All Time High
Filecoin Nears End of Vesting
Filecoin, a decentralized storage network, is nearing the end of its six-year vesting period, which will remove approximately 68 million FIL tokens from annual releases. This reduction in annual releases from about 89 million FIL to 21 million FIL aligns with the current mining pace. Storage provider rewards continue to be a part of the network's operations. The vesting period is expected to conclude soon, marking a significant change in the token distribution strategy of the Filecoin ecosystem.