We get a lot of questions on the #tokenomics of Filecoin.
The @FilecoinTLDR blog tackles these questions while explaining the role of $FIL and how value accrual for token holders aligns with the long-term utility of the protocol: https://t.co/UGjLIALMHR
1/x What makes Filecoin a different L1: A thread
@Filecoin will launch smart contracts in Mar'23, making it a fully-fledged L1. This is a big deal.
So what sets Filecoin apart & how can we interpret its position as it enters a seemingly “crowded" L1 space?
Let's dive deeper ⤵️
According to the latest @MessariCrypto Report, Filecoin's storage costs are an incredible 95% lower per-terabyte than @Amazon S3 🤯
Leverage Filecoin's distributed cloud for secure, reliable, cost-effective storage: https://t.co/KTWP1yQeF9
1/ If you're reading this you survived 2022.
We assume you likely read last year's version of @twobitidiot's Crypto Theses and used it to weather the Terra collapse, CeFi fallout, and FTX collapse.
What's next? Let's prepare for 2023 with this year's edition, #Theses2023👇
Sharks are better at riding waves 🌊 🦈
Filecoin's v17 upgrade, Shark, delivers a wave of protocol refinements 🌊 allowing for useful FVM-compatible smart contracts to be written for programmable markets, lending contracts, and more. Coming on Nov 30th!
https://t.co/p4osXuoz0h
Bullish on the metaverse but hesitant to purchase individual assets such as PFPs or land?
Many investors use a “pick and shovel” strategy, focusing on protocols building the infrastructure for Web3
@Filecoin is one such project with the potential to 50x-100x
Here’s why
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While SP discovery and deal negotiation happen primarily off-chain, storage deals made in the #Filecoin storage market will be continuously verified by the #blockchain to ensure they are properly stored by storage providers (SPs). Here’s an overview of how deals are made👀:
While smart contract programmability has yet to be deployed on #Filecoin, decentralized bridges and centralized custodians have made $FIL available to thriving #DeFi markets by wrapping it to ERC-20 standard-compatible tokens. Here’s some Wrapped $FIL solutions to check out↘️:
The #FVM is a BIG deal!
It empowers developers to customize what the #Filecoin network can do for them, far beyond only storage and retrieval.
Data DAOs, decentralized compute, and so much more. 🤩
Full talk on FVM: https://t.co/hKAmFOPjHs
Two big lessons:
1: Never use a token you created as collateral.
2: Don’t borrow if you run a crypto business. Don't use capital "efficiently". Have a large reserve.
Binance has never used BNB for collateral, and we have never taken on debt.
Stay #SAFU.🙏
Want to partner with an NFT project?
All projects are different — from decentralized teams of people to a single founder and their community.
We put together some tips on how you can reach out, work with them, and make the most of your partnership.
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https://t.co/ZDJXsSHlyv
Congratulations to an incredible 200 PiB of real data stored on Filecoin!🎉
✅The world's largest decentralized storage network
📈 Becoming home to the most valuable data
🚀Preserving humanity's most important information
FIPs are designed to support changes to the underlying @Filecoin protocol. FIP-0036, which proposes a sector duration multiple for longer sector commitment, will be voted on via a FIL Poll to reach consensus in a fair and decentralized manner ⬇️
Loopring Earn is expanding - now with Dual Investment directly on L2💙
Available today on web app and android Loopring smart wallets with iOS coming shortly🪄
🔥https://t.co/3pvoSYKuTy
Learn how to use dual investment + understand the risks here👇
➡️https://t.co/NAfI2UwvLP
Listen to this clip of @BlockchainDoug explaining how @Kadena_io can scale #Bitcoin's PoW blockchain with our unique architecture, allowing #Kadena to handle global transaction volume without breaking a sweat!