The Most Anticipated Token is Gearing Up for its Launch This Week

CRYPTONAIRE LYWEEK CRYPTO investment journal

In anticipation of the mainnet launch, Filecoin, which aims to be a decentralized storage network, has entered its lift-off week.

First released in mid-2014, the community is eagerly awaiting the Filecoin launch. In August 2017, the project had raised over $200 million within 30 minutes during the last bull run. And now, as the crypto market gears up for yet another one, Filecoin is ready for yet another big step.

Barry Silbert, the founder and CEO of Digital Currency Group, the parent company of Grayscale, Genesis, and others, is already excited as he wrote, “Who else is excited about the launch of Filecoin next week?”

Given that it has already been more than six years for this project to be in the market, it is past time that it leaves its testnet phase, and its mainnet is launched.

“The hottest upcoming token is Filecoin–joining Polkadot, @avalancheavax, etc. as one of the most anticipated of the year,” as noted FTX CEO Sam Bankman-Fried.

While it is clear that FIL is “very hot right now,” he did clear it up that one shouldn’t necessarily buy it as there is no knowing if it will go up or down in the future.

Cryptocurrency exchange OKEx has already announced that it will open deposit and withdrawal services right after the project’s launch on Oct. 15, 2020. The exchange will also rebalance its FILUSD index and make changes to its perpetual swap contract’s trading rules. Read more...