Filecoin is a protocol token whose Blockchain runs on a novel proof, called Proof-of-Spacetime, where blocks are created by miners that are storing data. Filecoin protocol provides a data storage and retrieval service via a network of independent storage providers that does not rely on a single coordinator, where: (1) clients pay to store and retrieve data, (2) Storage Miners earn tokens by offering storage (3) Retrieval Miners earn tokens by serving data.
Filecoin is IPFS's project.
Tokens distribution70% to Filecoin Miners (Reward)15% to Protocol Labs (Genesis)10% to Investors (Genesis)5% to Filecoin Foundation (Genesis)
Token generation cap
Limited Supply: a total set by the token sale
USD, BTC, ETH, ZCash