Filecoin explained the purpose of tokens …

Filecoin explained the purpose of tokens …

Filecoin explained the purpose of the tokens, because of which Justin Sun was going to apply for the project in the SEC

An unknown wallet in the recently launched main network of the Filecoin project received 1.5 million FIL tokens, while at the initial stage only 500,000 tokens were subject to unlocking. Of these, 800,000 FIL went to Huobi and other exchanges. This gave rise to suspicions and accusations of the project of dishonest practices..

A Filecoin spokesman spoke to Chinese portal 8btc that the decision was made in order to stabilize the price during the listing stage.

“These actions are aimed at establishing an independent market maker to help stabilize the price in the early stages, because the price is usually especially volatile during this time. At the same time, these coins do not form part of the sales of the Filecoin team, “he said..

Filecoin also writes on their blog that their “network has entered the post-launch monitoring period and is running smoothly and stably.”.

The same cannot be said about the FIL price, which remains volatile after the start of trading. According to CoinGecko, the FIL price climbed to $ 114 at launch and is $ 43 at the time of publication. Note that at the stage of closed sales, 1 FIL cost from $ 0.75, however, these tokens will be distributed among investors within three years.

Filecoin explained the purpose of tokens ...

Tron founder Justin Sun bluntly accused the project of an exit scam: “$ 1.5 million FIL for $ 200 worth $ 300 million at its peak. Now the price is under $ 60. Reduced by 70%. No lock-ups. No Community Notices. How much did you sell? This is normal?”

The founder of Tron, himself often involved in all kinds of scandals, urges investors, primarily American ones, “to make sure that Filecoin and [project founder] Juan Benet will be held accountable for their actions in accordance with the Securities and Exchange Commission. US protection “.

Fraudsters, meanwhile, are already enjoying investor interest in Filecoin. The day before the mainnet launch, they created their own variations of the asset of the same name and are now trying to sell them to unsuspecting users on the Uniswap decentralized exchange..

Filecoin explained the purpose of tokens ...
Filecoin explained the purpose of tokens ...

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