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Topic: $257 Million: Filecoin Breaks All-Time Record for ICO Funding - page 3. (Read 1870 times)

legendary
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Are the bans and warnings on ICOs gravely serious? If it is, then why are the known venture capitalists like Sequoia Capital and Andreessen Horowitz still investing millions in ICOs?

Is the Chinese, Russian, US governments and others giving these warnings because they are scared people can fund themselves without their permission and authority?



Filecoin's ICO, which began on August 10, quickly garnered millions in investment via CoinList, a joint project between Filecoin developer Protocol Labs and startup investment platform AngelList. That launch day was notable both for the large influx of purchases of Simple Agreements for Future Tokens, or SAFTs (effectively claims on tokens once the Filecoin network goes live), as well as the technology issues that quickly sprouted as accredited investors swamped the CoinList website.

Today, the ICO ended with approximately $205.8 million raised, a figure that adds to the $52 million collected in a presale that included Sequoia Capital, Andreessen Horowitz and Union Square Ventures, among others.


Read the full article https://www.coindesk.com/257-million-filecoin-breaks-time-record-ico-funding/
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