ILCOIN Risk Assessment Calculator
ILCOIN (ILC) isn't just another altcoin. It claims to be the world’s first blockchain built to store videos, images, and files directly on its network - no sidechains, no off-chain storage. That’s a bold promise. But here’s the reality: while the idea sounds revolutionary, the execution is struggling. As of November 2025, ILCOIN’s market cap sits at just under $900,000, its 24-hour trading volume is under $3,000, and most major exchanges don’t list it. So what exactly is ILCOIN, and is it anything more than a speculative footnote in crypto history?
What Makes ILCOIN Different?
ILCOIN launched in 2017 with a clear mission: fix the data storage problem on blockchains. Bitcoin and Ethereum can only handle tiny bits of data - a few hundred bytes per transaction. ILCOIN says it can store files up to 100MB directly on its chain. That’s the core of its Decentralized Cloud Blockchain System (DCB). Instead of relying on Filecoin or Arweave to store data off-chain and only hash references on-chain, ILCOIN stores the actual files inside blocks. Think of it like a blockchain that doubles as a tiny, decentralized cloud drive.This is powered by something called the RIFT Protocol. According to ILCOIN’s documentation, RIFT is a modified Proof-of-Work system built on SHA-256, the same algorithm Bitcoin uses. But ILCOIN claims it’s been tweaked to handle massive data loads without bloating the chain. They say it can process up to 124,000 transactions per second. That’s faster than Solana and way ahead of Bitcoin’s 7 TPS. But here’s the catch: those numbers come from ILCOIN’s own website. Independent audits or real-world stress tests? None exist.
The Technical Claims - Do They Hold Up?
ILCOIN leans hard on three big technical claims:- On-chain data storage - Files stored directly in blocks, not linked from elsewhere.
- Quantum resistance - Uses a custom SHA-256 variant called C2P/C3P to resist future quantum computer attacks.
- Immunity to 51% attacks - Claims its consensus model makes large-scale takeovers impossible.
Let’s break those down.
On-chain storage? Technically possible. But storing a 50MB video on-chain means every full node has to download and store that entire file. That’s not scalable. It’s like asking every person in a city to keep a copy of every movie ever uploaded. Most nodes can’t handle that. And yet, ILCOIN’s GitHub shows minimal activity - only three meaningful commits in Q3 2024. If this system were truly working, you’d see a thriving developer community building tools, wallets, and apps. You don’t.
Quantum resistance? That’s where things get shaky. SHA-256 is not quantum-resistant. True quantum resistance requires entirely new math - like lattice-based cryptography. Dr. Elena Rodriguez from MIT told CoinDesk in 2024: “Modifying SHA-256 doesn’t make it quantum-safe. That’s like painting a cardboard wall to look like steel.” ILCOIN’s claim is scientifically unsupported.
Immunity to 51% attacks? That’s also unproven. No blockchain is truly immune. If someone controls 51% of the hashing power, they can rewrite history. ILCOIN’s low hashrate - estimated at less than 1 TH/s - means it’s easier to attack than Bitcoin (over 800 EH/s). A single mining farm could theoretically take it over.
How Does ILCOIN Compare to the Competition?
The real test is how ILCOIN stacks up against the players actually doing decentralized storage:| Feature | ILCOIN (ILC) | Filecoin (FIL) | Arweave (AR) |
|---|---|---|---|
| Market Cap (Nov 2024) | $851K | $1.2B | $950M |
| Storage Model | On-chain | Off-chain | On-chain (permanent) |
| TPS | 124,000 (claimed) | 5-10 | 10-15 |
| 24H Trading Volume | $2,988 | $287M | $112M |
| Enterprise Clients | 17 (2023) | 450+ | 200+ |
| Developer Activity | Minimal | High | High |
| Exchanges Listed | 3 | 80+ | 60+ |
ILCOIN’s biggest weakness isn’t tech - it’s adoption. Filecoin and Arweave are used by startups, governments, and researchers. ILCOIN? There’s one Reddit post from a user who stored 500MB of medical records - and it took three days. That’s not a product. That’s a lab experiment.
Why Is ILCOIN So Hard to Use?
If you want to buy or use ILC, you’re in for a headache.- Buying it: Only three exchanges list ILC - and two of them are obscure. You won’t find it on Binance, Coinbase, or Kraken.
- Trading it: With $3,000 in daily volume, even a $100 trade can move the price 20%. Slippage is brutal.
- Storing it: Official wallets are clunky. Community wallets are unreliable. One user on Bitcointalk reported losing $800 because a wallet update broke their private key.
- Withdrawing: Fees can eat up 30-40% of small transactions. That’s not a fee - that’s a tax.
Setting up a node? You need Linux, 4GB RAM, 50GB storage, and hours of troubleshooting. GitHub issues are full of complaints about chain splits and API failures. The documentation? Scoring 2.1 out of 5 on CryptoSlate’s developer index. If you’re not a blockchain engineer, you’re not getting far.
Who’s Using ILCOIN - And Who’s Avoiding It?
The user base is tiny and mostly speculative. Chainalysis data shows 92% of ILC wallets hold less than $100. These aren’t investors. They’re gamblers chasing a 100x moonshot.Enterprise adoption? Barely existent. ILCOIN’s 2023 annual report lists 17 clients. Filecoin has over 450. And Gartner’s 2024 Distributed Ledger Report doesn’t mention ILCOIN at all. That’s not an oversight - it’s a verdict.
Even the community is shrinking. Telegram and Discord have under 2,000 active members - down 42% from 2023. Trustpilot ratings are 1.8/5. Common complaints: “Can’t sell my coins,” “No customer support,” “The website looks like it’s from 2017.”
The Regulatory Red Flag
In March 2024, the U.S. Securities and Exchange Commission (SEC) issued a Wells Notice to the ILCOIN Foundation. That’s not a fine. It’s a warning: “We’re considering charging you with selling unregistered securities.”Why? Because ILCOIN marketed ILC as an investment with promises of future network growth and data storage revenue. That’s how the SEC defines a security. If they follow through, exchanges may be forced to delist ILC. That could kill the price overnight.
Is ILCOIN Worth Anything?
The price of ILC is $0.0008623 as of November 2024 - down 99.97% from its all-time high of $2.48 in 2021. That’s not a correction. That’s a collapse.There’s no fundamental reason for the price to rise. No real demand. No institutional interest. No developer momentum. No clear use case beyond niche data storage - and even that’s impractical.
Forrester Research rated ILCOIN’s long-term survival as “low probability beyond 2026.” CoinTelegraph’s aggregated analysis gives it a 78% chance of becoming inactive within 18 months. That’s not a prediction - it’s a consensus.
Final Verdict: A Crypto Ghost Town
ILCOIN started with a real idea: store data on the blockchain. But it built it wrong. It overpromised. It underdelivered. And now, it’s fading.It’s not a scam. There’s code. There’s a team. But there’s no ecosystem. No users. No trust. No future.
If you’re looking for decentralized storage, go with Filecoin or Arweave. If you’re looking for a crypto project with real traction, skip ILCOIN. If you’re looking to gamble on a dead coin with a 99.97% drop from its peak? Then maybe ILC is for you.
But don’t call it innovation. Call it a cautionary tale.
What is ILCOIN (ILC) used for?
ILCOIN claims to be a blockchain for storing files like videos, images, and documents directly on-chain. In theory, this lets users permanently store data without relying on third-party servers. But in practice, the network is too slow, too small, and too unstable for real use. Only a handful of users have tried it, and most report long wait times and technical issues.
Can I buy ILCOIN on Coinbase or Binance?
No, ILCOIN is not listed on Coinbase, Binance, Kraken, or any other major exchange. It’s only available on three small, low-volume exchanges, making it extremely difficult to buy or sell without massive price swings. Most traders avoid it because of the risk.
Is ILCOIN a good investment?
No. ILCOIN has a market cap under $1 million, near-zero trading volume, no enterprise adoption, and declining community interest. Its price is down 99.97% from its peak. Experts and analysts agree it has little to no long-term viability. Investing in ILC is speculative at best and potentially a loss at worst.
Is ILCOIN quantum-resistant?
No. ILCOIN claims its modified SHA-256 protocol is quantum-resistant, but this is scientifically false. SHA-256 is vulnerable to quantum attacks. True quantum resistance requires entirely new cryptographic methods like lattice-based encryption. Experts, including MIT’s Dr. Elena Rodriguez, have dismissed ILCOIN’s claim as misleading.
Why is ILCOIN’s price so low?
ILCOIN’s price is low because there’s no real demand. No companies use it. No developers build on it. No exchanges support it. The project has been stagnant for years, with minimal updates and no growth. Its all-time high of $2.48 in 2021 was driven by hype, not utility. Since then, it’s lost 99.97% of its value - and there’s no sign of recovery.
What happened to the ILCOIN team?
The team, led by CEO Raj Jeffreys, has been largely silent since 2022. GitHub activity is near zero. No major updates have been released. The official website hasn’t been meaningfully updated since 2023. The project appears to be in maintenance mode - if that. There’s no evidence of active development toward its promised roadmap features like DCB 2.0.
lol i tried to buy ilcoin once just to see what it was like. took me 3 days to get it on an exchange and then i couldn't even withdraw without paying $15 in fees on a $20 investment. 🤡
this is why america is falling behind we let this garbage crypto exist while china builds real infrastructure nobody cares about innovation anymore just get rich quick schemes
eh i dont really get why people care about this coin
if you want to store files permanently use arweave
i tried setting up a node for ilcoin back in 2022. the docs were a mess, the wallet kept crashing, and my 50gb hdd filled up in 2 days with no actual files i could access. i gave up and deleted everything. still dont know if my coins are gone or not lol
look i get the idea sounds cool but if no one can use it and no devs are working on it then its just digital dust. filecoin and arweave actually work. why waste time on this?
ILCOIN IS THE FUTURE!!! THEY'RE BUILDING A NEW PARADIGM!!! THE RIFT PROTOCOL IS A GOD-TIER BREAKTHROUGH!!! WHY DO YOU HATE INNOVATION??? YOU JUST WANT TO KEEP THE BIG EXCHANGES IN CONTROL!!! 🚀🔥💥