Namaste Tribe! Filecoin (FIL) is listed on WazirX and you can buy, sell, trade FIL in our USDT market.
What about FIL Deposits & Withdrawals?
FIL is a part of our Rapid Listing Initiative. Hence, we will start FIL trading without enabling its deposits and withdrawals. What does it mean for you?
- Deposits — You won’t be able to deposit FIL from another wallet to WazirX
- Trading — You will be able to buy, sell, trade FIL in our USDT market. When you buy FIL, it will appear in your “Funds”
- Withdrawals — You won’t be able to withdraw FIL from your WazirX wallet. You can, however, sell it in the USDT market
Don’t worry, you’ll be able to deposit/withdraw FIL on WazirX very soon. Read more about the Rapid Listing Initiative here.
Filecoin is a decentralized storage system that aims to “store humanity’s most important information.” 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 is expected 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. Filecoin is open protocol and backed by a blockchain that records commitments made by the network’s participants, with transactions made using FIL, the blockchain’s native currency. The blockchain is based on both proof-of-replication and proof-of-spacetime.
- Trading price (past 24 hrs): $38.43 USD
- Global Market Cap (past 24 hrs): $825,540,287 USD
- Global Trading Volume (past 24 hrs): $328,015,892 USD
- Circulating Supply: 21,483,994 FIL
- Total Supply: 2,000,000,000 FIL
Happy Trading!Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.