Vesting occurs linearly on a block-by-block basis. In each block, an incremental amount of your FIL will become available and claimable according to your individual vesting schedule (6, 12, 24, or 36 months).
If you participated in Filecoin's 2017 offering, your FIL will vest linearly on a block-by-block basis starting at mainnet launch, for the duration of your vesting period. For example, if your vesting schedule is 12 months, you will receive FIL on a block-by-block basis and each day receive approximately 1/365 of your FIL .
In order to self-custody your FIL, please go to coinlist.co/filecoin and edit your custodian option under 'Distributing To'. You'll want to select Self-Custody. The easiest way to self-custody is to use the 'Glif and Ledger' option, which requires a Ledger hardware wallet. You'll see instructions on setting this up after selecting that option.
Detailed instructions on setting up your Ledger to receive FIL are here: https://paper.dropbox.com/doc/Self-Custodied-SAFT-Guide--A72a5~JLiLiNKPhdLQP3ZbNhAg-dHxZu59oAeSw03RrRpCrd
Your Filecoin will be held in your CoinList wallet. From there you will be able to transfer, trade, and deposit additional Filecoin vested Filecoin. Your balance of available (vested) Filecoin will be displayed alongside your unvested (unavailable) Filecoin held in your vesting actor.
Your CoinList wallet is built on Gemini Custody’s infrastructure. When you input a transaction, we pass this information to Gemini for execution.
There is no fee to store your Filecoin in your CoinList wallet.
As of September 17, 2020, we expect Filecoin to launch in the next few weeks. Protocol Labs maintains a public roadmap, which is the best place to look for accurate information.
We are currently licensed to operate our wallets and trading in many states. We are working on licensure for the following states and territories:
If you reside in one of the above states or territories, please see here for instructions on setting up an account with Gemini: https://coinlist.co/help/what-additional-information-do-i-need-to-provide-to-use-coinlist-wallets-through-a-gemini-subaccount
If you live in a state or territory where we are yet to finalize our licensure, we have provided an alternate solution for CoinList wallets. If you chose to use CoinList Wallets, you will be provided a sub-account at Gemini. Once you complete the additional verification, your holdings will be accessible via your CoinList account. Upon mainnet launch, you will be able to deposit and withdraw your FIL holdings via CoinList but will not be able to trade on CoinList.
In order to get set up with a sub-account, you’ll need to go through Gemini’s verification process. Please follow these instructions:
-If you have a Gemini account associated with this email address, no action is required
-If you do not have a Gemini account, please set one up here: https://exchange.gemini.com/register
-If you have a Gemini account, but it’s under a different email address, please set up a new account using this email address at https://exchange.gemini.com/register
Please note that these tokens will be accessible through the CoinList site (and not through Gemini).
During the initial network launch, deposits will require 240 confirmations on chain before they are credited to your wallet. This may take up to 2 hours. As the network stabilizes, Gemini and CoinList will decrease the number of confirmations required for deposits and withdrawals.
By default, tokens will go to into CoinList Wallets:
If you live in a state that we currently do not support, you can still use CoinList Wallets but we'll require some more information (more information here)
Users can also opt into leading custodians - if you are an existing customer of Anchorage, Coinbase Custody, or Gemini Custody, you can receive your FIL tokens directly into your account with one of those custodians.
Users can also self-custody (more information here)
There is no withdrawal fee for Filecoin; however, users must pay network fees to withdraw their Filecoin. This network fee is determined by Gemini Custody and may change from time to time. Please review coinlist.co/fees for the most up to date information on the current Filecoin Network fees.
Filecoin wallets are available now on CoinList. Deposits will be available on mainnet launch at 7:30AM PDT, Thursday, October 15th. FIL deposits will be available at that time. FIL withdrawals will be available after CoinList has sufficiently tested deposits at other exchanges.
Pre-orders • Open on Wednesday at 10:00pm PT
Opening Price Calculation • Projected start Thursday 10:15 AM PT
Live Trading • Projected start Thursday 10:30 AM PT
The above timelines are all subject to change to ensure the safety and security of customer funds. CoinList will alert you via email as services become available or if there are significant delays to the above schedule. Please see https://coinlist.co/help/filecoin_launch for more information.
A vesting actor is a type of smart contract on the Filecoin blockchain. The vesting actor manages the release and vesting of your original Filecoin purchase. According to the vesting schedule in your SAFT, Filecoin will be released and can be transferred from the vesting actor. Vesting occurs on a block by block basis.
Assuming a stable network, CoinList will enable wallets within 2-7 hours after mainnet launch, and CoinList will sweep your vested FIL into your CoinList wallet. For the first 24-48 hours post-mainnet launch these sweeps will be performed approximately once every 5 hours.
Your vested Filecoin will be swept from the vesting actor to your CoinList wallet daily. This happens automatically and there are no actions required by you. This cadence may change over time depending on network conditions and costs. For the first 24-48 hours post-mainnet launch these sweeps will be performed approximately once every 5 hours. The minimum amount that will be swept each day will be 0.5 FIL.
Yes, all CoinList users who are eligible for CoinList Wallets will automatically have a Filecoin wallet in their account upon mainnet launch.
You may deposit Filecoin at any time post-mainnet launch to store your Filecoin or use CoinList Pro.
There are no fees for storing your Filecoin on CoinList.
Yes. The Filecoin network allows you to transfer the private keys of your vesting actor. Please contact your custody provider and firstname.lastname@example.org to start this process. There may be additional fees associated with this action.
If you are using a Gemini sub-account through CoinList Wallets, you have full functionality to store, withdraw, and deposit Filecoin through coinlist.co. You are not able to trade Filecoin on CoinList at this time. Once we have the appropriate licensure, we will give you the opportunity to switch from a Gemini sub-account to a full CoinList account.
Yes. You may switch from using CoinList to manage your distribution to a self-custody or a 3rd party custodian. This process is manual and may require up to 3 weeks to process and includes a $500 processing fee incurred by Gemini. You will have to withdraw any already vested Filecoin in your CoinList wallet after the transfer has been processed.
Please contact email@example.com if you wish to transfer your vesting actor.