Filecoin Review: Here’s The Lowdown On FIL!!

Hey Chaps / Chappettes,

Got another video up for you folks 📺

As promised, I wanted to take a look at Filecoin. They launched their mainnet last week and trading of FIL tokens exploded. Prices hit all time highs of over $131 but have since being on a pretty sustained downward trend.

This is because of concerns that were raised about centralisation and the cost of miners to run nodes. There was also a bit of a fracas about token unlocking which followed the release.

So, there is quite a lot going on here. Of course, I tried to capture everything I could when shooting this video.

In it, I take a look at the background, tech, mining, competition, tokenomics and what we could expect going forward. Of course, given how fluid the situation is, I may have to do *another* update in due course.

But I do hope you guys like it! 👇

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⛓️ 🔗 Useful Links 🔗 ⛓️

►IPFS Explained:    • IPFS: Interplanet...  

► Filecoin Mining Hardware Requirements: https://docs.filecoin.io/mine/hardwar...

► Decentralized Storage Applications on Filecoin: https://docs.filecoin.io/store/

► Filecoin’s 3 Economic Stages: https://spec.filecoin.io/#section-sys...

► Filecoin’s “Roadmap”: https://app.instagantt.com/shared/s/1...

► Filecoin Improvement Proposals Github: https://github.com/filecoin-project/FIPs

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📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.