Filecoin Economic Report (Full Text): Principles of Token Economic Model Design

Jinse Finance, August 28 News The distributed storage project Filecoin (FIL) officially released a 32-page Filecoin economic report, which elaborated the principles and rules of the token economic model design. According to the distribution rules of Filecoin tokens, the total amount of Filecoin tokens is 2 billion, 5% is allocated to the Filecoin Foundation, 10% is used for financing, 15% is allocated to protocol laboratories, and 70% is allocated to miners. 15% of the total amount of tokens (accounting for 21.4% of miner rewards) will be used as mining reserves to motivate retrieval miners and other types of miners in the future. The specific usage method will be jointly decided by the community through the Filecoin Improvement Proposal (FIP) . The Filecoin network introduces the concept of block reward benchmark minting, which distributes tokens by estimating network utility, changing the traditional method of minting tokens purely based on the passage of time. The Filecoin team also stated that new functions such as maintenance miners, application miners, Filecoin lending, and general smart contracts may be launched in the future. It was previously reported that the Filecoin mainnet will be launched in mid-to-late September, and FIL tokens are expected to be issued in late September.

The current effective computing power of the Filecoin network is 12.59EiB: Jinse Finance reported that Filfox browser data shows that the current block height of the Filecoin network is 1210704, the effective computing power of the entire network is 12.59EiB, and the total pledged amount is about 119.09 million FIL. The number of active-ethexc miners is 3,401, and the reward per block is 23.526 FIL. In the past 24 hours, 337,624 FILs have been produced. The average mining income in 24 hours is 0.0258 FIL/TiB. The current circulation of FIL is 185,421,809. Currently, 28,488,746 FILs are destroyed. [2021/10/19 20:39:46]

Download link: https://filecoin.io/zh-cn/2020-engineering-filecoins-economy-zh-cn.pdf

FIL hit 50 USDT for a short time: According to data from Huobi Global, FIL has just touched 50 USDT for a short time, and is now at 51.09 USDT, a daily drop of 2.58%. The market fluctuates greatly, so please do a good job in risk control. [2020/10/17]

Huobi will launch the FIL perpetual contract at 14:00 on October 16: According to the official announcement of Huobi Futures, Huobi Futures will launch the FIL (Filecoin) perpetual contract on October 16, Singapore time, and start fund transfer at 13:00. Trading will be officially opened at 14:00, supporting multiples of 1x-75x. Previously, the Huobi perpetual contract has covered 64 mainstream popular currencies including BTC, ETH, LINK, UNI, etc.

It is reported that the newly launched FIL perpetual contract has no delivery date, the face value of the contract is 10 US dollars per contract, and the target of the contract is the spot US dollar index of the corresponding digital asset, and it is settled every 8 hours, and the settlement time stamps are 4:00 and 12:00 respectively. :00 and 20:00 (GMT+8), the user's realized profit can be withdrawn immediately after settlement. For details, please refer to the announcement on Huobi Futures official website. [2020/10/16]

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