Why is Filecoin expected to reduce production in October? The circulation of FIL has reached 2 billion, of which 15% has contributed to the Interstellar File System, including the Protocol Laboratory and its teams and other donors, 5% to the Interstellar File System Foundation, and 10% to raise funds (public bonds/private funds), of which 7.5% was raised in 2017 (SAFT), and 2.5% to raise funds. Then why is Filecoin expected to reduce production in October? Focus on Filecoin mining today Server hosting Let's take a look at the Micron Network, and hope it can help you.
1. Distribution method:
The remaining 70% will be allocated to storage providers, of which 55% will be used as current storage incentives, including current block incentives, space competitions and faucets, and 15% will be used as reserve funds for future community projects to maintain the storage ecosystem.
2. Release method:
In order to free participants from short-term speculation, we encourage all participants to work together to promote the long-term development of the interstellar file system network, and develop a very reasonable release model. The release rules are divided into the following three types: for investors, the SAFT can choose six months, one year, two years, and three years of lock up period. The longer the lock up period, the lower the sales price. ProtocolLaboratory and the Interstellar File System Foundation believe that their FIL can be linearly unlocked within six years. For storage providers, 75% of the block rewards are unlocked linearly in 180 days, and 25% will be returned to storage providers immediately to improve their cash flow. One of the common points is that the lock silos are all linear releases. The difference is that the time of partial linear release of SAFT varies with the time of participating in the lock silos. This part accounts for 7.5% of the total interstellar file system, which is also the main reason for the decrease of FIL discussed today.
Green Document System Fund;
As the first financing project of CoinList, Star Chain File System raised more than 200 million dollars in just one hour, with more than 2100 participants. The financing process basically met the requirements of the U.S. Securities Regulatory Commission, and the financing process was basically consistent with the IPO process. It was the project with the highest financing amount at that time.
Publishing rules;
The interstellar file system token in SAFT will be released when the main network starts on October 15, 2020 at the block height of 148888. According to the locking time of investors, the star chain file system is released linearly based on each block. For example, if an investment cycle is 12 months, FIL will be gradually unlocked from 148888 blocks until 12 months later (about 1051200 blocks).
The specific issuance of Interstellar File System in SAFT is as follows. 58% of investors choose to release it in this three years, which indicates that most early investors are more optimistic about the long-term value of the Interstellar File System.
