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June 29, 2020

Crypto listing platform CoinList has just announced it plans to distribute Filecoin (FIL) tokens once the network is launched, which should happen in August, The Block has reported.

The distribution of the tokens will reportedly be made directly to the wallets of CoinList investors. In addition, investors will also be able to receive deposits directly into their Coinbase, Gemini or Anchorage accounts as well as store them in their Ledger hardware wallets.

Filecoin, a decentralized p2p storage network developed by Protocol Labs, will allow its users to buy and sell unused storage on an open market.

The project attracted more than $205M through a SAFT sale (simple agreement for future tokens) back in 2017. As a result, the tokens were available to over 2,100 accredited investors from 50 different countries.

The launch of the project's mainnet was initially scheduled for March. However, it has been put off several times and the network is expected to become fully operational in August.

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