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Filecoinusdt

Filecoin’s Glif Protocol Announces 100 Million Token Airdrop In a groundbreaking development for the Filecoin ecosystem, Glif, the largest decentralized finance (DeFi) protocol on the Filecoin network, announced its upcoming native token, GLIF, alongside a substantial 100 million token airdrop. This strategic move sets the stage for Glif's expanding role within the Filecoin network, and it promises substantial rewards for its user base. Glif’s Role and New Token Introduction Glif operates as a liquid leasing platform within Filecoin ( LSE:FIL ), allowing FIL holders to generate rewards by lending their FIL to storage providers within the network. With over $124 million in total value locked (TVL) according to Filfox and DefiLlama, Glif has established itself as a critical DeFi component for Filecoin ( LSE:FIL ). The introduction of GLIF tokens will further strengthen its foundation by aligning governance and community growth. Jonathan Schwartz, Glif’s founder and CEO, noted that the GLIF token is set to act as the first governance token for a protocol essential to Filecoin ( LSE:FIL ), much as Lido serves Ethereum and Jito serves Solana. This launch will empower users to actively participate in the protocol's evolution through GLIF’s decentralized autonomous organization (DAO) governance structure. GLIF Token Airdrop Details and Allocation Structure Of the one billion total GLIF tokens, 10%—equating to 100 million tokens—has been reserved for an airdrop to eligible GLIF points holders. The airdrop will distribute tokens on a 1:1 basis to users with at least one GLIF point, and recipients will have 25% of their airdrop tokens unlocked immediately. The remaining 75% will vest linearly over a 180-day period, reflecting Filecoin’s block reward vesting model. This structure enables holders to contribute to governance activities while maintaining longer-term incentives. The larger GLIF token allocation is structured to support core contributors, ecosystem development, and investor interest, making up 29.35%, 20%, and 15.65% of the total token supply, respectively. Glif’s foundation for community growth extends beyond the initial airdrop, with an additional 250 million tokens reserved for future community efforts. Technical Overview At the time of this analysis, Filecoin’s native token, LSE:FIL , has shown an increase of 0.35%, trading within an ascending trend. With an RSI of 58, the token is well-supported within its current zone, providing a potential catalyst for a bullish breakout. The immediate resistance level is marked at $3.88; surpassing this threshold could fuel momentum, driving LSE:FIL towards $4, and potentially as high as $5 if the bullish reversal gains traction. Conversely, a fall below the current support zone could see LSE:FIL drop toward a one-month low of $3.20, representing a key level to watch for both short-term and long-term investors. The potential impact of the GLIF airdrop could serve as an additional catalyst for LSE:FIL ’s price in the near term, aligning with the platform’s larger DeFi ecosystem. Glif’s deep integration with Filecoin positions the protocol as a key player in the decentralized storage network, fostering liquidity and offering additional income avenues for FIL holders through leasing. The GLIF Foundation and Long-Term Governance Potential To reinforce GLIF’s governance and ensure a decentralized approach, the GLIF Foundation has been formed as an ownerless entity representing the GLIF DAO. This foundation will empower GLIF token holders to make decisions about the protocol’s direction, community growth, and allocation distribution. The GLIF Foundation’s long-term strategy will be pivotal in sustaining the protocol’s value and fostering a cohesive ecosystem for developers, contributors, and community participants. Looking Ahead Backed by key investors like Multicoin Capital, Big Brain Holdings, and Protocol Labs, Glif has also attracted $4.5 million in seed funding earlier this year, reinforcing its commitment to expanding the Filecoin ecosystem. The anticipated airdrop and the GLIF Foundation aim to drive further engagement, incentivizing new and current users to participate in governance and broaden the utility of Filecoin as a robust DeFi network. In summary, Glif’s airdrop and the introduction of its governance token mark a new era for Filecoin ( LSE:FIL ), as Glif aims to play a central role in defining the DeFi landscape on this decentralized storage platform. With a careful balance between immediate user rewards and long-term vesting incentives, Glif’s tokenomics reflect a forward-thinking approach that could pave the way for Filecoin’s continued success in the DeFi space.
Long
by DEXWireNews
Filecoin / FIL & FVMFilecoin rose sharply on Friday but why? The jump fueled social media excitement about the blockchain’s March 1 launch of its Filecoin Virtual Machine aka FVM, a software platform that will introduce smart contracts and enable developers to design decentralized applications on the Filecoin network.the coin’s price jumped from $5.4 at 10:00 UTC to a high of $8 at around 5 22:00 UTC. Filecoin announced that it will launch smart contracts in Mar'23, making it a fully-fledged L1. FIL rose by 23% in 24 hours. There are currently 3,785 active miners on the Filecoin network, storing 18.767 EiB of information, and staking 134,023,969 FIL. The price of FIL is $9.19 today with a 24hour trading volume of 1.2 billion dollar. This represents a 22% price increase in the last 24 hours and a 80% price increase in the past 7 days FIL saw an increase in open interest rate, denoting increased demand and bullish sentiment in the futures market. next targets for Fil are 9.5 and 9.9$ and stop loss at 8$
Long
by moonypto
21
FIL: trade in low cycle📊This price action analysis is from the analysis team of Ahmadarz Academy. 🚦In the four-hour time frame, I found a trading range formed by a bullish reaction with good volume candles from the bottom of this trading range. $5 support and $6.70 resistance 🔛According to this trend, I see the market as bullish, and I even expect it to go above the support ceiling of $6,800. Currently, we consider the risk-to-reward to be 4, which is the ceiling of the current trading range. 💎Entry strategy: To enter this trade, I tried to find the last trading range in the one-hour time frame and wait for it to break through the ceiling to give me confirmation of the ascent, and in the pullback, I try to check the first candlestick that confirmed my entry. and put a limit position on the same one in the upward direction. Entry and exit signal: ⬅️Entry: $6,095 🔴Stop Loss: $5,955 🟢Targets: $6.217 - $6.376 - $6.525 - $6.686 ⚠️Please note that this analysis is the opinion of the Ahmadarz Group team and is not an investment proposal, so follow the capital management because Ahmadarz Group is not responsible for your profits and losses. 🚀Please boost and💬 comment to share your thoughts with us!
Long
by ahmadarz
FIL: Approaching ResistanceTrade setup : Trends are mixed. Following a bearish breakout from Descending Triangle pattern, price has also broken below $6.00 key level and 200-day moving average, which could signal onset of a downtrend. Price could revisit $4.50 support. Pattern : Price is Approaching Resistance , which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken. (concept known as polarity). Once price breaks above resistance, it can advance higher to the next resistance level. Learn to trade key levels in Lesson 7. Trend : Short-term trend is Neutral, Medium-term trend is Strong Down and Long-term trend is Down. Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Long
by altFINS
Filecoin FIL price will be able to restore its former greatness?Filecoin is "a dinosaur project" in the cryptocurrency market. And although the project is fundamentally strong and necessary for the development of not only the crypto market, the price of TSX:FIL still cannot get off its knees. We hope that buyers of #FILUSDT will not allow the price to fall below $5.70-6. This zone should be considered as a buying zone for medium- and long-term investments. Of course, if you believe in the prospects of #Filecoin and the possibility of FIL price rising to at least $23 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
4