Can Filecoin reach $1000? – Katoch Tubes

FileCOin FIL token

FileCOin FIL token

What is FileCoin?

FileCoin is a decentralized p2p storage network that works on IPFS (Inter-planetary File System) Unlike Google Drive, no authority can control or limit the access to data

Face of Filecoin

Filecoin is developed by Protocol Labs, founded by Juan Benet in 2014. The mainnet went live in 2020 Check project details-


1. Founded: 2014 2. Technology: IPFS 3. Mining: Possible 4. Ticker: FIL 5. Supply: 2 billion FileCoin is an incentive layer of IPFS network

FIL token

FIL is the native token  of Filecoin. The storage miners earn FIL tokens by storing files. It serve as a rewarding system that runs on the smart contract

Filecoin Mining

Filecoin is mined by providing the storage services on the network. The Miners are rewarded based on the storage power & not on the computation power

Can Filecoin  reach $1000?

Filecoin is in adoption stage. It will take time to win trust of mainstream users. It can hit $1000 but not immediately. Also read-

Checkout these Crypto Projects:

LEARN about popular Cryptocurrencies only on  Katoch Tubes

We're on You Tube