Filecoin
About Filecoin
The price of Filecoin (FIL) is $3.53 today, as of Sep 01 04:58 a.m., with a 24-hour trading volume of $100.22M. Over the last 24 hours, the price has decreased by -3.70%. Filecoin currently has a circulating supply of 582.49M and a market cap of $2.06B.
Filecoin token (FIL) is the native digital token offered by Filecoin, a peer-to-peer, decentralized network for file storage. The token is offered as an economic incentive to ensure the reliability of file storage. Filecoin was built on top of the decentralized file sharing network InterPlanetary File System (IPFS), and brought the economic incentive system and marketplace functionality to IPFS.
FIL serves as the main component of Filecoin’s economic incentive system and community participation on the Filecoin network. Storage Providers receive FIL as payment for storing and distributing the user’s data on the Filecoin network.
FIL’s price jumped to an all-time high of $237.62 on April 21, 2021, from a record low of $19.95 on Dec. 30, 2020. It has a total circulating supply of $114.87 million with a max supply of $1.97 billion.