FIL token
Overview
FIL is the native token of the Filecoin network, a decentralized storage marketplace. It is used to pay for storage and retrieval services, and as collateral for storage providers.
Within the DeFi Intel graph, FIL connects to 4 tracked entities, most strongly to Filecoin, Filecoin, Filecoin.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 4 of 4 total).
| Relation | Connected entity | Confidence |
|---|---|---|
ISSUES_TOKEN | Filecoin | 95% |
issued_by | Filecoin | 95% |
supports_token | Filecoin | 90% |
deployed_on | Filecoin | 85% |
In-depth guides on FIL
Frequently asked questions
What is FIL?
FIL is the native cryptocurrency of the Filecoin blockchain, used to incentivize storage and retrieval of data.
How is FIL used?
FIL is used to pay storage fees, reward storage providers, and as collateral to ensure reliable service.
What is Filecoin?
Filecoin is a decentralized storage network that allows users to rent out unused storage space and earn FIL tokens.
What is FIL connected to?
In the DeFi Intel knowledge graph, FIL is linked to 4 other tracked entities, most strongly to Filecoin, Filecoin, Filecoin.
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