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📢‼️Exciting News FIL Hong Kong Hosted by ND Labs on April 5-8, 2024. 👉🏻 Lightning Talks, Workshops, Plenty of Coworking Space… 🙌See you in HK! Let’s work on driving Web3 forward! #Filecoin #Web3 #DePIN @Filecoin @FilFoundation

$FIL is undervalued right now based on its fundamentals, and onchain growth. Here we present our Investment thesis on $FIL 👇👇 Many of us perceive $FIL as a highly inflated token with an almost 22% annual supply emission rate as of now. However, we often overlook the fact that $FIL also incorporates burning and locking mechanisms. In addition, Miner rewards are typically vested for 180 days, and 55% of the supply has been allocated to Storage providers, constituting the supply side for $FIL. Their block rewards are expected to decrease over time as capacity grows on Filecoin. On the data storage side, as the number of active deals increases, the demand for the Filecoin data network also grows. More supply of FIL will be locked by storage providers because they need to put up FIL as collateral to serve deals. The higher the collateral, the better the deal they receive, resulting in more revenue for FIL miners. On the other side, we often ignore the fact that FILECOIN is not solely about data storage. They launched FEVM last year, enabling Ethereum developers to deploy smart contracts directly on the Filecoin network. They are building a robust ecosystem of dapps around it. Some major players like Uniswap and Sushiswap have also deployed on Filecoin. They burn the base fees from transactions happening on Filecoin, which could potentially create demand-driven deflation, aiding FIL in reducing the supply emission over time. Additionally, with Liquid staking growing quite well, we anticipate most of the supply getting staked, leaving a relatively small supply available on exchanges. This creates the perfect dynamics for the token, especially when in a bull market. Disclaimer: We're not providing any financial advice here. Please use this information for educational purposes only. We've broken down tokenomics and on-chain data in the infographics below 👇

✨ Today, @ipcdevs & @fluence_project are excited to announce the upcoming IPC-powered Fluence Network launch of its decentralized serverless computing platform, enabling cheaper, provable, & truly decentralized computing for web3 devs. filecoin.io/blog/posts/inter…