Filecoin is a decentralized storage network that turns cloud storage into an algorithmic market. The market runs on a blockchain with a native protocol token (also called “Filecoin”), which miners earn by providing storage to clients.
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$200 Million In 60 Minutes: Filecoin ICO Rockets to Record Amid Tech Issues - CoinDeskAn initial coin offering (ICO) for the blockchain data storage network Filecoin has raised an estimated $200 million from accredited investors despite being beset by technology issues. The figures add to the roughly $52 million in tokens sold in a pre-sale to investors like Sequoia Capital, Andreessen Horowitz and Union Square Ventures, announced last week.
Filecoin Token Sale: A decentralized storage network - Smith + CrownUpdate 08/11/2017: Filecoin announced on twitter that they are temporarily pausing their sale. The sale raised $186 million in confirmed transactions in the first hour. The volume of transactions apparently overwhelmed their system.
Smith + Crown
Filecoin ICO, Launching Next Week, Aims To Resolve Token Sale ProblemsAmid the frenzy around initial coin offerings - the fundraising phenomenon that has raised $1.2 billion in crowdsales this year for new projects, many of them little more than white papers - there are serious entrepreneurs focused on building transformative technology. Their vision is usually of a decentralized internet dubbed Web 3.0.