12Ships Monthly Report-November 2020

Market Overview

Despite the Thanksgiving crash to $16,200 after following a mass sell-off from whales, BTC price managed to rebound throughout the weekend. BTC then easily passed the $19,000 mark on Monday to reach its all-time high above $19,892 on December 1st after nearly three years, according to data from Coinbase and Tradingview. Data suggests that institutional demand propelled the rally. Most on-chain data points show that the demand for Bitcoin from institutions has been rapidly increasing. In November, Grayscale recorded all-time high net inflows, and the CME Bitcoin futures market saw its open interest climb near $1 billion.

  • The content above is formed from some opinions of popular media and analysts all over the world.

Latest News on Filecoin

1) After the update of Lotus v1.2.0 is completed, the gas usage continued to be rising up after a slight and short-term relief, and the nanofil-scale BaseFee reappears; according to the current situation, miners are required to control the amount of messages to be packaged as well as the price of message packaging. (Remark: Lotus is an implementation of the Filecoin Distributed Storage Network)

Project Update

- Hansando Pool

1) 12Ships team has finished buying back and burn 1,656,159.87 TSHP with the mining profit in October of 9.53 ETH. The announcement has been published on Medium and disclosed through the Upbit project disclosure channel: https://upbit.com/service_center/disclosure.

- Marketing & Cooperation

1) Connecting with IPFS ForcePool to discuss further business co-operation and joining the technical seminar activity on December 1st.

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About 12Ships

12Ships is a cryptocurrency mining-backed blockchain platform that makes your journey to the blockchain investment AS EASY AS POSSIBLE by providing profitable and high-performance mining infrastructure. 12Ships focuses on technology-driven development of a mining ecosystem including ASIC mining machines, Filecoin mining machines, mining pool, and public chain.

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