Filecoin Launch Finally Brings $200M ICO to Fruition

It should be noted the tokens distributed today will basically all be subject to a vesting schedule, so only a very small portion of the total supply of 2 billion FIL in the Filecoin system would count as circulating. Despite multiple delays, the Filecoin project has attracted considerable attention, particularly in China where investors have been speculating heavily on the network’s mining hardware and the FIL token.

The launch of Filecoin is itself a milestone for CoinList, a company that was spun out from Naval Ravikant’s AngelList to manage the gigantic token sale for Filecoin, closing in September 2017. Ecosystem CoinList is playing a key role in the distribution of FIL tokens today, managing 55% of the distribution, for all the ICO participants who did not indicate a self-custody or external solution for the distribution, Keto explained.

Timeline of Filecoin