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SoSo Daily May 12 | Guotai Junan International Expands Tokenized Securities Business, Receives No Objection Confirmation from CSRC
SoSo Daily May 12 | Guotai Junan International Expands Tokenized Securities Business, Receives No Objection Confirmation from CSRC
SoSo Daily May 12 | Guotai Junan International Expands Tokenized Securities Business, Receives No Objection Confirmation from CSRC
SoSo Daily May 12 | Guotai Junan International Expands Tokenized Securities Business, Receives No Objection Confirmation from CSRC
SoSo Daily May 12 | Guotai Junan International Expands Tokenized Securities Business, Receives No Objection Confirmation from CSRC
SoSo Daily May 12 | Guotai Junan International Expands Tokenized Securities Business, Receives No Objection Confirmation from CSRC
SoSo Daily May 12 | Guotai Junan International Expands Tokenized Securities Business, Receives No Objection Confirmation from CSRC
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Filecoin

FIL

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.@USDFC_Protocol is launching soon. Built for real utility across the #Filecoin ecosystem. ⤵️
#DeFi
$FIL
Filecoin
7 hours ago
PDP proofs use SHA2 hashing and require only 160 bytes of data per challenge. This CPU-friendly design allows providers to serve hot data with minimal overhead, while offering on-demand cryptographic verification to clients and smart contracts. https://t.co/QJJY1Olo92
$FIL
Filecoin
9 hours ago
Good morning. ☕️ Your energy today, in one emoji. Go. 👇
$FIL
Filecoin
12 hours ago
Every great #Filecoin moment starts with the community. Be part of it at @FILDevSummit, happening during @consensus2025. 💙
#Layer1
$FIL
Filecoin
1 day ago
.@USDFC_Protocol is now in beta and launching soon. USDFC is a fully on-chain stablecoin powered by the Filecoin Virtual Machine. Transparent, programmable, and designed for real-world decentralized finance use cases. Learn more: https://t.co/nnKs5SFkC4
#DeFi
$FIL
Filecoin
1 day ago
8/ Spicy and brilliant. 🌶️ Congrats to the 5 winning teams from the AI Blueprints Hackathon with @storachanetwork + Filecoin! Explore what they built: https://t.co/K7dBWf4nKs
$FIL
Filecoin
1 day ago
6/ 550+ builders, 86 AI projects, $77K prize pool! 👏 Meet the winners from the Filecoin AI Blueprints Hackathon by @FILBuilders. ⤵️ https://t.co/L2iKe72Txr
#DeFi
$FIL
Filecoin
1 day ago
7/ @akavenetwork just leveled up. ☄️ Catch the latest from their April CTO update: https://t.co/Cu0zzTzH73
#Layer1
$FIL
Filecoin
1 day ago
4/ Don’t miss @carsonfarmer from @RecallLabs_ at AI Agent Night. Hosted by @FilFoundation | Co-hosted by @swan_chain https://t.co/cAxzjbLhpu
$FIL
Filecoin
1 day ago
3/ DWeb Decoded's latest episode is live! Watch now: https://t.co/jh7pSswUps
$FIL
Filecoin
1 day ago
1/ With PDP live, #Filecoin enters the era of verifiable hot storage: Fast, cryptographic proofs. No retrieval delays. By @_FilOz. Read more: https://t.co/Zc64U2Oi39
#DeFi
$FIL
Filecoin
1 day ago
2/ @FILDevSummit 6 is almost here! Join us at @consensus2025 to meet builders, push the boundaries of decentralized storage, and shape what’s next for #Filecoin. 📅May 12–13 📍Toronto Hosted by @FilFoundation & @_FilOz. https://t.co/45CO3oEt5G
#DeFi
$FIL
Filecoin
1 day ago
From AI to storage to global events, the #Filecoin community is building fast. This week’s spotlight features: @FILBuilders @storachanetwork @LighthouseWeb3 @base @axelar @RecallLabs_ @swan_chain @carsonfarmer @FILDevSummit @FilFoundation @akavenetwork @_FilOz 👇 https://t.co/z5dT2dbYaY
#Layer1
$FIL
Filecoin
1 day ago
8/ Spicy and brilliant 🌶️ Congrats to the 5 winning teams from the AI Blueprints Hackathon with @storachanetwork + Filecoin! Explore what they built: https://t.co/K7dBWf4nKs
$FIL
Filecoin
1 day ago
From AI to storage to global events, the #Filecoin community is building fast. ☄️ This week’s spotlight features: @filbuilders @storachanetwork @LighthouseWeb3 @base @axelar @RecallLabs @swanchain_io @carsonfarmer @FILDevSummit @FilFoundation @akavenetwork @_FilOz 👇 https://t.co/rSvyTykBwR
#Layer1
$FIL
Filecoin
1 day ago
.@swan_chain is building a decentralized compute layer on top of Filecoin storage, creating a decentralized compute marketplace for AI. GPU jobs, zk-proofs, LLM inference, and stable diffusion workloads are executed across Kubernetes clusters, with outputs cached on @IPFS and verified on-chain. https://t.co/xYKzgaT1GL
#DeFi
$FIL
Filecoin
1 day ago
.@LighthouseWeb3 just went live on @base, bringing seamless access to Filecoin storage with stablecoins like USDC & USDT.Powered by @axelar, this integration enables cross-chain compatibility between Base and Filecoin for encrypted, decentralized storage. https://t.co/jdIRR4GjwS
#Layer1
$FIL
Filecoin
2 days ago
PDP brings a new layer of utility to Filecoin: verifiable hot storage. It supports AI model delivery, dApp frontends, and static assets by ensuring fast, auditable access to data without compromising decentralization or security. https://t.co/5AfT9FoJSi
#Layer1
$FIL
Filecoin
2 days ago
Stablecoins are playing an increasingly important role in the fabric of Web3, and soon, Filecoin-backed stablecoin @USDFC_Protocol will arrive! 🗂️ Crosschain swaps and accessibility powered by Axelar 🔄
$AXL
$FIL
axelar
2 days ago
.@flickrfdn is storing its 1,000 most viewed Commons photographs on Filecoin. These include historical images from @NASA, the Library of Congress, and more, securing the world’s visual memory in a decentralized archive designed for durability and integrity. https://t.co/Vtwxh6wo24
#DeFi
$FIL
Filecoin
2 days ago
FilecoinGoogle Search Trends
Watermark
FilecoinGitHub code submission status
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Commit
38,339
Star
8,423
Fork
3,252
Issue
1,106
FilecoinTwitter weekly trends
Watermark
May-10-May-4
May-3-Apr-27
Apr-26-Apr-20
Tweets
Total
36
15
26
Views
Total
Average
639.54K
17.77K
158.42K
10.56K
1.12M
43.01K
Like
Total
Average
3.88K
107
1.97K
131
5.48K
210
Comment
Total
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258
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12
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756
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Filecoin Basic
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Filecoin Info

White paper
white paper
Website
filecoin.io
Contracts
BNB Smart Chain (BEP20):0x0d...e153
Explorers
filfox.info
filscan.io
hecoinfo.com
energi.network
Community
Twitter
Discuss
Discord
telegram
Source code
github.com
Sector
DePIN
First issue time
Oct 15, 2020
Significant Events
  • May,2024
    Filecoin underwent a major upgrade, improving network protocols and increasing the speed and efficiency of data storage and retrieval. At the same time, Filecoin introduced a new economic model that optimized token incentives, encouraging more users to participate in network development and maintenance.
  • Mar,2024
    Filecoin announced collaborations with other blockchain projects like Polkadot and Cosmos, further enhancing cross-chain interoperability. Through these partnerships, the Filecoin network could interconnect with more blockchain ecosystems, offering users a broader range of applications and experiences.
  • Sep,2023
    Filecoin introduced a decentralized computing service, enabling users to perform data computation and analysis while storing data. This functionality expanded Filecoin’s use cases, attracting more data-intensive industries such as scientific research and financial analysis.
  • Feb,2023
    Filecoin launched the Filecoin Virtual Machine (FVM), compatible with the Ethereum Virtual Machine (EVM), allowing developers to build smart contracts on the Filecoin network. The launch of FVM made the Filecoin network more flexible and provided robust support for decentralized applications.
  • May,2022
    Filecoin announced several technological improvements, including enhanced storage efficiency and increased network security. Additionally, the integration with IPFS further strengthened Filecoin, providing users with more efficient decentralized data storage and retrieval services. In the same year, Filecoin’s network storage capacity surpassed 15 EiB, making it one of the world’s largest decentralized storage networks.
Expand More
Watermark

Filecoin Team

Juan Benet
Founder and CEO, and the inventor of InterPlanetary File System (IPFS)
Sarah Thiam
Developer Advocate (Filecoin VM) at Protocol Labs
Organizations
Filecoin Foundation
An independent organization that facilitates governance of the Filecoin network and supports the growth of the Filecoin ecosystem
Filecoin Ecosystem
The ecosystem of filecoin
Filecoin Labs
A tech NGO DAO committed to the development, promotion and adoption of filecoin and ipfs technolgy
IPFS
An open system to manage data without a central server
Protocol Labs
The entity behind the Filecoin
Watermark

Filecoin Intro

Filecoin is a decentralized storage system that aims to “store humanity’s most important information.” It is an open-source, public cryptocurrency and digital payment system intended to be a blockchain-based cooperative digital storage and data retrieval method. This system is designed to turn cloud storage into an algorithmic market, where data is stored on a peer-to-peer network rather than centralized data centers.

Filecoin's network is built on the InterPlanetary File System (IPFS), which allows users to not only receive but also host and store data. The unique aspect of Filecoin is that it offers users the opportunity to earn the Filecoin cryptocurrency (FIL) by renting out their storage.

The Filecoin protocol runs on a blockchain that records transactions made with the Filecoin token. The network is secured by proof-of-replication and proof-of-spacetime algorithms, ensuring that the data is accurately stored and remains available over time.

In March 2023,Filecoin launched the EVM-compatible Filecoin Virtual Machine (FVM), aiming to bring smart contract programmability to the Filecoin network.

Filecoin has made significant strides in 2024, focusing on enhancing decentralized storage and smart contract functionality through its Filecoin Virtual Machine (FVM). The network is being increasingly used for large-scale data storage, particularly in AI, where it offers scalable solutions for massive datasets. Filecoin’s proof mechanisms ensure data integrity, making it a trusted option for industries such as healthcare and media. The integration of AI tools and decentralized computing further solidifies its role in the data economy.

In its ongoing expansion, Filecoin is focusing on usability, enterprise adoption, and high-profile integrations with Web3 and emerging blockchain technologies. This includes building more real-time data verification tools and collaborating with decentralized physical infrastructure networks (DePIN). By doing so, Filecoin aims to become the default decentralized storage solution for AI, IoT, and large-scale data applications.

Above are only for introduction, not intended as investment advice.

Filecoin Unlock & Allocation
Report a Data Error

Filecoin Timeline

Simple Minting 330M
Fundraising 36 months 116M
Protocol Labs Team and Contributors 90M
Filecoin Foundation 100M
Mining Reserve 300M
Fundraising 6 months 44M
Protocol Labs 210M
Baseline Minting 770M
Fundraising 24 months 10M
Fundraising 12 months 30M

Filecoin Token unlock

Unlocked: 39.95%(799.05m)
TBD locked: 15.00%(300.00m)
Total Locked: 45.05%(900.95m)
Untracked: --

Filecoin Token allocation

Baseline Minting:38.50%(770.00m)
Simple Minting:16.50%(330.00m)
Mining Reserve:15.00%(300.00m)
Protocol Labs:10.50%(210.00m)
Fundraising 36 months:5.80%(116.00m)
Filecoin Foundation:5.00%(100.00m)
Protocol Labs Team and Contributors:4.50%(90.00m)
Fundraising 6 months:2.20%(44.00m)
Fundraising 12 months:1.50%(30.00m)
Fundraising 24 months:0.50%(10.00m)

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Filecoin Price Live Data
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The live Filecoin price today is $3.118 USD with a 24-hour trading volume of 186,602,590 USD. We update our Filecoin to USD price in real-time. Filecoin is -3.97% in the last 24 hours. The current SoSoValue marketcap ranking is # 56, with a live market cap of $ 2,074,687,423 USD. It has a circulating supply of 665,390,450 FIL coins and a max supply of 1,959,493,522 FIL coins.
Learn more about Filecoin

Filecoin In-depth Report Generated by AI - For further details, please review:

https://alpha.sosovalue.xyz/trade/FIL-USDT-BINANCE

1)What is FIL?

Filecoin (FIL) is a decentralized, peer-to-peer network designed to provide a secure and efficient method for storing and sharing files on the internet. Launched in 2017 with a significant initial coin offering (ICO) that raised $205 million, Filecoin operates on a blockchain platform. It leverages FIL, its native cryptocurrency, as the medium for recording transactions and commitments made by network participants.

At its core, Filecoin aims to incentivize a global network of computer operators to offer file storage and sharing services. This approach can potentially make Filecoin one of the fastest and most cost-effective methods for data storage on the internet. Project founders believe that widespread adoption of Filecoin could significantly impact the data storage landscape.

The network functions as a storage cabinet on the internet, rewarding all participants to enhance the overall reliability of stored files. Filecoin's model allows anyone to participate in open markets for data storage and retrieval, thereby democratizing access to digital storage space.

Built on top of the InterPlanetary File System (IPFS), Filecoin further diversifies its offerings by allowing users to rent out their unused hard disk space in exchange for FIL tokens. This feature not only maximizes the utilization of available storage resources but also creates an economy around digital storage space.

In terms of its recent performance and developments, as of 2023, Filecoin has shown relatively flat gains. Despite trading around the $3 mark for months, various forecasts suggest a potential increase in its value in the coming years. Wallet Investor, for instance, predicts that FIL could end 2023 at around $0.39. Changelly estimates that Filecoin could range between $3.75 and $5.38 in 2023, with other predictions suggesting a possible rise to up to $5.66 in the same year.

Filecoin announced the launch of smart contracts in March 2023, marking a significant step towards becoming a fully-fledged Layer 1 blockchain platform. This update has positively influenced its market value, with a notable 23% increase in FIL's price within 24 hours of the announcement. The network boasts 3,785 active miners, storing 18.767 EiB of information, and staking 134,023,969 FIL.

Currently, Filecoin is preparing for LabWeek 2023, an event expected to unveil significant advancements for the protocol. This anticipation, along with its recent developments, positions Filecoin as a dynamic player in the cryptocurrency and digital storage sectors.

2)Which sector does FIL belong to?

Filecoin (FIL) primarily belongs to the decentralized digital storage sector. It's a peer-to-peer network that introduces an incentive layer to the InterPlanetary File System (IPFS) protocol, enabling open data services. This network is recognized for its role in storage as an open service, with a vision that includes not only storage but also distribution and transformation of data. Filecoin's primary goal is to accumulate massive hardware resources, aiming to compete with or even replace traditional cloud storage by operating at a significantly larger scale. The network's growth, driven by its tokenomics and community efforts, has already achieved a committed storage capacity of over 16 EiB.

The current situation and development prospects of the storage sector, which Filecoin is a part of, are marked by several key trends in 2023. These include:

  • Data Democratization and Legal Compliance: Companies are opening their teams to unrestricted data access for in-depth customer data analysis. This trend, along with the growing demand for legal compliance in cloud services, is expected to liberate innovation and foster a more prosperous industry cloud.
  • Multi-Cloud and Localization: An increasing number of enterprises are choosing data storage methods located closer to data generation points, like city edges. This trend is aimed at facilitating large-scale data analysis and accelerating innovation through better machine learning models.
  • Technology Transparency and Information Security: Cloud service providers are facing increased demands for technology stack transparency and enhanced information security measures, driven by government regulations and customer concerns.
  • Data Storage Technologies: The sector is seeing a rise in hardware-based data reduction technologies like data compression and deduplication. Moreover, AI and machine learning-based data manipulation methods are being widely developed.
  • Emerging Interfaces and HAMR Technology: Interfaces like CXL and NVMe are simplifying internal storage systems, while Heat-Assisted Magnetic Recording (HAMR) technology is becoming more popular for supporting large-capacity devices.
  • Cloud-Native Software and Sustainability: The momentum for cloud-native software is bullish, focusing on flexible, scalable, and reliable applications. There's also an increasing emphasis on sustainability, encompassing reduction, recycling, and reuse of data storage components.
  • Flash Storage Technology and ESG Accountability: Advancements in flash storage technology are leading to its increased use, replacing traditional hard disk storage. At the same time, Environmental, Social, and Governance (ESG) accountability is becoming more integral to business operations and strategies.

These trends indicate a sector that is rapidly evolving with technology advancements, increasing focus on security and legal compliance, and a strong inclination towards sustainable and efficient data storage solutions. Filecoin, with its decentralized approach and focus on incentivizing storage, is well-positioned in this dynamic sector.

3)What is tokenomics of FIL (includes allocation and supply schedule)?

The tokenomics of Filecoin (FIL) are designed to support its decentralized storage network, balancing incentives between various stakeholders. Here's an overview based on the available information:

  • Total Supply and Distribution: Filecoin has a maximum supply of 2 billion FIL tokens. The distribution is as follows:

* Fundraising: 10% of the total supply, of which 7.5% was allocated to an initial coin offering (ICO) in 2017 and 2.5% towards ecosystem development and future fundraising. The ICO raised $257 million, marking one of the largest in crypto space.

* Protocol Labs: 15% was allocated to Protocol Labs, an open-source R&D lab working on Filecoin.

* Filecoin Foundation: 5% was allocated to the Filecoin Foundation, which regulates the governance of the Filecoin ecosystem.

* Mining Rewards: The remaining 70% of the supply is allocated as mining rewards, subdivided into two parts: 15% to a mining reserve and 55% to the storage mining allocation.

  • Token Minting Model: Filecoin's minting rate depends on the network's total storage power, not just the passage of time. This model aims to smooth the impact of early-day mining, retain emission rates similar to traditional blockchain models, and incentivize consistent storage onboarding and long-term storage solutions. The minting rate increases as the network's storage power grows, moving towards a simple exponential decay model once a certain baseline is reached.

Minting Details:

* Baseline Minting: Up to 770M FIL tokens, primarily from the Storage Mining Allocation, are minted based on network performance. The full release of these tokens would occur only if Filecoin's network reached a Yottabyte storage capacity in under 20 years.

* Simple Minting: 330M FIL tokens are released on a 6-year half-life schedule, meaning approximately 97% will be released in around 30 years. This portion is minted independent of network actions.

* Mining Reserve: 300M FIL tokens are held in reserve to incentivize future types of mining, with their release subject to community decisions.

  • Token Vesting: To align stakeholders with the long-term goals of the network, Filecoin implements vesting schedules:

* Mining Rewards: 75% of block rewards vest linearly over 180 days, while 25% are immediately available. Unreliable storage results in the slashing and burning of block rewards.

* SAFT Investors: SAFT (Simple Agreement for Future Tokens) holders received FIL tokens under various vesting terms starting from the network launch, ranging from 6 months to 3 years.

* Filecoin Foundation and Protocol Labs: Both entities have their FIL tokens vest linearly over 6 years, beginning at network launch.

Overall, Filecoin's tokenomics are structured to incentivize participation and growth in its decentralized storage network while ensuring a balanced and sustainable token supply and distribution system.

4)What about the team and the investors of FIL?

The team behind Filecoin (FIL) and its funding history involve a mix of key individuals, organizations, and funding events:

Key Individuals and Organizations:

  • Juan Benet: The founder and CEO of Protocol Labs, the company that developed Filecoin. He is a computer scientist and entrepreneur with a background in Computer Science from Stanford University. He is also the creator of the InterPlanetary File System (IPFS), a protocol for sharing and distributing files on the internet.
  • Filecoin Foundation (FF): An independent organization that facilitates the governance of the Filecoin network, funds critical development projects, and supports the growth of the Filecoin ecosystem.
  • Protocol Labs: This is the main force behind Filecoin's development, contributing significantly to the project since its inception.
  • Advisors and Management: The Filecoin Foundation and Protocol Labs are guided by a group of advisors and management teams, including leaders from web3 and open-source technology communities. Notable names include Veronica McGregor (Chief Legal Officer, Exodus), Kurt Opsahl (Special Counsel, Electronic Frontier Foundation), Joe Lubin (Founder of ConsenSys and Co-founder of Ethereum), among others.

Funding History:

  • Initial Funding: The FIL token of the Filecoin network was initially funded through sales in 2017, raising over $205 million, which was used for the project's development. The mainnet was launched in 2020.
  • Investors: Notable investors in Filecoin include Sequoia Capital, Andreessen Horowitz, and Union Square Ventures, contributing to a funding total of $258.2 million.

The Filecoin project has garnered significant support and funding from various sources, which has been crucial for its development and growth. The leadership and advisory teams, consisting of individuals with a rich background in technology and blockchain, have been instrumental in guiding the project towards its goals of decentralizing data storage and retrieval networks.

5)What is the development history of FIL?

List all important events and milestones in the development process of FIL. Here's a chronological list of significant events and milestones in the development of Filecoin (FIL):

  • Pre-Launch Period (Before August 2020): Filecoin generated significant interest from investors and developers worldwide, highlighted by its initial coin offering (ICO) in 2017, which raised $257 million. Key investors included Sequoia Capital, Andreessen Horowitz, and Union Square Ventures. The development team made progress on the technical side, including developing the InterPlanetary File System (IPFS) and consensus algorithms like Proof of Replication and Proof of Space-Time. A strong community of developers, miners, and enthusiasts was also formed during this period.
  • Launch and Initial Trading (August 2020): The mainnet launch of Filecoin was a major event, marking the culmination of years of hard work. The launch saw the price of FIL soar initially, though it soon stabilized. The network was functional and stable, with miners and developers actively contributing. However, challenges like high storage costs emerged due to high demand, limited miners, and the cost of mining equipment.
  • Mainnet Launch and Early Days (October 2020): Following the mainnet launch, Filecoin started shaping up as a decentralized storage solution. The mining community grew, driving down storage costs and making the platform more accessible. Developers began building various applications on the platform, demonstrating its versatility. Issues related to trust and reliability on the network were also noted during this period.
  • Filecoin Integrations and Partnerships (2021): Filecoin integrated with other blockchain projects and platforms, notably partnering with the Ethereum network. This collaboration allowed developers to store and retrieve data from the Filecoin network using Ethereum's smart contracts. Other partnerships included collaborations with Chainlink, Polygon, and Arweave. The platform also saw the development of new tools and applications, such as the Slate storage network.
  • Filecoin in 2022: The team focused on important upgrades and improvements, including the launch of Filecoin's second major network upgrade, the Helium release. This upgrade introduced better storage performance and more efficient proof of replication algorithms. The Filecoin Discover platform was launched to facilitate easier access to storage on the network. The team also worked on new storage deal protocols, decentralized identity solutions, and new developer tools and documentation.

These milestones highlight Filecoin's journey towards becoming a leading decentralized storage solution, marked by technological advancements, community growth, and strategic partnerships.

6)What is the progress and future roadmap of FIL?

Filecoin (FIL) has shown significant progress in 2023 and has a detailed roadmap for future developments. Here's an overview of their recent achievements and upcoming plans:

Recent Progress (As of Q3 2023)

  • Storage Demand Surge: Filecoin experienced a 45% increase in storage demand, reaching 1,381 PiB in active storage deals. This growth indicates a strong interest in decentralized storage.
  • Utilization Growth: Storage utilization grew from 7.6% to 12.6%, driven by increased deals and reduced capacity.
  • Web2 Client Attraction: The platform attracted 1,891 Web2 clients, including major institutions and Web3 platforms, for cost-effective archival data storage.
  • Project Saturn and Retrieval Market: Over 1,800 geographically distributed nodes support the Retrieval Market, under Project Saturn.
  • DeFi Sector Growth: Filecoin's DeFi sector gained momentum, attracting 2,900 stakers and $30 million in deposits in Q3.
  • MIT Open Learning Collaboration: MIT Open Learning announced uploading OpenCourseWare materials to the Filecoin network, leveraging DWeb technologies for education material distribution.
  • Decentralized Storage Network Leadership: In three years, Filecoin has grown to become the world's largest decentralized storage network, supported by robust tokenomics and community participation.
  • Station Network Development: The Station Network, offering a decentralized worker network, rolled out incentives for node operators.
  • Ecosystem Growth: New Filecoin data onboarding tools and the expansion of the Decentralized Storage Alliance have been significant steps towards enterprise adoption.
  • Community Events: Successful community events, like the one in Bangalore, have been crucial in bringing together global Filecoin community members.

Future Roadmap

  • Onboarding Massive Data: The Fil+ Master Plan aims to onboard significant amounts of data to the network.
  • Application Metrics and System Throughput: There's a focus on daily application metrics and improved tracking of system throughput.
  • Variable QAP Models: Investigation of variable QAP models is in the pipeline.
  • KYC for DataCap Applicants: Introduction of basic KYC requirements as optional for DataCap applicants.
  • Retrieval Sampling on Open Data: Plans to implement retrieval sampling on open data.
  • Notary Tooling and Due-Diligence: Development of notary templates and due-diligence flow, along with notary assigning and registry optimization.
  • Notary Incentive Models and Reputation Scoring: Investigating notary incentive models and reputation scoring.
  • Notary Leveling and SLAs: Defining notary leveling and SLAs, along with conducting notary elections.
  • DataCap Removal Request Implementation: Implementation of DataCap removal requests is planned.
  • Investigating DataCap Application Abuse: Investigating notaries that support abusive DataCap applications.
  • Pathways for Attaining DataCap: Creating scoped pathways for legitimate client use-cases to attain DataCap.
  • KYB Integration: Automating private data client checks through KYB integration.
  • Trustless Notary Design: Investigating the design for a trustless notary on the FVM.
  • Governance Model Improvement: Emphasizing rapid iteration and process improvement for diverse stakeholders.

These developments indicate Filecoin's ongoing commitment to enhancing its decentralized storage solutions, governance, and community engagement.

7)List all important links related to FIL

**Filecoin Foundation**

  • Main Website:

https://fil.org/

  • Filecoin’s Github:

https://github.com/

  • Filecoin’s Reddit:

https://www.reddit.com/

Filecoin’s Twitter:

https://twitter.com/

Filecoin’s LinkedIn:

https://www.linkedin.com/

Filecoin’s Youtube:

https://www.youtube.com/

Filecoin’s Slack:

https://filecoin.io/slack

8)Bullishness index for FIL from the perspective of token valuation and future potential from Chatgpt 4

Filecoin (FIL) has shown a diverse range of projections and analyses regarding its current valuation and future prospects. Here's a synthesis of the current data and expert analyses:

Current Valuation (As of Late 2023)

  • Recent Price Movements: Filecoin's price has experienced fluctuations, with recent values ranging from $3.01 to $5.66, depending on market conditions and timeframes considered.
  • Market Ranking and Capitalization: Filecoin is often ranked around #30 to #33 in market capitalization, indicating a significant presence in the cryptocurrency market.
  • Trading Volume and Interest: The trading volume and interest in Filecoin have shown increases, indicating a growing interest in this cryptocurrency.

Future Prospects

  • Predicted Price Ranges: Different experts have varied predictions for FIL's future prices. Predictions for 2023 range from a low of $2.94 to a high of $7.01. The forecasts extend to 2030, with some experts suggesting a possible high of $85.09.
  • Influencing Factors: Several factors could influence Filecoin's future market value. These include token adoption, network innovations, market sentiment, global crypto market trends, partnership deals, regulatory actions, and supply and demand laws.
  • Potential for Growth: Despite the volatile nature of the cryptocurrency market, some experts believe Filecoin has the potential to reach or even exceed its all-time high price of $236.84 in the coming years.

Summary

Filecoin's valuation and potential future prospects are subject to a variety of factors, including market trends, technological developments within the Filecoin network, and the broader cryptocurrency market dynamics. While some analysts are optimistic about its growth potential, it's important to note that the cryptocurrency markets are highly volatile and unpredictable, necessitating careful consideration and risk management in investment decisions.

Filecoin
FIL
#56
$3.118
-3.97%
Total dollar volume24H
$186,602,590
High24H
3.305 USDT
Low24H
3.077 USDT
Market Cap
#56$2,074,687,423
FDV
$6,109,700,802
Market Cap / FDV Ratio
0.34
Turnover rate
8.99%
Circulating supply
665,390,450
Total supply
1,959,493,522
Max supply
1,959,493,522
All time high
237.819 USDT
All time high date
Apr 01, 2021
Down from All time high
-98.69%
Cycle low
2.112 USDT
Cycle low date
Apr 07, 2025
Up from cycle low
47.63%
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Introduction

Filecoin is a decentralized storage system that aims to “store humanity’s most important information.” It is an open-source, public cryptocurrency and digital payment system intended to be a blockchain-based cooperative digital storage and data retrieval method. This system is designed to turn cloud storage into an algorithmic market, where data is stored on a peer-to-peer network rather than centralized data centers.

Filecoin's network is built on the InterPlanetary File System (IPFS), which allows users to not only receive but also host and store data. The unique aspect of Filecoin is that it offers users the opportunity to earn the Filecoin cryptocurrency (FIL) by renting out their storage.

The Filecoin protocol runs on a blockchain that records transactions made with the Filecoin token. The network is secured by proof-of-replication and proof-of-spacetime algorithms, ensuring that the data is accurately stored and remains available over time.

In March 2023,Filecoin launched the EVM-compatible Filecoin Virtual Machine (FVM), aiming to bring smart contract programmability to the Filecoin network.

Filecoin has made significant strides in 2024, focusing on enhancing decentralized storage and smart contract functionality through its Filecoin Virtual Machine (FVM). The network is being increasingly used for large-scale data storage, particularly in AI, where it offers scalable solutions for massive datasets. Filecoin’s proof mechanisms ensure data integrity, making it a trusted option for industries such as healthcare and media. The integration of AI tools and decentralized computing further solidifies its role in the data economy.

In its ongoing expansion, Filecoin is focusing on usability, enterprise adoption, and high-profile integrations with Web3 and emerging blockchain technologies. This includes building more real-time data verification tools and collaborating with decentralized physical infrastructure networks (DePIN). By doing so, Filecoin aims to become the default decentralized storage solution for AI, IoT, and large-scale data applications.

Above are only for introduction, not intended as investment advice.

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01:30FTX/Alameda staking address unlocked 187,625 SOL, valued at approximately 32.24 million USD
01:23The Fear and Greed Index today is 70, indicating a "Greed" state.
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