Filecoin is a decentralized distributed storage network and the only incentive layer for IPFS. Filecoin uses the blockchain pass system to issue Token, which is referred to as FIL. V | czdn222
Filecoin builds a decentralized storage trading market for cloud storage based on the IPFS protocol, including two markets for "storage" and "retrieval". This market runs on a blockchain with a local protocol token (FIL). Miners can obtain FIL by providing storage for customers; similarly, customers can spend FIL to hire miners to store or distribute data.
Filecoin uses the blockchain pass system to issue Token, which is referred to as FIL, with a total issuance of 2 billion. The distribution plan consists of four parts:
Miners: 70% (ie 1.4 billion pieces), released linearly through block rewards, and halved every 6 years;
team: 15% (ie 300 million pieces), as the R&D and operating expenses of the protocol laboratory team, press 6 Annual linear release;
Investors: 10% (ie 200 million pieces), allocated to investors participating in private and public offerings, linear release within 6-36 months;
Foundation: 5% (ie 100 million pieces), as a long-term community Construction, network management and other costs will be released linearly for 6 years;