Edit basics/what-is-filecoin/crypto-economics.md

Author: mirhamasala

basics/what-is-filecoin/crypto-economics.md

@@ -1,42 +1,38 @@
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 description: >-
-  Crypto-economics is the study of how cryptocurrency can incentivize usages of
-  a blockchain network. This page covers how Filecoin manages incentivization
-  within the network.
+  Crypto-economics is the study of how cryptocurrency can incentivize usage of a blockchain network. This page covers how Filecoin manages incentivization within the network.
 ---
 
-# Crypto-economics
+# Crypto-Economics
 
-## Native currency
+## Native Currency
 
-The native currency of Filecoin, FIL, is a utility token used to incentivize persistent storage on the Filecoin network. Storage providers mine FIL by providing reliable storage service or committing storage capacity on the network. It has a maximum circulating supply of 2,000,000,000 FIL, meaning that no more than 2 billion Filecoin will ever be created.
+Filecoin’s native currency, FIL, is a utility token that incentivizes persistent storage on the Filecoin network. Storage providers earn FIL by offering reliable storage services or committing storage capacity to the network. With a maximum circulating supply of 2 billion FIL, no more than 2 billion Filecoin will ever exist.
 
-As a utility token that aligns participants’ incentives with the long-term growth of the network, Filecoin issuance is aligned with the overall provable utility of the network. The majority of Filecoin supply would only be minted if the network achieved growth and utility targets at scale.
+As a utility token aligned with the network’s long-term growth, Filecoin issuance depends on the network’s provable utility and growth. Most of the Filecoin supply is only minted as the network achieves specific growth and utility milestones.
 
-Specifically, Filecoin uses a dual minting model for block reward minting:
+Filecoin uses a dual minting model for block reward distribution:
 
-## Baseline minting
+## Baseline Minting
 
-Up to 770M FIL tokens are minted based on the performance of the network. These tokens would only fully release if the Filecoin network reached a Yottabyte of storage capacity in under 20 years, estimated to be \~1000x larger than today’s cloud storage capacity.
+Up to 770 million FIL tokens are minted based on network performance. Full release of these tokens would only occur if the Filecoin network reaches a yottabyte of storage capacity within 20 years, approximately 1,000 times the capacity of today’s cloud storage.
 
-## Simple minting
+## Simple Minting
 
-330M FIL tokens are released on a 6 year half-life based on time, meaning that 97% of these tokens will be released in approximately 30 years time.
+An additional 330 million FIL tokens are released on a 6-year half-life schedule, with 97% of these tokens projected to be released over about 30 years.
 
-Additionally, 300M FIL tokens are held back in the mining reserve to incentivize future types of mining.
+Additionally, 300 million FIL tokens are held in a mining reserve to incentivize future mining models.
 
 ## Vesting
 
-Mining rewards undergo a vesting schedule to encourage long-term network alignment. For example, 75% of block rewards earned by miners vest linearly over 180 days, while 25% are made immediately available to improve miner cash flow and profitability. And the remaining FIL tokens are vested to Protocol Labs teams and Filecoin Foundation over 6 years and SAFT investors over 3 years, as shown in the vesting table here.
+Mining rewards are subject to a vesting schedule to support long-term network alignment. For instance, 75% of block rewards earned by miners vest linearly over 180 days, while 25% are immediately accessible, improving miner cash flow and profitability. Further, FIL tokens are vested to Protocol Labs teams and the Filecoin Foundation over six years and to SAFT investors over three years, as outlined in the vesting schedule.
 
-## Collateral and slashing
+## Collateral and Slashing
 
-To encourage good behavior from network participants, during block reward mining, storage providers must lock Filecoin tokens as pledge collateral for consensus security, storage reliability, and contract guarantees. Pledge collateral is determined by projected block rewards that a miner would earn. Collateral and all earned rewards by storage providers are subject to slashing throughout the lifetime of a sector if the storage does not pass a reliability check.
+To ensure network security and reliable storage, storage providers must lock FIL as pledge collateral during block reward mining. Pledge collateral is based on projected block rewards a miner could earn. Collateral and all earned rewards are subject to slashing if the storage fails to meet reliability standards throughout a sector’s lifecycle.
 
-## Total supply
+## Total Supply
 
-FIL has a maximum circulating supply of 2,000,000,000 FIL, meaning that at most 2B Filecoin will ever be created. In practice, this max supply would never be reached since a considerable amount of FIL are burnt as gas fees, penalties etc., and are permanently removed from circulating supply.
+FIL’s maximum circulating supply is capped at 2 billion FIL. However, this maximum will never be reached, as a portion of FIL is permanently removed from circulation through gas fees, penalties, and other mechanisms.
 
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