Filecoin is a project with great potential. But today its only theory, no platform. And the most bad thing: In history of crypto, this is the most greedy ICO ever been. Did you know that early institutional investors got in for only 75 fuckin cents!!!!
And filecoin only released 10% of coins for public. They now have not only about 250mill USD in cash...they even have x2 the ammount of coins, too.
I cant find any other project in the world with such greed and which is so much overvalued right now. Thats insane.
This thing will be dumped hard. A lot of people who buy in now at this insane price will have a hard time.
Here is a good article about filecoins greed and bad community behavior:
https://tokeneconomy.co/the-analysis-filecoin-doesnt-want-you-to-read-e60d5243f17c70% of the coins will go to the miners as rewards, so it's fair to say 80% of the coins are for the public. A lot of projects are built on IPFS with many more to come, Filecoin's success will be intrinsically tied to IPFS usage.