What is 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