Gate.io has finished the first release of FIL and commenced FIL trading. To provide our users with more historical data for reference in regards to FIL trading, we have made FIL6 historical chart data available in FIL trading’s candlesticks. Please note, the historical candlestick data is solely for the purpose of reference only, it should not be regarded as a basis for an investment decision.
According to IPFS Filecoin official, Filecoin mainnet is going to launch at Epoch 148888. Based on the current block time, the estimated date is around October 15th,14:45 UTC. Following the mainnet launch, Filecoin 6 month (IOU) (FIL6) will be unlocked linearly, at a rate of 0.55% per day, unlocked fully in 180 days (there is still a possibility that new proposals may make changes on the release scheme in the future).
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.
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.
Read more about Filecoin mainnet launch at:https://filecoin.io/blog/mainnet-ignition/
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Gate.io Team
October 16th, 2020
