Basic Crypto Concepts

1. What is cloud mining?

Cloud mining is the process of using cloud mining service to mine cryptocurrencies. You pay third party mining platform to do all the work for you (e.g. buying mining machine, configuration, paying for electricity, cooling down the sever room, routine maintenance and emergency repair). You receive mining incomes proportionate to the percentage of cloud mining power you purchase. In essence, cloud mining is highly convenient for the average users.

2. What is Filecoin (FIL)?

FIL (Filecoin) is a highly popular open-source public cryptocurrency and digital payment system built by Protocol Labs (https://protocol.ai/). It is a highly practical cryptoecosystem that allows users to rent unused hard drive space. You can read more about FIL (Filecoin) on their official website here: https://docs.filecoin.io/about-filecoin/what-is-filecoin/#for-users/

3. I think FIL's price will definitely go up in the future. How do I make more FIL on DMEX?

Token price wise, FIL is indeed a very promising token with great future values: https://coinmarketcap.com/currencies/filecoin/

On DMEX, you can stake $DMC, $HUSD or $HFIL to earn $HFIL, $HUSD is the stable coin on Heco Chain. $HFIL is FIL (Filecoin) on Heco Chain.

4. What is Heco?

HECO is the smart chain of Huobi (https://www.huobi.com/). One of the biggest crypto exchanges in the world. HECO is a cost efficient public chain that is fully compatible with Ethereum. HECO is much faster than Ethereum while the gas fee is minimal. Gas transaction fees at HECO are as low as0.001 $USD.

HECO official website: https://www.hecochain.com/en-us/