$FIL Filecoin (FIL) is a decentralized storage network based on blockchain, and its native token is also called FIL. Here are some key information about FIL coins:

• Token distribution: The total number of Filecoin tokens is 2 billion, of which 70% (1.4 billion) are allocated to miners, which are linearly released through block rewards and halved every 6 years; 15% (300 million) are allocated to the Protocol Labs team as R&D and operating expenses, which are linearly released over 6 years; 10% (200 million) are allocated to investors participating in private and public offerings, which are linearly released over 6-36 months; 5% (100 million) are allocated to the Filecoin Foundation, which are used as long-term community building, network management and other expenses, which are linearly released over 6 years.

• Consensus mechanism: Filecoin adopts a hybrid consensus mechanism, including Proof of Replication (PoRep) + Proof of Spacetime (PoSt) + Expected Consensus.

• The relationship between IPFS and Filecoin: Filecoin is a decentralized storage network built on IPFS (Interplanetary File System). IPFS is a peer-to-peer distributed file system, and Filecoin is its only incentive layer, which promotes the development of IPFS through the mechanism of economic incentives.

• The role of FIL: FIL, as the token of the Filecoin network, is used to pay for data storage, data retrieval, and any fees that may occur within the network. Filecoin has built a decentralized storage trading market for cloud storage based on the IPFS protocol, including two markets: "storage" and "retrieval".

• Market development: Filecoin's storage market continued to grow in the third quarter of this year, with active trading volume increasing by 45% month-on-month and nearly 10 times year-on-year. As of the end of the third quarter of this year, nearly 1,900 clients used Filecoin's data set.

• Filecoin Virtual Machine (FVM): Filecoin Virtual Machine (FVM) brings Ethereum-style smart contracts to support new use cases, including liquidity staking, permanent storage, decentralized retrieval, and computing.

• Price and market: The price of FIL coins will change with market supply and demand. It is a cryptocurrency affected by market sentiment, technological development, community activities and macroeconomic factors.