Filecoin is a decentralized storage network that turns cloud storage into an algorithmic market. The market runs on a blockchain with a native protocol token (also called “Filecoin”), which miners earn by providing storage to clients. Conversely, clients spend Filecoin hiring miners to store or distribute data. Filecoin miners compete to mine blocks with sizable rewards, but Filecoin mining power is proportional to active storage, which directly provides a useful service to clients.

Team:

Protocol Labs:   

Filecoin will be holding its ICO on August 10, 2017. The ICO token supply represents 10% of the total token supply. The ICO funding cap is  ​200,000,000 FIL. (More information on the ICO details coming soon)

Token Reserve Split (90%):

• 70% Filecoin Miners;
• 15% Protocol Labs;
• 05% Filecoin Foundation;

Documents:

• Filecoin Primer
• Sale Economics
• How to Invest in Filecoin
• Filecoin Whitepaper
• Research Roadmap 2017
• Proof of Replication
• SAFT
• Private Placement Memorandum