Announcement on AOFEX Has Completed the Conversion and Distribution of FIL Token on November 5

Dear Users,

AOFEX has completed the conversion and distribution of FIL token on November 5 according to users’ position of fil6 (filecion6 month). Users can check the details in User Center - Account Assets. After the FIL main net goes live, users can continue to trade FIL6. AOFEX will convert about 0.55% of FIL6 into FIL6 for users every day according to the release rate of official blocks(the ratio gradually increases with the actual situation of the block). If the user is short of funds due to the orders during the conversion, the conversion on the day will be skipped.

At present, AOFEX has opened the deposit, spot trading, perpetual swap of FIL (Filecoin), and we sincerely welcome all of you to enjoy the best trading experience on AOFEX! 

Demonstrations and warm prompts on the circulation of the main net of FIL

The circulation of FIL token in the whole network mainly comes from the unlocking of official held token, initial investor token unlocking and mining output of miners. According to the current plan, the whole network will release more than 50 million FIL in three months and more than 100 million FIL in six months (this is the estimated amunt, and the specific amount is subject to the actual plan implemented by the official and the blockchain). The initial circulation rises rapidly, and it is limited with a high demand. This may cause the high price. In the future, with the release of circulation, there may be a great fluctuation on the price. 

On the other hand, the FIL community is discussing a series of FIPs. For example, in the FIP003 proposal, some people suggest to increase the proportion of initial miners' reward. At present, the upgrade proposal is still under discussion and has not been adopted. However, in the future, if there are new proposals adopted, they may have a significant impact on the market price of FIL. We hereby remind you that you should pay a closer attention to it.

For more details of Filcoin upgrade proposals, please view: 

https://github.com/filecoin-project/FIPs/tree/FIPS

Warm Prompt:

Digital asset is a high-risk investment product featuring by wild fluctuation, round the clock trading and so on. We highly recommend that users involve and invest very carefully after understanding the rules and risks. It is highly necessary to be aware of the risks by considering the experience and tolerance.

Thanks for your support!

AOFEX Team

November 5, 2020