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
February 23, 2021
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