At the moment, FIL is on fire despite the massive rewards being released daily (1.8 million daily).
Their minting rewards for storage aren't just a simple exponential decay model. Only 30% of the block reward is released with this model. The remaining 70% is calculated using a baseline of available storage, starting at 1 EiB and growing from there.
Currently, there is 20 EiB of storage available on the network. This results in 1.8 million tokens being minted per day. The funny thing however, is that only 893 PiB is being used (1 EiB = 1024 PiB), which is less than 5% of their capacity.
So despite the more advanced tokenomic model, it is something to be aware of that a lot of the available storage is receiving rewards for nothing other than being available.
I think it would have been better if rewards were calculated based on the used storage instead of available storage. Therefore, I want to rate it 4 stars because I believe that is a miss. But on the other hand, it's already so much better than 95% of the projects that only have a simple decay model, so I can't justify myself doing that.
DYOR : https://spec.filecoin.io/systems/filecoin_token/minting_model/ Show Less
