy.
FSP Allocation Model: Total supply is 10,000,000,000 FSP tokens, including:
- SCF Hacker Marathon Fund Management Donation Airdrop Reserves: 50%
- Liquidity Mining Share: 20%
- FSP Lab Continuous Contributions and Ecosystem Contributions: 15%
- FSP Operations and Technical Development: 10%
- Community Promotion Plans: 5%
Key Highlights of SCF Hacker Marathon Fund:
The Hacker Marathon Fund rewards early FSP community members, with the distribution of FSP tokens as a top priority. Donating users not only receive a free airdrop but can also use FSP tokens for developer rewards, strategy reserves, community incentives, among other purposes.
The core purpose of the SCF Hacker Marathon Fund is to endow FSP tokens with multiple values, shaping a thriving digital ecosystem and creating rich experiences and opportunities for participants.
FSP/SCF Valuation Estimate: The total market value is projected to reach $27 billion by 2024 and $81 billion by 2025. The diverse uses of FSP tokens not only provide investment returns for users but also support developers, community construction, and the healthy development of the ecosystem. The SCF Hacker Marathon Fund aims to reward early community members through the orderly distribution of FSP tokens, actively participating in the co-construction of the digital community, and driving the prosperous development of the digital ecosystem.