#Project Introduction

Filecoin is a peer-to-peer network for storing files, with built-in economic incentives to ensure that files are stored reliably over time. Filecoin includes a blockchain and a native cryptocurrency (FIL). Storage providers earn FIL units for storing files. Filecoin's blockchain records transactions that send and receive FIL, as well as proofs from storage providers that they stored the files correctly.

Total issuance: 2 billion

Circulation: 513 million

Global total market value: 2 trillion

Market value: 3.733 billion

Circulation rate: 25%

Current lock-up situation

The next unlocking will be in about 965 days, which will unlock 0.02% of the supply and 0.01% of the baseline mining.

Currently, 34.62% has been unlocked, and 65.38% has not yet been unlocked.

Fund allocation

Baseline mining still accounts for the majority of about 38.5%, simple mining accounts for about 16.5%, mining reserves account for about 15%, Protocol Labs accounts for about 10.5%, Filecoin Fund accounts for 5%, and other fundraising accounts for about 14.5%.

Filecoin Development History

July 2017: The IPFS team announced the establishment of the Filecoin project

2017-08-11 Filecoin project ICO raised $200 million in one hour, becoming the largest ICO of the year

2019-02-15 Filecoin code is open source, go-filecoin is launched

2019-07-12 Filecoin official team's first trip to China

2019-09-25 Filecoin team announced go-filecoin alphanet, go-filecoin version 0.5.6 is officially launched

2019-10-16 Filecoin team launched the first backup Filecoin network Lotus

2019-12-12 Filecoin global public beta launched as scheduled

2020-01-14 Filecoin testnet reset

2020-01-19 The official Filecoin block browser developed by IPFS Force Zone is launched

2020-03-10 Filecoin officially launches test3

2020-04-03 Filecoin officially announced that go-filecoin and lotus have officially completed interoperability

2020-04-07 Filecoin official block browser filscan Chinese version launched

2020-04-25 Filecoin economic model officially released

2020-05-08 Filecoin officially launches new project Filecoin Discover

2020-05-15 Launch the second phase of the Filecoin testnet

2020-05-29 Filecoin officially organizes the second miners conference

2020-06-10 Filecoin officially releases the details of the Filecoin test network's big miner reward plan and hardware recommendations

2020-08-03 Filecoin Incentive Testnet Launched

2020-08-12 Filecoin officially announced that it will start the large miner test on August 12 at the latest

2020-08-25 Filecoin Test Reward Program Officially Launched

2020-09-23 The second round of Filecoin space race starts

2020-10-15 Filecoin mainline is launched

2020-10-24 Filecoin releases lotus 1.1.1

2021-10-15 Filecoin will conduct the second production reduction on October 15, 2021

On March 14, 2023, the Filecoin Virtual Machine (FVM) was launched on the Filecoin mainnet.

On February 19, 2024, Filecoin and Solana reached a cooperation.

The persistence and trust of the miners in the early stage, coupled with the continuous development of the project, finally on October 15, 2020, the main network was launched. Phil once rushed to the altar, and the price of the coin once rose to 238 US dollars, which was then the well-deserved king of hot spots. The reason for the subsequent fall was mainly due to policies, some teams were **, etc., which caused a large number of domestic cryptocurrency miners to leave. The original low position of 90% of the global cryptocurrency mining disappeared overnight. Phil still has a place until now. #内容挖矿

Recently, Sol and Fil have reached a cooperative relationship, which is a major positive news. Fil's trading volume and turnover rate once again ranked among the top. #fil