Yesterday, the three major A-share indices opened lower all the way, and in the afternoon the Shanghai Composite Index fell below 3,200 and fell rapidly to approach 3,200 points!

Compared with the miserable stock market, Filecoin futures have been rising all the way, up 37.37% in the past month.

Many financial novices will definitely ask, how come the price has already risen when Filecoin has been delayed again and again and the mainnet hasn’t even been launched yet?

In fact, the Filecoin price we are talking about now is not the real digital currency, but the price of delivery upon maturity. In fact, the origin of Filecoin futures can be traced back to the ICO in 2017.

In 2017, Filecoin launched its ICO fundraising. During this fundraising, everyone also knew that after the Filecoin mainnet is launched:

Miners: 70% (i.e. 1.4 billion) , released linearly through block rewards, halved every 6 years;

Team: 15% (i.e. 300 million) , as the R&D and operating expenses of the Protocol Labs team, released linearly over 6 years;

Investors: 10% (i.e. 200 million pieces) , allocated to investors participating in private and public offerings, and released linearly over 6-36 months;

Foundation: 5% (i.e. 100 million) , as the cost of long-term community construction, network management, etc., released linearly over 6 years;

But before these FIL coins go online on the mainnet, none of them are real.

This raises a question: how can investors who participate in ICO and fundraising get their own FIL coins after the mainnet goes online?

In fact, there is no need to worry about this issue, because Filecoin raised funds through the CoinList platform when it raised funds through the ICO in 2017. CoinList is a digital currency issuance platform specially developed by Protocol Labs. The requirements for investor review are completely in accordance with the US SEC standards to ensure that every investment is legal and compliant.

At the same time, the project party will sign a SAFT agreement with investors. This agreement is strictly protected by law. You can understand that this agreement is equivalent to a futures agreement for FIL coins.

However, since the main network has not yet been launched, no matter which investor it is, they do not have FIL coins.

So everyone should understand what Filecoin futures are in the market, right? In fact, investors who have signed SAFT agreements release their signed shares and enter the exchange in the form of futures.

In the past month, Filecoin futures have risen by 37% and now have reached 116 yuan. Is this price expensive?

In fact, from the perspective of the Filecoin project, 116 yuan is really not expensive. In fact, since the start of Filecoin fundraising, it has risen to 28 US dollars. Now this price is actually lower than market expectations. This is also the reason why futures have continued to rise in the past month. I believe that the price of Filecoin will have a big increase after the mainnet is launched in the future.

Many friends will ask, since the price of FIL is so cheap now, and it is protected by the SAFT agreement, and there is still room for appreciation in the future, wouldn’t it be a great bargain to buy it now?

When bargains come, you must be alert. Because futures traded on exchanges are different from traditional futures products. In traditional markets, failure to deliver futures is subject to legal sanctions, but in exchanges, it is not subject to legal regulation. Everything is delivered by both parties based on consensus and trust.

So here comes the question, do exchanges really have the qualifications, capital, and FIL coins to do futures delivery? Actually not.

We divide the existing platform FIL futures into three categories:

First: Institutions or individuals with SAFT agreements cooperate with trading platforms, and these platforms are very likely to cash out to users.

Second: Cooperate with large miners to redeem platform users through tokens mined from Filecoin in the future.

Third: Purely selling air under the guise of Filecoin.

Therefore, we can find that the currency prices on various exchange platforms vary greatly, with the highest being 377 yuan and the lowest being 64 yuan. The transaction risks can be imagined.

Therefore, I would like to remind everyone that before participating in FIL coin futures investment, you should first understand the qualifications of the exchange. At the same time, the risks in the secondary market are too great, so be careful to identify them.

Therefore, we recommend that you enter the primary market and invest directly as a miner. This way, you don’t need to pay attention to the short-term price of Filecoin. Compared with investing in futures, entering the secondary market is not only stable but also safer, and more suitable for ordinary investors.