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Filecoin’s mission is “to create a decentralized, efficient, and robust foundation for humanity’s information.” Dubbed a paid version of ipfs, it creates a free market to bridge between storage users and crowd sourced storage providers. Filecoin (FIL) is a utility token that enables mining as well as paying for storage services. Filecoin aims to compete with centralized storage services like Amazon AWS, as well as other blockchain projects like storj and sia. Filecoin mainnet went live on October 15th, 2020 and FIL is listed on most major exchanges.