The FIL token is the native cryptocurrency of the Filecoin network.
Filecoin is a decentralized storage network that allows users to rent out unused hard drive space or buy storage from others on the network. It’s built on top of IPFS (InterPlanetary File System), which is a peer-to-peer system for storing and sharing data.
Key points about FIL token:
Utility: Used to pay for storage, retrieval, and other services in the Filecoin network.
Incentive: Storage providers earn FIL tokens by offering reliable storage and proving it over time using cryptographic proofs.
Governance: FIL can also be used in network governance and improvements.
Would you like a comparison between Filecoin and other storage projects like Arweave
All time high 430
all time low 2.11
current price 2.8
totally bullish momentum at that time