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(“What does the unlocking of fil tokens mean (fin tokens)?”,

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\”The token of Filecoin is called file (FIL), and its main purpose is to protec

(What does the unlocking of fil tokens mean (fin tokens)?,

“The token of Filecoin is called file (FIL), and its main purpose is to protect the value storage in the network ecosystem through destruction. In a sense, the understandable way to describe the meaning of token unlocking is simply: – It will reduce the total supply by 20% upon release, as these tokens will not be mined or traded on the secondary market. – Due to this mechanism, similar to Bitcoin, many investors choose to deposit funds in an exchange and sell some tokens. If users purchase these tokens, they cannot participate in mining anymore, causing the price to rise. However, this situation may lead to a loss of confidence in its future, ultimately resulting in market elimination. However, as time progresses, people have become more interested in how to use Fil and have gradually started paying attention to the project’s prospects and other aspects of information. According to recent media reports, over 50 institutions have announced their support for using fil tokens to pay transaction fees, including well-known investment companies and early-stage funds such as Sequoia China and SoftBank Group. In addition, it has been revealed that more than a dozen large cryptocurrency projects have launched their own digital wallets – CoinbaseWallet.

fin tokens

According to bitcoinist news, one of the creators of fin (FIN) tokens announced on June 22, 2018, that they will issue a new cryptocurrency supported by about 1 million fin tokens. According to the official statement, these tokens are unrelated to the project’s main business but can be considered as a means of value storage and exchange. For the fin protocol, this is a five-year commitment that allows transactions to be conducted using a blockchain-based payment system without relying on third-party intermediaries for the operation of the entire system. This may bring additional risks and impacts.”)

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