SFT Chain 2024 Annual Report

Introduction

2024 marked a pivotal year for SFT Protocol, showcasing significant achievements in blockchain technology and decentralized physical infrastructure (DePIN). By strategically driving innovation and expanding partnerships, the SFT ecosystem has grown steadily, laying a solid foundation for future developments.

Technology and Product Advancements

Over the past year, SFT Protocol has remained firmly committed to technical innovation. We have enhanced key capabilities such as decentralized storage, computing, and edge content delivery (CDN), while further integrating DePIN technology to boost security, scalability, and cross-chain interoperability. As a result, users can operate with greater safety and convenience.

Key milestones include:

• SFT DAO Launch: Introduction of a community-driven governance mechanism.
• New DePIN Projects: Expanding use cases for decentralized physical infrastructure.
• Launchpad Platform: Offering broader participation opportunities with compelling reward systems.
• Liquidity Pool Launch: Sushi-LP and Solana-LP staking pools to boost liquidity and support ecosystem innovation.

These advancements have laid a strong foundation for the continued growth and evolution of the SFT Protocol ecosystem.

DePIN Ecosystem Expansion

The SFT ecosystem has seen significant expansion, particularly in integrating decentralized storage with blockchain technology. This integration has not only improved data privacy and security but also created new collaboration opportunities for blockchain developers and partners.

International Events and Their Impact on SFT

1. Bitcoin Spot ETF Approval (January 2024)

Event Overview:

In January 2024, the Bitcoin spot ETF was officially approved and launched, signaling greater acceptance of cryptocurrency in mainstream financial markets. This development attracted significant institutional funding, boosting liquidity and recognition in the Bitcoin market.

Impact on SFT:

• Increased Market Visibility: The launch of the ETF raised the profile of blockchain projects, including SFT, which benefits from heightened interest in DePIN and decentralized storage technologies.
• Enhanced Collaboration Opportunities: The influx of capital and resources into the industry created opportunities for SFT to collaborate with Bitcoin miners, nodes, and other technical projects to advance decentralized storage and computing applications.

2. U.S. Election and Policy Shifts (November 2024)

Event Overview:

During the 2024 U.S. elections, both major political parties engaged in heated debates over cryptocurrency regulation and blockchain innovation. The election results could shape future U.S. cryptocurrency policies, affecting areas like digital asset compliance, taxation, and support for corporate innovation.

Impact on SFT:

• Regulatory Uncertainty: U.S. policy changes often set the tone for global crypto markets and could either increase or relax regulations on decentralized projects. SFT must closely monitor potential new compliance requirements and remain ready to adapt.
• Fluctuating Institutional Interest: A more supportive U.S. government stance on cryptocurrency could attract increased interest from traditional enterprises and financial institutions, presenting new market opportunities for SFT’s technical solutions and infrastructure services.

Strategic Response:

• Strengthen compliance preparations by closely tracking U.S. and global regulatory trends.
• Develop compliance solutions to support cross-border operations and partnerships with traditional financial institutions.

3. Digital Euro Progress (H2 2024)

Event Overview:

In the second half of 2024, the European Central Bank continued testing the Digital Euro, refining the application of distributed ledger technology (DLT) in central bank digital currencies (CBDCs).

Impact on SFT:

• Higher Standards for Technology and Applications: The testing of the Digital Euro has driven higher compliance and security requirements for blockchain technology. SFT can seize this opportunity to optimize its decentralized storage and physical infrastructure solutions to meet stringent financial-grade standards.
• Integration with Traditional Financial Systems: The adoption of the Digital Euro will encourage deeper integration between Europe’s financial systems and blockchain technology. SFT could collaborate with European institutions or projects to find growth opportunities in cross-border payments, settlement, and data storage.

Key Achievements and Milestones in 2024

January: DeFi Staking Liquidity Pool Launch

SFT Chain introduced DeFi staking liquidity pools, combining staking and liquidity mechanisms to provide users with new earning opportunities. This initiative improved capital liquidity, boosted user engagement in the SFT ecosystem, and advanced decentralized finance (DeFi) innovations

February: Spacemesh Upgrade

In preparation for Spacemesh’s new era, SFT Chain significantly upgraded its hardware infrastructure by adding 1,000T of computational power, bringing the total to 4,000T.

March: Sushi-LP Staking Pool and New DApp Launch

SFT Chain launched the Sushi-LP staking pool, providing users with opportunities to enhance ecosystem liquidity while earning rewards. Additionally, a new version of the DApp debuted, offering an improved user experience with enhanced features.

April: Solana Migration Completed

SFT Chain successfully completed its Solana migration, launching the rSPD-SOL cross-chain bridge and introducing Solana-based Launchpad and liquidity farming features.

May: Partnership with Titan Network

SFT Protocol formed a strategic partnership with Titan Network to advance DePIN technologies, improving decentralized service reliability.

June: DePIN Infrastructure Expansion

SFT Chain introduced several hardware infrastructure projects, including Quilibrium, 0G, and Aleo nodes, enabling users to participate through rSPD while earning rewards.

August: NFT Series Collaboration

SFT collaborated with U.S. artists to release limited-edition NFT series, such as “4ever Friends” and “Pepe’s SFT Adventures,” offering unique community benefits and staking opportunities.

September: rSPD Token Economics

SFT unveiled the rSPD token economy, highlighting its utility in governance, incentives, and liquidity provisioning, with a focus on ecosystem growth and sustainability.

October: Wallet System Upgrade

A new version of the wallet system launched, enhancing user experience, security, and functionality.

November: SFT DAO Activation

The SFT DAO enabled decentralized governance, allowing community members to participate in critical decision-making processes.

December: New Points System Launch

A revamped points system linked to rSFT holdings was introduced, incentivizing long-term engagement and offering future rewards.

Looking Ahead to 2025

As we move into 2025, SFT Protocol will continue to prioritize technological innovation, expand DePIN applications, and foster cross-chain collaborations. Focus areas include strengthening DAO governance, integrating NFTs into the DePIN ecosystem, and driving global adoption of Web3 technologies to create a more decentralized and interconnected future.

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