What are some potential use cases for using FIL tokens ?

Filecoin (FIL) is a decentralized storage network that allows users to rent out their unused hard drive space and get paid in FIL tokens.

The Filecoin network is powered by miners who are incentivized to store data on the network and provide retrieval services. As such, there are a variety of potential use cases for using FIL tokens. One potential use case is as a medium of exchange for buying and selling storage space on the Filecoin network.

By using FIL tokens, users can easily purchase storage space from miners without having to worry about currency conversion or transaction fees. This makes it easier for users to access the Filecoin network and benefit from its low-cost storage solutions. Another potential use case is as a store of value.

Since the Filecoin network is decentralized, it is not subject to government regulation or manipulation, making it an attractive option for investors looking for a secure way to store their wealth. Additionally, since the value of FIL tokens is tied to the success of the Filecoin network, investors can benefit from any appreciation in its value over time. Finally, FIL tokens can also be used as collateral in lending agreements between miners and users on the Filecoin network.

This could allow miners to borrow funds from users in order to expand their operations or purchase additional hardware, while providing users with an additional source of income through interest payments on their loans.