Nine reasons to choose IPFS/Filecoin!

Nine reasons to choose IPFS/Filecoin!

As an investment outlet in the blockchain field in 2020, IPFS/Filecoin can be said to have maxed out our circle of friends recently. Whether it’s the announcement of “listing FIL trading pairs and their derivatives” successively by well-known international exchanges such as China Coin and OKEx, or the large-scale introduction of IPFS decentralized storage technology by giants such as Huawei and JD.com, they are all worth IPFS/Filecoin And the best embodiment of future potential. So, from the perspective of investment, what are the reasons why we choose to participate in the IPFS/Filecoin ecosystem?

One reason: the world’s eight top investment institutions join forces to invest

In August 2017, Filecoin completed a fundraising of 257 million US dollars, setting a record of early project financing of the global blockchain at that time, attracting the attention of countless people. In September 2018, Filecoin became the only one other than Bitcoin and Ethereum in a ranking of code quality that judged projects in multiple dimensions, such as library popularity, number of developers, iteration rate, and submission type. The AA-rated blockchain project surpassed EOS, which was extremely popular at the time.

Well, this is favored by the world’s eight top venture capital institutions, with the strongest blockchain financing case in history, the symbol of the blockchain 3.0 era, the next trillion-level market and many other halo star projects. Its investment institution background How powerful is it? Let's take a look at them one by one.

Among them, Y Combinator (selected as the most valuable incubator by Forbes in 2012), Sequoia Capital (invested in Alibaba, Ant Financial, JD.com, Meituan and other Internet giants), Winklevoss Brothers Fund Hui (Buying 1% of the world’s Bitcoin with 11 million U.S. dollars in 2013), DCG Group (US Wall Street's financial predators group focusing on blockchain and digital currency investment), USV (Union Square Ventures, managing 10 Billion U.S. dollars in assets), Anderson Horowitz Fund (Silicon Valley's top venture capital company, managing $2.7 billion in funds), FundersClub (founder club, online equity crowdfunding organization), Stanford University (IPFS founder Juan Benet The eight institutions are the most famous.

In addition to the eight investment institutions mentioned above, IPFS/Filecoin also attracted well-known independent investors and global investment such as Naval Ravikant, founder of the American equity crowdfunding platform AngelList, Semil Shah, founder of Haystack Fund, and Vinodan Lingham, founder & CEO of Gyft.com. The favor and investment of institutions and the luxurious investment lineup are the best in the blockchain industry!

Reason 2: The number of users will be the largest in the industry

Although the IPFS/Filecoin mainnet has not been officially launched yet, it has already triggered a frenzy of discussion throughout the network. According to the previous popularity index, on July 15, the IPFS WeChat index reached 2852114, which is comparable to Bitcoin and about 6 times the Ethereum index. Recently, the Baidu search popularity of IPFS and Filecoin ranked first among blockchain projects. Reached 10.1 million and 7.7 million search results respectively, and the search popularity in the Google Index has also reached new highs. At present, the eyes of the currency circle, chain circle, disk circle, and traditional circle are all paying attention to IPFS and Filecoin. It can be expected that when the IPFS/Filecoin mainnet is officially launched, it will attract users from all circles and global investors. Attention, the number of users participating in investment is also expected to hit the highest in history! With an unprecedented strong user base, Filecoin's appreciation space is worth looking forward to.

Reason three: major exchanges around the world will actively list FIL

The place where Filecoin detonates is naturally indispensable for cryptocurrency exchanges. According to relevant data from non-small accounts, more than 50 exchanges around the world have officially launched FIL futures, and more than 300 SAAS exchanges under the chain platform have all launched FIL futures. According to incomplete statistics, only after June 24th, 20 exchanges launched FIL trading pairs. By July 8th, this number reached 45, and by July 24th, this number reached even more. There are more than 50 companies, many of which are world-renowned cryptocurrency trading platforms such as GATE and BiKi. After the FIL mainnet is officially launched, first-tier exchanges such as Binance and Huobi will also actively list FIL.

Reason 4: All resources are gathered to promote

When the Filecoin mainnet is about to go live, it has attracted high attention and participation from all parties around the world. Among the many institutions that have participated in the IPFS ecological construction and Filecoin investment, in addition to the aforementioned investment institutions, independent investors, and well-known exchanges In addition, it also includes IPFS technology providers and large-scale miners represented by Tianru 1475, Xianhe System, Space-Time Cloud, and Point Storage Technology, as well as many promotion brands such as Golden Cloud Computing, Mars Cloud Computing, Moore Cloud Mine, etc. There are also many FIL investors, a large number of hardware equipment providers, code contributors distributed all over the world, many commercial giants using IPFS technology such as Google Chrome, Microsoft, Huawei, JD, etc., with ETH and EOS Blockchain projects such as those that store data on IPFS, etc., can be said to gather resources from all parties in the IPFS ecosystem to jointly promote the development of the IPFS ecosystem and Filecoin.

Blockchain distributed storage has three characteristics: lower storage costs, safer data storage, and faster data transmission. As the blockchain technology continues to mature, more industries with storage requirements will incorporate IPFS applications.

Reason 5: The distribution mechanism is gradually released linearly

Linear release is an unlocking method often heard in the industry, that is, how often a certain amount of coins are released within a fixed period of time. Query the specific distribution model of FILECOIN through IPFS’s official website IPFS.IO. We have calculated the average daily output for the first six years of mining for miners based on the attenuation ratio, as follows:
The average daily output of mining in the first year is 418,000.
The next year an average of 372,000 daily output of mining,
the third annual average mining output 332,000 a day,
the fourth year of mining average daily output of 295,000,
the first five-year average mining output of 263,000 a day,
sixth The annual average mining output is 234,000 pieces per day,

We all know that most blockchain projects are based on a simple exponential decay model to reward tokens. Under this simple exponential decay model, bad health short-term behaviors around the network startup will be encouraged, which will encourage storage miners to increase their hardware In terms of excessive investment, the closed stage of mining will be completed as soon as possible, which will cause the currency price to fluctuate sharply, which is not conducive to long-term healthy development.
For storage miners, the economic incentive model is very important and will directly affect the enthusiasm and persistence of miners to participate in the ecology. The distribution model of Filecoin is carefully thought and designed, and is not an arbitrary behavior. The protocol laboratory has done a lot of analysis and calculations to ensure that the token issuance process is stable and there will be no sudden release of a large number of tokens. The fluctuation of currency prices caused by circumstances.

Reason 6: The unique mortgage mechanism makes it hard to find one currency in the market

Compared with mining projects such as BTC and ETH, the biggest highlight of Filecoin mining is the addition of a more reasonable mortgage mechanism. In Filecoin's mining mortgage mechanism, there are two types: "Pledge Collateral" and "Storage Collateral". It is precisely because of the existence of these two points in Filecoin mining that Filecoin mining is "difficult to find a coin" after it is officially opened, and the price of Filecoin itself will rise sharply.

In the entire system, the miners' income mainly comes from:
1. Block rewards: rewards obtained by packaging blocks
2. Storage income: storage income paid by customers (from user payments)
3. Search income: search income paid by customers ( From user fees)
4. Transaction fees: transaction fees, fuel costs

The biggest difference between Filecoin and other public chain systems is that it is a decentralized storage network. In this network, miners must first provide good data services in order to obtain revenue. If you can't provide high-quality data storage and retrieval services, it will hurt the entire network. How to ensure that miners provide high-quality data services? In short, the pledge is made through pledge. If the pledge cannot be fulfilled, the pledge deposit will be fined and managed through this economic model. Of course, on this network, services such as a credit mechanism can also be built to provide users with options for miners, so as to achieve a virtuous circle and promote the development of the entire network in a good direction.

Therefore, Filecoin's unique mortgage mechanism is like adding a safety valve to an already safe and reliable project, which greatly enhances the safety factor and greatly improves market stability. These mechanisms further increase the user consensus and the sustainability of the project. Optimistic about confidence.

Reason No. 7: The storage landing scene creates circulation

Because of its pragmatic and rigorous team spirit, solid and stable underlying technology, and scientific and reasonable incentive mechanism, IPFS is unique in the field of distributed storage, and has been trusted by many well-known companies and highly recognized by users around the world.

It is not so much that Filecoin's enthusiasm has made many people understand and interested in IPFS. It is more that IPFS itself supports the value and consensus of Filecoin because of its solid, mature, safe, reliable technology and wide range of applications. Without IPFS, Filecoin Just like a tree without roots, water without a source, without IPFS, Filecoin is like a castle in the sky, with consensus and no foundation.

Up to now, more and more mainstream commercial organizations have chosen to cooperate with IPFS. Next, let's take a look at the top giants that have reached cooperation with IPFS?

Although the Filecoin mainnet has not yet officially launched, many giants such as Huawei, Microsoft, Firefox, and imToken have adopted IPFS technology or reached substantial cooperation with IPFS.

Recently, Microsoft officially stated that "it will use IPFS technology to build a decentralized identity system." Microsoft's position in open source tools and services is getting higher and higher, and it has launched a standards-based decentralized identity service ION, which has already developed For more than a year, it is an example implementation of Sidetree (a distributed PKI protocol unrelated to the blockchain), which can run on the Bitcoin blockchain and store transaction data on IPFS.

Opera has 360 million users worldwide. Opera for Android 57 is now officially launched in the Google Play store and supports IPFS by default! This version is a huge leap for the IPFS project, and it has an important milestone: this is the first time that IPFS is enabled by default in the official version of a major web browser. This is the first time that IPFS can be directly used as an addressable protocol in production versions of mainstream web browsers. This is the first mobile web browser to provide IPFS support in a production version, thus simplifying decentralized content access on devices used by most Internet users worldwide.

Unstoppable Domains released a Chrome browser extension with built-in support for IPFS.

The Ethereum.org website is now hosted on IPFS and can be accessed through ethereum.eth of ENS.

JD Cloud has already used the IPFS protocol when storing data. It is not excluded that companies in the JD system will participate in Filecoin mining as miners in the Filecoin ecosystem in the future. Therefore, it can be seen that the large-scale application of IPFS, a decentralized storage protocol in the future, is an indisputable fact, and the FIL circulation scenario derived from it will also become a strong guarantee for the FIL price.

Reason 8: The founding team has sharpened its sword in six years

The founding team of IPFS adheres to the rigorous, pragmatic, and pragmatic craftsmen's caution. Since the project was established in May 2014, it has been more than 6 years in history. It has been like creating a unique artwork, one hammer and one chisel, meticulous crafting, and accumulating energy. Accumulation and accumulation is also one of the important reasons why IPFS/Filecoin is sought after by the market. In today’s era of profit-oriented guidance, the founding team of IPFS is like a clean stream, firmly committed to the supremacy of technology, adheres to rigorous logic, constantly polishing technical details, and encouraging global absenteeism. Participate in the test network, find and fix bugs, and innovate Filecoin's more scientific and reasonable release mechanism.

These bits and pieces of behavior, craftsmanship, and ultimate pursuit are constantly increasing the power of trust for the epoch-making technological revolution of IPFS, and constantly seeking to make progress after the launch of the Filecoin mainnet, and accumulating energy to grow into the upstart in the digital currency.
As the backbone of Web3.0, IPFS solves the problems of traditional centralized file storage systems. This also makes Protocol Labs extremely cautious when it officially opens the IPFS/Filecoin mainnet to the world. Today, with the conditions of all parties becoming mature, it is an indisputable fact that the IPFS/Filecoin mainnet has been launched recently; and IPFS/Filecoin has been accumulating market interest since 2018, and we believe that the mainnet will be officially launched Unprecedented energy will inevitably erupt later, and it will inevitably lead to FIL becoming the most dazzling star in the digital currency.

Reason Nine: The current investment is at the best time

Since the birth of BTC, the miners involved in mining have basically made money. Even now, the annualized rate of return of mining can reach about 25% even if the currency price does not rise. With the listing of Jianan Zhizhi and Yibang International on Nasdaq, we have seen the giants who participated in the early BTC miners earn a lot of money. Bitcoin has created a legend.

History is always surprisingly similar. Today, Filecoin, with its more solid technical foundation, stronger technical application, and broader user consensus, is on the stage. We will usher in a wealth of digital currency. If you compare BTC to the star of today, Filecoin is the star of tomorrow.

So when is the best time to participate? As early as 2017-2018, IPFS had many visionary investors who were optimistic about the future application prospects of this technology, and invested early in the layout, but the main network was not online, and only the mining machines invested Can be placed in the computer room and wait quietly. Although the investment is early at this time, it is too early and the funds have been idle for too long and there is no benefit.

2019 is the hottest year for IPFS, because the official announcement that the mainnet will be launched around March 2020, many people are also making investment arrangements at this time. Unexpectedly, due to an epidemic, the mainnet launch time was delayed twice. Until this official announcement, the mainnet went live around the end of August 2020, which poured cold water on many investors. From the initial enthusiasm to the current wait-and-see hesitation, users who invested in 2019 have still not made any gains today.

So when is the exact time of the mainnet launch, it is still uncertain, but the official test time of the big miners has been clearly launched on August 25. The mainnet launch time is just around the corner, and the best time to participate is on the mainnet 1 to 2 months before the line.

There are two reasons: First, if you invest now, you can lay out the mining machine and debug the software before it goes online. After it goes online, there will definitely be a good market. Just catch up, realize quickly, and make money back sooner. . Second, if you wait to enter after the launch, if the market is good, the popularity will be higher, and there will inevitably be a situation in which supply exceeds demand, leading to higher mining machine procurement costs, and missing the market just launched.

Any investment has risks and uncertainties. A high-level investment is to find a relatively safe investment opportunity through analysis and research under uncertain factors, thereby reducing risks and increasing returns.