How do Siafunds work?

There are a total of 10,000 Siafunds, all of which were generated upon the launch of the Sia software in 2015. All Siafunds were initially held by Nebulous. As of February 8, 2018, Nebulous holds 8,835 Siafunds. The remaining 1,165 Siafunds have been issued to third parties. For this Tokenized Security Offering, Nebulous will be auctioning 750 Siafunds that it holds to qualified investors.

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