Filecoin Vesting Period Nears End, Cutting Annual FIL Releases by 68 Million

Filecoin's six-year vesting period is nearing its end, which will remove about 68 million FIL in annual token releases. According to ChainCatcher, the annual new supply from vesting and block rewards will fall from about 89 million FIL to 21 million FIL based on the current mining pace.After the vesting period ends, rewards for storage providers will continue to be distributed. Filecoin is a decentralized storage network, and FIL is its native token used to incentivize storage and retrieval services on the network.