Market Rank | ? |
---|---|
Market Cap | ? |
Volume 24h | $ 1.4M |
Circ. Supply | ? |
Total Supply | 13.8M |
Max Supply | ? |
The current price of Binance-Peg Filecoin (FIL) stands at $ 4.94.
Binance-Peg Filecoin (FIL) is a digital asset that represents Filecoin on the Binance Chain. Developed by Protocol Labs, Filecoin is a decentralized storage system that aims to provide its users with a market for storing and retrieving files. FIL token serves as an exchange of value within the Filecoin Network.
Binance-Peg Filecoin differentiates itself from other cryptocurrencies by offering a bridge between the main Filecoin blockchain and Binance's blockchain. This offers the benefit of a much more expansive ecosystem of DeFi (decentralized finance) applications, opening up opportunities for lending, borrowing, staking, and other such activities.
Filecoin Mining is the process in which miners provide storage space to the network in return for FIL tokens. This supply and demand system helps regulate the price of the Filecoin while increasing the capacity of the network.
Currently, there are Binance-Peg Filecoin tokens in circulation, out of a total supply of 13.8M.
Recently, the price of Binance-Peg Filecoin (FIL) has decreased by -1.40%. The volatility highlights the dynamic nature of cryptocurrency markets.
The best place to buy Binance-Peg Filecoin (FIL) securely is through the where it is listed currently.
Binance-Peg Filecoin (FIL) can be securely stored in a crypto wallet that supports Binance Chain assets. It is crucial to protect the private keys related to your ownership of such digital tokens. Relying on robust security measures like encryption, two-factor authentication, and secure backup options is paramount.
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