OKEX will list Filecoin (FIL) and Near Protocol (NEAR) next month

By Tsunami On Nov 30, 2020

OKEX exchange will list Filecoin (FIL) and Near Protocol (NEAR). Tokens deposits will be available from 8:00 am UTC on Nov. 30, 2020.

FIL, NEAR spot trading pairs will be available as follows:

FIL/USDT: Dec. 1, 2020 at 3:00 am UTC

FIL/BTC: Dec. 1, 2020 at 4:00 am UTC

FIL/ETH: Dec. 1, 2020 4:00 am UTC

NEAR/USDT: Dec. 2, 2020 at 3:00 am UTC

NEAR/BTC: Dec. 2, 2020 at 4:00 am UTC

NEAR/ETH: Dec. 2, 2020 at 4:00 am UTC

What is Filecoin (FIL)

Filecoin is a peer-to-peer network that stores files, with built-in economic incentives to ensure files are stored reliably over time. In Filecoin, users pay to store their files on storage miners. Storage miners are computers responsible for storing files and proving they have stored the files correctly over time. Anyone who wants to store their files or get paid for storing other users’ files can join Filecoin. Available storage, and the price of that storage, is not controlled by any single company. Instead, Filecoin facilitates open markets for storing and retrieving files that anyone can participate in. Filecoin includes a blockchain and native cryptocurrency (FIL). Storage miners earn units of FIL for storing files. Filecoin’s blockchain records transactions to send and receive FIL, along with proofs from storage miners that they are storing their files correctly.

Filecoin Has Launched But Miners Are Not Happy, The FIL Price Dumped More Than 50% Since Their Peak

What is NEAR Protocol

NEAR Protocol is a decentralized application platform designed to make apps similarly usable to those on today’s web. The network runs on a Proof-of-Stake (PoS) consensus mechanism called Nightshade, which aims to provide dynamic scalability and stabilizes fees.

NEAR Protocol launched its mainnet on April 22, 2020 with 1 billion NEAR tokens created at genesis. 5% of additional supply is issued each year to support the network as epoch rewards, of which 90% goes to validators (4.5% total) and 10% to the protocol treasury (0.5% total). 30% of transaction fees are paid out as rebates to contracts which interact with a transaction, while the remaining 70% are burned.

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