BlockChain News
Can’t join the Filecoin ICO? Don’t
worry!
Filecoin is a Decentralized Storage Net-
work that leverages both the IPFS pro-
tocol and blockchain technology. The
Filecoin blockchain itself acts as an “incen-
tive layer” that works on top of the IPFS.
Although several other projects are at-
tempting to use this technology, Filecoin
is a project spearheaded by Protocol Labs,
the creators of the aforementioned proto-
col.
Although Filecoin has got the crypto-
currency community abuzz, many were
saddened to see that they will not be able
to participate in the Initial Coin Offering
45
(ICO) campaign. In order to comply with
the recent SEC funding regulations, the
Filecoin token sale will be held through
the Coin List platform and will only be
available for verified investment firms,
banks, and individuals with a net worth of
$1 million or an annual salary of $200,000.
The ICO will start in two days and the
project has already gathered $52M from
investors like Sequoia and Union Square
Ventures. Just in case you are actually
able to join the ICO or if you want to learn
more about the ICO and Filecoin itself,
then you can do so here.