FIL Specifications

Type

COIN

Algorithm

Protocol

Start Date

19/07/2017

Max Supply

2,000,000,000

Circ. Supply

637,510,940

Website

Explorer

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Info

Filecoin (FIL) is a decentralized storage network that transforms cloud storage into an open market. By leveraging unused storage worldwide, it enables users to store, retrieve and host data in a secure and efficient manner. FIL tokens facilitate transactions within this ecosystem and are available on major exchanges, ensuring liquidity for participants.

Market Impact

Filecoin has revolutionized data storage by providing a decentralized alternative to traditional cloud services. Its ability to facilitate secure token swaps has attracted a diverse user base, while its presence on major exchanges has increased liquidity and adoption, solidifying its position as a key player in decentralized storage solutions.

History

Developed by Protocol Labs and launched in October 2020, Filecoin emerged to address the limitations of traditional cloud storage by decentralizing data storage. Its initial coin offering (ICO) in 2017 raised over $200 million, reflecting significant interest in its innovative approach. Since its inception, Filecoin has integrated token swaps and secured listings on leading exchanges, broadening its reach in the decentralized storage market.

Features

Decentralized Storage
Filecoin enables users to store and retrieve data across a distributed network, enhancing security and redundancy.
Incentivized Participation
Participants earn FIL tokens by providing storage space, fostering an active and growing ecosystem.
Market-Driven Pricing
Storage costs are determined by supply and demand dynamics, promoting competitive pricing for data storage services.

Website

Explorer

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*The indicators above, do not represent an investment advice and should not be treated as such. Please make your own research and risk assessment before exchanging your assets.