Filecoin (FIL)

7.33 %

Market Cap

The total market value of a cryptocurrency's circulating supply. It is analogous to the free-float capitalization in the stock market.

Market Cap = Current Price x Circulating Supply.

24 Hour Trading Vol

A measure of how much of a cryptocurrency was traded in the last 24 hours.

260057813>
Fully Diluted Valuation

The market cap if the max supply was in circulation.

Fully-diluted market cap (FDMC) = price x max supply. If max supply is null, FDMC = price x total supply. if max supply and total supply are infinite or not available, fully-diluted market cap shows - -.

11067698013>T
Circulating

The amount of coins that are circulating in the market and are in public hands. It is analogous to the flowing shares in the stock market.

377,790,687.00
Total Supply

The amount of coins that have been already created, minus any coins that have been burned. It is analogous to the outstanding shares in the stock market.

If this data has not been submitted by the project or verified by the CMC team, total supply shows - -.

1,965,831,130.00
Max Supply

The maximum amount of coins that will ever exist in the lifetime of the cryptocurrency. It is analogous to the fully diluted shares in the stock market.

If this data has not been submitted by the project or verified by the CMC team, max supply shows - -.

1,965,831,130.00
Low High
Week Month Year All Time
High

Jan 19 2023

4.272531179361
31.77%

Jan 15 2023

4.787437946654
17.60%

Mar 30 2022

26.414292377405
-78.69%

Apr 01 2021

-97.62%
Low

Jan 19 2023

4.272531179361
31.77%

Jan 04 2023

3.09635257433
81.83%

Dec 20 2022

2.807982629232
100.50%

Dec 17 2022

113.33%
For Detailed Research of Filecoin - Visit - Filecoin (FIL)

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Coin Info

Filecoin is a decentralised storage system that aims to "store humanity's most critical information." The project raised $205 million in an initial coin offering (ICO) in 2017 and planned to launch in mid-2019.  

The project was initially introduced as an incentive layer for the peer-to-peer storage network named IPFS back in 2014. Filecoin is an open system supported by a blockchain that records network members' commitments, with transactions conducted in FIL, the blockchain's native currency. Proof-of-replication and proof-of-spacetime both serve as the foundation for the blockchain.

Juan Benet, who also invented the Interplanetary File System, launched Filecoin. Benet is a computer scientist from the US who studied at Stanford University. After establishing Protocol Labs in May 2014, he attended Y Combinator in the summer of 2014, with the purpose to promote both IPFS and Filecoin, as well as other initiatives.

Filecoin intends to decentralise data storage. Unlike cloud storage providers such as Amazon Web Services and Cloudflare, which are prone to centralization issues, Filecoin uses its decentralised nature to safeguard the integrity of a data's location, making it easily discoverable and difficult to censor.

Decentralized storage systems, such as Filecoin, enable users to be their own custodians of their data while also making the internet more accessible to people all over the world. Filecoin encourages users to act honestly and keep as much data as possible since contributing in the network by mining and storing directly correlates to earning greater block rewards.

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