One day in the currency circle, one year in the world, Bitcoin has created a miracle in the industry. It is said that one day's income in the currency circle is worth the income of other people in a year. This phenomenon continues to impact everyone's perception.
In recent years, the currency market has fluctuated. The first second is still surging, and the next second will fall sharply. It is difficult to grasp currency prices when speculating coins. You never know that you are on the top or bottom of a mountain. Everyone can become Cut leek. At this time, people began to focus on the more stable mining industry.
The Filcoin mainnet was officially launched on October 15th, and the filcoin coin officially landed on major exchanges on October 15th. The issuance price of Filecoin exceeded $200 at a time, and then fell back to $60, opening higher and lower. The Filecoin coin price bubble was too big in the previous period, and it is normal to stabilize at around $20 in the later period. Why is this happening? Since the entire ecosystem of Filecoin is not perfect enough, if the Filecoin white paper is divided into ten steps, then it will only take the first step, and there is still a long way to go. If you hold the miners who got rich overnight, then I Suggest that you can just give up.
The original Bitcoin miners took the lead in mining, and most people gained financial freedom. Everyone began to look for opportunities similar to the original early Bitcoin mining. The launch of the superstar project Filecoin in 2017 attracted great attention. Philcoin created the miracle of global ICO (Initial Coin Offering) private equity and became the only phenomenon-level ICO in the world. It raised more than $257 million in one hour and became the world's most eye-catching and most watched star ICO. Comparable to the Ethereum project. The Filecoin code was open sourced in February 2019. In 2020, the IPFS mainnet will go live in October this year after two rounds of testing.
The birth of IPFS and Filecoin has greatly promoted the sharing of data storage, and the value of Filecoin lies in this.
Fairkin Economic Model
How much profit is the mining machine? First of all, it depends on the period you participate in and the number of coins mined by the mining machine. Because mining is a variable, there is a slight deviation in the number of coins every day, and the actual income shall prevail. Now the price of FIL coin is around US$30. Taking the released coins as an example, we can estimate our own earnings. The price of coins keeps rising. The more coins we release, the higher our earnings.
How much will Filecoin coins rise?
Filecoin is supported by IPFS technology and is the only project on the blockchain that has practical applications. Due to the continuous promotion of IPFS, market demand will continue to grow, and the total circulation of Filecoin is only 2 billion, and the consensus mechanism of IPFS, the price of Filecoin will also be very optimistic.
IPFS is now widely used by Microsoft, Firefox browser, German Space Center, American Apollo Moon Landing Program, Canadian Government, Library of Congress, World Wide Web, imToken Wallet, EOS, etc.
As of October 20th, Filecoin's stock prices on major websites and exchanges have been close to the range of $30-40.
The hype of Filecoin is not unfounded, and the implementation of this plan is widely supported by the miners and dApp ecosystem.
Erik Voorhees, founder of the cryptocurrency exchange ShapeShift, said that Filecoin will become one of the most professional, best executed and most valuable projects in the ICO era.
What if the final total value of the files stored on Filecoin exceeds the network itself? Doing so will encourage verifiers to collude with each other and steal their information without guaranteeing network security, thereby endangering the entire system.
After Filecoin's mainnet went live, within 15 to 30 days after the official release of the space race currency officially distributed by Filecoin, Quickcash was responsible for 1:1 unlimited exchange of QFIL (no need to wait for 180 antennas to be released). However, Quickcash recently announced that QFIL and FIL will be open for exchange in advance, which is undoubtedly a gospel. The statement said: ZB will open QFIL- DeFi mining and QuickCash cross-chain exchange at 20:00 on October 19th. For users who hold FIL, they can choose between ZB-DeFi mining machines. Cross-chain exchange, exchange QFIL with FIL 1:1, and participate in DeFi liquidity mining. Users with FIL can easily join DeFi's high-yield liquidity mining through exchange.
With Filecoin's amazing community enthusiasm, will it trigger another wave of hype and make prices fluctuate again? In other words, can Filecoin expand the market smoothly as many analysts are optimistic? The value of the project is very worthy of attention.