Filecoin, think it as the Dropbox of blockchain, announced its mainnet launch on October 15. The investors who participated in the $257 million Filecoin ICO three years back are now sitting at the edge of their seats to see how it performs. According to the official announcement, the mainnet went live at the block height of 148,888. So far, the network is stable, but FIL, the native token, is riding a wild wave.
Interestingly, even before the Filecoin mainnet went live, leading exchanges like Gemini and Kraken announced their trading support. At the time of press, Kraken supports four FIL trading pairs and Gemini is supporting FIL deposits and withdrawals. While Gemini initially pegged FIL at $29, it also plans to support the custody of FIL in the near future.
Huobi, one of the leading exchanges, quickly followed the footsteps of Gemini and Kraken. However, it opened the FIL trading at $50. Huobi also launched its FIL/USDT margin trading.
Market ⬇️ @Filecoin
— Huobi (@HuobiGlobal) October 16, 2020
Coingecko data shows that FIL reached an all-time high of $208.95 on October 15 and at the time of press, FIL is trading at $63.42.
Filecoin – Beyond the price speculation
Filecoin is a