How many secrets does Filecoin hide? How can someone make 10 million with 10,000?

This article will mention the part that everyone is confused about during this period. How many secrets of the Filecoin project are still unknown to us?

It was confusing before the launch and confusing after the launch.

1. When will the mainnet be launched?

On October 15, the mainnet was launched on the 14888th block of the Filecoin network - this is fake. The real mainnet launch time should be August 25, but the actual situation is that it was launched on that day.

The correct answer is: the mainnet was launched on the first day of the testnet, which is August 25 (the seventh day of the seventh month of the lunar calendar, Chinese Valentine's Day). All the coins during the test, including the 100 Filecoin test coins that each GitHub account can get from the official website, are also real Filecoin.

Block 14888, screenshot taken on the night of October 15th, as a souvenir - "Memorial for Forgetting"

2. Can test coins be used as mainnet coins?

Yes. The test coins are the mainnet coins, absolutely true.

3. Who knew this information first? Who made money?

A few days before the mainnet was launched, some senior miners already knew about it. The latest time they knew about it was the afternoon of October 15th.

At that time, in order to accumulate computing power, everyone believed that test coins could only transfer computing power and the coins had no actual value, or that the value of test coins was only to increase computing power, and the value was zero. At that time, the over-the-counter price of test coins was between 0.5-5 RMB/coin . Some miners bought a lot of Filecoin test coins at the price of 1 RMB. In other words, if the test coins were sold at a high point of 150-200U on gate or huobi on the day of launch, they would earn more than 1,000 times. If the miners had "accidentally" purchased this test coin before, they could earn 10 million with 10,000 yuan. However, this was not money earned by using information. When they bought it before, it was just to increase computing power, and they were probably unaware of it.

4. Who lost money?

Some retail investors. Or most retail investors.

The lowest price of the Fil perpetual contract on OKEx was around US$18, and it is estimated that more than 60% of the positions were liquidated.

The only way to make money in the spot market is to rush to buy it the moment it is launched on Gate or Huobi. You can buy 50U and sell more than 100, and double your profit in three minutes. In fact, some friends have done this.

5. Which exchange will go online first?

Among the three major exchanges, Huobi took the lead as predicted.

In terms of exact time, Gate was launched earlier, on the afternoon of October 15th.

6. How will the price of the currency go?

The decline that was predicted before has indeed occurred and will continue to decline because of the liquidity problem.

7. What is the actual circulation volume?

Perhaps apart from the project party themselves, few people know about it.

We only know that more than 12 million tokens have been pledged, but is the circulating supply 10 million, 20 million, or 30 million? The circulating supply is unknown.

If someone writes out the circulation volume, don't believe it. It's just made up.

• https://filfox.info/en.

• https://filscan.io/pool#/home

• https://fil.club/index

The pledge data and computing power data of the above three websites are basically accurate. However, when it comes to the circulation volume, they either do not write it or write it incorrectly.

If you want to estimate the circulation volume, currently (October 19, 2020) it can be based on 32 million pieces (excluding pledged).

8. What’s going on if the miners’ computing power doesn’t increase? What are the consequences?

Because miners think that the price of Filecoin is high and are unwilling to buy coins for pledge, the computing power does not increase.

There is no impact on computing power investors (retail investors). No one is growing, the computing power ratio remains unchanged, and the number of coins remains unchanged.

Of course, it is not good for the project itself. In history, there are very few mining coin projects that do not increase computing power in the first three days after the main network is launched.

9. What should friends who have purchased mining machines or computing power do?

wait.

Wait for the miners to give policies, wait for the official explanation, and wait for the implementation of the currency policy. Slowly get your money back.

10. 25% of the mined coins will be released directly. Has this proposal been passed?

It is likely to be passed this week. After it is passed, the price of the currency will fall further.

The Filecoin project's approach is comparable to "light steps on water", which always gives people a lot of surprises - and it's not just one person who bangs the table.