What is Filecoin's circulating supply?

This article will explain a bit about Filecoin’s circulating supply, where it comes from, and what it means for the network. Filecoin’s native token FIL is first and foremost a utility token that’s meant to give holders a right to use the network.

What is Filecoin (fil)?

FIL is a proof-of-work token, which means that the Filecoin community can mine and earn more coins as a reward. FIL can also be used throughout the Filecoin network, where it's possible to pay miners to store or retrieve their data. The token can also be used as collateral in case of invalid or missing proofs.

How much is Filecoin worth?

However, at present, FIL has a circulating supply of around 320 million, a figure that improves the scarcity of the coin and thus makes $1,000 a little easier to obtain. Despite this, it would take a seismic adoption rate to see Filecoin reach a market value of anything close to $1,000. Who Runs Filecoin?

What is a circulating supply?

A coin or token’s circulating supply is simply the total quantity that are available for trade on the market. This article will explain a bit about Filecoin’s circulating supply, where it comes from, and what it means for the network.