Founded by the Minsk team in 2020, FileStar has an open-source developer community that contributes to an ever-growing code base. FileStar has implemented a distributed storage incentive mechanism based on Filecoin through technological innovations, refined design for economic model and governance mechanism, and has gradually evolved from distributed storage to distributed Internet incentive layer.

The FileStar protocol native token is STAR, used to pay for gas and storage. Miners get STAR mining rewards and gas rewards.

Although 'STAR' was the ticker assigned at the deployment of the FileStar Token's smart contract, it is also in use by another asset with a larger market presence and higher trading volume on major exchanges. To avoid confusion in the marketplace, the alternative ticker 'FILEST' has been adopted for this token. This designation ensures that assets are distinctly identified.