The Filecoin network achieves staggering economies of scale by allowing anyone worldwide to participate as storage providers. It also makes storage resemble a commodity or utility by decoupling hard-drive space from additional services. On this robust global market the price of storage will be driven by supply and demand, not corporate pricing departments, and miners will compete on factors like reputation for reliability as well as price.
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Filecoin Key Information
|Tokens for sale||200,000,000|
|Distributed in ICO||10%|
|Hard cap||150,000,000 USD|
|Accepting||BTC, ETH, ZEC, Fiat|
|Price in ICO||0.7500 USD|
|Whitepaper||Click Here For View Whitepaper|
|Website||Click Here For Visit ICO Homepage|
The Game Change Team Behind Filecoin
The future of data storage
Filecoin is a decentralized storage network that turns the world’s unused storage into an algorithmic market, creating a permanent, decentralized future for the web.
Lower data storage costs : Filecoin has the potential to create a market that can utilize unused storage space residing in data centers. With the additional supply created by Filecoin, this could eventually drop the price of storage while meeting growing demand.
Properly designed incentives : The Filecoin network is centered around aligning the incentives for all participants and can rebalance and recover in response to disruptive events, which keeps data safe and flowing.
Resilience and censorship resistance : By breaking up the oligopoly, data storage becomes distributed while remaining secure and accessible.
Filecoin (FIL) serves as the native asset to the Filecoin blockchain and powers the data storage and data retrieval markets, which form the core of the Filecoin project. Economic incentives and disincentives are baked into the blockchain to produce the optimal number of storage and retrieval miners providing honest service to clients. The FIL supply is capped at 2 billion and will be released through block rewards over the subsequent decades.
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