Filecoin (FIL) will soon be available on EXMO

The most talked-about crypto event of this week is by far the launch of the Filecoin mainnet with the FIL native coin. We keep up with industry trends, and therefore very soon a new asset FIL will appear on the EXMO exchange.

About Filecoin (FIL)

Filecoin is a decentralized storage network used for providing an additional incentive layer to IPFS (Interplanetary File System). As part of the initial coin offering (ICO) in 2017, the project attracted 205 million USD. The mainnet was launched on October 15, 2020. Filecoin is based on two security systems: Proof-of-Replication and Proof-of-Spacetime.

The FIL cryptocurrency is used to incentivize various types of nodes to benefit the network. Node types include Chain Verifier Node, Client Node, Storage Miner Node, Retrieval Miner Node. FIL will also be used as collateral for miners participating in the Filecoin ecosystem. The required collateral will be proportional to the storage space provided by the miners.

Read more about the new project here: Filecoin, CoinGecko.

We are already working on the integration of FIL on the EXMO platform, and very soon you will be able to add the most discussed digital asset to your portfolio. Follow the news so you don’t miss anything!

Disclaimer

EXMO reminds users that cryptocurrency investments are not only high-rewarding, but also involve high risk. For its part, EXMO does its utmost to ensure only reliable cryptocurrencies are to be traded on the exchange, however, the company is not responsible for any losses incurred to traders, as a result of trading operations. Please remember that each trader is personally responsible when carrying-out trades or choosing a project for investment.