Filecoin Futures Gains 750% Hours Before Mainnet Launch
The price of the Filecoin project token in the futures of the Gate.io cryptocurrency exchange at low volumes today grew by 750% in half an hour to a peak of $ 237.
By the time of publication, the indicator had adjusted to $ 160, but it still remains several times higher than the values of the previous days. As part of the closed campaign, the sale of tokens was carried out at $ 0.75 per unit.
Filecoin’s growth comes in anticipation of the project’s highly anticipated mainnet launch. The transition from the test network to the main network will occur at block 148 888. At the time of publication, the height of the last block is 148 582. Based on the current block release rate of 30 seconds, it can be expected that the specified block will be mined in less than three hours.
At the same time, cryptocurrency exchanges are preparing to support trading with a new asset. In particular, Kraken, Gemini, Binance and Huobi have already announced the upcoming listing..
In 2017, the organizers of Filecoin raised $ 257 million through ICO, the largest amount at that time and one of the largest for the entire existence of this type of fundraising. The project is developing a decentralized data warehouse with an additional incentive for system participants as its own token. In fact, Filecoin is conceived as an alternative to Dropbox, OneDrive and Google Drive, where users will not go to corporations, but to each other for storage space..
Traders are encouraged to be careful when trading FIL. The launch of the project has been repeatedly postponed, and therefore there is a threat of the sale of tokens by holders who expected to get access to liquidity much earlier than today..
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