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Open Ai and IPFS jointly launched chatgpt, an artificial intelligence training project, to serve the era of big data and welcome the advent of the web3.0 era! And launched the decentralized exchange Aifil swap on Filecoin's virtual machine FVM chain. FVM is the equity certificate and platform token of the decentralized exchange Aifil swap, and is also the code name of the virtual machine. Aifil officially promised that the platform income (including handling fees, slippage, etc.) will be used to repurchase FVM to help FVM's market value soar.
FVM issuance: 10,000 pieces, no additional issuance plan, 80% FIL + 20% FCC synthetic computing power output FVM is minted for five years, and gradually decreases every year according to the block height.
FIL price ≠ FVM value! Why can't this 'brotherhood' be equated?
In the cryptocurrency wave, Filecoin (FIL) and the Filecoin Virtual Machine (FVM) are often compared by investors. Many believe that if FIL's price is high, FVM's price will inevitably rise as well. However, this is a serious cognitive misconception. Although they have similar names and are related in the ecosystem, they are fundamentally independent entities with entirely different value logic.
FIL: The native token of decentralized storage As the native token of the Filecoin network, FIL's core value is built around the cornerstone of decentralized storage. The Filecoin network aims to break the shackles of traditional centralized storage, allowing users to store and manage data in a more secure, efficient, and private manner. In this network, users must pay FIL tokens to store data; miners, in turn, provide storage services by contributing their own storage space and computing power, earning FIL as a reward. In simple terms, FIL acts as a 'lubricant' in the entire storage ecosystem, maintaining the supply and demand balance in the data storage market.
FVM: A Leading Coin That Has Endured Many Doubts While Firmly Believing in Its Characteristics
Please take your time to read the author's article: Everyone knows FVM is the FIL virtual machine token, with an issuance of 10,000 coins. The cost of holding it becomes harder to mine over time, and the cost increases. But why do so many people still pay attention to it, understand it, and mint and hold it? It’s because it possesses all the potential to become a million or ten million coin. In the first-tier stage, FVM is referred to by some in the industry as the most promising hundredfold or thousandfold coin, given its limited supply and the fact that mining rewards will take five years to materialize. The role of the virtual machine clearly shows that it undertakes very important smart contract functions for the FIL public chain, and it holds long-term value applications. As a result, more and more people in the circle are learning about and holding FVM.
Major Confusion in the Cryptocurrency Sphere! 80% of FIL is involved in minting, what secrets lie behind the address destruction?
In the cryptocurrency sphere, the development of the Filecoin ecosystem has always attracted attention. Its minting mechanism involves 80% FIL, and the process includes address destruction operations, which has left many investors puzzled. In fact, there are complex economic logic and technical considerations behind these operations, which play a key role in the stability and development of the Filecoin ecosystem.
Deflationary Mechanism: Enhancing FIL's Scarcity Value In the cryptocurrency sphere, the supply-demand relationship is a key factor affecting coin prices. Filecoin achieves a deflationary mechanism by destroying addresses during the minting process, artificially reducing the market circulation of FIL. When the circulating amount of FIL decreases while the market demand remains unchanged or even increases, the scarcity of FIL will increase, thereby driving up its price.
The emergence of FVM has allowed the Filecoin network to extend beyond data storage
FVM adopts a unique minting mechanism, requiring investors to consume 80% FIL and 20% FCC for minting synthesis, and all FCC will be destroyed after minting. This means that the development of FVM will increase the demand for FIL while reducing its circulation in the market, thus supporting the price of FIL. As applications within the FVM ecosystem increase, the use cases for FIL will also become richer, such as paying for smart contract execution fees, further enhancing the value of FIL. Collaborative Development in Application Ecology The emergence of FVM has allowed the Filecoin network to extend beyond data storage into broader fields such as DeFi, NFTs, and the metaverse. In the AI field, FIL, with its advantage of distributed storage and the smart contract capabilities of FVM, has combined with AI projects to give birth to some AI data market projects based on FIL. These applications create value for users while attracting more participants to the Filecoin ecosystem, driving the circulation and use of FIL.
Just when everyone was feeling disheartened about FIL, the emergence of FVM brought new opportunities for these injured investors. FVM can be regarded as a significant revolution in the development history of Filecoin. It is built on WebAssembly, endowing the Filecoin network with programmability, allowing smart contracts to run on Filecoin. This innovative breakthrough directly breaks the original limitations of Filecoin, transforming it from a purely distributed storage network into a multifunctional blockchain platform, instantly opening up infinite application expansion space.
The compatibility of FVM with the Ethereum Virtual Machine (EVM) has injected strong momentum into its development. This feature allows a large number of mature smart contracts and applications on Ethereum to be easily migrated to the Filecoin network. As of now, over 4,700 independent contracts have been deployed on FVM, facilitating over 3 million transactions, with an average net deposit of over 30 million Fil in DeFi activities, equivalent to approximately 200 million USD, covering areas such as staking, liquid staking, and DEX, demonstrating strong development potential. This data fully showcases the strong appeal and vitality of FVM, and also indicates that the FVM ecosystem is about to welcome explosive growth.
FVM coins play a key role in the Filecoin ecosystem
FVM coins play a key role in the Filecoin ecosystem, and their scarcity further solidifies their core position within the ecosystem. Users holding FVM coins not only participate in ecosystem governance but also have voting rights on important decisions regarding the development direction and parameter adjustments of the Filecoin network. Additionally, they can enjoy exclusive rights in various applications developed based on FVM. For instance, on some decentralized trading platforms, FVM coin holders can benefit from lower transaction fees; in data storage services, they can obtain priority rights for storage and retrieval. This deep integration within the ecosystem closely ties the value of FVM coins to the development of the Filecoin ecosystem. The scarcity also encourages ecosystem participants to cherish their FVM coins, actively promote the construction and development of the ecosystem, thereby creating a virtuous cycle.
$FIL FVM minting is ongoing, if you can't make money in the secondary market, come to the primary mainstream coins. FVM issued ten thousand coins, one million each to jointly move towards the secondary market. FVM is the code name for the Fil virtual machine, with long-term application value, extremely limited issuance, and a halving mechanism for mining every five years. The mainnet went live in March 2023...
$FIL In the world of cryptocurrencies, Filecoin (FIL) has been a significant project in the decentralized storage sector since its inception. Although the current market performance of FIL may not be satisfactory, the potential and emerging development directions behind it, especially with the advent of the Filecoin Virtual Machine (FVM), provide FIL holders with new ideas for enhancing the value of their assets. Let's shift our perspective and focus on its virtual machine token FVM.
The Symbiotic Relationship between FVM and Filecoin
FVM and Filecoin are complementary and inseparable entities. FVM leverages Filecoin's storage network to provide smart contract functionality, transforming Filecoin from a mere storage tool into a multi-functional blockchain infrastructure; meanwhile, Filecoin provides the foundational support for data storage for FVM, and together they drive the prosperous development of the Filecoin ecosystem.
From the perspective of ecosystem development, FVM attracts more developers and projects to join the Filecoin ecosystem. Numerous applications developed based on FVM bring more traffic and attention to Filecoin, creating a positive feedback loop. At the same time, the combination of FVM and Filecoin provides strong support for building a decentralized data economy, allowing users to store, access, and trade data more securely and conveniently, without worrying about data being controlled or tampered with by centralized entities.
Now everyone should understand the relationship between FVM and Filecoin! Although the cryptocurrency market is currently volatile and there are concerns about Fil tokens, the emergence of FVM undoubtedly opens up new avenues for the future development of Filecoin. For example, the minting mechanism has appeared:
Early investment in FVM tokens has unique appeal. First, it allows acquisition of digital assets at a very low cost by synthesizing FVM tokens with 80% Fil tokens and 20% FCC tokens. In the initial stage of the project, the barriers and costs of minting are often low, providing investors with the opportunity to gain substantial returns with small investments. Secondly, early investors can deeply engage in the project's development, witnessing and promoting its growth alongside the project. As the project gradually emerges in the mainstream, early investors will reap substantial rewards. FVM minting requires a consensus mechanism of FIL and FCC synthetic combinations and forms a linkage mechanism, where multi-token interactions effectively reach a state of multi-token consensus. While it seems like the development of one project, it actually contains the potential for another token's market value to soar. Speculators looking to capitalize can position themselves early with FVM tokens, holding them before full launch and then waiting for FVM to go live on secondary markets to cash out, with the issuance of 10,000 FVM tokens requiring a high token price in the millions.
Fil coin will move into the next era, giving rise to the ecological virtual machine token FVM. As a mainstream coin, it has official support, technology, and applications that clearly understand its future value. From a long-term perspective, it is worth having #Filecoin #FVM
In the cryptocurrency space, Filecoin, as a star project in the field of distributed storage, has always attracted attention. The launch of the Filecoin Virtual Machine (FVM) has brought about tremendous changes to the entire ecosystem. The close connection between FVM and minting not only impacts Filecoin's technological development but also has a profound effect on its economic model and market value.
1. Filecoin FVM: Unlocking New Ways to Use Blockchain
FVM is essentially a runtime environment that allows users to deploy their own smart contracts on the Filecoin blockchain. These smart contracts are known as 'actors', and they enable on-chain computation on Filecoin. In simple terms, FVM is like a super toolbox that provides developers with more tools and freedom, allowing them to create a variety of applications and services based on Filecoin's storage.
FVM has multiple technical features. It is built on WebAssembly (Wasm) technology, which makes FVM a multi-language execution environment, allowing developers to write smart contracts in various programming languages, greatly lowering the development barrier. Moreover, FVM is compatible with the Ethereum Virtual Machine (EVM), meaning that the vast developer community and rich smart contract resources of Ethereum can be easily migrated to the Filecoin network, enabling communication and cooperation between the two ecosystems, resource sharing, and complementary advantages.
FVM unlocks numerous innovative application scenarios. In the decentralized finance (DeFi) sector, it supports applications such as FIL staking loans and liquidity mining, providing users with more financial management options and attracting capital into the Filecoin ecosystem. In the fields of NFTs and the metaverse, FVM can achieve efficient storage and management of NFT metadata, ensuring the authenticity and uniqueness of NFT assets, and also safely store a large amount of virtual assets and user data, providing a foundation for the stable operation of the metaverse.
The Filecoin Virtual Machine token (FVM) is essentially a runtime environment that allows users to deploy their own smart contracts on the Filecoin blockchain. These smart contracts are referred to as 'actors,' enabling on-chain computation on Filecoin. In simple terms, FVM is like a super toolbox, providing developers with more tools and freedom to create a variety of applications and services based on Filecoin's storage.
FVM has multiple technical features. It is built on WebAssembly (Wasm) technology, making FVM a multi-language execution environment where developers can write smart contracts in various programming languages, significantly lowering the development threshold. Moreover, FVM is compatible with the Ethereum Virtual Machine (EVM), meaning that the vast Ethereum developer community and rich resources of smart contracts can easily migrate to the Filecoin network, facilitating communication and cooperation between the two ecosystems, resource sharing, and complementary advantages.
FVM unlocks numerous innovative application scenarios. In the decentralized finance (DeFi) sector, it supports applications such as FIL staking lending and liquidity mining, providing users with more financial management options and attracting capital into the Filecoin ecosystem. In the NFT and metaverse domains, FVM enables efficient storage and management of NFT metadata, ensuring the authenticity and uniqueness of NFT assets, while also securely storing a large amount of virtual assets and user data, providing a foundation for the stable operation of the metaverse.
When traditional exchanges meet Filecoin, why is it the only choice for on-chain AI?
Decentralized Features
- Strong anti-censorship: Traditional exchanges are regulated by centralized institutions, and there is a possibility that AI-related transactions are restricted due to policies and other factors. Filecoin is based on blockchain technology and is decentralized. There is no single control center, which can avoid transaction restrictions caused by centralized decision-making and provide a freer environment for on-chain AI transactions.
- Reduce trust risk: Traditional exchanges require users to trust their operations and management, which poses trust risks. Filecoin uses smart contracts and consensus mechanisms to ensure the execution of transactions and the authenticity of data, without relying on third-party trust, reducing trust costs and risks.
Data processing capabilities
- Efficient storage: AI transactions involve a large amount of data, and traditional exchange storage systems are limited in scalability and cost. Filecoin's distributed storage network can be infinitely expanded and can store massive AI data at a lower cost.
- Fast retrieval: Filecoin combines IPFS technology and adopts content addressing to quickly locate and retrieve data. Compared with the location-based retrieval method of traditional exchanges, it greatly improves the access efficiency of AI transaction data.
Security and privacy protection
- Encryption technology guarantee: Once the database of a traditional exchange is hacked, user data is easy to leak. Filecoin uses advanced encryption technology to encrypt stored data, ensure data security, and protect the privacy of all parties in AI transactions.
- Clear data ownership: In the Filecoin network, users have full control over data and can independently decide the use and sharing rights of data, which is crucial for AI projects that focus on data sovereignty.
Smart contract function
- Automated execution: The transaction process of traditional exchanges relies on manual operations and complex processes, which is inefficient. Filecoin's smart contracts can automatically execute transaction terms, improve the efficiency and accuracy of on-chain AI transactions, and reduce human errors and operational risks.
- Flexible customization: Smart contracts can be customized according to the special needs of AI transactions, support complex transaction modes and conditions, such as transactions based on AI model performance, data sharing agreements, etc., to meet the diverse transaction needs of the AI industry.
The three core values of the Filecoin Virtual Machine (FVM): ecosystem expansion, cross-chain interoperability, and innovation project incubation:
1. Expanding the Filecoin ecosystem:
FVM brings smart contracts and user programmability to the Filecoin network, enabling developers to build and deploy smart contracts and decentralized applications (Dapps) using programming languages such as Solidity. This greatly enriches the functionality and application scenarios of the Filecoin ecosystem, promoting the development of decentralized storage projects.
2. Promoting cross-chain interoperability and integration:
FVM enables applications deployed on other blockchain networks (such as Ethereum, NEAR Protocol, Polygon, etc.) to interoperate with the Filecoin network, facilitating the flow of cross-chain assets and data. It has achieved full compatibility with Ethereum's EVM. In other words, the virtual machine functionalities on Ethereum can be completely utilized on FVM. This cross-chain interoperability brings more partners and application scenarios to the Filecoin network, enhancing its attractiveness as a foundational infrastructure.
3. Supporting innovation and project financing:
FVM provides opportunities for new blockchain projects to deploy and raise funds on the Filecoin network, lowering the barriers and costs of project development. Through FVM, project teams can more easily attract the attention of investors and secure funding support, driving innovation and development in the blockchain industry.
By expanding the Filecoin ecosystem, promoting cross-chain interoperability and integration, and supporting innovation and project financing, FVM brings profound impacts and momentum to the Filecoin network and the entire blockchain industry.
FVM has extraordinary potential for development in the mainstream public chain primary market. Due to the scarcity of issuance and its powerful functionalities, backed by Filecoin's 6 million fans, FVM has rapidly developed in a short time, with the current total network computing power reaching 1,600,000.
- Leading Market Position: It is still the leader in the decentralized storage sector, with a transaction volume of nearly US$400 million a day. It ranks third in the DEPIN sector, but ranks first in transaction volume.
- Grayscale Increases Holdings: Grayscale increased its holdings of 300,000 FIL in one month, with a total of 1.5 million, which can be regarded as a bottom-fishing action in the bottom range.
- Stablecoin Launch: Secured Finance launched the stablecoin USDFC, which aims to provide financial stability and release growth potential for the Filecoin network, increase user adoption, improve liquidity and stability, and bring rich profit opportunities.
Future
- Improved Regulatory Environment: If the Trump + Musk government comes to power, it may relax encryption regulation, which is good for cryptocurrencies including Filecoin.
- Technology Upgrade and Application Expansion: The L2 second-layer network Akave has launched a test network, aiming to replace traditional cloud storage systems and provide more secure and efficient storage services, which is more than 80% faster than the current ones; hot storage is also being promoted, which is expected to detonate the ecosystem.
- Combination with AI: AI requires big data training. Filecoin has 2,000 nodes and 4.6EB of storage capacity. It has great potential for combination with AI. The first L2 high-performance, low-latency data storage solution, Basin, will be launched in the next few months.
$FIL Filecoin provides an EB-level storage network with cryptographic proofs, ensuring that data is stored in an efficient, verifiable manner at a lower cost than Web2 solutions. It eliminates dependence on a single provider and makes storage more decentralized. Solana generates a large amount of data every day. It is a challenge to store this data reliably and economically without relying on centralized providers. Filecoin solves this problem by providing decentralized, verifiable storage, ensuring that data is secure and accessible for a long time. The two can rely on coexistence and collaborate to empower each other