FIL is the native cryptocurrency of the Filecoin network and has several use cases, such as: Native Currency for Decentralized Storage Services FIL tokens are the native currency for accessing decentralized storage services on the Filecoin network. You can use FIL to pay for these services when you need secure and efficient data storage. The more FIL you invest in storage, the higher the level of security your stored data receives. Rewards for Filecoin MinersFIL rewards miners who contribute storage resources to the Filecoin network. Miners receive FIL as compensation by providing decentralized storage and supporting customers’ data storage needs. Additionally, storage miner nodes earn FIL rewards for mining blocks within the Filecoin blockchain, further incentivizing active participation in the network. Trade and HODL FIL Filecoin is a prominent cryptocurrency with a significant market cap, making it attractive for traders and investors. You can buy or sell FIL on the KuCoin Spot Market, or hold it long-term. When considering trading FIL, review the latest price, market cap, trading volume, and news to make informed decisions. Earn Passive Income on KuCoin Use the KuCoin Crypto Lending service to earn passive income in a risk-free manner. Visit this section of our platform to lend FIL liquidity and earn attractive daily interest over specific periods, such as seven, 14, or 28 days.