Filecoin says FIL daily new circulating supply may drop 75% as reward changes move ahead

Filecoin says FIL daily new circulating supply may drop 75% as reward changes move ahead

N
News Editor
2026-10-16 05:34:29
Filecoin said it made three advances this month, led by progress on its new Solstice reward model, the approaching end of the genesis token release schedule, and the launch of new products aimed at enterprises and AI agents. Under Solstice, more block rewards will be directed to services that bring paying customers to the network. Rewards tied only to consensus mining will be reduced, and any unearned portion will be burned, according to the announcement. Filecoin also said the genesis token vesting period is nearing its end, a shift that is expected to cut the amount of newly circulating FIL added each day by about 75%. On the product side, the network introduced Integral Spacetime, a Filecoin-based storage cloud, Fil One, an S3-compatible object storage service, and a toolset that lets AI agents store files directly, obtain public links, and pay on-chain.

Filecoin said it has made three advances this month.

The first is progress on Solstice, a new reward mechanism that will direct more block rewards to services that bring paying customers to the network. Rewards allocated only to consensus mining will be reduced, while any unearned portion will be burned, according to the announcement.

Filecoin also said the genesis token release period is nearing its end. As a result, the amount of newly circulating FIL added each day is expected to fall by about 75%.

On the product side, the network introduced new offerings for enterprises and AI agents, including Integral Spacetime, a Filecoin-based storage cloud, Fil One, an S3-compatible object storage service, and tools that allow AI agents to store files directly, obtain public links, and make payments on-chain.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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