Filecoin FIL: Listing on Gate.io

According to IPFS Filecoin official, Filecoin mainnet is going to launch at Epoch 148888. Based on the current block time, the estimated date is around October 15th,14:45 UTC. Following the mainnet launch, Filecoin 6 month (IOU) (FIL6) will be unlocked linearly, at a rate of 0.55% per day, unlocked fully in 180 days (there is still a possibility that new proposals may make changes on the release scheme in the future).

Gate.io will swap about 0.55% FIL6 tokens to FIL mainnet tokens based on the FIL6 release schedule (we may increase the ratio if the onchain release ratio increases). If a user’s ’FIL6 balance is insufficient during the swap on a given day (e.g. due to FIL6 asset locked in open orders), the swap on that day is skipped.

To make sure that our users can participate in FIL trading at the earliest time possible, we will make the first-day release in advance, around October 15th, 5:00-8:00 AM UTC (Trading commence at 8:00 UTC, but our users can place bids and asks in advance). If you wish to get your FIL6 swapped to mainnet FIL tokens early, please keep sufficient FIL 6 balance in your account (balance should not be locked in open orders or lending orders).

According to our estimation, 13000 FIL will be released the first day on Gate.io. Please note, those FIL will be available for withdrawal once withdrawals are enabled following the mainnet launch. FIL deposits are now enabled. Initially, the amount of circulating FIL will be very low., but as more are released on a daily basis, FIL circulation on Gate.io will quickly increase, imposing pressure on the price. Please pay close attention to price changes and trade with caution.

Deposit FIL at: https://www.gate.io/myaccount/deposit/FIL
Trade FIL at: https://www.gate.io/trade/FIL_USDT