Filecoin (FIL) ICO

updated 01 June 2017

Data storage network and electronic currency based on Bitcoin

Token sale info
Status: ended
Start: 10 August 2017
End: 07 September 2017
Cap: No info
Goal: No info
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Filecoin is a decentralized storage network that turns cloud storage into an algorithmic market. The market runs on a blockchain with a native protocol token (also called “Filecoin”), which miners earn by providing storage to clients. Conversely, clients spend Filecoin hiring miners to store or distribute data. As with Bitcoin, Filecoin miners compete to mine blocks with sizable rewards, but Filecoin mining power is proportional to active storage, which directly provides a useful service to clients (unlike Bitcoin mining, whose usefulness is limited to maintaining blockchain consensus).


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