Filecoin developers have clashed with equity investors over the distribution of tokens, or delayed Filecoin's launch

BlockBeats (Axios) -- Filecoin developer Protocol Labs has clashed with equity investors over token distribution, according to a report released By Axios on Aug. 18. Filecoin had about $205 million in token sales in 2017. Not all equity investors are said to be involved in token sales. Protocol Labs keeps a certain percentage of tokens, which in theory would be the accumulation of value for equity investors.

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But Axios said multiple sources revealed that a large portion of the remaining tokens were distributed unilaterally by CEO Juan Batiz-Benet to himself and early employees for less than a cent. No tokens were distributed to shareholders, the source said.

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Protocol Labs is understood to have reached a settlement with a majority of equity investors in the past week. It is unclear whether all investors will embrace the solution.

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Text link:https://www.axios.com

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