Redemption of Filecoin futures products-QFIL is the best product on the eve

What is the hottest project in the currency circle this year? The first must be Uniswap, and the other is Filecoin. Undoubtedly, the popularity of UNI has just passed, and the mainnet launch of Filecoin has become the highest popularity at this stage!

According to the official news of IPFS Filecoin, the Filecoin mainnet will be launched at blockchain time Epoch 148888, approximately on October 15, 2020. Then start a period of monitoring and problem solving to ensure the normal operation of the network after the transition. In addition, a week-long Filecoin launch event will be held from October 19th to October 23rd.

The major exchanges have also issued announcements a long time ago. After the mainnet of Filecoin is launched, ZB, Huobi, OKEx and other leading exchanges will also launch FIL trading as soon as possible!

FIL breaks through the $75 mark with an intraday increase of 4.93%: According to data from Huobi Global, FIL has risen in the short term, breaking through the $75 mark, and is now at $75.01, with an intraday increase of 4.93%. The market fluctuates greatly, so please do a good job in risk control. [2021/6/3 23:08:44]

Along with the countdown to the launch of the Filecoin mainnet, the futures products on the eve of FLV have also slowly drawn down the curtain. The handling of FIL eve futures products in major exchanges has also become the most concerned issue for coin lovers!

On October 11, ZB also released the official announcement of two Filecoin futures products, namely FIL6Z and QFIL.

Regarding FIL6Z, according to the official announcement of ZB, ZB will close the deposit and withdrawal function of FIL6Z at 14:00 on October 12 before Filecoin is launched on the mainnet, and suspend the FIL6Z margin trading and Yucoin wealth management functions at 16:00 on October 14 . After the Filecoin mainnet is launched, FIL6Z will be released in a daily linear unlocking manner. The ZB platform has a total of about 135,000 FIL6Z, and about 750 FIL6Z will be released every day. Within 180 days after the launch of the mainnet, the platform will check the FIL6Z available balance of all users' spot accounts from 16:00-16:30 every day. On the 180th day after the mainnet goes live, the platform will stop all transactions of FIL6Z and deliver all the remaining FIL6Z.

The current total pledge amount of the Filecoin network is about 74.11 million FIL: According to IPFS100.com, Filfox browser data shows that the current block height of the Filecoin network is 770040, the effective computing power of the entire network is 5.438EiB, and the total pledge amount is about 74.11 million FIL, the number of active-zce miners is 2296, the reward per block is 25.7177FIL, the output in the past 24 hours is 368688FIL, the average mining income in 24 hours is 0.0650FIL/TiB, and the current circulation of FIL is 124624508FIL. The current top three effective computing power are: f0127595 (Space-Time Cloud) temporarily ranks first with 118.07PiB, f0135467 (RRM-Athena) ranks second with 106.34PiB, and f0142720 (RRM-Athena) ranks second with 103.79PiB Ranked third. [2021/5/19 22:19:31]

Regarding QFIL, according to ZB’s official announcement, after the Filecoin mainnet goes live, within 15 to 30 days after Filecoin’s official distribution of space race coins starts to be released linearly, Quickcash is responsible for 1:1 unlimited exchange of QFIL (no need to wait for the 180-day linear release) . At that time, the ZAPP of the ZB APP will launch QuickCash’s QFIL exchange ZAPP, and users can go to the ZAPP to exchange by themselves.

OKEx will launch the cross-chain gateway service, which currently supports BTC, DOT, and FIL for cross-chain operations: OKEx official announcement stated that the cross-chain gateway service will be launched before December 18 (HKT). The cross-chain gateway currently supports BTC, DOT, FIL conducts cross-chain operations, and the cross-chain tokens BTCK, DOTK, and FILK obtained through exchange are collectively referred to as K assets, and more cross-chain assets will be supported in the future. At present, K Asset supports withdrawing coins to the Ethereum blockchain, and will support more public chains such as OKExChain and Tron in the future. [2020/12/16 15:22:21]

At present, only Gate.io and ZB.com have announced the delivery and payment plan among the top major exchanges. I believe that other exchanges will release announcements about the payment of FIL products soon!

Filecoin's futures products all have a certain lock-up period. The most famous futures products are FIL6, FIL12 and FIL36, and of course there are high-quality futures products like QFIL and so on.

The current total pledge amount of the Filecoin testnet is about 8.4618 million FIL: According to IPFS100.com, filfox browser data shows that the current block height of the Filecoin testnet is 102172, the effective computing power of the entire network is 353.62PiB, and the total pledge amount is about 8.4618 million FIL, 413 active-zce miners, 12.90 FIL per block, 155,216 FIL output in the past 24 hours, and 0.44 FIL/TiB average mining income in 24 hours;

The current top three effective computing power are: t01248 (Xianhe/Zhiheyun) temporarily ranks first with 21.51PiB, t02775 (STCloud-Linden) ranks second with 20.21PiB, and t09037 (SeedPlan-Saturn) ranks 18.54 Ranked third. [2020/9/29]

First of all, we need to know what FIL6, FIL12, and FIL36 represent?

The total computing power of the Filecoin space race reached 134 PiB: According to official data, the Filecoin space race started at 6:00 am on August 25 and has been running for 13 days and 8 hours. The total computing power of the whole network is 134 PiB, and the number of active-zce miners is 358. The average storage transaction success rate is 69%, and the average retrieval success rate is 88%. The official node IPFSMain 12.91 PiB ranks first in terms of effective computing power, and the top five miners are as shown in the figure below. [2020/9/7]

The number behind FIL represents how long it will take for FIL to be released for delivery after the mainnet goes live. FIL6 is the futures of 6 months after the mainnet launch, FIL12 is 12 months, and FIL36 is 36 months. As the shortest futures time, FIL6 has naturally become one of the most popular FIL eve futures products. At the same time, FIL series products have also been registered on many leading exchanges. For example, FIL6 has launched ZB, Gate.io, XT, etc., and Lbank has launched three series of FIL futures products.

According to the latest official time schedule, the mainnet is expected to be launched on October 15th, so that means that coin lovers who have purchased FIL12 will have to wait 12 months to complete the payment.

We plan for the worst. After the mainnet goes online, the development of Filecoin is not as good as expected, or there are relatively large risks during the early mining operation that lead to a downturn in spot prices, and in extreme cases, risks such as policy containment may induce futures stampede.

This is a huge time risk for investors. If the price of FIL peaks before delivery, wouldn’t it be a waste of time?

Therefore, with regard to the redemption of Filecoin futures products, the most concerned thing for coin lovers is undoubtedly the redemption time. Let’s take a look at FIL6 first. From the announcements of ZB and Gate.io, we can see that both ZB and Gate.io are released at a uniform rate of SAFT every day. It is currently the fastest release standard on the entire network, and requires a 180-day waiting period! The 180-day waiting period is undoubtedly too long, not to mention FIL12 and FIL36.

Looking back at QFIL, after the Filecoin mainnet goes live, within 15 to 30 days after the official distribution of Filecoin’s space race coins starts to be released linearly, Quickcash is responsible for 1:1 unlimited exchange of QFIL (no need to wait for 180 antennas for linear release). This means that QFIL can be redeemed within 15 days at the earliest after the Filecoin mainnet goes live. If the mainnet can be launched around the 15th, then in November, coin lovers who hold QFIL can start to redeem FIL.

From this point of view, the starting value of QFIL is far greater than FIL6, FIL12, FIL36 and other futures products under Filecoin, because the speed of redemption largely determines the value of futures!

Looking at the market again, the price of FIL6Z in ZB is 200.8QC, which is equivalent to about 200 yuan. The 24-hour increase is 22.06%, the highest price is 216.8, the lowest price is 164.09, and the 24-hour trading volume is 22,400!

Gate.io's similar FIL6 products are roughly the same price as ZB! The real-time price of FIL6 on Gate.io is 195.92 yuan!

On the other hand, the price of QFIL is much higher than that of FIL6. The real-time price of QFIL is 325.3 RMB, the highest price is 350, and the lowest price is 316.2,24.

From the perspective of the three series of FIL products, FIL6 is the best futures choice; however, looking at all Filecoin futures products, QFIL with a 15-30-day lock-up period is undoubtedly the best of all other products!

Filecoin has experienced multiple launch delays. The determination of the launch time this time is definitely a reassurance for coin lovers who hold Filecoin products. The determination of the redemption time has made the coin lovers see the dawn of dawn!

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