Filecoin’s Record $257 Million ICO Demonstrates Demand for Compliant Token Sales

[Strategic Coin]

Blockchain data storage project Filecoin concluded its month-long initial coin offering (ICO) last week, raising a record-setting $257 million from accredited investors.

The San Francisco-based startup aims to disrupt the cloud storage industry by providing a cheaper alternative that cuts costs by harnessing unused data center and computer hard drive storage space to build a decentralized, blockchain-based storage network. Customers will purchase hard drive space using Filecoin tokens, and users will earn tokens–which can be traded for other cryptocurrencies such as bitcoin and ether–by contributing their unused hard drive space to the network.

READ MORE HERE: http://strategiccoin.com/filecoins-record-257-million-ico-demonstrates-demand-compliant-token-sales/

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[Hyperme.sh]

Any token sale even if securities compliant or not (and if not locked for 3 years on the decentralized ledger for everyone) can never be legal to trade on unregistered exchanges nor traded decentralized. This is analysed in more detail.

Filecoin’s SAFT was discussed previously.

What we have is a situation where investors don’t understand the facts (thus go bananas over what they’re misinformed to think is “compliant”) and soon I (along with others) will be explaining to them to facts and offering them an option which doesn’t have these flaws. I want to solidify my understanding of these issues. I hope to talk to some more experts in the field soon.