Filecoin (FIL) is a cryptocurrency focused on decentralized storage solutions, allowing users to rent out their unused storage space.

What are the risks associated with transferring Filecoin?

Users should verify the contract address and network before transferring assets, as digital asset prices can be volatile.

How can I verify the acquisition of Filecoin?

Ensure you verify the asset name, network, and contract details prior to any transfer.

What are the official resources for Filecoin?

Official resources include the Filecoin website at https://filecoin.io/ and their technical documentation at https://docs.filecoin.io/.

What are the use cases of Filecoin?

Filecoin enables a decentralized storage layer, creating new applications and use cases for data storage and access.

Filecoin (FIL)

Rank #73

Market snapshot

Price: $0.675106
Market cap: $553.4M
24h volume: $70.5M
Circulating supply: 819,714,129
Total supply: 1,957,135,584
Max supply: N/A

What is Filecoin?

Filecoin serves as a decentralized storage network that allows users to rent out their unused storage space. It aims to create a more efficient and accessible storage solution by leveraging blockchain technology, enabling a wide range of applications and use cases.

Key information

Symbol: FIL
CMC rank: #73
Network / platforms: BNB, BNB Smart Chain (BEP20), HECO, Hoo Smart Chain
Categories: Mineable
Date added: Dec 13, 2017

Contract address

Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.

BNB
0x0d8ce2a99bb6e3b7db580ed848240e4a0f9ae153
BNB Smart Chain (BEP20)
0x0d8ce2a99bb6e3b7db580ed848240e4a0f9ae153
HECO
0xae3a768f9ab104c69a7cd6041fe16ffa235d1810

Documented uses

Filecoin results in a decentralized storage layer that opens up an entirely new class of applications and use cases, enhancing the way data is stored and accessed across various platforms.

Official resources

Risks

Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.

Transfer and custody notes

Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.

FAQ

What is Filecoin?: Filecoin (FIL) is a cryptocurrency focused on decentralized storage solutions, allowing users to rent out their unused storage space.
What are the risks associated with transferring Filecoin?: Users should verify the contract address and network before transferring assets, as digital asset prices can be volatile.
How can I verify the acquisition of Filecoin?: Ensure you verify the asset name, network, and contract details prior to any transfer.
What are the official resources for Filecoin?: Official resources include the Filecoin website at https://filecoin.io/ and their technical documentation at https://docs.filecoin.io/.
What are the use cases of Filecoin?: Filecoin enables a decentralized storage layer, creating new applications and use cases for data storage and access.

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