Today’s FIL6 For FIL Swap Completed, 13K FIL In Total Released
Gate.io
has finished today’s FIL release based on users’ FIL6 tokens
holding. About 13K FIL in total has been released. You can view how
many FIL you’ve received at My Billing Details page.
Following
the FIL mainnet launch, a portion of FIL6 will be unlocked every day.
Gate.io will swap about 0.55% of FIL6 for FIL on a daily basis
according to the FIL release scheme (we will increase the release
rate according to onchain release conditions). During the time of
swap, if a user’s FIL6 available balance is insufficient, swap of
that day will be skipped.
Gate.io has enabled Filecoin （FIL） spot
trading, margin trading, perpetual contract trading, deposit and
withdrawal. We have also added support for FIL leveraged
ETFs.
Deposit FIL at: https://www.gate.io/myaccount/deposit/FIL
Sport trade FIL: https://www.gate.io/trade/FIL_USDT
Perpetual
contract trading:https://www.gate.io/futures_trade/USDT/FIL_USDT
FIL
margin lending: https://www.gate.io/margin/lend/FIL
Risk
Warning Regarding the Overall FIL Mainnet Release
FIL
mainnet tokens entering circulation are mainly from unlocked tokens
allocated to the FIL team and early investors, as well as miners’
rewards. According to the current release schedule, 50 million FIL
will be released over the course of 3 months, and over 0.1 billion to
be released over 6 months (the numbers stated are based on our
estimations, which may vary from the actual release). At its early
stage, FIL circulating supply will be limited but will quickly
increase. The limited supply and high demand may drive the price too
high and the increasing supply later may pose increasing pressure on
the market price.
Furthermore, there are currently
several FIP proposals being discussed, e.g. FIP003, proposing to
increase the initial release ratio for miner's’ rewards. The
proposal is still under discussion and has not been approved yet.
However, proposals can impact circulation and affect FIL’s price.
Please keep an eye on such changes. Learn more about Filecoin
proposals at
https://github.com/filecoin-project/FIPs/tree/master/FIPS
About
IPFS 6-month (IOU) on Gate.io
The FIL 6month
(IOU) tokens, FIL6, traded on Gate.io were transferred in by willing
users of Renrenico in 2017, which has the shortest vesting period
among all the FIL tokens publicly offered to investors by IPFS. The
current circulating supply at Gate.io is 2.4 million tokens. Since
2017, Gate.io has been supporting FIL trading for 3 years. It is now
the largest FIL exchange in the world. We hereby make it clear that
Gate.io has never had any partnership with any mining
services.
According to IPFS Filecoin official,
Filecoin mainnet is going to launch at block Epoch 148888, around
October 15th, 2020. When the mainnet goes live, the public offered
FIL token will be released linearly, per blockchain block, and
according to the vesting period. For example, FIL (IOU) at Gate.io
will be released at a rate of 0.55% per day after the mainnet
launches, and fully released in 180 days. FIL (IOU) at GATE.IO is the
FIL token for investors with the shortest vesting period.
Gate.io
is an established exchange that holds integrity, transparency, and
fairness to a very high standard. We charge zero listing fees and
only choose quality and promising projects. Our exchange consists
only of 100% real trading volume. Thanks to everyone who has joined
us in our journey. We always intend to improve and innovate to reward
our users for their continuous support.
Gate.io
Team
October 20th, 2020
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