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Filecoin Approaches End of Six-Year Token Vesting Schedule

(5 hours ago) · 1 source · Summarized by CryptoBipto

Filecoin is nearing the conclusion of its six-year vesting period, which has been releasing tokens to early investors and contributors since the project launched. The end of this vesting schedule is expected to remove approximately 68 million FIL from annual token releases.

WHY IT MATTERS

When a crypto project launches, it often locks up a portion of its tokens and releases them gradually over time — this is called "vesting." Think of it like a trust fund that pays out in installments rather than all at once. Filecoin has been doing this for six years, releasing about 68 million FIL tokens annually to early investors and project contributors. As this vesting period ends, that stream of new tokens entering circulation stops. For anyone learning about crypto, this is a good example of how "tokenomics" — the rules governing a token's supply — are designed at a project's inception and can have long-term effects on how many tokens are available in the market.

Filecoin, a decentralized storage network, conducted its initial coin offering (ICO) in 2017 and launched its mainnet in October 2020. As part of its tokenomics design, a significant portion of FIL tokens were allocated to early investors, the Filecoin Foundation, and Protocol Labs, the company behind the project.

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  • thedefiant.io

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