The native token YFW in the BIW network is a functional token that realizes the distributed storage value of the entire network. As a decentralized cloud system, YFW is publicly open for everyone to participate freely in this distributed network. In the storage resource market, the services provided mainly include two types: file storage service and file retrieval service.
YFW is deployed into the community as the token of BIWs storage market. Its main function is to serve BIWs storage market.
The providers of storage resources are merchants within the BIW network, which can be validation nodes and candidate nodes; storage resource users are those with data storage and retrieval needs, including Web2 centralized cloud storage users and Web3 ecosystem users with decentralized large data storage requirements. To meet the service demands of the storage market, resource providers need to be online 24/7. We have designed corresponding mechanisms in the onboarding agreements for validation nodes and candidate nodes, and there are also requirements for merchant availability in the trading market.