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mjfrank

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Re: xZx post# 92

Wednesday, 04/14/2021 3:21:28 PM

Wednesday, April 14, 2021 3:21:28 PM

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The future of Filecoin

Another reason for the growing demand for Filecoin is the production cut scheduled on April 15. On the changing supply and demand economics of FIL, Liu stated: “The spike in FIL prices is mainly a result of speculation ahead of the April 15 production cut. The protocol currently releases 648,000 FIL per day, but after April 15, the production will decrease to 365,000 FIL per day.”

Thus, post the mid-year release of Simple Agreement for Future Tokens on April 15, the daily production of FIL will be reduced by 43.2%. At the time of writing, FIL has a circulating supply of 65.33 million tokens, with the maximum supply capped at 2 billion coins.

https://cointelegraph.com/news/fil-on-the-rise-filecoin-s-upcoming-production-cut-alters-tokenomics
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