Introducing UncleMine’s first IMO
UncleMine will launch the first IMO of Filecoin Storage Power on April 14, 2022, 9:00 UTC. IMO’s Mining Asset token UMF represents the future income of 5PiB Storage Power in the Filecoin network in the following 360 days.
The mining asset of this IMO is provided by the Filecoin node f01136165.
Current Filecoin storage power selling on the market has no liquidity. Investors can only keep their miner running for the whole life cycle of the storage power to complete their investment, which can be as long as 2 years. Moreover, the current price of Filecoin storage power units on the market is much higher than UMF, making UMF extremely cost-effective. In addition to being cost-effective, UMF also has a liquidity pool on the chain, giving investors more flexibility in their choices.
In addition, the UncleMine platform will use 20% of the mining revenue to buy back UMF at any time, forming a deflationary economic model, so the value of UMF will gradually increase over time.
Filecoin has huge potential as a decentralized storage foundation for Web3. At present, Filecoin’s entire network storage power has exceeded 15EiB, making it the decentralized network with the highest storage space.
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