Filecoin Price (FIL)

Filecoin lets a customer arrange storage with a provider for a defined term. A deal can specify what data is stored, for how long and at what price. FIL is used for network fees, provider collateral and payments in the Filecoin economy.

Providers submit proofs that they have stored the data they committed to keeping. A storage proof does not tell you how quickly a file will download. For data you need often, ask how it can be retrieved and consider whether you need additional copies.

The FIL chart shows the market price of the network token. If you are budgeting for storage, compare the provider’s price for the data size and term you need, along with any retrieval costs.