Convert and Swap Filecoin FIL to Philippine Peso PHP
FIL/PHP: 1 Filecoin equals ₱289.59 PHP
Last update: 11:05 AM, December 23, 2024
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Filecoin is falling this week.
The current price of Filecoin is ₱289.59 per FIL. With a circulating supply of 613,606,618 FIL, it means that Filecoin has a total market cap of ₱178,227,718,829.08. The amount of Filecoin traded has fallen by ₱5,466,290,266.98 in the last 24 hours, which is a 21.93% decrease. Additionally, in the last day, ₱24,931,359,190.92 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 Philippine Peso differ
Filecoin (FIL) and the Philippine Peso (PHP) are two distinct forms of value exchange, each with its unique characteristics. Filecoin is a decentralized storage system that aims to store important information in a secure and accessible manner. It operates on a blockchain, using its native currency, FIL, for transactions. The system is open-source and community-governed, allowing anyone to join and either store data or earn by providing storage space. It uses Proof-of-Replication and Proof-of-Spacetime consensus mechanisms to ensure data integrity and security. On the other hand, the Philippine Peso is a traditional form of currency, regulated by the Central Bank of the Philippines. It is used for everyday transactions within the Philippines and does not operate on a blockchain. Unlike Filecoin, the Philippine Peso does not have a decentralized storage function and is not open-source. The value of the Peso is influenced by economic factors such as inflation, interest rates, and the country's economic performance, while Filecoin's value is determined by the supply and demand dynamics within its network.
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FIL to Philippine Peso conversion tables
The exchange rate of Filecoin is decreasing.
The current value of 1 FIL is ₱289.59 PHP. In other words, to buy 5 Filecoin, it would cost you ₱1,447.93 PHP. Inversely, ₱1.00 PHP would allow you to trade for 0.0035 FIL while ₱50.00 PHP would convert to 0.1727 FIL, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 24.66%. Meanwhile, in the last 24 hours, the rate has changed by 1.37%, and that the the highest exchange rate of 1 FIL to Philippine Peso was ₱295.76 PHP and the lowest 24 hour value was 1 FIL for ₱275.90 PHP. This time last month, the value of 1 FIL was ₱307.41 PHP, which is a 5.16% increase from where it is now. Looking back a year, Filecoin has changed by ₱313.02 PHP. That means that in a single year, the value of Filecoin has shrank by 14.54%.
FIL to PHP performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
₱294.19 PHP | -1.37% | ₱386.89 PHP | -24.66% | ₱307.41 PHP | -5.16% | ₱313.02 PHP | -14.54% |
FIL to PHP
Amount | Today at 11:05 am |
|---|---|
0.5 FIL | ₱144.79 |
1 FIL | ₱289.59 |
5 FIL | ₱1,447.93 |
10 FIL | ₱2,895.86 |
50 FIL | ₱14,479.32 |
100 FIL | ₱28,958.64 |
500 FIL | ₱144,793.20 |
1,000 FIL | ₱289,586.40 |
PHP to FIL
Amount | Today at 11:05 am |
|---|---|
0.5 PHP | 0.0017 FIL |
1 PHP | 0.0035 FIL |
5 PHP | 0.0173 FIL |
10 PHP | 0.0345 FIL |
50 PHP | 0.17 FIL |
100 PHP | 0.35 FIL |
500 PHP | 1.73 FIL |
1,000 PHP | 3.45 FIL |
Today vs. 24 hours ago
Amount | Today at 11:05 am | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 FIL | ₱144.79 | ₱146.09 | -0.89% |
1 FIL | ₱289.59 | ₱292.19 | -0.89% |
5 FIL | ₱1,447.93 | ₱1,460.93 | -0.89% |
10 FIL | ₱2,895.86 | ₱2,921.86 | -0.89% |
50 FIL | ₱14,479.32 | ₱14,609.28 | -0.89% |
100 FIL | ₱28,958.64 | ₱29,218.55 | -0.89% |
500 FIL | ₱144,793.20 | ₱146,092.77 | -0.89% |
1,000 FIL | ₱289,586.40 | ₱292,185.55 | -0.89% |
Today vs. 1 month ago
Amount | Today at 11:05 am | 1 months ago | 1M Change |
|---|---|---|---|
0.5 FIL | ₱144.79 | ₱152.30 | -4.93% |
1 FIL | ₱289.59 | ₱304.60 | -4.93% |
5 FIL | ₱1,447.93 | ₱1,522.99 | -4.93% |
10 FIL | ₱2,895.86 | ₱3,045.97 | -4.93% |
50 FIL | ₱14,479.32 | ₱15,229.86 | -4.93% |
100 FIL | ₱28,958.64 | ₱30,459.72 | -4.93% |
500 FIL | ₱144,793.20 | ₱152,298.61 | -4.93% |
1,000 FIL | ₱289,586.40 | ₱304,597.23 | -4.93% |
Today vs. 1 year ago
Amount | Today at 11:05 am | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 FIL | ₱144.79 | ₱165.00 | -12.25% |
1 FIL | ₱289.59 | ₱330.00 | -12.25% |
5 FIL | ₱1,447.93 | ₱1,650.02 | -12.25% |
10 FIL | ₱2,895.86 | ₱3,300.05 | -12.25% |
50 FIL | ₱14,479.32 | ₱16,500.23 | -12.25% |
100 FIL | ₱28,958.64 | ₱33,000.47 | -12.25% |
500 FIL | ₱144,793.20 | ₱165,002.33 | -12.25% |
1,000 FIL | ₱289,586.40 | ₱330,004.67 | -12.25% |
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