Filecoin says FIL vesting ends Oct. 15, cutting new issuance by about 75%

Filecoin said through its official social media channel that the FIL token vesting, or linear unlock, program is scheduled to end on Oct. 15, which is expected to reduce total new issuance by about 75%. Filecoin added, "This is the largest structural change on the supply side since the mainnet launch." The company also said the supply reduction will coincide with the rollout of Filecoin Onchain Cloud (FOC) and Fil One, which it said are aimed at generating real onchain paid-payment demand.