Filecoin economic model adjustment is good for miners!

Professionalism and focus, win-win cooperation

In the early morning of September 8th, Beijing time, Filecoin officially released the latest announcement on the economic model. The announcement shows that the economic model coefficients will be adjusted as follows:

1. The baseline initial value is raised and the growth rate is lowered to provide more lasting incentives for economic development.

2. The block reward unlocking will be delayed for 20 days and will be unlocked as soon as mining begins.

3. Sector fault detection fees and sector termination fees are reduced to reduce the operation and maintenance risks of miners.

4. The minimum storage order pledge is lowered, making paid orders more attractive.

5. The sector failure fee is actually low, but it will not be increased for the time being because the network is in its early stages.