Data & Hardware
Filecoin is an ICO related to a data storage platform.
Filecoin is an ICO related to a data storage platform. The platform aims to improve the privacy of the stored files and to build a new economy around it. The economy includes three types of users. Users who pay to save or receive data, users who get paid to provide storage space on the platform, and users who earn tokens by retrieving data. The ICO protocol token called FileCoin is the main currency. Users spend FileCoins in the process of hiring miners to store or distribute data throughout the network.