Token details and sale economics

Filecoin Sale Details — Now Live on CoinList!

First off, I want to thank our amazing community for being so creative, and so overwhelmingly supportive in this time. I want to personally send a huge “Thank You!” to everyone working hard to make the Filecoin Network a reality: our team, our advisors, our investors, our lawyers, and all of our supporters worldwide. We have seen an outpouring of excitement and support in this critical time. In the last couple of weeks I’ve had the luck of connecting with hundreds of you and I’m deeply humbled and grateful for all your attention, your support, and your excitement. It is amazing for me — having dreamed of this project for years — to see this level of engagement and response. It is amazing to me to see thousands of people gearing up to mine Filecoin. Thank you!Second, I want to personally say “I’m sorry” to all of the people frustrated by the accreditation requirements for participation. I want to make it abundantly clear here that we are under severe legal restrictions and — though we wish we could make our upcoming token sale as broad as we possibly can — we cannot offer it to everybody. Unfortunately, we are restricted to only sell to accredited investors (Reg. D, 506(c) offering, see the legal documents). But please note that investors from all over the world are welcome to invest. We believe the CoinList platform will make it much easier for investors to participate in token sales, which helps broaden the investor base some more.

Today, we have a number of interesting announcements to make.

First, the Filecoin page is now open on CoinList! This page is the jumping off point for the Filecoin Token Sale. It includes an overview of the Network and the project, collects all the documents related to Filecoin and the token sale, and lists recent news articles. Once the token sale starts, investments will be made through this web page, and a graph of the sale progress will appear.Second, we are releasing two key sale details documents, available on the Filecoin Token Sale page and below:

Filecoin Sale EconomicsA PDF document that describes:

  • Token allocation

  • Dynamic pricing

  • Vesting

  • Discounts

How to InvestA walkthrough of CoinList, including:

  • Instructions

  • Screenshots

  • How to complete payment (with USD or crypto)

New blog post with additional details

All of these updates, and more — including notes on advisor sale, video leak, additional documents (the SAFT and PPM), good news for people who wish to invest but do not meet accreditation status — are covered in our latest blog post.

We look forward to sharing more news and updates during this coming week! For the latest updates, please sign up for our mailing list and follow @MineFilecoin on Twitter, and prepare for the sale:

Thank you, Juan BenetFounder, Protocol Labs

Preparing to Invest

The sale opens Monday, August 7th. That is in 7 days! Here’s how you can start preparing today:

  1. Register on CoinList for access to the sale and latest announcements.

  2. Complete accredited investor and identity (KYC/AML) checks. Please submit these details by Thursday, August 3 to be prioritized for review. After that date we will do our best to review submissions quickly, but may not be able to complete reviews before the token sale begins on August 7.

  3. Prepare your funds in an AngelList investor account or cryptocurrency wallet. See "How to Invest" for more details.

  4. Read the sale documents thoroughly, and email us with any questions at [email protected].

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