What is Filecoin (FIL)

1. Project Introduction Filecoin is a decentralized storage network designed to securely and efficiently store data using blockchain technology. It incentivizes participants to rent out excess storage space, earning Filecoin tokens in return. The protocol ensures long-term data availability and integrity through cryptographic proofs. Users pay storage providers to store files, and providers must continually prove that data is stored correctly over time. Summary: Filecoin is a peer-to-peer network that enables anyone to store and retrieve data over the internet. 2. Team & Investment Info Creator: Protocol Labs, a California-based open-source R&D lab founded in 2014 by Juan Benet (also founder of Athena and co-founder of Loki Studios). Funding: Raised $52M in a 2017 private sale backed by top investors like Sequoia, Andreessen Horowitz, and Union Square Ventures. 3. Social Media URLs X: https://x.com/Filecoin Telegram: https://t.me/filecoin Discord: https://discord.gg/yeQ2hcd2TD Blog: https://filecoin.io/blog/ 4. Token Info Token Symbol: FIL Total Supply: 2,000,000,000 Issuance/Burn Mechanism: There is a burn plan. Contract Address: https://filfox.info/en?utm_source=cmc Token Distribution: Storage Miners: 55% Mining Reserve: 15% Protocol Labs: 10.5% PL Team & Contributors: 4.5% Filecoin Foundation: 5% Fundraising (SAFT 2017): 7.5% Remaining Fundraising: 2.5% 5. Related Links Official Website: https://filecoin.io/ Docs: https://docs.filecoin.io/ LinkedIn: https://www.linkedin.com/company/protocollabs/ Other Info: https://www.rootdata.com/Projects/detail/Filecoin?k=Mjk%3D; https://github.com/filecoin-project