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Filecoin FIL

Filecoin Price (FIL)
$5.59
14.06% Buy FIL Now

0.0019 ETH

0.0000885 BTC

Buy FIL Now
Low: $5.13
High: $6.64
24h
Market Cap
$3,010,445,062
14.06%
Fully Diluted Market Cap
$10,962,887,821
14.06%
Volume
24h
$659,086,418
19.67%
Volume / Market Cap
0.2189
Circulating Supply
538,386,311 FIL
Max Supply
--
Total Supply
1,960,596,726

Filecoin (FIL) Social Signals & Traffic Tracker

X Stats
Visit Twitter

Followers

0.24%

Joined at Jan 24, 2017

Following

350

0.58%

Tweet count

4,113

1.13%

Filecoin reddit
Reddit Stats

Subscribers

-

Subreddit type

-

Moderators

-

Currently, official Filecoin (FIL) Reddit Stats account doesn’t exist or wasn’t submitted. 🔆

Filecoin telegram
Telegram Stats

Members

-

Title

-

Currently, official Filecoin (FIL) Telegram Stats account doesn’t exist or wasn’t submitted. 🔆

Filecoin traffic
Website Traffic
Visit Website

Website Rating (DR)

77 / 100

0.00%

Ahrefs Rank

25,694

1.21%

Organic Traffic (mo.)

37,207

35.71%

Filecoin github
GitHub Organization
Visit GitHub

Public repos

Created at Sep 05, 2016

Type

Organization

Filecoin github
GitHub Public Repository

Stars

-

Watchers

-

Forks

-

Language

-

Currently, official Filecoin (FIL) GitHub Public Repository doesn’t exist or wasn’t submitted. 🔆

These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.

These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.

These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.

Followers: 130,124


Live FIL Price Analysis

The current real time Filecoin price is $5.59, and its trading volume is $659,086,418 in the last 24 hours. FIL price has plummeted by 14.06% in the last day, and decreased by 35.46% in the last 7 days. It’s important to note that current Filecoin market capitalization is $3,010,445,062, Talking about circulating supply, FIL has 538,386,311 coins. Currently, Filecoin rank on the market is #34.

Filecoin price today is 97.64% below all time high, and it is 372.78% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling FIL are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What Is Filecoin (FIL)?

FIL is the native token of Filecoin, which is a decentralized storage network. Essentially, Filecoin is an open-source cooperative digital storage and data retrieval system, based on the InterPlanetary File System. It allows users to take advantage of unused hard drive space. Make sure to take a look at the Filecoin price if you want to see the live FIL price.

Filecoin crypto project is often perceived as a market for data because it allows users to rent or sell their storage space to others. Any participant in the Filecoin project who has free disk space can rent it out to others for the purpose of storing data. According to the Filecoin project plans, there will be three types of markets on the Filecoin system:

  • File storage
  • File retrieval
  • On-exchange token trading

By utilizing its decentralized nature, Filecoin safeguards the physical location of data, making it simple to retrieve but difficult to censor. Overall, the main advantage of decentralized storage platforms like Filecoin is that it enables individuals to be their own data custodians.

The Founder of Filecoin

Juan Benet, the creator of the Interplanetary File System (IPFS), launched Filecoin. Benet is also the founder of Protocol Labs, which is an organization that participated in the launch of Filecoin. Even though the project was initially introduced in 2014 as an incentive layer for the IPFS, it was eventually launched on a Filecoin mainnet in 2020 as a separate project.

How Does Filecoin Work?

Most of the network processes happen due to miners. In the majority of blockchain protocols, miners are the network users who contribute to the blockchain's advancement and upkeep. However, the way Filecoin operates is very different. Rather than donating computational power (hashing power), miners in Filecoin provide essential utilities, storage space, and a way to retrieve information.

The existence of two different types of nodes – Storage miner nodes and Retrieval miner nodes – is what mostly distinguishes Filecoin from other similar networks. Storage nodes are physical representations of the disk space dedicated by a network participant for the storage of data. Since large nodes promote centralization and small nodes degrade the network's quality, average-size nodes are preferred mostly by the network. These nodes receive payment for the information they store. Every Storage node owner gets paid according to how much memory they provide.

Retrieval nodes, on the other hand, are a special kind of nodes that only exist on the Filecoin network. The primary requirements to become a Retrieval node are a fast Internet connection, a low ping, and a location near Storage nodes. The job of Retrieval nodes is to locate and send information to users in response to their requests. The node that handles it first, receives payment.

The consensus mechanisms used to secure the Filecoin crypto project are Proof-of-Replication and Proof-of-Spacetime.

Proof-of-Replication (PoRep) is a new variation of Proof-of-Stake. It’s based on sealing, which is a progressive, sequential process used to create a unique replica for each miner by encoding the data. In essence, this way miners show the public that a unique encoding of the data is present in physical storage.

Proof-of-Spacetime (PoSt), on the other hand, allows miners to read data from randomly chosen sectors and compress it into PoSt proof. By doing this, miners offer the public evidence that a unique data encoding was constantly present in physical storage over a certain time period.

The Purpose of FIL Coins

The basic purpose of FIL coins is to provide an economic incentive to guarantee that data is reliably stored over time. This means that FIL coins are mostly distributed as rewards for Storage and Retrieval nodes that contribute to the network by sharing or distributing storage or data.

However, besides that, Filecoin tokens are also used to cover gas fees on Filecoin. Gas is used to measure the amount of computing and storage resources needed to execute transactions and validate proofs.

Tokenomics of Filecoin

An initial coin offering (ICO) was held after Filecoin was released in 2017. The Filecoin price during its ICO was $1. Despite the fact that the ICO was held on the CoinList website in compliance with the tight SEC standards, the level of investor interest was so high that the necessary $252 million was raised in less than 30 minutes.

The biggest portion of the total Filecoin supply (70%) is dedicated to miner rewards. The remaining part is split between the developers of the project, ICO investors, and a Filecoin fund for future development.

If you’re planning to invest in Filecoin tokens, note that the FIL price is prone to change. This, in essence, happens with most crypto assets since their prices, including the Filecoin price, are easily affected by the fluctuations of the whole crypto market.

What's Filecoin trading volume in the last 24 hours?

FIL has a trading volume of $659,086,418 in the last 24 hours.

What's Filecoin highest price ever?

FIL has a highest price of $237.24, which was reached on Apr 01, 2021 (3 years 1 week ago).

What's Filecoin lowest price ever?

FIL has a lowest price of $1.18, which was reached on Dec 11, 2022 (1 year 4 months ago).

What are the best exchanges for buying and selling FIL?

Currently, the most active and dominating exchanges for buying and selling Filecoin are Binance, Kraken & Kucoin. The most popular Filecoin trading pairs are FIL/USDT (on Binance ), FIL/USDT (on Gate.io ), FIL/USDT (on Huobi Global ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping FIL?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Filecoin. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

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Current market Price of a specific cryptocurrency.

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The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

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The lowest historical cryptocurrency value.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

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The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

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Verified Data

Filecoin project's Circulating Supply has been verified and is equal to:

Circulating Supply

538,386,311 FIL

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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Current price of Filecoin is $5.59

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