Filecoin’s ICO Shatters Records by Raising Nearly $200 Million in Just 1 Hour

futurism.com

Filecoin's ICO has been very controversial and a great example of the current ICO madness. It's uncapped, which means there is no limit to the funds they can get. There are no public smart contracts for the ICO as it's standard (in this case, you trust them blindly and send them directly the money). And they did a $53M pre-sale with 100 supposedly advisors at $0.53/token (ICO's price varies between $2.6 and $5). But despite this, they have raised $253 Million in one hour!

It's also interesting to read about the SAFT (Simple Agreement for Future Token) they have created, modeled after Y Combinator's SAFE (Simple Agreement for Future Equity).

Read more...
Linkedin

Want to receive more content like this in your inbox?