Filecoin is an open-source crypto project designed to provide digital storage and data retrieval services. Filecoin ICO raised $257 million, with more than $200 million raised in the first 30 minutes. Filecoin could become the best way to store data on the cloud, if enough people begin using the service. The miners on the network provide the computational power required, and they are rewarded using the Filecoin token.
Filecoin market cap is between the largest players on the crypto market, and the Filecoin price started after launch at formidable heights, despite the fact that the project is relatively new.
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