Unlocking the Potential of Filecoin: The Leader in HashKing Staking Track

Author: HashKing

Recently, I have observed a phenomenon: the FVM launched by Filecoin in March has completely changed the ecological landscape of the project. Filecoin has transformed from a single storage public chain into a programmable public chain, and now more and more projects are deploying products on FVM, significantly lowering the threshold for ordinary users to participate in FIL mining. In the long run, FIL staking projects face unprecedented huge opportunities.

Based on my optimism about the potential of the FIL staking track, after carefully studying various products in this field, today I will share my highly recommended experience with HashKing. First, let’s look at my conclusions and the insights I gained from studying the entire FIL staking track:

In the past, the FIL staking track has faced some issues, such as low market transparency, lack of earning opportunities, poor liquidity, low project yields, and high capital security risks. However, HashKing has successfully addressed these problems with its unique features and mechanisms, providing users with a better staking experience.

1) Decentralization of HashKing

Firstly, HashKing adopts a decentralized model, with open-source contracts, allowing users to understand the product logic by reviewing the code; secondly, HashKing has joined NodeDAO, a project leading the development of DAO and DeFi 2.0, which makes HashKing more transparent and fair. We can see from the FIL staking TVL rankings recorded by DefiLlama that HashKing currently ranks fifth overall and fourth in the liquidity staking category. More notably, HashKing's 7-day TVL growth is impressive, ranking first in its track.

2) Low Participation Threshold of HashKing

HashKing has a very low staking threshold; users can participate by staking any amount of funds, lowering the entry barrier for users and allowing more people to enjoy the earning opportunities of staking mining without being restricted by high thresholds.

3) Good Liquidity and High Return Rate of HashKing

After users stake FIL, they will receive a corresponding amount of NFIL, which can be exchanged for FIL at any time in the built-in Swap, meeting users' needs to enter and exit the staking market flexibly for fund management.

Currently, HashKing offers an annualized return rate of up to 18%, which is a very attractive return compared to the 3%-4% offered by centralized exchanges for savings accounts.

Compared to similar products, HashKing's advantages are also evident. The following chart summarizes the yield situation of new and old products, showing that HashKing features zero staking period and high staking yields, demonstrating strong overall strength in market competition. It is worth noting that in staking products, the earlier you participate, the higher the potential returns. Now, before HashKing's market recognition is fully established, it is the best time to participate in "easy earnings."

Additionally, to meet users' diverse earning pursuits, HashKing has designed a liquidity pool feature. After users stake FIL and obtain NFIL equity tokens, they can form LP with FIL-NFIL and deposit it into the Farm pool to earn higher rewards.

4) Security and Reliability of HashKing

HashKing places great emphasis on capital security, with contracts audited by both Beosin and MetaTrust. Users' funds are controlled by smart contracts and automatically put on-chain, using a multi-signature contract approach to avoid single-point risks. This provides users with a safer and more reliable staking environment, ensuring the security of their assets.

In addition to staking rewards, HashKing has also launched an invitation reward mechanism.

Suppose User A invites User B, and B stakes 100,000 FIL with a 1-year cycle, with the current annualized return rate at 20%. According to calculations, B will earn 20,000 FIL in one year. Based on the invitation reward rules, A will receive 5% of B's earnings as an invitation reward, which amounts to 1,000 FIL.

It can be said that users can not only obtain stable earnings by staking on HashKing but also gain diverse profit channels through the liquidity pool and invitation reward mechanism. This design fully reflects HashKing's attention to user interests, providing users with a reliable and sustainable profit platform.

For the above reasons, I sincerely recommend that both newcomers wanting to try staking mining and users already familiar with the staking track pay attention to HashKing. Additionally, I would like to mention a recommendation reason that is not related to the current situation of the project but I believe is very important: this is a project that has not yet issued tokens and is moving towards decentralized governance. Decentralization or DAO governance relies on tokens. Therefore, from the perspective of interacting with early-stage projects, HashKing is also worth paying attention to.

Here is my experience process:

1. Preparation: Chrome browser and MetaMask wallet

2. Add network to the wallet

Network Name: Filecoin-mainnet

New RPC URL: https://api.node.glif.io/rpc/v1

Chain ID: 314

Symbol: FIL

Block Explorer URL: https://filfox.info/en

And switch to the Filecoin mainnet

3. Transfer FIL to your wallet (Note: Please make sure the receiving network is Filecoin-EVM)

4. Open the project official website: fil.hashking.fi

5. Connect wallet

6. Start staking:

After successful staking, you will see an equivalent amount of NFIL on your personal page. NFIL is a liquidity token issued by HashKing based on Filecoin, which is an asset that can earn node rewards after staking (referred to as "deposit" on the page). Its liquidity is also very strong, and it can currently be exchanged on the secondary market or redeemed for FIL through the platform's redemption function.

Now let's see how to profit with NFIL.

Click on deposit (be timely, as waiting a bit may reduce your earnings) and enter the amount (I assume everyone will just click MAX, right?)

The earnings from the deposit are distributed according to the blocks and can be withdrawn at any time after distribution.

Conclusion

As a solid and idealistic project, HashKing is showcasing infinite potential. Although it is a newcomer in the FIL staking track, it has already demonstrated outstanding performance. More importantly, as part of the expansion of the Filecoin ecosystem, it is bound to carry greater growth potential. At this critical juncture where bull and bear markets intersect, I look forward to HashKing becoming a towering presence at the core of the Filecoin ecosystem, rising with the expansion of the Filecoin ecosystem to stimulate user participation enthusiasm and attract more capital influx.