Bitazza Token Listing Announcement: FIL

Bitazza Token Listing Announcement: FIL — Get to Know Filecoin

We’re excited to announce that Filecoin (FIL) is now listed on Bitazza!

It’s now possible to buy, sell and trade Filecoin alongside over 80 different cryptocurrencies!

We’ve added Filecoin alongside four other tokens which you chose during Freedom DAO Vote #4. In addition to Filecoin, we’re listing Celestia (TIA), Stax (STX), Space ID (ID), and Fetch.ai (FET).

What is Filecoin (FIL)?

Filecoin, first launched in July 2014, is one of the oldest and largest digital storage-focused blockchain networks.

As a decentralized peer-to-peer digital storage ecosystem, Filecoin provides users with the opportunity to supply or trade digital storage via a decentralized marketplace. Filecoin aims to disrupt the traditional cloud storage industry by providing users with the ability to store and retrieve data without the need for a centralized file host.

Filecoin is primarily designed to democratize access to data, establishing a new peer-to-peer data storage marketplace through which data hosts are able to connect to users seeking storage directly.

The Filecoin ecosystem synergizes with the InterPlanetary File System (IPFS), an innovative web protocol that aims to replace the contemporary HTTP protocol. Filecoin is governed by the Filecoin Foundation, a nonprofit organization working towards the decentralization and democratization of data access.

What does Filecoin do?

In simple terms, Filecoin is a decentralized file storage network that allows users to purchase digital storage space by using FIL, the native currency of the Filecoin ecosystem. Storage providers earn FIL by providing secure, long-term digital storage for buyers.

Users seeking to retrieve data stored via the Filecoin network rely on Filecoin mining, where miners in the FIL ecosystem are referred to as storage miners. Filecoin storage miners must participate in Filecoin staking and are rewarded with FIL for responding to and completing data mining tasks. Therefore, Filecoin prices could be impacted by factors including the availability and demand of storage miners and decentralized storage space.

How do Filecoin consensus and network validation work?

Filecoin leverages two unique consensus mechanisms: Proof-of-Replication (ProRep) and Proof-of-Spacetime (PoSt)

What is the maximum token supply for FIL?

FIlecoin is limited to a maximum of 2 billion FIL.

Trade Filecoin Today!

You can now trade Filecoin along with over 80 other cryptocurrencies on Bitazza Global, in both the application and the website.

Learn how to trade Filecoin and other cryptocurrencies effortlessly on the Bitazza Global website. ➡️ https://trade.bitazza.com/gl/exchange

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Disclaimer

Cryptocurrency and digital tokens involve high risks; investors may lose all investment money and should study information carefully and make investments according to their own risk profile.

Past performance does not guarantee future performance.

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