Filecoin

Halal Rating :
Comfortable
Last Price $5.87 Last updated:
Rank 33
1D Change -0.02 %
Market Cap $3.25b
Circulating supply 553,174,838
Maximum supply None

Crypto Overview

Categories
  • Mineable
  • Distributed Computing
  • Filesharing
  • Storage
  • Polychain Capital Portfolio
  • Blockchain Capital Portfolio
  • BoostVC Portfolio
  • DCG Portfolio
  • Hashkey Capital Portfolio
  • a16z Portfolio
  • Winklevoss Capital Portfolio
  • Pantera Capital Portfolio
  • Web3
  • Filecoin Ecosystem
  • SEC Security Token

The Filecoin network achieves staggering economies of scale by allowing anyone worldwide to participate as storage providers. It also makes storage resemble a commodity or utility by decoupling hard-drive space from additional services. On this robust global market the price of storage will be driven by supply and demand, not corporate pricing departments, and miners will compete on factors like reputation for reliability as well as price.

Crypto Impact

To assign a comfort level investing in Filecoin from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Filecoin.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

We will review your contribution for accuracy before publication.

Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

You only have one vote per asset so use it wisely.

You can change your vote if you change your mind.

Justification for our Halal Rating