Convert and Swap Filecoin FIL to United Arab Emirates Dirham AED
FIL/AED: 1 Filecoin equals AED 17.97 AED
Last update: 7:49 AM, December 23, 2024
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Filecoin is falling this week.
The current price of Filecoin is AED 17.97 per FIL. With a circulating supply of 613,584,395 FIL, it means that Filecoin has a total market cap of AED 10,993,697,159.21. The amount of Filecoin traded has fallen by AED 337,266,876.50 in the last 24 hours, which is a 21.17% decrease. Additionally, in the last day, AED 1,593,125,822.59 worth of FIL has been traded.
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About Filecoin
Filecoin (FIL) is a cryptocurrency that powers the Filecoin network, a decentralized peer-to-peer file storage network that aims to let anyone store, retrieve, and host digital information. FIL tokens are used as payment for these services and as an economic incentive to ensure files are stored reliably over time.
Filecoin (FIL) is a decentralized storage system that seeks to "store humanity's most important information." It is an open protocol backed by a blockchain that records commitments made by the network's participants. The transactions are made using FIL, the blockchain's native currency. Filecoin is open-source and decentralized, meaning all governance is in the hands of the community. The platform allows developers to create cloud file storage services. Anyone can join Filecoin and start storing their data or earn by providing space for someone else's data. The Filecoin network uses the Proof-of-Replication (PoRep) and the Proof-of-Spacetime (PoSt) consensus mechanisms to ensure data integrity and security.
Filecoin operates with three main parties: clients, storage miners, and retrieval miners. Clients pay for storing or retrieving data. They place an order on the online storage market, where a deal is subsequently concluded with storage miners. Storage miners store the client’s data and receive rewards. All actions are recorded in the blockchain, and clients receive private keys. Retrieval miners extract data at a client's request. Clients place a trade on the off-chain Retrieval Market. Retrieval miners can also act as storage miners. The more storage miners offer, the higher the chances of getting rewarded. At any time, clients can check how their data is stored during a transaction, as proofs are fixed in the blockchain.
Filecoin aims to store data in a decentralized manner, making it easily retrievable and hard to censor. It allows people to be their own custodians of their data, making the web more accessible to people worldwide. Filecoin can be used for cloud storage, data exchange, time-stamping, and as a store of value. It can also be used for standard blockchain use cases like storage for distributed ledgers and applications, supply chains, and more. Filecoin tokens can be used as payment for goods and services and transferred between users. It also has potential use cases in smart contract storage, algorithmic storage market, and algorithmic CDN.
Filecoin was founded by Juan Benet, who also created the Interplanetary File System. Benet is an American computer scientist who studied at Stanford University. After founding Protocol Labs in May 2014, he intended to support both IPFS and Filecoin, as well as other projects. The project raised $205 million in an initial coin offering (ICO) in 2017, and initially planned a launch date for mid-2019. However, the launch date for the Filecoin mainnet was pushed back until block 148,888, which occurred in mid-October 2020. The project was first described back in 2014 as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network.
How Filecoin and United Arab Emirates Dirham differ
Filecoin (FIL) and the United Arab Emirates Dirham (AED) are two distinct forms of currency, each with unique characteristics. Filecoin is a decentralized storage system that aims to store important information in a secure and accessible manner. It operates on an open protocol backed by a blockchain, which records commitments made by network participants. The transactions are conducted using FIL, the blockchain's native currency. Filecoin's decentralized nature means that governance is in the hands of the community, and it allows developers to create cloud file storage services. On the other hand, the AED is the official currency of the United Arab Emirates, a traditional form of money regulated by the UAE Central Bank. Unlike Filecoin, the AED is centralized, meaning its supply and value are controlled by a single authority. It is used for all types of transactions within the UAE, from buying goods and services to paying taxes and salaries. While Filecoin uses the Proof-of-Replication (PoRep) and the Proof-of-Spacetime (PoSt) consensus mechanisms to ensure data integrity and security, the AED relies on the trust and stability of the UAE government and economy.
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FIL to United Arab Emirates Dirham conversion tables
The exchange rate of Filecoin is decreasing.
The current value of 1 FIL is AED 17.97 AED. In other words, to buy 5 Filecoin, it would cost you AED 89.86 AED. Inversely, AED 1.00 AED would allow you to trade for 0.0556 FIL while AED 50.00 AED would convert to 2.7821 FIL, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 27.17%. Meanwhile, in the last 24 hours, the rate has changed by 0.43%, and that the the highest exchange rate of 1 FIL to United Arab Emirates Dirham was AED 18.57 AED and the lowest 24 hour value was 1 FIL for AED 17.23 AED. This time last month, the value of 1 FIL was AED 18.74 AED, which is a 3.49% increase from where it is now. Looking back a year, Filecoin has changed by AED 20.75 AED. That means that in a single year, the value of Filecoin has shrank by 14.54%.
FIL to AED performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
AED 17.94 AED | -0.43% | AED 24.56 AED | -27.17% | AED 18.74 AED | -3.49% | AED 20.75 AED | -14.54% |
FIL to AED
Amount | Today at 7:49 am |
|---|---|
0.5 FIL | AED 8.99 |
1 FIL | AED 17.97 |
5 FIL | AED 89.86 |
10 FIL | AED 179.72 |
50 FIL | AED 898.59 |
100 FIL | AED 1,797.18 |
500 FIL | AED 8,985.90 |
1,000 FIL | AED 17,971.79 |
AED to FIL
Amount | Today at 7:49 am |
|---|---|
0.5 AED | 0.0278 FIL |
1 AED | 0.0556 FIL |
5 AED | 0.28 FIL |
10 AED | 0.56 FIL |
50 AED | 2.78 FIL |
100 AED | 5.56 FIL |
500 AED | 27.82 FIL |
1,000 AED | 55.64 FIL |
Today vs. 24 hours ago
Amount | Today at 7:49 am | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 FIL | AED 8.99 | AED 8.96 | +0.26% |
1 FIL | AED 17.97 | AED 17.93 | +0.26% |
5 FIL | AED 89.86 | AED 89.63 | +0.26% |
10 FIL | AED 179.72 | AED 179.26 | +0.26% |
50 FIL | AED 898.59 | AED 896.30 | +0.26% |
100 FIL | AED 1,797.18 | AED 1,792.60 | +0.26% |
500 FIL | AED 8,985.90 | AED 8,963.00 | +0.26% |
1,000 FIL | AED 17,971.79 | AED 17,926.00 | +0.26% |
Today vs. 1 month ago
Amount | Today at 7:49 am | 1 months ago | 1M Change |
|---|---|---|---|
0.5 FIL | AED 8.99 | AED 9.35 | -3.85% |
1 FIL | AED 17.97 | AED 18.69 | -3.85% |
5 FIL | AED 89.86 | AED 93.46 | -3.85% |
10 FIL | AED 179.72 | AED 186.92 | -3.85% |
50 FIL | AED 898.59 | AED 934.58 | -3.85% |
100 FIL | AED 1,797.18 | AED 1,869.17 | -3.85% |
500 FIL | AED 8,985.90 | AED 9,345.85 | -3.85% |
1,000 FIL | AED 17,971.79 | AED 18,691.69 | -3.85% |
Today vs. 1 year ago
Amount | Today at 7:49 am | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 FIL | AED 8.99 | AED 10.35 | -13.18% |
1 FIL | AED 17.97 | AED 20.70 | -13.18% |
5 FIL | AED 89.86 | AED 103.50 | -13.18% |
10 FIL | AED 179.72 | AED 206.99 | -13.18% |
50 FIL | AED 898.59 | AED 1,034.97 | -13.18% |
100 FIL | AED 1,797.18 | AED 2,069.93 | -13.18% |
500 FIL | AED 8,985.90 | AED 10,349.67 | -13.18% |
1,000 FIL | AED 17,971.79 | AED 20,699.34 | -13.18% |
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