Filecoin What Is Filecoin (FIL)? Filecoin is a decentralized storage system that aims to “store humanity’s most important information.” The project raised $205 million in an initial coin offering in 2017, and initially planned a launch date for mid-2019. However, the launch date for the Filecoin mainnet was pushed back until block 148,888, which is expected in mid-October 2020.
As of March 2023 Filecoin has a market cap of 2.38B. This makes Filecoin the world's 28th largest crypto project.