Filecoin Tokenomics

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FIL Overview & Token Details

Filecoin FIL is a decentralized storage network designed to store humanity's most important information.

Ticker
$FIL
Listing Price
$1.91
Total Supply
2,000,000,000
Niche
  • Infrastructure
  • DePIN
TGE Date
2020-10-15
Tier 2
Tokenomics
Economy
Audit
Tokenomics
Audited
Investor
Information

Tokenomics Rating

Rank
#379
Percentile
Top 19%
12
6
5
Economic Policies
83.89
Investment & Valuation
46.01
Utility & Value Flow
-
Liquidity & Market Making
-
Distribution Fairness
91.91

Tokenomics Structure (Token Supply, Allocation & Vesting Overview)

Allocation Distribution

Pool Name
Percentage
Vesting Information
Baseline Minting38.50%120 Month Linear Vesting
Simple Minting16.50%72 Month Linear Vesting
Mining Reserve15.00%100.0% at TGE
Protocol Labs10.50%72 Month Linear Vesting
Fundraising 365.80%36 Month Linear Vesting
Filecoin Foundation5.00%72 Month Linear Vesting
Team and Contributors4.50%72 Month Linear Vesting
Fundraising 62.20%6 Month Linear Vesting
Fundraising 121.50%12 Month Linear Vesting
Showing 1-9 out of 10

Category Score
91.91out of 100
Percentile
Top 6%

Allocation Distribution Indicators

Highlights
1
Warnings
1
Alerts
1

Distribution Fairness

Token Allocation Benchmarks (vs Top Projects)

Token Allocation Deviation Analysis

Deviation Status

Public Sale
-6.6%
Medium
Community
+24.5%
High
Foundation
-2.1%
Low
Insiders
-6.9%
Medium
Investors
-8.7%
Medium

Token Allocation Deviation Analysis

This section evaluates how Filecoin allocates its token supply compared to leading Infrastructure projects. It measures deviation across key stakeholder groups and determines whether the allocation aligns with proven benchmarks. The analysis helps assess whether FIL follows a fair and balanced distribution structure or introduces concentration risks.

Overall Deviation Status

Medium

Category Score
out of 100
Percentile

Governance Indicators

Highlights
1
Warnings
1
Alerts
2

Token Power

Token Governance Concentration Analysis

This section analyzes who holds actual control over the Filecoin circulating supply year over year, with a focus on early stages where governance risk is highest. It assesses whether the governance power of FIL is centralized or decentralized, and flags any dominance by insiders or investors.

Token Control Status

Launch
Centralized
Year 1
Centralized
Year 2
Centralized
Year 3
Centralized
Year 4
Semi-Centralized

Insider Dominance Test

Failed

Investor Dominance Test

Passed

Category Score
93.98out of 100
Percentile
Top 4%

Inflation Indicators

Highlights
3
Warnings
1
Alerts
0

Emission Type

Circulation

Token Inflation (Annual Analysis)

This section analyzes whether FIL token inflation is sustainable over time. We compare annual emission rates against top-performing projects, assess how balanced the vesting and unlock schedules are, and evaluate how inflationary pressure may affect long-term token value, circulating supply growth, and investor dilution.

Year 1 Inflation

88.2%

Year 2 Inflation

33.8%

Year 3 Inflation

24.6%

Year 4 Inflation

15.6%

Inflation YoY

Category Score
83.14out of 100
Percentile
Top 18%

Supply Shock Indicators

Highlights
1
Warnings
0
Alerts
0

Emission Type

Circulation

Monthly Supply Shocks

Token Unlock & Dilution Events

This section tracks every FIL token unlock and dilution event across the full vesting timeline. We quantify the size and timing of each release, classify dilution risk levels (low, medium, high), and highlight the largest unlock event by date and percentage of total supply. Charts help understand emission pressure and anticipate potential supply shocks.

Supply Shocks Counter

0 Low Risk
0 Mid Risk
0 High Risk

Highest Supply Shock

8.6%
at Month 1

Detailed Information

Category Score
65.2out of 100
Percentile
Top 20%

Risk of Dilution Indicators

Highlights
1
Warnings
0
Alerts
1

Token Emission, Float and Circulating Supply Analysis

This section evaluates the circulating supply and emission schedule of FIL, focusing on its initial float at TGE, its dilution profile over time, and how these levels compare with top-performing projects.

Initial Float

15.00%

Best Performer Float

12.34%

Team Float Control

100.0%
Low Control
Mid Control
High Control
At launch, the team controls 100.0% of the circulating supply, reducing the real initial float to 0.00%.

Circulating Token Supply (YoY)

Vesting Release Schedule

Category Score
46.01out of 100
Percentile
Top 87%

Terms and Conditions Indicators

Highlights
1
Warnings
0
Alerts
0

Investor Round Details

Token Sale Terms and Vesting Details

This section reviews all investor fundraising rounds for Filecoin and the token purchase terms attached to FIL. It compares entry price, unlock structure, vesting length and if terms align with market standards.

Vesting Details

Hover to see the details.
Fundraising 36
Fundraising 6
Fundraising 12
Fundraising 24

Target Hardcap

$205.9M
10.0%
90.0%
Filecoin is selling 10.0% of its total token supply to investors in order to raise $205.9M in funding.

Category Score
24.77out of 100
Percentile
Top 94%

Valuation Indicators

Highlights
1
Warnings
1
Alerts
1

Valuation Comparison

This section compares the tokens valuation and performance to other projects within the same niche. It includes ROI benchmarks from the past year, the last 15 launches, and the top 5 competitors.

Niche ROI (Past Year Infrastructure)

-30.21%

Niche ROI (Last 15 Infrastructure)

-48.82%

Project FDV Status

Overvalued
Under
Fairly Valued
Over
Filecoin is listing at 1198.9% higher FDV compared to benchmark listing and current valuation averages.

Valuation Comparison

Valuation (FDV vs VDV)

We compare investor valuations using both Fully Diluted Valuation (FDV) and Vested Diluted Valuation (VDV) models to assess pricing from two key perspectives. The round that ranks highest across both valuation models is considered the best-valued round.

Preferred Round

Fundraising 24
Best
Out of 4
1
Ranked 1st by VDV
1
Ranked 1st by FDV

Rounds Ranked by FDV

1
Fundraising 24
$24.0M FDV
2
Fundraising 36
$1.5B FDV
3
Fundraising 12
$2.3B FDV
4
Fundraising 6
$3.8B FDV

Rounds Ranked by VDV

1
Fundraising 24
$9.1M VDV
2
Fundraising 12
$654.7M VDV
3
Fundraising 36
$705.8M VDV
4
Fundraising 6
$867.8M VDV

Investor FDV vs VDV

VDV Valuation Model

Category Score
99.92out of 100
Percentile
Top 3%

Break Even Indicators

Highlights
2
Warnings
1
Alerts
0

Break-Even Analysis

This section evaluates how fast investors recover their initial capital across Filecoin's private rounds. We track cumulative ROI from token unlocks, identify which rounds break even first or last, and pinpoint the month when ROI becomes positive to assess payback speed and round attractiveness.

Fastest Rounds to Break Even

1
Fundraising 24
in 1 months
2
Fundraising 6
in 6 months
3
Fundraising 12
in 8 months
4
Fundraising 36
in 15 months

Who Breaks Even First?

Fundraising 24
in 1 months

Who Breaks Even Last?

Fundraising 36
in 15 months

Break-Even Analysis Chart

Category Score
out of 100
Percentile

Conclusions Indicators

Highlights
1
Warnings
1
Alerts
0

Investor Round Ranking

This section ranks all investment rounds based on key investor metrics, including break-even speed, recovery at TGE, Fully Diluted Valuation (FDV), and Vested Diluted Valuation (VDV). Each round is scored and ordered from most to least favorable, showing which round offers the strongest conditions for investors in Filecoin.

Most Favorable Round

Fundraising 24
Best
Out of 4
1
Ranked 1st by TGE Recovery
1
Ranked 1st by Vesting Speed
1
Ranked 1st by FDV
1
Ranked 1st by VDV

Least Favorable Round

Fundraising 6
Worst
Out of 4
1
Ranked 1st by TGE Recovery
2
Ranked 2nd by Vesting Speed
4
Ranked 4th by FDV
4
Ranked 4th by VDV

Investor Round Ranking

FIL Tokenomics FAQ – Key Questions About Filecoin

What is the token allocation for FIL?

Filecoin token distribution allocates 2,000,000,000 FIL across 4 primary stakeholder groups:

  • Community: 55.00% (Baseline Minting 38.50%, Simple Minting 16.50%)
  • Foundation: 20.00% (Mining Reserve 15.00%, Filecoin Foundation 5.00%)
  • Insiders: 15.00% (Protocol Labs 10.50%, Team and Contributors 4.50%)
  • Investors: 10.00% (Fundraising 36 5.80%, Fundraising 6 2.20%, Fundraising 12 1.50%)

What is the vesting schedule for FIL?

FIL uses variable cliffs and vesting schedules that change depending on the allocation:

  • Baseline Minting: 120 Month Linear Vesting
  • Simple Minting: 72 Month Linear Vesting
  • Mining Reserve: 100.0% at TGE
  • Protocol Labs: 72 Month Linear Vesting
  • Fundraising 36: 36 Month Linear Vesting
  • Filecoin Foundation: 72 Month Linear Vesting
  • Team and Contributors: 72 Month Linear Vesting
  • Fundraising 6: 6 Month Linear Vesting
  • Fundraising 12: 12 Month Linear Vesting
  • Fundraising 24: 24 Month Linear Vesting

How many FIL tokens unlock at TGE?

15% of the total supply (300,000,000 FIL) is unlocked at TGE, with the entire unlock going to Foundation.

What is the total supply and circulating supply of FIL?

Filecoin has a total supply of 2,000,000,000 FIL, of which 1,509,888,896 FIL (75.5% of total) is currently circulating.

What is the token emission schedule for FIL?

Total length of the full Filecoin emission schedule is 11 years, with 29.68% released in Year 1, while the remaining 70.32% is released over the following 10 years.

What are the investor terms for FIL private and seed rounds?

Filecoin has 4 investor rounds, with the following investment price and vesting:

  • Fundraising 36: priced at $0.75, with 36 Month Linear Vesting
  • Fundraising 24: priced at $0.012, with 24 Month Linear Vesting
  • Fundraising 6: priced at $1.91, with 6 Month Linear Vesting
  • Fundraising 12: priced at $1.1595, with 12 Month Linear Vesting

What percentage of FIL is allocated to the community?

55% of the Filecoin supply is allocated to community focused pools such as Baseline Minting and Simple Minting.

What is Filecoin (FIL)?

Filecoin (FIL) is a groundbreaking decentralized storage protocol designed to disrupt traditional cloud storage models. Operated by a global network of participants instead of a central authority, Filecoin offers an innovative platform where users can rent or buy secure, scalable, and cost-effective data storage. Launched by Protocol Labs in October 2020, Filecoin's mainnet allows people worldwide to join its ecosystem, creating an extensive and reliable storage marketplace. At its core, Filecoin revolutionizes data storage by splitting files and distributing them across multiple nodes within its decentralized network. Storage providers, referred to as "miners," compete for storage contracts based on pricing and speed, while users retain the ability to select options that meet their specific requirements. Once uploaded, data is securely stored on the chosen miners' nodes, benefiting from high redundancy and decentralized encryption.

This tokenomics data is maintained by Tokenomics.com and updated automatically from our analytics engine.

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