Filecoin (FIL) is the incentive layer for IPFS (InterPlanetary File System), the interplanetary file systems token. Filecoin aims to build a decentralized storage network using IPFS technology, ensuring stored files cannot be maliciously tampered with, are permanently preserved, and can be accessed at any time. In 2017, Filecoin completed a funding round totaling $257 million, setting a record in the cryptocurrency industry.

QFIL is the Filecoin token launched by QuickCash based on the ERC2.0 version, with a current total supply of 10,000 tokens (acquired through an arms race). After the mainnet launch of Filecoin, these can be exchanged 1:1 for FIL mainnet coins.