The Initial Cryptoactive Offers (ICO) continue to have a significant movement in the ecosystem, and an increasing number of projects are betting on the creation of cryptoneses to finance the initiatives and as an investment offer in technological developments that promise to have an important impact In the ecosystem.
The team behind Filecoin launched its own ICO, and the chip can be changed by the main bittoin and ether market crypto as well as by dollars. The sale has been a success, and so far, it has raised $ 197,845,566, an extremely significant figure despite the technical difficulties that the sale went through at the beginning. Offer will be finalized in 26 days.
The sale is being done through CoinList, joint project between Protocol Labs, developer of Filecoin and AngelList. Investors include Sequoia Capital, Andreessen Horowitz and Union Square Ventures, who would have invested up to $ 52 million in Filecoin's pre-order.
In its operation, Filecoin will have mainly two actors of its internal economy: those that need storage, that will bring the funds to the platform to obtain them and those who provide the storage, who will determine the value of the services and the behavior of the cryptoactive one.
The currency will be the fuel of this interesting management and data protection project at a global level, and if the figures are confirmed and the collection kept, it would displace Tezos and its 232 million dollars of collection as the largest ICO so far. Filecoin's offer is using an atypical selling model: buyers are allowed minimum amounts of the currency, but these would have to pay increases as investors increase more.
As with Bitcoin, Filecoin's miners compete to mine blocks with considerable rewards, but in Filecoin's mining power is proportional to active storage, which directly provides a useful service to customers (unlike Bitcoin's mining, whose utility Is limited to maintaining the block block consensus). This creates a powerful incentive for miners to accumulate as much storage as possible and rent it out to customers.
Filecoin
In July the ICO broke for the third consecutive month the cap of collection and with more than 540 million dollars, the total so far this year, along with these new figures, brings the 2017 bar to more than 1.5 trillion dollars. After breaking the $ 100 million barrier in April, the ICOs continued to rise; In May they raised just over 232 million dollars and in June about 462.
So far, Tezos maintains the record of collection, after announcing an initiative of a decentralized, self-governed blockchain that will generate a digital community closer. The project of Filecoin, with its differences, also aims at a global objective, taking advantage of the potential of the bitcoiner ecosystem in order to strengthen the structures under which the Internet works, providing cost-effective solutions for data management and protection