In August 2017, Filecoin completed a fundraising of 257 million US dollars, setting a record for early blockchain project financing at the time, attracting the attention of many blockchain enthusiasts, investors and miners around the world. Only 10% of the tokens were sold in this fundraising, which means that although Filecoin has not yet been launched, its valuation has reached 2.57 billion US dollars, ranking among the top ten mainstream cryptocurrencies in terms of market value. Below, I will give a detailed introduction to the financing details of Filecoin, which is known as the strongest ICO in history, blockchain 3.0, and the next 100 billion gold mine, to see why it is so attractive. Total issuance: 2 billion Financing entity: Protocol Lab Company location: United States Core business: Distributed data storage based on blockchain. Token Distribution Mechanism The Filecoin project itself has the elements of a public chain. The token it issues is called FileCoin, with the symbol: FIL. The total number of tokens is 2 billion, and the distribution plan is as follows: Miners: 55% , released linearly through block rewards, used to reward maintaining the blockchain and running contracts; Miner Reserve: 15% , used by the network to provide incentives to other categories of miners, such as retrieval miners and maintenance miners; Protocol Labs: 10.5% , used as the R&D and operating expenses of the Protocol Labs team, to be released linearly over 6 years ; PL team contributors : 4.5% , mainly referring to the Protocol Labs team and other major contributors; Investors: 10% , allocated to investors participating in private and public offerings, released linearly over 6-36 months; Foundation: 5% , used as the cost of long-term community construction, network management, etc., to be released linearly over 6 years;
We all know that Bitcoin uses a halving mechanism every four years (the output is halved every 210,000 blocks generated), while Filecoin uses a linear decreasing release mechanism, with the output halved exactly every six years. This can ensure a smooth transition in the quantity and price of Filecoin . This is also a very sincere and reasonable token distribution mechanism determined by Protocol Labs after careful thinking and design .Filecoin financing basics Participation qualifications : US Qualified Investor Identity Certification (reviewed and approved by the US Securities and Exchange Commission (SEC), the financing process is the same as the US IPO to ensure legality) Proportion of financing tokens : 10% (200 million) Total funding amount : $257 million Time : 2017.7.21~2017.7.24 Cost : $0.75/FIL (same price for all private placements) Distribution period and discount : 1-3 years, discount 0-30% (the minimum distribution period is one year) Number of participants : About 150 people Private placement amount : Approximately $52 million Cost calculation formula : price = max( $1, amountRaised / $40,000,000 ) USD/FIL Distribution period and discount : 6 months (0%), 1 year (7.5%), 2 years (15%), 3 years (20%) Public offering amount : US$205 million Number of participants : 2100+ US investors: Only investors credible by the SEC can participate in the Filecoin ICO. Non- U.S. Investors : Investment thresholds are higher than or equal to the SEC's credible investor standards, depending on the laws of each country. https://coinlist.co/assets/index/filecoin_index/Filecoin-Sale-Economics-e3f703f8cd5f644aecd7ae3860ce932064ce014dd60de115d67ff1e9047ffa8e.pdf Filecoin’s fundraising platform — Coinlist Coinlist is a compliant initial token issuance platform that has completed fundraising for 11 well-known blockchain projects including Filecoin, Nervos, Algorand, etc. More than 10,000 investors have invested more than US$800 million in Coinlist. On April 9, Coinlist’s official website also updated the Filecoin project progress, notifying investors who participated in Filecoin’s private and public offerings in the early stages to update their registration information and prepare to receive Filecoin tokens.Who invested in Filecoin? Well-known investment institutions Founded in 2015, Digital Currency Group is one of the few financial giants on Wall Street in New York that focuses on blockchain and digital currency investment. Currently, more than 70 startups in 20 countries around the world are supported by DCG Group, and Protocol Labs is one of them. Information source: https://dcg.co/portfolio/ Y Combinator was founded in 2005 and is the most famous startup incubator in the United States. In 2012, Forbes selected YC as the world's most valuable startup incubator. It is called "startup boot camp" and "budding digital entrepreneurs" by the global startup incubation community. In 2015, the IPFS project created by Juan Benet received a huge investment in the YCombinator incubation competition, and Protocol Labs was established at the same time. Y Combinator can be said to be the Bole of IPFS. https://blog.ycombinator.com/ipfs-coinlist-and-the-filecoin-ico-with-juan-benet-and-dalton-caldwell/ Union Square Ventures, headquartered in New York, USA, manages more than $1 billion in assets. With the advent of the digital currency boom, they plan to increase the value of their wealth by investing in new things. An executive of Union Square Ventures once said that the blockchain industry will be worth trillions of dollars. Judging from their choice to directly transfer funds at the beginning of Protocol Labs, IPFS is a good project that will make a lot of money. Information source address: https://www.usv.com/companies/ Andreessen Horowitz is a private venture capital firm in the United States. Since 2006, Andreessen and Horowitz have been active investors in advanced technology companies around the world. The fund they formed has invested in 90 world-renowned Internet companies including Skype, Zynga, Digg, Foursquare, Airbnb, Twitter, Facebook, etc. The two are known as super angel investors. Andreessen Horowitz Fund has also become the hottest venture capital firm in Silicon Valley. Judging from their pace of "investing in whoever gets the launch", IPFS & Filecoin will definitely become a very profitable project. Information source address: https://a16z.com/portfolio/
The Winklevoss Brothers Foundation is an investment institution founded by the Winklevoss brothers, who are also one of the most legendary figures in the cryptocurrency circle. In 2013, the two brothers spent $11 million to buy 1% of the world's Bitcoin. The investment returned a value of $1 billion in December 2017. As the world's most successful Bitcoin investor, they also chose to invest in IPFS, which is enough to prove that the value of IPFS & Filecoin is really unlimited (click on the picture below to get the story of the Winklevoss brothers) . Source: https://winklevosscapital.com/introducing-the-winklevoss-capital-syndicate-on-angellist FundersClub is an emerging online equity crowdfunding organization that specializes in selecting potential startups for all investors to invest in through the Internet and receive real equity in return. All legal documents and fund transfers are done online. Since FundersClub can only make a profit if startups succeed, FundersClub must spend a lot of effort to select the best startups to ensure its investment returns, such as the Protocol Labs team. Information source address: https://fundersclub.com/portfolio/ The famous Sequoia Capital was founded in Silicon Valley, USA in 1972. After nearly 50 years of development, Sequoia Capital has become well-known in the global venture capital field. As the first institutional investor, Sequoia Capital has invested in many Fortune 500 companies such as Apple, Google, Cisco, Oracle, Yahoo, LinkedIn, etc., with remarkable achievements and has created a world-renowned investment benchmark image. Sequoia Capital China has invested in almost all of China's nearly 50 Internet giants, including Alibaba, Ant Financial, JD.com, Meituan, Didi, Mobike, etc. Protocol Labs received investment from Sequoia Capital in 2017 thanks to the team's efficiency and reliability, the forward-looking and revolutionary nature of the project, and most importantly, its value. Stanford University, located in the San Francisco Bay Area, close to Silicon Valley, is a world-renowned comprehensive research university. Stanford University ranks second in the world in both the Academic Ranking of World Universities (ARWU) and the QS World University Rankings. As of 2018, the university's alumni have won 81 Nobel Prizes, 8 Fields Medals, 27 Turing Awards, and 4 Pulitzer Prizes. Juan Benet, the founder of IPFS, graduated from Stanford. Stanford University will naturally give the greatest support to its "son" and new technologies with ambitious goals such as IPFS. Nirvana Capital is a venture capital fund headquartered in San Francisco/Beijing, focusing on blockchain/financial technology investment and incubation of edge technology and economic experiments. Its founding partners are also early supporters of Ethereum. In order to integrate the revolutionary ecosystem with the social production and labor-capital relations of the underlying community, Nirvana Capital provides end-to-end strong support for its investment projects, including strategic/operational and resource matching consulting. Information source address: http://nirvana.capital/ Naval Ravikan, founder of AngelList, an American equity crowdfunding platform Semil Shah, founder of Haystack Fund Gyft.com Founder & CEO : Vinodan Lingham Fred Ehrsam , former Goldman Sachs trader and co-founder of Coinbase Jaan Tallinn, co-founder of Skype and founder of the British restaurant brand Chilango Figma co-founder & CEO, Silicon Valley legendary math genius : Dylan Field
From the above, we can see that Filecoin is a star project in the high-growth track of distributed data storage. It has received multiple investments from many well-known investment institutions, has an ultra-luxury entrepreneurial team, and has been fully prepared for future legality and compliance at the time of financing. The official website of Coindesk, the world's largest blockchain media, published an article titled "More than 200 million US dollars broke the ICO record in 60 minutes" Source: https://www.coindesk.com/200-million-60-minutes-filecoin-ico-rockets-record-amid-tech-issues Blockchain media "Cointelegraph" published an article on its official website: "The $257 million ICO project Filecoin has a new launch schedule, Gemini hosting solution" https://cointelegraph.com/news/257-million-ico-project-filecoin-has-new-launch-schedule-gemini-custody-solution The Observer, one of the official British media, published an article titled "Why Filecoin ICO was approved by the US Securities and Exchange Commission" (official website release) https://observer.com/2017/08/filecoin-coinlist-securities-exchange-commission/ The Wall Street Journal reported on its official website that "Filecoin Completes $52 Million in Financing" . The author of the article , Yuliya Chernova, introduced on her personal Twitter: Filecoin raised $52 million from Winklevoss Capital, Digital Currency Group, YC, Sam Altman and other companies in the ICO pre-sale. https://twitter.com/ychernova/status/893460579184242688 Investing seems to be the simplest thing, which can be done by buying and selling. However, investing is also the most difficult thing, and only a few people can really make money through investing. Investing in a project with the greatest growth potential, Filecoin, with the smartest people in the world will definitely have a higher success rate than going around looking for gossip. This is why the stock of Buffett's company has risen to nearly $300,000 per share. Let's look forward to the launch of the Filecoin mainnet together!
Early investors who participated in the 2017 Filecoin public offering and investors who want to learn more about IPFS and Filecoin are welcome to contact the IPFS China Community Operations Officer ( WeChat ID: chuanzhang129 ). |
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