The Protocol Labs, the company behind Filecoin, and investors in the decentralized data-storage platform have begun talks over token distribution. Axios reports on the behind-the-scenes debates that could affect the project’s timeline.
The developers of Filecoin, since 2014, have received early-stage investments in seed rounds from BlueYard Capital, Digital Currency Group, Union Square Ventures, and Winklevoss Capital. Financing was provided without obligations to issue Filecoin tokens. In 2017 the project raised $257 million in an ICO, in which some of the investors named participated.
According to Axios, Protocol Labs retained a portion of the token issuance that could have been distributed among early investors. However, a larger portion was unilaterally transferred to the CEO Juan Batiz-Benet for himself and to early employees at less than £0.01 each. Sources said that such distributions continued in subsequent years.
A Axios believes that disagreements over the token sale could have caused the delay in launching the final phase of Filecoin’s testing. According to the project’s roadmap, the mainnet launch window has now shifted from September 7 to September 21.
“I don’t think Juan acted maliciously; he truly believes in Filecoin’s success, but he was young and naïve,” said Brian Mosoff, CEO of Ether Capital, one of the project’s investors.
https://forklog.com/chto-takoe-filecoin/
In July, mining hardware sales for Filecoin began in China ahead of the mainnet launch.
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