Filecoin is an ambitious startup aimed at reducing reliance on centralized cloud storage. Essentially, it is a storage pool that allows anyone to rent out space on their hard drive for a fee. Filecoin cryptocurrency makes it possible for anyone in the world to purchase the network storage space they need.

Unlike cloud storage — such as Cloudflare or AWS, where the parent companies can control the stored information and act as an intermediary, Filecoin uses a decentralized architecture, giving users back the control over their data, protecting its integrity, as well as making it easier to extract and harder to censor.

The Filecoin ecosystem, along with the corresponding blockchain, uses its own FIL token, which is used as a payment method for services within the platform. Unlike good old mining, where each network member spends energy while computing, FIL mining is the provision of space on one's computer to allocate to users looking to house their data.

There are two types of mining in the Filecoin network: storage and extraction.

With storage, users earn FIL by storing data for clients and calculating crypto keys to verify data integrity over time, ensuring that the data has not been altered by the miner.

Users who need a safe space usually connect to the Filecoin blockchain through one of the applications such as Slate, ChainSafe Files, and Space Storage. Then, based on the desired storage fee and data transfer rate, they select miners in the Storage Market.

The US dollar is one of the main currencies in the world. USD continues to dominate as the global reserve currency: 63.9% of all foreign exchange reserves are kept in dollars. Its value mostly depends on central bank monetary policy, economic health, and global issues. Those indirectly influence FIL/USD.

Filecoin network’s developments also greatly influence the value of FIL to USD. In April 2021, the Filecoin team announced that Wikipedia, OpenStreetMap, gnomAD, Project Gutenberg, and OpenAQ are users of the network's services. This raised the price by 40% in one day.

Risk warning: Trading in FX and CFDs entails high risk of losing capital.

Are you interested in buying Filecoin to US dollar (FILUSD)? It’s easy!

SellBuyActive SellActive Buy
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Sell0.91000
Buy0.92000
Sentiment
100% ▾
1-day change0.08(9.64%)

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The rate of FILUSD currency pair for today is $0.92000. The highest cost of FILUSD for today was $0.9400, the lowest rate was $0.9100. The opening price: $N/A. The quotes chart of FILUSD currency pair in real time is presented below.

Price chart of FILUSD in real time mode

Available in trading accounts:
  • ECN
  • CLASSIC
Prev. CloseN/A
Day's Range0.9100 - 0.9400
OpeningN/A
52 wk Range0.32-11.82
VolumeN/A
Average VolumeN/A
Spread0.1
Swap Long-25
Contract size100
Swap Short-25
Stop&Limit Level0
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ADAUSD0.24830.2483-0.0009 -0.36%
ALGUSD0.10630.10630.0046 4.52%
ALIUSD0.1470.1470.03 27.27%
ANTUSD0.93620.9362N/A N/A
APTUSDN/AN/A0.09 10.00%
ARBUSDN/AN/A0.0285 30.06%
ARUSD1.961.960.2 11.49%
ATOUSD1.89601.89600.21 12.50%
AUSDN/AN/A0.0095 12.09%
AVXUSD9.109.10-0.03 -0.33%
AXSUSD1.381.380.24 21.05%
BCHUSD450.60450.60-3.8 -0.84%
BNBUSDN/AN/A-1.27 -0.21%
BTCUSD78,264.078,264.010109.58 14.83%
CHZUSD0.04130.0413-0.0003 -0.72%
COMUSD23.6523.656.9 41.32%
DATUSD0.0007150.000715N/A N/A
DGBUSD0.0037090.003709N/A N/A
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DOTUSD1.2051.205-0.05 -4.00%
DSHUSD36.9836.984.9 15.36%
ENJUSD0.0700.0700.035 175.00%
ETHBTC0.0293300.029330-0.00214 -6.78%
ETHUSD2,305.342,305.34160.96 7.51%
FILUSD0.920.920.08 9.64%
GLMUSD0.01720.0172N/A N/A
GRTUSD0.024320.02432-0.0001 -0.41%
HBARUSDN/AN/A-0.0019 -2.12%
ICPUSD2.332.330.05 2.19%
ILVUSD4.74.7N/A N/A
IMXUSD0.0001230.0001230.027 19.24%
INJUSD3.7063.7060.82 28.47%
ITAUSD0.054450.05445N/A N/A
JASMYUSDN/AN/A0.00021 3.90%
KAVUSD0.06290.06290.011 21.15%
LNKUSD9.119.110.1 1.11%
LTCBTC0.0007100.000710-9.0E-5 -11.39%
LTCUSD55.6855.681.55 2.86%
MNAUSD0.08940.08940.0012 1.36%
MSKUSDN/AN/A0.094 22.60%
NEAUSD1.29301.29300.093 7.76%
NEOUSD2.75702.7570-0.04 -1.43%
NOTUSD0.0003820.0003823.0E-5 8.57%
NULUSD0.0001210.000121N/A N/A
OMGUSD0.061920.06192N/A N/A
OPUSD0.0004050.0004050.009 8.11%
POLUSD0.09610.09610.004 4.35%
QTMUSD0.8710.871-0.071 -7.54%
REFUSD0.0000730.000073N/A N/A
SIAUSD0.0009180.000918N/A N/A
SKYUSD0.01880.01880.00445 5.82%
SNDUSD0.07110.0711-0.0062 -8.01%
SOLUSD83.58083.5801.08 1.31%
STRUSD0.09540.09540.0016 1.71%
STXUSD0.22250.2225-0.002 -0.89%
SUIUSD0.91870.91870.0282 3.17%
SUSDN/AN/A-0.0016 -3.52%
TAOUSD271.07271.07-39.9 -12.83%
THTUSDN/AN/A0.053 34.64%
TLMUSD0.00180.0018N/A N/A
TRXUSD0.3273000.3273000.0115 3.64%
UNIUSD3.20003.2000-0.42 -11.60%
VETUSD0.0071630.0071630.00023 3.32%
WAVUSD0.41870.4187N/A N/A
WIFUSDN/AN/A0.004 2.19%
XLMUSD0.159500.15950-0.0116 -6.78%
XMRBTC0.0049160.004916N/A N/A
XMRUSD383.976383.976N/A N/A
XRPUSD1.38511.38510.0308 2.27%
XTZUSD0.36590.36590.0123 3.48%
YFIUSD2,627.002,627.00162 6.58%
YGGUSD0.0410.0410.005 14.29%
ZECBTC0.0048920.0048920.00118 31.81%
ZECUSD383.77383.77129.88 51.22%
ZILUSD0.0040000.0040009.0E-5 2.33%

Interesting facts about the FILUSD (Filecoin to US dollar)

The development of the Filecoin project began back in 2014. In the fall of 2017, the project raised $257 million through an ICO, which became one of the largest ICOs in the history of the crypto market.

Filecoin is developed by Protocol Labs, which aims to develop technologies for the next generation of Web 3.0 decentralized Internet. Protocol Labs also owns the development of protocols IPFS and libp2p. Large investors have invested in this company: Digital Currency Group (parent company of CoinDesk), Naval Ravikant, Union Square Ventures, Winklevoss Capital, and Y Combinator.

Initially, the launch of the Filecoin mainnet was scheduled for early 2019, but due to the complex development, it was postponed several times. Nevertheless, the Filecoin mainnet was finally launched on October 15, 2020, causing a stir among representatives of the cryptocurrency community - more than $200 million was invested in the project in half an hour. At the same time, the project coin was immediately added to the listing of major cryptocurrency exchanges, such as Huobi, OKEx, and Binance. The starting price of FIL to USD was $26.83.

Why is Filecoin so attractive for investors? In November 2020, Filecoin partnered with Anchorage, Tokensoft, and CMS Holdings to launch the Wrapped Filecoin token (wFIL), which migrates FIL to the Ethereum blockchain. This gave Filecoin access to the huge liquidity of the DeFi sector.

More than 80% of Filecoin mining is concentrated in China, where the largest Chinese companies are engaged in the maintenance of network performance. The Chinese consortium IPFS Union, which includes such companies as Microsoft, Alibaba, Huawei, Giant Network, and AMD, plans to build a FIL mining facility in China. About $1.3 billion has already been invested in this project.

Filecoin shows excellent growth and causes interest in FIL tokens trading, which is available 24/7. To catch the best FIL/USD rate, check the liquidity of the US dollar during the American session, which lasts from 15:00 to 24:00 (GMT+3, indicated in LiteFinance trading platform).

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