filecoin-project / notary-governance

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Notary Application: Power Meta Corporation #759

Closed PowerMeta1 closed 5 months ago

PowerMeta1 commented 2 years ago

Notary Application

To apply to be a Fil+ Notary, please review the Notary Overview here and then fill out the following form.

Core Information

Please respond to the questions below in paragraph form, replacing the text saying "Please answer here". Include as much detail as you can in your answer!

Long Term Network Alignment

Time Commitment

Describe the nature and duration of your affiliation with the Filecoin network. Please include relevant GitHub handles, Storage Provider IDs, significant projects or contributions (with links).

Power Meta is a one-stop marketplace that connects data owners with multiple data storage providers such as Filecoin miners using a smart auction system, tapping on unlimited data storage potential on IPFS network with unparalleled performance, security, and privacy at affordable market prices. Power Meta Has been around since 7 November 2021

Stake Exposure

Please cite total token at stake (currently available, locked as collateral, vesting over time) and any substantiating evidence (i.e., addresses on chain with their corresponding FIL amounts).

None.

How did you acquire the FIL cited above?

None.

In-protocol Reputation

Please describe (in detail) your activity and tenure as a member of the Filecoin community. Please note (with links where possible) any contributions made to implementations of Filecoin, the spec, documentation, or to substantially help the Filecoin ecosystem grow.

Since 2021, I have actively participated in IPFS/Filecoin-related research and promotion. I have also translated several IPFS/Filecoin documents. We launched the DeFIL financing and financial services platform for Filecoin, which is anticipated to assist numerous miners with the issue of coin pledge. By donating their mining equipment and computing capacity to the platform, miners receive FIL, which they may use to continue mining Filecoin with no further asset pledges. This significantly reduces the cost of digging for the miners. By providing stable interest rates on FIL loans to DeFIL platform miners, the platform also helps FIL owners increase their profits. We created an IPFS-based community that provides services to users in addition to actively promoting IPFS in the neighborhood, we also discuss it with Filecoin officials on Slack channels. The DeFIL platform has grown to be one of the most important infrastructures in the Filecoin ecosystem.

In-protocol Security

Please describe your contributions to the security of Filecoin and the duration over which you've made contributions. Please also include any links or references that can substantiate your contributions.

None

Organizational Reputation

Please describe the nature of your organization, including the country of registration, size of the organization, and time since inception.

None

Please share any relevant details to help substantiate information about your organization (website, named officers, links to social media profiles).

https://www.linkedin.com/company/89215694/admin/

Please share any relevant external information regarding your organization (e.g. news articles, social media profiles, etc.)

https://www.linkedin.com/company/89215694/admin/

Individual Reputation

Please share links to at least 2 of your (personal) social media profiles (or accounts that you are able to use) and the approximate size of your audience (i.e., followers, subscribers) for each one.

I am interested in helping the Filecoin ecosystem on-board more real valuable data to the network while also helping double check that the data being approved is actually valuable data.

Please share any additional relevant information regarding your presence (e.g. news articles, interviews, podcasts, videos, awards, etc.)

None

Allocation Plan refer to the Rubric to see how this impacts your Notary score

Concreteness of Allocation Plan

Allocation Strategy

How do you plan on allocating the DataCap requested above? Please describe your allocation strategy with as much specificity as you can. This includes the target amount per client and rate at which you'll allocate DataCap.

Power Meta will allocate different amounts of DataCap depending on several factors for the Storage Providers that the client plans on working with.
1. Trust and reputation - It is important that the Client we are allocating DataCap towards is reputable and can be trusted to correctly use the DataCap.
- Check SP's miner actors through the use of blockchain explorers like filfox.info and the Starboard reputation system - 
- Check SP team's social media, LinkedIn, and Filecoin Slack involvement for their reputability.
- Check SP's miner actor's data center colocation to see if they are able to store data using best practices.

2. Previous usage of DataCap - Power Meta will do spot checks on the Clients to see if they are allocating the DataCap properly
- Check the follow of DataCap and how much is going to each of the SPs that the client said they would work with. 

3. Size and scalability - Increasingly large DataCap request should only be given to Clients that are willing to further the Filecoin ecosystem and are working with SPs that have the same vision and can also support the datacap being allocated to the client.
- Check that the SPs have enough capacity to store the data and how much more capacity they plan on allocating.
- Check that the SPs are following best practices when it comes to their data redundancy plans.
- Check that the SPs can support and seal the deals in a reasonable amount of time. (TiBs per day).

How do you plan on securing the DataCap to ensure your organization (and its delegated members) are the ones allocating the DataCap?

Power Meta will use a secure hardware wallet where only organization executives will have access.

Client Due Diligence

How will you vet the clients that are applying for DataCap? What questions will you ask to ensure your trust is placed well and that clients can properly handle the DataCap you intend to allocate to them?

Power meta will do its due diligence in checking which SPs that the client plans on sending the DataCap. Ideally they are a notable contributing member in the Filecoin ecosystem or have some other reputational sound background.

Client Diligence Process
1. Check if the client has any miner actors and if they do, use blockchain explorers like filfox.info to see if they are knowledgeable about deal making and sealing.
2. Check the client's social media, LinkedIn, and Filecoin Slack involvement for their reputability.
3. Check if the client has participated in any community events.

What processes will you employ when granting additional DataCap to a client that has previously been verified? This includes confirming that the client is not improperly using the DataCap they were previously granted, i.e., making deals with a single SP entity.

We will ask the client to provide the address in which they are requesting DataCap. We will start with checking all of the deals that a client is sending out to other SPs. Then we will aspire to automate via a script in place that will check the total amount of DataCap that is going to each of the SP nodes where they are sending the verified storage deals.

Bookkeeping Plan

Do you plan on conducting all your allocation decisions in public (e.g. Github repo), private (e.g. over email, Telegram, etc), or both?

In public on the Github repo.

Where do you plan on keeping a publicly accessible record of all your allocation decisions?

All allocation decisions will happen in the Github repository publicly.

Service Level Agreement

Engagement in Program

Which level (1-5) of service commitment are you willing to dedicate to participating in the Fil+ program? This includes making DataCap allocations (direct and/or Large Datasets), joining working groups, adding comments on discussion/issues, attendance in governance calls, messages in Slack, etc. For a full list of the service levels and time commitments please review the rubric

L4

Track Record

Past allocation

Have you previously received DataCap to allocate before? If so, please link to any previous applications.

None.

Disclosures

Do you/your organization have any relationship(s) with other existing notaries or their organizations? If yes, please list the names of the Notary individuals or organizations you may be related to.

None.
filecoin-notaries-onboarding-bot[bot] commented 2 years ago

Thanks for your request! Everything looks good. :ok_hand:

    A Governance Team member will review the information provided and contact you back pretty soon.