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The FIL token serves several essential functions within #Filecoin: 1️⃣It facilitates on-chain transactions. 2️⃣FIL acts as collateral, incentivizing reliable storage and securing the blockchain. 3️⃣Tokens are burned🔥 to regulate blockspace, ensuring network efficiency & integrity.

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242,665 views • 2 years ago •via X (Twitter)

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