Filecoin is not crashing, do not panic yet.

Disclaimer:

This article is contributed by DMEX’s community volunteers. This article consists of personal opinions and/or analyses of the DMEX project. None of the information contained here constitutes an offer (or solicitation of an offer) to buy or sell any currency, product, or financial instrument, to make any investment, or to participate in any particular trading strategy.

Not surprisingly, Filecoin (FIL) followed the general market pullback again this time, with the coin price dipping again. As of May 6, FIL was quoted at $13.90 on the exchange, a 24-hour drop of 10.55%.

As a once highly regarded mainstream coin, FIL’s market movements in the last six months have made a crowd of investors love it and hate it, which is probably the charm of the crypto market. With an uncertain future and an uncertain coin price trend, even more favorable good news may not necessarily go up, and vice versa.

In fact, there have always been three interests present in the FIL market: the founding team of Juan, service providers and big institutions. In the beginning, it was definitely Juan who was the strongest, holding the initial 50 million FIL. if he wanted to arbitrage, the price of the coin would not have risen at all. in fact, he did not want to pull the price of the coin very high at the beginning, but to rise smoothly and slowly at the beginning, preferably to go a slow bull, so that there would be enough time to improve the technology.

Then there is the service provider. A service provider who has faith in FIL should be constantly upgrading their technology, contributing more data and improving the stability of the system. Finally, there are the institutions, who are the pushers that stir up FIL’s short-term coin price. With more capital and power, they hold the power of market discourse. They have more power than the traditional market.

Officially from Filecoin, the project has not given up on development and the expansion of new applications. For example, the upcoming launch of Filecoin FVM (Virtual Machine), which could be an opportunity for Filecoin to start up again, is good news for Filecoin as a whole. In layman’s terms, it means that Filecoin will be an Ethereum-like public chain, similar to BSC, and a large number of Ethereum applications can be directly panned to the Filecoin ecosystem.

It can be understood that FVM brings a brand new development route to Filecoin: distributed ledger + smart contract computing + IPFS data storage and web 3.0 ecological construction. Plus, the vast majority of NFT projects currently running on public chains like ETH are using IPFS/Filecoin’s storage technology, which can be seen as the cornerstone of FIL’s future value enhancement. For me personally, I remain optimistic about the future of Filecoin and distributed storage technology.

For the average investor, I don’t see much point in studying this. The market is ultimately a zero-sum game, and FIL to this day is the result of a combination of factors. If you believe in the future of the Filecoin ecosystem, instead of complaining about the price of the coin (the price is determined by the market), you should actively increase the quantity (by studying and taking advantage of its mechanism in depth), creating certainty out of uncertainty is perhaps the ultimate rule of our investment.

So, how to get more Filecoin at a lower cost? I would choose a reliable platform to mine Filecoin.

I recommend a platform I am using — DMEX ((dmex.finance). This is a stable decentralized platform, which means that you can directly subscribe to FIL arithmetic mining through your wallet, without the need to buy FIL mining equipment, participate in operations and maintenance and other cumbersome operations. It is very efficient as it can be bought and mined immediately, and the revenue is settled on a “T+1” basis. Currently DMEX is selling FIL arithmetic NFT subscription price of 6.5 FIL/T, the mining cycle is 540 days, after the expiry of the pledged coins returned 5.5 FIL/T, output earnings 5/5 cents.

(a) If you currently hold 1,000 FIL with a coin price of $14 and a total value of $14,000.
(1) Hold it still and wait for the coin price to rise to $50 for a total value of $50,000.
(2) Hold inactive and wait for the coin price to fall to $10 for a total value of $10,000.
(3) DMEX arithmetic NFT mining, pledged coins return on expiry, consume a small amount of Gas, equipment and technical operation and maintenance platform is responsible for, earnings are settled daily.

So, 1,000 FIL can roughly encapsulate 153.8 T of arithmetic power. The current single-T output is approximately 0.017 FIL, resulting in a daily revenue of 153.8*0.017*50% ≈ 1.3 FIL.

Taking into account the decay of the arithmetic output factor, 540 days mining cycle we calculate the return according to the average single T daily 0.015 FIL, resulting in: 540 * 153.8 * 0.015 * 50% ≈ 622.89 FIL (as the single T output is currently declining relatively slowly, the output can still maintain a small decline, the sooner you participate, the better).

Return to maturity: 153.8*5.5 = 845.9 FIL
Total return at maturity: 622.89 + 845.9 = 1468.79 FIL

In other words, you use 1000 FIL and you get almost 1468 FIL after one and a half years, so.

(1) This is equivalent to being able to protect against a 30% fall.
That is, even if the FIL price drops to $10 after 540 days, the total value of your holding is: 1468.79*10 = $1468.79

(2) If the FIL price rises to $50 after 540 days, you get: $1468.79*50 = $73,439.5, which is $20,000 more than if you held on to it, i.e. 40% more.

If you still have expectations of FIL, then actively find ways to increase the quantity. If the price falls, you can hedge against depreciation; if the price rises, you can accelerate appreciation! That’s why I’ve been sticking with DMEX arithmetic mining. Stick to long-termism and you will naturally reap what you want!

In fact, the DMEX platform also offers FIL current and fixed term banking. Based on an annualised rate of 17.75% for call and 32% for fixed term as at 6 May, the returns for the same, held for 1,000 FIL for 540 days, would be

FIL Current (pay-as-you-go), 1,000*17.75%*540/365 ≈ 262.6 FIL
FIL Term (flexible allocation), 1,000*32%*540/365 ≈ 473.42 FIL

In the face of the general decline of FIL and other mainstream coins, all we ordinary investors can do is to spread our investment risk as much as possible and optimize our asset allocation. All in all, DMEX is a comprehensive FIL financial platform with solid returns, and you are free to choose according to your actual situation.

Disclaimer:

This article is contributed by DMEX’s community volunteers. This article consists of personal opinions and/or analyses of the DMEX project. None of the information contained here constitutes an offer (or solicitation of an offer) to buy or sell any currency, product, or financial instrument, to make any investment, or to participate in any particular trading strategy.

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DMEX is a decentralized mining power financial service platform utilizing DAO and smart contract to provide innovative DeFi and NFT products.