The live price of Filecoin is L per (FIL / MDL) with a current market cap of L . 24-hour trading volume is $ MDL. FIL to USD price is updated in real-time. Filecoin is in the last 24 hours with a circulating supply of .
FIL tokens are used to reward people who participate in the Filecoin network. If you need decentralized storage, you pay FIL to the storage providers. You can check the live FIL price on EXMON.
Filecoin uses a unique consensus system with two mechanisms: proof-of-replication (PoRep) and proof-of-spacetime (PoSt). PoRep proves that a storage provider is actually storing your data correctly, while PoSt makes sure that data stays safe and accessible over time.
Filecoin was created by Protocol Labs, which was founded by Juan Benet, the creator of IPFS, in 2014. The Filecoin ICO in 2017 raised over $200 million in less than 30 minutes.
Filecoin has a dual minting system. Baseline minting is capped at 770 million FIL tokens. The remaining 330 million FIL tokens are released over a 30-year period through a six-year half-life.
Filecoin stands out by offering a decentralized file storage system, giving users an alternative to centralized hosting like AWS. Its creator, Juan Benet, also built IPFS, the most popular and reliable decentralized storage protocol out there.
You can buy Filecoin directly from EXMON using a debit or credit card. You can also trade it for other cryptocurrencies on EXMON. The live FIL price is updated in real-time on EXMON. For more details, check out the "How to Buy Filecoin (FIL)" guide.
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