>First of all, Filecoin gave an amazing deal to their buddies.

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>First of all, Filecoin gave an amazing deal to their buddies.

They bought coins at $0.75, sold some 200M coins until the price reached $5; initial market value will be expected to be around ~$15.

>Also, Filecoin is being insanely greedy.

Protocol Labs and Filecoin foundation are keeping 2x the coins that investors will get.

To compare, the ETH genesis sale gave 10% of ETH minted to early contributors and 10% to the Ethereum foundation. 80% was for investors.

In Filecoin’s case, Protocol Labs will receive all the cash PLUS 50% more coins than investors, so 1.5x. A foundation will receive 50% of the amount of coins “minted” by investors. Total: 66.6% to them, 33.3% to you.

Assuming a “small” $250M total raise, Protocol Labs and a foundation would receive, $250M cash, plus $250M-$300M (remember, the discounts?) in tokens.

Also, 70% of the tokens that will ever exist will be mined. This means that the investors are only getting access to 10% of the total supply ever.

As a comparison, Ethereum sold 60,108,506.26 ether at genesis, and today there are 93,775,666.