Filecoin price

in EUR
€1.980
+€0.12608 (+6.79%)
EUR
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Market cap
€1.37B #31
Circulating supply
693.59M / 1.96B
All-time high
€202.59
24h volume
€151.78M
3.9 / 5
FILFIL
EUREUR

About Filecoin

Filecoin (FIL) is a decentralized storage network designed to store humanity's most important information securely and efficiently. Unlike traditional cloud storage controlled by a few companies, Filecoin allows anyone to participate by renting out unused storage space, creating a more open and competitive market. Users pay with FIL tokens to store and retrieve data, while storage providers earn FIL for offering their space and maintaining data integrity. This system ensures data remains accessible and tamper-proof, making it ideal for everything from personal files to large-scale enterprise backups. With its focus on decentralization, security, and affordability, Filecoin is reshaping how the world thinks about data storage.
AI insights
Storage
DePIN
CertiK
Last audit: 1 Jun 2020, (UTC+8)

Filecoin’s price performance

Past year
-35.76%
€3.08
3 months
+2.73%
€1.93
30 days
+3.84%
€1.91
7 days
+5.82%
€1.87
56%
Buying
Updated hourly.
More people are buying FIL than selling on OKX

Filecoin on socials

ArtisticArchitect.eth
ArtisticArchitect.eth
🚨 Wallet boosted! +19,950 $MON added in minutes 💰 Free, verified, and working NOW 👉 $NVDA $FIL $RNDR $HNT $THETA $OCEAN $ANKR $TAO $PAAL $FET $ORAI $SOL $ALT $FET $TAO $ENQAI $W #MonadTestnet #MonadPump #Australia #Turkey #UnitedStates #unitedkingdom
Lily🌙
Lily🌙
🌙Iris TGE SooN A tiny ping called Bankruptcy Ping has been added to my display case! Bankruptcy Ping has hundreds of characters, and I chose the bear ping~ I love bears 🐻 🌙Iris NFT I will get it from @josh_benaron by pulling a swamp prank on him, haha. If Iris creates an IPing like Tiny Ping to spark the desire to collect sprites?! People like me will just collect them first. Cuteness is the greatest survival weapon in human history 🐻 🌙Iris Differentiation 1. Large video and image files can be stored quickly. 2. Real-time data like on-chain logs can process over 100,000 transactions per second. This is a significant difference from existing data storage blockchains, as most other storage blockchains (like Arweave, Filecoin, etc.) focus on simply storing files. However, processing large data like videos is slow and expensive, which limits their capabilities. But Iris is a next-generation project that overcomes this. For now, cuteness is permanently stored in Iris~~ Currently, @AlloraNetwork Alora and @MMTFinance Momentum are dominating the feed, but @irys_xyz Iris will be soon, so don’t miss out!
∑: MAGIC (Ø,G)(✧ᴗ✧)(❖ , ❖)🕯️
∑: MAGIC (Ø,G)(✧ᴗ✧)(❖ , ❖)🕯️
IRYS Yapping that could become a vacant house Currently, @MMTFinance and @AlloraNetwork yapping are the hottest, but surprisingly, @irys_xyz could be a vacant house. - IRYS also has little time left until TGE - There is a leaderboard of its own: - There is a Korean allocation Everyone, let's not forget to post about IRYS too.
0xAllen
0xAllen
Many people are talking about IRYS, but few really get to the point. IRYS is a storage project; as long as you clarify the concept of storage, you clarify IRYS. Looking back at the history of human IT development, storage has never been a marginal issue but rather a core component of the entire ecological infrastructure, and this is also true in the Crypto industry. From Bitcoin's UTXO model to Ethereum's state tree, the essence of blockchain is a distributed database, whose value lies in the immutability and verifiability of data. However, as the industry evolves from simple value transfer to a complex smart contract ecosystem, especially in the new phase of the integration of Web3 and AI, traditional storage is becoming increasingly inadequate and is leaking significantly, gradually hindering the progress of the industry. In my previous article, I analyzed the current mainstream storage solutions, whether it's Filecoin's temporary storage, Arweave's permanent archiving, or centralized cloud services, they are essentially all "passive warehouse" models. In simple terms, it means that once data is put in, as long as it is not used, it becomes static dead data that generates no value. Therefore, they overly rely on external systems for calls. For example, the separation of NFT metadata and execution logic, and the fragmentation of memory in AI applications on the chain. This is like in the 5G era, the Nokia N95 clearly no longer meets the demand! So IRYS, like WeChat, is a product of rigid demand in the process of the times. WeChat is based on the rigid demand for instant messaging developed on mobile devices. IRYS is based on the rigid demand for proactive data needed for the development of Web3 and AI. What IRYS brings is not just the functional characteristics of programmable storage; its greater value lies in promoting the industry's shift from storage as a cost to storage as value. This is a disruption to an industry.

Guides

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Filecoin FAQ

In the Filecoin network, there are two different forms of mining: storage and retrieval. In storage mining, users generate FIL by storing data for customers and performing cryptographic proofs to continuously verify the data's integrity and ensure that the miner has not altered the data. In retrieval mining, users acquire FIL by winning bids and mining fees for a specific file, which are exclusively based on the file size's market value.

To begin using Filecoin, go to their website and look for a storage provider that meets your requirements. You must know what type of data you intend to store, how long you intend to keep it, and how much you are willing to pay. Filfix, the Filecoin explorer, displays prices, stability, and a variety of other statistics. You can also apply to become one of the 4,000 storage providers here.

Easily buy FIL tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include FIL/USDT, FIL/USDC, FIL/BTC, and FIL/ETH.

You can also buy FIL with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), are also available.

Alternatively, you can swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for FIL with zero fees and no price slippage by using OKX Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into FIL, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

Currently, one Filecoin is worth €1.980. For answers and insight into Filecoin's price action, you're in the right place. Explore the latest Filecoin charts and trade responsibly with OKX.
Cryptocurrencies, such as Filecoin, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Filecoin have been created as well.
Check out our Filecoin price prediction page to forecast future prices and determine your price targets.

Dive deeper into Filecoin

Filecoin, founded in 2014, is a peer-to-peer (P2P), open-source data storage network that uses blockchain technology to store files reliably and verifiably. Anyone needing to store their files or with storage space to spare can join and participate in the network. Consider it a cold storage, but instead of being owned by a single entity such as Google or Amazon, it is owned by everyone.

Data storage on Filecoin is entirely private; it is fully encrypted and secured, meaning no one, not even your storage provider, can read it. Additionally, Filecoin users do not need to worry about storage space because the network has a capacity of 2.5 billion gigabytes, 40 times the size of the internet.

Filecoin employs Proof of Replication (PoRep) and Proof of Spacetime (PoSt) rather than Proof of Stake (PoS). According to PoRep, miners will be compensated with FIL tokens if they can demonstrate that they received the cryptographically encoded data from the client. On the other hand, PoSt ensures that the data is kept for the time period specified in the client's contract.

Users typically pay with FIL tokens to store their files with storage providers. The price of storage on Filecoin is determined by the network's demand and supply for storage, and anyone can participate. Users are not limited to a small and defined set of storage providers but can store their files with any storage provider offering any deal available on the network. This enables users to store and access their files at extremely low prices.

Filecoin's native cryptocurrency, FIL, serves as a payment medium. Users pay FIL for storage services, and storage providers earn FIL units for staking storage space. The Filecoin blockchain immutably records FIL transactions as well as storage proofs generated by storage providers.

FIL price and tokenomics

Filecoin's ICO was one of the biggest successes in the blockchain industry, raising a total of $205.8 million. With an initial funding goal of $40 million, its initial token price was pegged at $5 when introduced into the market.

It has a maximum supply of 2 billion tokens with a market capitalization of $1.7 billion. In the fall of 2020, Filecoin organized Space Race to increase the network's data capacity by 400 pebibytes. 400 miners participated in the testnet phase and were awarded 3.5 million FIL tokens.

Filecoin is a deflationary asset with a certain amount of FIL burned with every transaction. The fees burned are sent to an irrevocable burn address to compensate for the network expenditure of resources. The idea is based on Ethereum's EIP1559.

About the founders

Juan Benet co-founded Filecoin in 2014 with the California-based company Protocol Labs, of which he is the CEO.

Benet is a Stanford University graduate with a master's degree in computer science. Before Filecoin, he was the co-founder and CTO of Loki Studios, a mobile gaming studio focused on developing location-aware games. He also founded Athena Academy, a non-profit private school in Palo Alto devoted to educating students with dyslexia.

According to official documents, Filecoin secured $205.8 million during one of the industry's largest funding rounds. The project even received backing from venture capitalists Sequoia and Andreessen Horowitz.

Filecoin highlights

First, the popular browser Brave added Filecoin to their wallet, exposing Filecoin to over 56 million Brave users. This integration helped in creating awareness among Brave users about Filecoin.

Second, instead of temporary file storage, Filecoin partnered with Lighthouse to offer their users permanent file storage within the Filecoin ecosystem, coming at a one-time cost. On Filecoin, files are removed if clients stop paying storage fees, so offering permanent file storage is essential for the most important files or irrefutable information, such as NFTs.

Next, the Filecoin Foundation recently donated $10 million worth of Filecoins (50,000 FIL tokens) to the Internet Archive after its founder joined the Filecoin Foundations board of advisors. The donation is aimed at broadening the Internet Archive's reach to help more people across the globe educate themselves.

Finally, Filecoin had a v16 network upgrade, codenamed Skyr, and switched to using the Wasm-based Filecoin Virtual Machine to operate its basic functionality. This upgrade is the first step toward enabling user programmability on Filecoin and is the network's most significant change since its launch almost two years ago.

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The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

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Market cap
€1.37B #31
Circulating supply
693.59M / 1.96B
All-time high
€202.59
24h volume
€151.78M
3.9 / 5
FILFIL
EUREUR
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