What is Filecoin (Futures)?

"The Filecoin network achieves staggering economies of scale by allowing anyone worldwide to participate as storage providers. It also makes storage resemble a commodity or utility by decoupling hard-drive space from additional services. On this robust global market the price of storage will be driven by supply and demand, not corporate pricing departments, and miners will compete on factors like reputation for reliability as well as price.

Filecoin is a protocol token whose Blockchain runs on a novel proof, called Proof-of-Spacetime, where blocks are created by miners that are storing data. Filecoin protocol provides a data storage and retrieval service via a network of independent storage providers that does not rely on a single coordinator, where: (1) clients pay to store and retrieve data, (2) Storage Miners earn tokens by offering storage (3) Retrieval Miners earn tokens by serving data."

-Filecoin.io
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General

TICKER SYMBOLS
FIL
ICO / CROWDSALE
August 10, 2017 @ 07:00 PM - September 07, 2017 @ 07:24 AM
CURRENT PRICE
$4.29
Updated 2 hours ago via coinmarketcap.com
CHEDDUR ALL TIME HIGH
$33.27
Last year
FOUNDER
Juan Benet

Technical

BLOCKCHAIN / LEDGER
Uses own
MONETARY POLICY
Maximum Supply (2,000,000,000 coins)
PRE-MINED / RESERVED
Yes (400,000,000 coins)
MINEABLE / STAKEABLE
Yes

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