FIL/USD is a way of expressing the value of one FIL (Filecoin) traded against the USD (US Dollar). Other ways of expressing the pair with the same meaning include FIL-USD, FIL USD and FIL to USD. FIL is the trading symbol for Filecoin, the native cryptocurrency of the Filecoin protocol. Launched in 2020, Filecoin is a storage solution with a stated ambition to “store humanity’s most important information.” In a sense, Filecoin offers a competing vision to modern cloud storage and file sharing solutions, but it is a decentralized version of the services provided by the likes of AWS or Microsoft Azure, one that aims to put users in control of their data. FIL is the token that powers this storage service, used as payment for storage and as a financial incentive to ensure the data is stored securely and effectively. You can trade FIL for USD here at eToroX, using our sophisticated exchange as you convert FILS to USD with the help of FIL/USD calculators and live charts. eToroX gives you access to one of the world’s best cryptoasset investing and trading platforms where you can invest in dozens of cryptocurrencies, including Filecoin, Bitcoin, Ethereum, Litecoin and many more.
H2: Discover eToroX FIL to USD investing
eToroX is a professional crypto exchange powered by the expertise and experience of eToro, a pioneer of fintech and online trading and investing. Launched in 2019, eToroX was designed with serious cryptocurrency traders in mind, giving them access to industry-leading resources, a huge range of cryptoassets, generous credit lines and low fees. eToroX is a fully regulated crypto exchange platform, which is licensed by the GFSC (Gibraltar Financial Services Commission). Traders get round the clock access to a wide range of cryptoassets, including popular altcoins, stablecoins, big hitters and younger, smaller, and niche crypto, too. If you want to start trading FIL to USD, there is no better place to start than here at eToroX.
The idea of Filecoin was first described back in 2014 by Juan Benet, a computer programmer who had a vision of seeing a global network of computer operators providing a file sharing and storage service. Filecoin is, in essence, a decentralized alternative to cloud computing and storage services. So, instead of paying for a centralized service like AWS or Dropbox, users pool their computing resources to create a decentralized storage network. Those who offer storage solutions, called miners, are offered FIL as a reward for their services. There are other types of Filecoin miners who will be rewarded for retrieving information and for speeding up the transmission of data. Supporters of the Filecoin project believe they can create the fastest and cheapest way to store data on the internet, and they believe they can fully disrupt the multi-billion-dollar storage industry dominated by the mammoth, centralized Big Tech companies.
Investors are attracted to FIL for numerous reasons, not least due to the real-world economics of online storage solutions. Services like AWS and Dropbox take in billions of dollars in revenue each year, so it’s understandable that some investors and crypto enthusiasts might be keen to back a project that claims to be able to disrupt that industry. As for the FIL token, it has been buoyed by that enthusiasm. In the spring of 2021, FIL had an ATH (all-time high) of over $237, which was recorded on 1 April 2021. While FIL fell back from that ATH significantly in the latter part of 2021 and early 2022, it remains well supported. For instance, I FIL to USD on 27 March 2022 was trading at just under $20. FIL has a max supply of around 2 billion tokens, but the current circulating supply is just over 182 million, meaning less than 10% of FIL’s max supply has been mined. As with most cryptocurrencies, FIL has seen its share of highs and lows in a volatile market, but many investors believe in the huge potential of the Filecoin project. Ready to trade FIL/USD? You can start investing in FIL-USD on eToroX, one of the world’s most secure and trusted cryptocurrency exchanges.
For the best FIL to USD investing and trading, eToroX offers our innovative product suite that is powered by a team of cryptocurrency trading experts who have come together to provide an industry-leading trading platform for professionals. On eToroX, you will have access to specialized cryptocurrency investment tools, available leverage, ultra-low fees, plus the insight and analysis from the best minds in the crypto-trading sphere. Take advantage of our dedication to robust security and safety, transparency and liquidity as well as advanced features such as our unique CaaS technology and our inverted Maker-Taker fee model. Whether you want to trade FIL/USD on eToroX now or discover FIL to USD charts, prices, news and up-to-the-minute analysis, visit the exchange.