Understand the issuance price and total issuance of FIL coins in one article

During its ICO in 2017, Filecoin's initial issuance price was set at $0.25 per FIL coin.

Oct 20, 2024 at 06:53 am

Understanding the Issuance Price and Total Supply of FIL Coins

1. Issuance Price of FIL Coins

The initial issuance price of FIL coins was set at $0.25 per coin during the Filecoin Initial Coin Offering (ICO) in 2017. This price was determined based on the then-current valuation of the Filecoin project and the target fundraising amount.

2. Total Issuance of FIL Coins

The total supply of FIL coins was initially capped at 2 billion, with 50% (1 billion FIL) released during the ICO and the remaining 50% reserved for future issuance. However, this cap was later raised to a maximum supply of 2.1 billion FIL in 2020 to accommodate changes in market conditions and project growth.

3. Current Distribution of FIL Coins

As of March 2023, the current distribution of FIL coins is approximately as follows:

Circulating supply: 693 million FIL (33%)
Staking rewards: 50%
Team and foundation reserves: 7%
Ecosystem development: 5%
Remaining ICO proceeds: 4%
Protocol Labs employees: 1%

4. Update on Token Issuance

In July 2022, Filecoin announced a change in its token issuance schedule. Beginning in August 2022, the annual issuance rate of FIL coins was reduced from 10% to 7.5%, and will gradually decrease to 2.5% by 2035. This is to ensure a more controlled and sustainable release of coins into the market.

5. Factors Affecting FIL Coin Price

The price of FIL coins is influenced by a range of factors, including:

Market demand: The supply and demand of FIL coins in the market.
Network performance: The growth and utilization of the Filecoin network, including its storage capacity and retrieval speed.
Developments within the Filecoin ecosystem: New features, partnerships, and use cases that drive adoption and demand.
External economic conditions: Market trends, interest rates, and macroeconomic factors that impact the overall cryptocurrency market.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

GIGA

$0.0155

49.30%

Trade Now
FAI

$0.0173

34.34%

Trade Now
0x0

$0.0804

25.49%

Trade Now
RED

$0.6061

24.77%

Trade Now
STMX

$0.0044

24.68%

Trade Now
SPX

$0.3426

21.21%

Trade Now

Latest Crypto News

Is DuragDoge (DURAG) Poised to Replace Pepe (PEPE) and Shiba Inu (SHIB) as the New Meme Coin King?
2025-03-13 02:27:09
Bitcoin (BTC) Flatlines as Inflation Eases
2025-03-13 02:27:09
Top 3 Cryptos to Buy Ahead of US $50T Debt Refinancing
2025-03-13 02:27:09
Flamingo Finance will host an AMA on Discord on March 25th at 14:00 UTC.
2025-03-13 02:27:09
Justin Sun, the Founder of Tron (TRX), Maintains Strong Confidence That TRX Will Achieve a New All-Time High (ATH)
2025-03-13 02:27:09
The Last Dwarfs ($TLD) Emerges as a High-Growth Opportunity, Outpacing ETH, SHIB, and BONK
2025-03-13 02:27:09

Related knowledge

What are the main functions of ERC-20 tokens?

Mar 13,2025 at 12:21am

Key Points:ERC-20 tokens are standardized tokens built on the Ethereum blockchain, enabling interoperability and ease of use.Their primary function is to represent fungible assets, meaning each token is interchangeable with any other of the same type.ERC-20 tokens facilitate various use cases, including fundraising (ICOs/IEOs), representing in-game asse...

What is the ERC-20 standard?

Mar 12,2025 at 06:30pm

Key Points:The ERC-20 standard is a technical specification for creating tokens on the Ethereum blockchain.It defines a common set of rules and functions that all ERC-20 tokens must adhere to.This standardization facilitates interoperability and ease of use for developers and users.Understanding ERC-20 is crucial for anyone involved in Ethereum-based to...

Is there a limit on the holding time of SOL in leveraged trading?

Mar 12,2025 at 08:40am

Key Points:There's no inherent time limit on holding SOL in leveraged trading imposed by the cryptocurrency itself.Holding times are dictated by the leveraged trading platform's terms and conditions, and risk management strategies.Liquidity requirements, funding rates, and margin calls significantly influence how long one can realistically hold a levera...

How to set stop profit and stop loss in SOL leveraged trading?

Mar 12,2025 at 01:50pm

Key Points:Understanding Leverage and Risk in SOL Trading: Leverage amplifies both profits and losses. Proper stop-loss and take-profit orders are crucial for risk management.Setting Stop-Loss Orders: A stop-loss order automatically sells your SOL position when the price drops to a predetermined level, limiting potential losses. Placement depends on you...

How is the forced liquidation price of SOL in leveraged trading calculated?

Mar 12,2025 at 12:40pm

Key Points:Forced liquidation in leveraged SOL trading occurs when the trader's position experiences a significant loss, falling below the maintenance margin requirement.The forced liquidation price depends on several factors: the leverage used, the entry price, the initial margin, and the exchange's liquidation parameters. There's no single formula; it...

What is the liquidation mechanism of SOL in leveraged trading?

Mar 12,2025 at 09:25pm

Key Points:Solana (SOL) leveraged trading involves borrowing funds to amplify potential profits, but also magnifies losses.Liquidation occurs when the value of your position falls below the maintenance margin, triggering the automatic sale of your assets to cover losses.The liquidation price depends on the leverage used, the initial margin, and the pric...