Filecoin 

FIL Price

What is the Filecoin cryptocurrency?

Filecoin is a decentralized peer-to-peer storage network that runs on its own L1 blockchain, built by Protocol Labs on the IPFS protocol. Clients pay FIL to store and retrieve data. Storage providers earn FIL by cryptographically proving continuous storage through Proof-of-Replication and Proof-of-Spacetime. DropsTab classifies Filecoin under Storage, Infrastructure, Web 3.0, and DePIN. Mainnet launched on October 15, 2020.

How is the FIL token used?

FIL is the payment unit of the Filecoin network. Clients spend FIL to store data and to retrieve it, and storage providers earn FIL in block rewards for provably hosting that data. The network's marketplace therefore prices storage capacity in FIL, and provider earnings depend on verified storage rather than computing power alone.

What is Filecoin's maximum supply?

The official Filecoin specification caps total creation at 2,000,000,000 FIL. Allocation: mining rewards 70% (1.4 billion FIL, split into 1.1 billion for storage mining and a 300 million FIL mining reserve), fundraising 10% (200 million), Protocol Labs 15% (300 million), and the Filecoin Foundation 5% (100 million). Per DropsTab data, total supply stood at roughly 1.96 billion FIL as of September 2026.

How does Filecoin's vesting schedule affect FIL supply?

Protocol Labs (300 million FIL) and the Filecoin Foundation (100 million FIL) vest linearly over six years from mainnet launch on October 15, 2020. The final tranche unlocks by October 15, 2026, ending the largest scheduled source of new FIL supply. SAFT sale investors vested over six months to three years, with all tranches completed by around October 2023. After October 2026, new supply comes mainly from block-reward minting, whose pace depends on network storage growth.

Can you mine Filecoin?

Yes — by running a storage provider, not by proof-of-work hashing. Storage providers earn block rewards by proving continuous storage of client data. Block rewards mint through two channels: 30% via simple minting with a six-year halving, and 70% via baseline minting tied to a network storage baseline initially set at 2.88888888 EB. Baseline minting rewards actual storage capacity, not elapsed time alone.

Who backed Filecoin and how much did it raise?

Per DropsTab funding data, Filecoin raised $52 million in a July 2017 pre-sale and $153.8 million in its public sale on CoinList, which ran August 9 to September 7, 2017 — plus a $120,000 seed in 2014 from Winklevoss Capital. Pre-sale backers included Sequoia Capital, Union Square Ventures, Y Combinator, and Digital Currency Group. The official blog's final tally of $205.8 million reconciles with these rounds; the widely cited $257 million reflects appreciating crypto-denominated contributions.

What does Filecoin's fundraising signal about project maturity?

Tier 1 backers — Sequoia Capital and Union Square Ventures — participated in the 2017 pre-sale, per DropsTab funding data. The public sale reached a $3.82 billion pre-valuation on CoinList, a leading launch venue of that era. Concentration risk is low: no single backer is recorded above Tier 1 participation, and the raise spread across more than 2,100 investors in over 50 countries.

Where can you buy Filecoin (FIL)?

FIL trading is centralized-exchange dominant. Per DropsTab data, FIL trades across 90+ markets, with spot pairs on Binance, Coinbase, Kraken, OKX, Upbit, KuCoin, and Bybit. Decentralized availability is limited to wrapped FIL on PancakeSwap v2 on BNB Smart Chain — native FIL exists only on the Filecoin L1. Derivatives depth is strong, with FIL perpetuals on Binance Futures, OKX, Bybit, Hyperliquid, and Kraken Futures.

Can you stake Filecoin?

Filecoin has no native proof-of-stake staking — FIL holders who want yield delegate or lend FIL to storage providers as collateral (the FIP-0081-style leasing model). Holders can also stake FIL through exchange products on Coinbase, Kraken, and Binance, or use liquid staking providers that issue a tradable receipt such as vFIL.

Is Filecoin a coin or a token?

Filecoin (FIL) is a coin — it is the native asset of its own L1 blockchain, used for storage payments and provider rewards. Wrapped FIL versions exist as tokens on other chains: DropsTab tracks wrapped FIL contracts on BNB Smart Chain and Heco Chain. The native coin and its wrapped versions are distinct instruments with separate custody.