$FIL Did you understand the trading strategy of this project? Shortly after its listing, the high control team manipulated the coin price to attract retail investors. At this time, they packaged the FIL coin as a mining machine, bundled it for sale, and released it linearly, with the operators directly locking in future profits.

Most of the people who bought the mining machines did not actually receive the physical machines, but rather a remote connection to a mining machine, while in reality, there were no mining machines in the backend. Because when you buy a mining machine, you are essentially betting all your FIL coins, and then the operators slowly distribute them to you.

FIL relies on the IPFS interstellar file system, which is indeed useful. It's just that the project team is too despicable; the moment the mining machines are sold out is also the moment they dump the market and run away. They escaped with a lot of technical finesse, and the market didn't even notice.