filecash logo download PNG or SVG

Information about filecash

Filecash is a decentralized cloud storage platform that aims to utilize unused storage space worldwide in order to meet the demand for storage. It functions as an incentivization layer for the IPFS protocol and incorporates both proof-of-replication and proof-of-spacetime mechanisms. It was initiated by members of the Filecoin community who believed that Filecoin and Protocol Labs were deviating from the original objectives of IPFS. Filecash is designed to make participation more accessible for miners and other participants in its ecosystem. The platform has a native utility token called FIC, which serves various purposes such as collateral for miners, lending to miners, and payment for using the Filecash network. FIC is distributed among miners (55% linearly halved in 6 years), Layer 2 incentives (30%), investors (10%), the foundation (2.5% released linearly over 6 years), and the development team (2.5%).

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