Gemini to offer Filecoin Custodian Services
Gemini cryptocurrency exchange and custodian announced support for Filecoin custodian services.
The Filecoin mainnet is slated to launch on Q3 2020. Filecoin raised around $257 million in its initial coin offering (ICO) between August and September 2017.
We are thrilled to announce upcoming support for the #custody of Filecoin $FIL. Filecoin is the reward and incentive token of the InterPlanetary File System (“IPFS”), a decentralized cloud storage network ☁️— Gemini (@Gemini) February 25, 2020
Learn more about Filecoin here ⬇️https://t.co/cGJUxgYe0i
Executive Opinion
Managing Director of Operations, Jeanine Hightower-Sellitto, Gemini, said, "We are excited to add this cryptocurrency to our platform and continue our mission — to empower the individual through crypto." He further added, "If you participated in Filecoin’s token sale, you will be able to start receiving your tokens directly in your Gemini custody account when the network launches."Gemini and Filecoins
Filecoin is digital currency behind distributed cloud storage network is called InterPlanetary File System (“IPFS”). The goal of IPSF is to provide a decentralized network for digital storage. Users can rent their spare storage capacity to the IPSF network and receive Filecoins as an incentive.
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Mandar Pise
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Mandar is a seasoned software professional for more than a decade. He is Cloud, AI, IoT, Blockchain and Fintech enthusiast. He writes to benefit others from his experiences. His overall goal is to help people learn about the Cloud, AI, IoT, Blockchain and Fintech and the effects they will have economically and socially in the future.
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