FX Land$FULA

What is this network?

The network in question is the Fula Network, a secure, encrypted IPFS decentralized storage network that replaces big tech cloud providers with individual FxBlox owners. The Fula Network is designed to put the power back into the hands of users, ensuring that their data is their property, and theirs alone. The network is designed to be a self-sustainable ecosystem for both owners and developers.

The Fula Network enables fair, secure resource-sharing among users. Users share resources to provide storage, content, and applications. The network comprises many smaller user pools, typically grouped together based on geographical proximity in order to guarantee optimal network performance, minimal latency, and the fewest possible server hops.

How can I mine tokens?

Tokens on the Fula Network, known as $FULA tokens, can be earned by providing backups, resources to others, or developing dApps for the ecosystem. Each time someone uses your resources or apps, you earn $FULA tokens.

More specifically, L3 Nodes mine tokens based on uptime and resources provided to peers. Devices in a pool that actively provide resources receive Fula corresponding to the L2 chain they have selected. Fula tokens are released when an L3 validator issues a Proof of Storage certificate.

Any geographical restrictions?

The Fula Network comprises many smaller user pools, typically grouped together based on geographical proximity in order to guarantee optimal network performance, minimal latency, and the fewest possible server hops. However, there is no explicit mention of geographical restrictions in the provided sources.

How can I optimize my mining rewards?

To optimize mining rewards, a miner must choose its network connections carefully, ensuring the existence of paths to other miners that are on average of a lower latency compared to paths between other miners.

How can I use the network?

Users can use the Fula Network by providing backups, resources to others, or developing dApps for the ecosystem. Each time someone uses your resources or apps, you earn $FULA tokens.

Users can also engage with the Fula Network as both resource consumers and resource providers when they own an FxBlox. Owning an FxBlox is not required to access services on the network, but users will have to pay fees to FxBlox owners if they don't have one operating in the network.

Who governs this network?

The Fula Network is governed by Functionland, a company that was founded on a core set of Web3 principles. Functionland is backed by some of the biggest names in Web3 and tech investment including Outlier Ventures, Techstars, Protocol Labs, and Parity Technologies.

Funding

FxBlox, a key component of the Fula Network, had a successful crowdfunding campaign on Indiegogo, taking in more than half a million dollars in investment contributions. Functionland is also backed by some of the biggest names in Web3 and tech investment including Outlier Ventures, Techstars, Protocol Labs, and Parity Technologies.