The $257 Million Cryptocurrency that Wants to Upend Cloud Data Storage is Almost

[SuperBazooka]

The $257 Million Cryptocurrency that Wants to Upend Cloud Data Storage is Almost Ready to Go Live
Filecoin, a decentralized storage network that turns cloud storage into an algorithmic market monetized through cryptocurrency, has announced that it will go public within the coming months.

Filecoin prepares for liftoff
This announcement is contained in a blog post by the company, in which it stated that, having passed the critical period when it needed to have the codebase private, the project is now quickly reaching a point where the implementation would benefit more from being public.

In a successful ICO that ran through August and September 2017, Filecoin raised an outstanding $257 million dollars and has since been involved in developing the project whose market will run on a blockchain with a native cryptocurrency (also called “Filecoin”), which miners earn by providing storage to clients.

As contained in the project’s whitepaper, clients on the platform will spend Filecoin tokens to store or distribute data. The miners in this case, who engage in active storage consequently earn rewards. Just like in Bitcoin mining, this is also a competitive process, but in this case mining power is proportional to active storage which directly provides the required services for clients.
https://www.ccn.com/257-million-filecoin-prepares-for-impending-launch/

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[EveningRock]

Filecoin, a decentralized stockpiling system that transforms distributed storage into an algorithmic market adapted through cryptographic money, has declared that it will open up to the world inside the coming months.

[farhiamunni]

File coins to a decentralized storage network. Till the September 2017 it has managed $257 million dollar. It has reached a point when private is required. People will benefit more from the Filecoin network I hope.

[Vikingkong]

With the pivotal requirement for a protected and effective information stockpiling framework, blockchain gives the road to assemble a decentralized system where information proprietors can easily accomplish their objectives in a boosted biological community.

[BigSheep]

This declaration is contained in a blog entry by the organization, in which it expressed that, having passed the basic time frame when it needed the codebase private; the undertaking is presently rapidly achieving a point where the usage would profit more from being open.

[Nightingale2]

This is a very big step for the filecoin. They have been in the dominating the market since their entrance to the market. Now with this cloud storage service they will surely create more facilities to the users

[Barrycuda7]

well I have to admit that it is a very high rate and amount of crypto currency market to deal with so yes we should think about it extra security and of coruse all the market updates about this recent updates

[Cybora9]

it is very good news that in 2017, Filecoin raised an outstanding $257 million dollars. it will be doing something good in future because it is also decentralized storage network. it will provide the required services for clients.

[mattcerna16]

We'll have to see how it does. Seems to be a lot of cryptocurrencies based on cloud storage, none of them have gained adoption yet.

[cryptoking252]

In 2017, Filecoin raised an outstanding $257 million dollars. it is very good for cryptocurrency. it will be doing something good. it will provide the required services for clients. because it is committed to provide better service.

[BitCoinGuy10]

Filecoin are more probable if you analysis last year Filecoin economy graph you will see Filecoin raised an outstanding $257 million dollars. it is very good sign for Filecoin. it is also decentralized storage network. its future more bright.

[ce7mee]

There are lots of storage providers available in the market. But i like the feature hard drive decoupling about filecoin. I hope they will do as they have promised in planning.

[kevoh]

In 2017, Filecoin raised an outstanding $257 million dollars. it is very good for cryptocurrency. it will be doing something good. it will provide the required services for clients. because it is committed to provide better service.

That was 2017 when ICOs were still the have of the moment, I doubt if filecoin will be able to raise a quarter of that amount the same period in 2018!

[makemininggreatagain]

hard to believe any block chain related cloud file storage can find success, but best of luck to their team.  Having dove into Siacoin and their file storage concept for blockchain, burned enough to see that its just not the right use of the technology.

[RadiontLoss]

It is great news that Filecoin which is a decentralized storage network is becoming public soon. I am hopeful that people will be much more benefited if it goes public. It has already done an outstanding job by raising such a big amount. Hope they will do even better in coming days.

[btcscal]

They have wonderful team. I hope they will provide something different in this market of tough competition. I think if they are going to fulfill the promises they are going to be successful.

[ShakingCoin]

If it is open for public then it will be great for us and this will be helpful for us based on this platform will play an important role in our market which make our work more easy and we can also store and distribute our data also.

[Tallay]

I have dig about Filecoin for some times. I think they have a wonderful vision which can be able to attract people to participate here. But i think they have some lacking in ICO profile building and they should fix it.

[Lisedc]

Having this open for the public is a good news indeed for all for of us. This platform will play a vital part in making our work even more easier, where we will get to store and distribute our data.

[robertcross07]

This is a good thing for the investors and for the miners. Now that the people are getting an opportunity to use this platform, since it is open for the public this will make the market more popular now.

[enellf]

Filecon has had a very good image strength and if we do get the chance to have it for usage, it will be a good thing for us indeed. It will enable us to store and distribute the tokens, which seems like a good feature to have.

[sentoy]

the good news from cryptocurrency is very encouraging because in 2017 a good start and continues to increase and the achievement of storage of up to $ 275 million is what all bitcoin clients need so everything is open to users and all the starting points for the rise of bitcoin.

[Hourpre]

I have heard of filecoin a lot. There was a lot of hype around this coin during its ICO. Since they are planning to go public, I guess they have been performing very well. I hope their IPO will attract more investors in the crypto market too.

[BarnabyETH]

Getting paid for your unused storage is really great. It’s like making money with zero effort. They have recently launched a new whitepaper so be sure to check it out. I tried mining filecoin and it’s easy. For a better payout you would need a huge amount of storage. Besides, it doesn’t require huge amount of power to mine like bitcoin.

[SlashEject]

It's great to know that an ICO is doing good and after a lot of hardship, they are going to achieve what they wanted to do. I really wish all of the ICO can make their visuality into a reality.

[bellamente]

1 coin will have a value of $ 257 million?

Only a few people can afford to buy it for themselves. How do you think this project will be popular?) I have very big doubts

[Aleshia696]

Filecoin is a storage network based on decentralized way. And it turns cloud storage into an algorithmic market monetized through cryptocurrency. It has announced it will come in next month. It's really a good news and hope that all of us will benefit.

[Adyle]

After reading so many articles about scammers all of the places it gives me much pleasure of knowing some sort of ICO is doing good and fulfilling their vision as per the time being. I hope this will turn out to be an effective one.

[crazybtclover]

I didn't know much of this decentralized network ICO Filecoin before I learned about its extreme hype in the market. It is very new in the market having many types of pros and cons. Filecoin should compete with hard to stand in the cloudstorage market.

[earnetheasy]

Filecoin will face some real challenges such as the first launch will create a good scenario but when the second sell happens the amount will be big which will make eventually a great price diversion which makes hard to get short-term investors.

[salinaangel]

Though this Filecoin created a good hype in the market, the stat. says the interest rate for buying it is below 30% and it makes harder to stay in the market where others are present. If it provides new features to the users it might be possible.

[Aleshia696]

Its a great news I am glad finally it is happening. Hope so it will be bring something more in cryprtocurrency. The cloud storage is increasing its a great advantage for the user. It will be work better.