Filecoin Rises 14% as Six-Year Vesting Schedules Near End

Filecoin (FIL) climbed 14% to $1.27, a five-month high, as the final phase of six-year vesting schedules for Protocol Labs and the Filecoin Foundation approaches. FIL was trading near $1.24 after the move, while 24-hour trading volume reached $269 million, up 150%. The vesting schedules are expected to conclude around Oct. 15, six years after Filecoin mainnet launched. Filecoin’s token-economics documentation assigns 300 million FIL to Protocol Labs and 100 million FIL to the Filecoin Foundation, with both allocations vesting linearly over six years from mainnet launch.

Source: TokenPost