The 2017 crypto ICO that raised $200m in 60 minutes is finally launching
BTC $11,504 (+1.1%) • ETH $378 (+0.6%) • XRP $0.246 (-1.1%)
Those that were around in 2017 and 2018 likely remember the name Filecoin. Launched in late 2017, the protocol was branded as a payment system that would use blockchain technology to store and retrieve data.
As esoteric as it may sound, the concept gained much traction in the crypto-asset space. It garnered so much traction, in fact, that it raised $200 million from accredited investors in the span of sixty minutes. Retail investors with Bitcoin and Ethereum could not participate in that sale.
Filecoin was so popular at the time that it managed to sell coins to legendary venture capital companies like Sequoia Capital, Andreessen Horowitz, and Union Square Ventures.
But in the three years that followed this rapid sale, Filecoin went quiet. The project became somewhat of a relic lost to memory. This writer, for one, forgot that the project existed until only recently, when it began picking up steam as its launch neared.
At long last, Filecoin is here. The project is set to launch shortly.
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Featured event
Virtual Blockchain Conference BlockDown is back for a third edition this Halloween (Oct. 22-23) with a host of the blockchain world’s biggest and brightest stars lined up to deliver ground-breaking keynotes and spark informed and fierce debate on the industry.
Whilst the virtual conference space has been saturated in recent months, BlockDown Conference has consistently delivered the best content and is a must for any avid crypto enthusiast.
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