6 reasons to choose IPFS/Filecoin!
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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, it is the value of 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 for the financing of early global blockchain projects 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.
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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. To query the specific distribution model of FILECOIN through the official website of IPFS, 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:
In the first year, an average of 418,000 coins were mined per day,
The average daily mining output in the second year was 372,000,
In the third year, the average daily mining output was 332,000,
In the fourth year, the average daily mining output was 295,000,
In the fifth year, an average of 263,000 pieces were mined per day,
In the sixth year, 234,000 coins were mined every 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 it is inevitable that the price of Filecoin itself will rise sharply.
In the entire system, miners' income mainly comes from:
1. Block rewards: rewards obtained by packaging blocks
2. Storage revenue: storage revenue paid by customers (from user payment)
3. Search income: search income paid by the customer (from user payment)
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.
