Name: Filecoin
Brand: Binance
Price: 1.46 KZT
Availability: InStock

Price of Filecoin Today

The live price of Filecoin is $1.460611 per (FIL / USD) with a current market cap of $1.07B USD. 24-hour trading volume is $120.75M USD. FIL to USD price is updated in real-time. Filecoin is -1.8% in the last 24 hours with a circulating supply of 734.28M.

FIL Price History USD

Date Comparison	Amount Change	% Change
Today	$-0.02683	-1.8%
30 Days	$0.116563	+8.67%
60 Days	$-0.689211	-32.06%
90 Days	$-0.149961	-9.31%

Filecoin Chart Performance

24h Low & High

Low: $1.439154

High: $1.509331

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)

+0.3%

The percentage change in price for this asset compared to 1 hour ago.

Price Change (24h)

-1.8%

The percentage change in price for this asset compared to 24 hours ago.

Price Change (7d)

-0.97%

The percentage change in price for this asset compared to 7 days ago.

24h Low & High

Low: $1.439154

High: $1.509331

All Time High

$237.24

Price Change (1h)

+0.3%

Price Change (24h)

-1.8%

Price Change (7d)

-0.97%

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

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.

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.

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.

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.

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.

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.

Asset

Trading Pairs