Let's run some facts about Filecoin:
What is Filecoin?
Filecoin is a decentralized storage network based on the Interplanetary File Storage (IPFS) protocol. It is designed to utilized unused storage globally into an efficient storage market for users to pay for low cost storage. The objective is to ensure file storage is permanent and distributed across the web. Contrast this with centralized cloud storage solution such as Amazon Web Services, Google Cloud, or Dropbox, where data are stored in servers owned by these private corporations.
Filecoin (FIL or ⨎) is also the currency of the decentralized storage network. Customers wanting to access storage will have to pay for storage in Filecoin. Nodes that provide storage to the network will in turn be paid in Filecoin for their service.
What is IPFS?
IPFS stands for Interplanetary File Storage, a peer-to-peer storage and file system protocol developed by Protocol Labs. When a file is uploaded to the IPFS network, the file is designated a unique signature, and multiple nodes can host a whole or portion of that file. These files can be requested by any user with access to the address through the unique signature. As any nodes can store a copy of the file, it is distributed thus giving resilience to the file's existence on the internet. Many haven liken IPFS to be as important as the Bittorrent protocol created by Bram Cohen.
What was Filecoin ICO price?
The Filecoin initial coin offering (ICO) price started at $1, and increased by $1 for every $40 million raised, capping at $6 per token. The ICO was conducted on August 10th, 2017 and the Filecoin team have successfully raised over $200 million of funding.
What is the daily trading volume of Filecoin (FIL)?
The trading volume of Filecoin (FIL) is $551,975,689 in the last 24 hours, representing a 168.90% increase from one day ago and signalling a recent rise in market activity.
What is the all-time high for Filecoin (FIL)?
The highest price paid for Filecoin (FIL) is $236.84, which was recorded on Apr 01, 2021 (almost 4 years). Comparatively, the current price is 97.40% lower than the all-time high price.
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