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Filecoin Price (FIL)

Filecoin Price (FIL)

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FIL
1 FIL ≈ USD $7.022353
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Binance
0.1%
Kraken
0.26%
Coinbase
1.99%
$ 7.022353
-1.62%
1D
Page last updated: 2024-12-03 15:08 (UTC+0)
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Note: This information is for reference only.

Price of FIL today

The live price of Filecoin is $ 7.022353 per (FIL / USD) with a current market cap of $ 4.26B USD. 24-hour trading volume is $ 1.35B USD. FIL to USD price is updated in real-time. Filecoin is -1.62% in the last 24 hours with a circulating supply of 606.78M.
FIL Price History USD
Date ComparisonAmount Change% Change
Today$ -0.115802-1.62%
30 Days$ 3.776349+116.34%
60 Days$ 3.403879+94.07%
90 Days$ 3.609586+105.77%

FIL Market Information

24h Low & High
Low: $ 6.792435
High: $ 7.627062
The highest and lowest price paid for this asset in 24 hours.
All Time High
$ 237.24
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
+0.32%
The percentage change in price for this asset compared to 1 hour ago.
Price Change (24h)
-1.62%
The percentage change in price for this asset compared to 24 hours ago.
Price Change (7d)
+31.11%
The percentage change in price for this asset compared to 7 days ago.

FIL Market Information

Popularity
#36
Popularity is based on the relative market cap of assets.
Market Cap
$ 4.26B
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
$ 1.35B
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
606.78M
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
Total Maximum Supply
--
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Fully Diluted Market Cap
$ 13.76B
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.

What Can You Do With Filecoin (FIL)?

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About Filecoin (FIL)

Filecoin (FIL) is a blockchain network and decentralized peer-to-peer (P2P) digital storage ecosystem and marketplace. Built on InterPlanetary File System (IPFS) technology, Filecoin incentivizes hard disk drive-sharing through its native FIL token. Filecoin price is updated live on Binance.

Filecoin operates as a decentralized file-sharing and storage platform, offering an alternative to centralized digital storage. Through Filecoin, it’s possible for users to sell storage on the Filecoin network and determine their own contract terms and prices.

The IPFS technology that drives Filecoin is open-source and free to use but offers no incentive to users who provide storage space. Filecoin can be considered an incentive layer on top of IPFS that gives out blockchain-enabled rewards through the FIL token, thereby promoting the use of decentralized storage. 

Users who want to store data on the Filecoin network must pay miners, who provide data storage, a fee determined by the Filecoin market. Miners must perform computationally complex processes called proofs to verify that they are storing user data reliably.

People Also Ask: Other Questions About Filecoin

  1. What is Filecoin (FIL) Used For?

    FIL tokens are used to incentivize network participation in the Filecoin ecosystem. Storage users pay storage providers FIL for decentralized storage services. FIL price information is available in real time on Binance.

  2. How Do Network Consensus and Validation Work on Filecoin?

    Filecoin uses a unique consensus mechanism called proof-of-replication (PoRep) and proof-of-spacetime (PoSt). PoRep proves that a storage provider is storing user data accurately, while PoSt ensures that user data is stored reliably over an agreed period of time. 

  3. Who is the Filecoin Founder?

    Filecoin is an open-source software created by Protocol Labs, which was founded by IPFS creator Juan Benet in 2014. The Filecoin initial coin offering (ICO), launched in 2017, raised over $200 million in less than 30 minutes. 

  4. What is the Maximum Token Supply of Filecoin?

    Filecoin integrates a dual minting model split into baseline minting and simple minting, as well as a mining reserve. Baseline minting is restricted to a total of 770 million FIL tokens, while 330 million FIL tokens are released via a six-year half-life, which will take approximately 30 years.

  5. What Makes Filecoin Different?

    Filecoin has established a decentralized model of file storage, providing users with a decentralized alternative to centralized hosting providers such as AWS. The creator of Filecoin, Juan Benet, also created the IPFS, the most widely-used and robust decentralized file storage protocol.

  6. How to Buy Filecoin?

    Filecoin can be purchased directly from Binance using a debit or credit card. Filecoin can also be traded for other cryptocurrencies on the Binance exchange. Live FIL price is updated in real-time on Binance. For additional instructions and information, users can read our How to Buy Filecoin (FIL) Guide.

FIL to Local Currency

FiatPriceOperation
1 FIL to USD$ 7.022353
1 FIL to TRY$ 7.022353
1 FIL to RUB$ 7.022353
1 FIL to EUR$ 7.022353
1 FIL to AED$ 7.022353
1 FIL to AUD$ 7.022353
1 FIL to BRL$ 7.022353
1 FIL to VND$ 7.022353
Last updated 2024/12/03 03:08 (UTC)

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