Introduction
Filecoin is a decentralized network designed to store humanity's most critical information. Its native token FIL facilitates storage, retrieval, and data transmission services. The mainnet launched when block height reached 148,888, with an estimated activation date around October 15th.
Token Distribution
Key allocation details of FIL's 2 billion total supply:
- 70% Mining Rewards (Halving every 6 years)
- 15% Protocol Labs (Released linearly over 6 years post-launch)
- 10% Fundraising (Private/public sales, unlocked over 6-36 months)
- 5% Filecoin Foundation (Ecosystem development, 6-year vesting)
![Token distribution visualization would appear here]
Circulating Supply Post-Launch
Projected daily FIL circulation (excluding team allocations):
| Timeframe | Circulating FIL |
|---|---|
| Day 1 | 239,000 |
| Day 10 | 2.255 million |
| Day 30 | 7.014 million |
| Year 1 | ~108 million |
Investment Breakdown
Private Sale (2017)
- Participants: 143
- Average holdings: 638,000 FIL
- Average cost: $0.57 per FIL
Public Sale
- Participants: 2,318
- Average holdings: 25,700 FIL
- Cost range: $1.30-$6.10 (Avg: $2.58)
Notable investors included Y Combinator, Sequoia Capital, and Coinbase co-founders, raising $257 million total.
FIL Utility Value
Core use cases:
- Storage/Retrieval Fees: Payment for decentralized file services
- Miner Collateral: Required for network participation
- Network Advantages: Enhanced privacy, faster transfers vs traditional cloud storage
Supply-Demand Dynamics
Demand Drivers
- Genuine storage/retrieval needs
- Miner collateral requirements
- Speculative trading activity
Selling Pressure Sources
- Investor unlocks (starting 6 months post-launch)
- Miner profit-taking
- Short-term trader liquidation
👉 Discover real-time FIL price trends
Understanding FIL6 Futures
FIL6 represents a 6-month IOU derivative:
- Converted to FIL incrementally post-mainnet launch
- Allows early market exposure before full token availability
Alternative Storage Projects
Major decentralized storage alternatives include:
- Arweave (AR)
- Bluzelle (BLZ)
- Storj (STORJ)
- Lambda (LAMB)
👉 Compare storage project performance
FAQ Section
Q: When did Filecoin's mainnet actually launch?
A: The network activated on October 15, 2020 when block height reached 148,888.
Q: What's the difference between FIL and FIL6?
A: FIL is the native token, while FIL6 is a futures contract that converts to FIL over 6 months post-launch.
Q: How does Filecoin compare to traditional cloud storage?
A: It offers decentralized architecture, enhanced privacy controls, and often faster retrieval speeds for frequently accessed data.
Q: What percentage of FIL is allocated to miners?
A: 70% of total supply is reserved for mining rewards across decades-long emission schedule.
Q: Where can I track FIL's circulating supply?
A: Blockchain explorers like Filscan.io provide real-time supply metrics.
Q: Are there ETFs for decentralized storage projects?
A: Some platforms offer index products bundling multiple storage tokens.
Note: All investment data reflects historical conditions as of the mainnet launch period. Always conduct current market research before trading.
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