Filecoin (FIL)
Unlock Schedule
Filecoin (FIL) Token Unlock & Vesting Schedule
The chart shows gross modeled releases of every allocation: vesting unlocks, new issuance and reserve distributions, each allocation counted once. These have different meanings; a scheduled release is not evidence that tokens entered circulation or were sold. Review the coverage, sources and assumptions below.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
What FIL does
FIL is the network’s native payment unit. Clients can use it to pay for storage services, and providers can receive it for their work. FIL also pays for blockchain operations. Storage providers commit FIL as collateral when taking on obligations; network penalties can apply when they fail to maintain committed storage. These uses connect the token to activity on the network. (docs.filecoin.io)
Filecoin’s protocol sets a maximum creation amount of two billion FIL. Its original allocation assigned 70% to mining rewards, 15% to Protocol Labs, 10% to fundraising and related ecosystem purposes, and 5% to the Filecoin Foundation. The mining allocation includes rewards distributed through different mechanisms over time, rather than a release of all tokens at once. (spec.filecoin.io)
The amount of FIL available for use changes as rewards are issued, tokens are locked as collateral, and some network fees are burned. Burning permanently removes the base-fee portion of a transaction fee. A separate priority fee goes to the block producer. These rules help explain why the protocol’s maximum creation amount is different from the amount available to spend at any given time. (filecoin.io)
Assumptions
Filecoin has a 2-billion-FIL ceiling, with prefunded ledger balances distinct from tokens becoming available to investors, miners or grant recipients. Investor vesting lasts six months to three years, while Protocol Labs and Foundation vesting lasts six years from the October 2020 launch; storage rewards combine an open-ended time-based target with network-dependent awards and subsequent vesting. Reserve deployment, parts of the bootstrap programs, collateral returns and several grant payments still lack complete dated records. The chart can show documented vesting and explicitly estimated reward targets and annual spending, but it must keep ledger funding, spendability and transfers separate rather than present them as one fully observed circulation history.
- Fundraising remainder and ecosystem development — 2.5% of maximum supply: The sources give the amount but no release dates.
- Storage mining rewards and network initialization — 55% of maximum supply: Timing not yet established.
- Storage mining rewards and network initialization — 55% of maximum supply: New issuance depends on network activity, such as staking, so it cannot be dated in advance.
- Mining reserve — 15% of maximum supply: Releases depend on future governance or treasury decisions.
- Space Race 1 storage-capacity prize budget — up to 0.2% of maximum supply: Releases depend on recipients claiming tokens or on grants being awarded.
- Space Race 1 top block-reward winner prizes — 0.005% of maximum supply: Releases depend on recipients claiming tokens or on grants being awarded.
- Space Race 2 Orbital Burn migrated collateral rewards — percentage unknown: Releases depend on recipients claiming tokens or on grants being awarded.
- Network initialization faucets and miner reimbursements — percentage unknown: The sources give the amount but no release dates.
- Orbital Burn one-time active-miner bonus — percentage unknown: Timing not yet established.
- Slingshot Phase 2 reward budget — at least 0.025% of maximum supply: The original schedule was changed and the new timing is not yet published.
- Foundation FY2024–FY2025 reported FIL spending — 0.29202955% of maximum supply: Releases depend on future governance or treasury decisions.
- FIL-RetroPGF Round 1 — at least 0.01% of maximum supply: The sources give the amount but no release dates.
- FIL-RetroPGF Round 2 announced budget — 0.015% of maximum supply: The sources give the amount but no release dates.
- FIL-RetroPGF Round 2 announced budget — 0.015% of maximum supply: Timing not yet established.
- FIL-RetroPGF Round 3 announced budget — 0.02925% of maximum supply: The sources give the amount but no release dates.
- FIL-RetroPGF Round 3 announced budget — 0.02925% of maximum supply: Timing not yet established.
- Protocol priority-fee payments to block producers — no fixed budget or percentage: Timing not yet established.
- Ordinary storage and deal collateral returns — no fixed budget or percentage: Timing not yet established.
- Protocol storage-deal payments — no fixed budget or percentage: Timing not yet established.
- 1. https://spec.filecoin.io/systems/filecoin_token/token_allocation/
- 2. https://spec.filecoin.io/systems/filecoin_token/block_reward_minting/
- 3. https://www.filecoin.io/blog/understanding-filecoin-circulating-supply
- 4. https://lotus.filecoin.io/lotus/get-started/networks/
- 5. https://www.filecoin.io/2020-engineering-filecoins-economy-en.pdf
- 6. https://pkg.go.dev/github.com/filecoin-project/go-state-types/builtin/v17/reward
- 7. https://www.filecoin.io/blog/filecoin-liftoff-week-ama
- 8. https://www.filecoin.io/blog/miner-s-guide-to-liftoff
- 9. https://www.filecoin.io/blog/welcome-to-the-space-race
- 10. https://www.filecoin.io/blog/space-race-ama-4-summary
- 11. https://www.filecoin.io/blog/introducing-slingshot-phase-2
- 12. https://github.com/filecoin-project/FIPs/blob/master/FIPS/fip-0100.md
- 13. https://github.com/filecoin-project/FIPs/blob/master/FIPS/fip-0118.md
- 14. https://github.com/filecoin-project/lotus/releases
- 15. https://filfox.info/en
- 16. https://filfox.info/en/
- 17. https://filfox.info/en/address/f099
- 18. https://filfox.info/en/address/f02
- 19. https://fil.org/blog/filecoin-foundation-2024-annual-report
- 20. https://fil.org/blog/2025-annual-report
- 21. https://www.filecoin.io/blog/announcing-fil-retropgf-2-continuing-to-fund-filecoin-public-goods
- 22. https://www.filecoin.io/blog/filecoin-retropgf-round-3-powering-proven-impact-with-585k-fil
- 23. https://github.com/filecoin-project/FIPs/blob/master/FIPS/fip-0004.md
- 24. https://www.filecoin.io/blog/slingshot-phase-1-recap
- 25. https://github.com/filecoin-project/community/discussions/407
- 26. https://www.filecoin.io/blog/announcing-space-race-2
- 27. https://www.filecoin.io/blog/your-guide-to-fil-retropgf-2
- 28. https://www.filecoin.io/blog/amplify-the-impact-fil-retropgf-2-with-drips
- 29. https://www.filecoin.io/blog/filecoin-news-97
- 30. https://github.com/filecoin-project/FIPs/discussions/1238
Allocations
Parts of this allocation with their own release dates are charted as their own allocations; the chart shows the rest here.
Not yet scheduled: 1,164,916,966 tokens of its parts have no release date yet. The chart shows them as TBD from today, not as unlocked.
Description
#82
Filecoin is a cryptocurrency that enables users to rent out their hard drive space or pay for cloud storage services on a decentralized network. It is based on an open-source protocol and uses a blockchain to record transactions and commitments.
| Sector: | Storage |
| Blockchain: | Other L1 |