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About Filecoin
FIL is the native utility and governance token of the Filecoin network, a decentralized peer-to-peer storage network built on top of IPFS. The token serves as the primary medium of exchange within the ecosystem, where users pay FIL to storage providers to host their data and retrieve information. It also acts as an economic incentive for miners, who earn FIL rewards for providing reliable storage capacity and maintaining the network's integrity. By decoupling storage from centralized providers, FIL facilitates a global, algorithmic market for digital information storage and retrieval.
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