I just realized, I'm severely confused about what Filecoin is, and possibly ICOs in general. I assumed "ICO" was analogous to IPO. If a token is essentially a bearer share that is coupled to the payment system. No reason you couldn't create the coin, run it privately until you get some revenue, and then offer it, as IPOs are usually done.
But when I search Filecoin's website for "revenue" and "profit", I only see references to the participants in the system, and not the token holders.
I did a quick search of the top 5 tokens on https://coinmarketcap.com/tokens/ and I'm not immediately finding any clear statements on how profit is made and distributed.
A question for people who are better informed, is there any kind of list or tracking on tokens payouts? Something like this (https://arxiv.org/abs/1703.03779# ), but for non-ponzis?
But when I search Filecoin's website for "revenue" and "profit", I only see references to the participants in the system, and not the token holders.
https://www.google.ca/search?q=site%3Afilecoin.io+revenue
https://www.google.ca/search?q=site%3Afilecoin.io+profit
I did a quick search of the top 5 tokens on https://coinmarketcap.com/tokens/ and I'm not immediately finding any clear statements on how profit is made and distributed.
A question for people who are better informed, is there any kind of list or tracking on tokens payouts? Something like this (https://arxiv.org/abs/1703.03779# ), but for non-ponzis?