Is Filecoin (FIL) a shitcoin?
$ No. Strong fundamentals, few red flags.
Gold-meter
59/100
merit score
Shit-meter
33/100
red-flag score
Filecoin: Strongest on tech & development (100); biggest red flag is insider control (50).
— — Market Cap —
DePIN · Data confidence medium How much of the methodology had verified data behind this score. It says nothing about the project itself. Is this verdict fair?
Community opinion — never affects scores.
Every score is built from the indicators below. Select any line for the reasoning, raw data and source.
Goldcoin score breakdown Higher is better · total 59 Supply soundness 14% of score 66
Current annual inflation measured 31 7.2% Supply policy assessed 100 Fixed hard cap Decentralization 16% of score 45
Largest client's share measured 15 ~90% (est.) Nakamoto coefficient measured 54 ~5 (est.) Permissionless participation assessed 50 High stake minimum Reachable full / validating nodes measured 74 ~3,000 (est.) Consensus mechanism assessed 30 DPoS / small elected set Tech & development 12% of score 100
Programmability assessed 100 Full smart contracts (EVM or native VM) Open source assessed 100 Fully open Monthly active core developers measured ?
Unknown Originality assessed 100 Novel design or research Annual fees ÷ market cap measured 68 0.109% Daily active addresses measured ?
Unknown TVL or non-speculative settlement ÷ market cap measured ?
Unknown Fair launch & distribution 16% of score 38
Genesis allocation to insiders measured 16 42% Launch method assessed 60 Open public sale Top-100 holders' share measured ?
Unknown Usability as money 10% of score 78
Confirmation speed (L1) assessed 70 10s to 2 min Typical transaction fee (L1) assessed 85 $0.001 to $0.01 Cost to attack measured 57 ~$500M (est.) Full bear markets survived measured 40 1 Years in production measured 55 6 years Halts or rollbacks, last 5 years measured 100 0 Security budget 10% of score 29
Fee share of security rewards assessed 15 Under 3% Real reward to securers assessed 0 Negative or none Security spend (rewards ÷ market cap per year) assessed 100 1.5% or more of market cap per year Security trend (hashrate or staked share, 1 year) assessed 0 Falling
Shitcoin score breakdown Higher is worse · total 33 Insider control 20% of score 50
Team, investor and foundation holdings measured 60 ~30% (est.) Who controls upgrades and governance assessed 40 Foundation-led Top-10 wallets' share measured ?
Unknown Admin powers 15% of score 17
Mint authority measured 0 None Upgrade path measured 50 Admin upgrade with ≥ 7-day timelock Freeze or blacklist function measured 0 No Unlock overhang 15% of score 22
Unlocks in next 12 months measured 12 ~3% (est.) FDV ÷ market cap measured 32 2.35× Function beyond speculation assessed 0 Money, gas or collateral Token needed to use the product assessed 0 Required Market cap ÷ annual economic throughput measured ?
Unknown Track record 10% of score 0
Core-protocol exploits with user losses, last 5 years measured 0 0 Regulatory enforcement against the issuer measured 0 None Hype dependence 10% of score 0
Celebrity, influencer or politician launch assessed 0 No Social mentions ÷ active addresses measured ?
Unknown Trading turnover measured ?
Unknown Methodology v0.8 · computed 2026-09-29 