Several key points you must know about Filecoin investment

1. What is Filecoin

Filecoin is a decentralized storage network established by IPFS (Interplanetary File System) in 2017, referred to as FIL. It is an incentive layer running on IPFS, and its purpose is to get more people to participate in and use IPFS. Filecoin has a dual market for data storage and retrieval, with a total issuance of 2 billion, of which the foundation accounts for 5%, the founder team accounts for 10%, ICO fundraising accounts for 15%, and mining accounts for 70%. IPFS/Filecoin is the only blockchain project in the world that meets IPO standards. In August 2017, only 10% of Filecoin raised $257 million in 60 minutes, breaking the global ICO record.

2. Who is the initiator of Filecoin?

Stanford University's computer science major is the major with the most Turing Awards in the world. As we all know, the Turing Award is the most prestigious and noble award in the computer industry, and is known as the "Nobel Prize in Computer Science". Juan Benet, the founder of IPFS, comes from here. His achievements have been widely recognized by the world, and he was named the world's business leader under 40 by Fortune magazine in 2018.

3. What are the investment institutions of IPFS?

1. Y Combinator

YC is the top startup incubator in Silicon Valley, USA, and a global benchmark for incubators. According to a statistical list in October 2018, 93 startups supported by YC have a valuation of more than $100 million, 19 of which have a market value of no less than $1 billion, and the total market value of these companies exceeds $100 billion. Juan Benet, who founded IPFS in 2015, received a huge investment in the YC incubation competition and established Protocol Labs.

2. The Winklevoss Twins

Cameron Winklevoss and Tyler Winklevoss, both brothers graduated from Harvard University. The brothers are considered the most successful cryptocurrency traders, owning 1% of the world's Bitcoins. The total number of Bitcoins issued is 21 million. Based on this calculation, the brothers own 210,000 Bitcoins, worth about $2 billion. With their level of understanding and investment vision, choosing to invest in IPFS is enough to prove that its future value is unlimited.

3. Sequoia Capital

Sequoia Capital was founded in Silicon Valley, USA in 1972. As the first institutional investor, it has invested in many innovative companies such as Apple, Google, Cisco, Oracle, Yahoo, Linkedln, etc. Sequoia Capital ranked first in the "2019 Hurun Global Unicorn Active Investment Institutions Top 100 List". Sequoia Capital China Fund's investment portfolio includes JD.com, Alibaba, Ant Financial, JD Finance, Toutiao, Ele.me, 360, Vipshop, Pinduoduo, Kuaishou and many other fields. IPFS stands out among many innovative companies, and it is natural that it has won the favor of Sequoia Capital.

4.DCG Digital Currency Group

DCG (Digital Currency Group) was founded in 2015 and focuses on investments in the emerging Bitcoin and blockchain fields. DCG has invested in or holds equity in more than 60 digital currencies in circulation, and has the world's largest investment portfolio of early digital currencies and blockchain ecosystems. Top blockchains such as IPFS have long been an important target for DCG.

5. Stanford University

Stanford University, the alma mater of founder Juan Benet, is the solid foundation for the formation and rise of Silicon Valley. Frederick Terman, the founder of Stanford University, is also known as the "Father of Silicon Valley". Juan's support from his alma mater was not based on nurturing; on the contrary, the requirements for technology itself would be higher and stricter. Because Stanford University is at the world's top level in the field of computer science, its evaluation standards will be improved a lot. Stanford University's participation is not only financial support, but also technical output, so that IPFS has sufficient funds and strong technical support.

6. Andreessen Horowitz

Founded in 2009, Andreessen Horowitz is the hottest venture capital firm in Silicon Valley. The company has invested in Skype, Zynga, Digg, Foursquare, Airbnb, Twitter, Facebook and more than 90 other Internet companies. Since its establishment, the company has become one of the top VC companies in Silicon Valley in just three years. Aandreessen Horowitz is to Silicon Valley what CAA is to Hollywood. Each of his investments has been very successful, and has also aroused the envy and resentment of many VC companies. They see the future of IPFS and will surely make a fortune in this Internet revolution.

4. What is the application status of IPFS and which companies are planning it?

IPFS has been in practical use for 5 years, and has obtained more than 30 billion copies of valid data. Moreover, the global data doubles every 2 years. Especially with the arrival of 5G, a huge amount of data needs to be stored, and the market potential is huge. At present, it has been applied to varying degrees in various fields. Many Internet giants and digital asset companies such as Microsoft, Google, Firefox, World Wide Web, and ImToken are using the IPFS distributed storage system. Famous Internet companies such as Alibaba, Tencent, JD.com, and Huawei have all deployed IPFS.

In summary, IPFS has such a strong lineup that Filecoin is already a superstar before it is even born. The future value of Filecoin will surpass all known currencies and become the king of the currency circle.