Market Cap
$0
Fully Diluted Valuation
$89,257.0
24 Hour Trading Vol
$1,032.6
Circulating Supply
0
Total Supply
3,144,704.0
Max Supply
3,144,704.0
Filecoin Standard Hashrate Token Price
$0.028
24h Range
$0.028 - $0.033
Percent Change 1h
-1.6%
Percent Change 24h
-12.45%
Percent Change 7d
-2.18%
All-time high
$0
All-time low
$0
1D
7D
1M
1Y
All
Filecoin Standard Hashrate Token (FILST) is a token that represents and facilitates the trading of hashrate on the Filecoin network. Launched in 2023, FILST aims to provide a standardized way for users to buy and sell storage and retrieval hashrate on the Filecoin decentralized storage network. By leveraging the unique properties of blockchain technology, FILST ensures transparency and security in transactions while allowing participants to optimize their storage needs in a more efficient manner. Each FILST token corresponds to a specific amount of hashrate, enabling users to easily calculate and trade their storage capabilities.
The Filecoin Standard Hashrate Token was developed by a collaborative team of engineers and developers within the broader Filecoin ecosystem. While it does not have a singular founder, it is closely associated with Protocol Labs, the organization behind Filecoin. Protocol Labs was co-founded by Juan Benet, who is a prominent figure in the decentralized storage space. The development of FILST was a team effort, bringing together experts from various fields, including blockchain technology, distributed systems, and economics, to enhance the functionality of Filecoin's storage network.
FILST operates on the principles of decentralized finance (DeFi) and is built upon the Filecoin blockchain. Users can acquire FILST tokens by purchasing hashrate from Filecoin miners. Each FILST token is a representation of a specific amount of storage capacity provided by these miners. When a user wants to store data on the Filecoin network, they can utilize FILST to pay for the hashrate they need. Miners, in turn, earn FILST by providing storage capacity to users. The FILST marketplace allows for dynamic pricing, where users can trade hashrate in real-time based on demand and supply. This system creates an efficient market for storage resources, enabling users to optimize their costs while ensuring that miners are fairly compensated for their services.
1. Trading Hashrate: FILST allows users to buy and sell hashrate, providing a flexible way to manage storage needs. This is particularly useful for enterprises that require scalable storage solutions.
2. Incentivizing Miners: By trading FILST, miners are incentivized to provide more storage, enhancing the overall capacity of the Filecoin network and promoting healthy competition among providers.
3. Data Storage Payments: Users can utilize FILST tokens to pay for data storage services, simplifying the payment process and integrating seamlessly with smart contracts.
4. Liquidity Provision: FILST can be used in liquidity pools within DeFi applications, allowing users to earn rewards while providing liquidity to the FILST market.
5. Speculation: Traders can speculate on the value of FILST tokens based on market trends, creating opportunities for profit in the growing decentralized storage sector.
To ensure the safety of your FILST tokens, follow these best practices:
1. Use Hardware Wallets: Store your FILST tokens in a hardware wallet to safeguard them from online threats. Hardware wallets provide an extra layer of security by keeping your private keys offline.
2. Enable Two-Factor Authentication (2FA): Always use 2FA for exchanges and wallets that support it. This adds an additional verification step when accessing your accounts.
3. Be Wary of Phishing Scams: Always double-check URLs and avoid clicking on suspicious links. Use trusted sources for any downloads or applications related to your FILST tokens.
4. Regularly Update Software: Keep your wallet software and devices updated to protect against vulnerabilities that could be exploited by hackers.
5. Backup Your Private Keys: Store backups of your private keys in secure locations, ensuring that you can recover your tokens if necessary.
6. Diversify Storage Solutions: Consider spreading your FILST tokens across multiple wallets to minimize risk in case one wallet is compromised.
Investing in Filecoin Standard Hashrate Token (FILST) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy Filecoin Standard Hashrate Token: Once your account is funded, you can purchase Filecoin Standard Hashrate Token directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Filecoin Standard Hashrate Token using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
Filecoin Standard Hashrate Token (FILST) is currently trading at $0.028 and exhibits good potential for future growth. Check the latest Filecoin Standard Hashrate Token (FILST) price prediction.
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