Files.fm Library (FFM)

Files.fm Library is a blockchain-based peer-to-peer library for useful free and paid content that will provide one single place to publish and preserve useful files of all types. Using this platform, anyone can publish files that they think have some value. These files will be stored on a hybrid-decentralized network to ensure fast download speed and uninterrupted access to files, even if there are no seeders online or the main servers go down. Users will be able to receive tokens for useful work – uploading, sorting, tagging files – and will be able to spend them on legally buying copyrighted files, increasing private storage space or exchanging them for other extra services.

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What is Files.fm Library

In the currently existing online file sharing service field we see three main problems: noncompetitive legal alternatives for illegal file sharing, insufficient data preservation for future generations and limited free to use file sharing. As a solution to these problems we want to create Files.fm Library (FFL) – legal and free to use digital file library that provides the service for society where people can conveniently search, access and share useful content online with copyrights done right.

By creating FFL we want to enable the magnificent usefulness of community supported P2P networks and eliminate their shortcomings:

We will do that by implementing:

For FFL development we are going to use the technical base of our existing system Files.fm cloud storage platform that we created in 2008 and have been continuously improving until nowadays. In the existing system we have already implemented centralized file storing, sharing, selling, publishing and distribution. In addition to that we already have a working beta version of P2P file sharing and video streaming. We will expand the existing Files.fm system to create FFL by improving the P2P sharing, adding advanced content analysis, search and blockchain.

Files.fm Library will be created by joining the best technologies and practices from both centralized and decentralized worlds.

FFL will use freemium business model: the base of the service will be available free of charge, while special premium features and services will be available for a fee. Our business model relies on advertisement revenue, as well as users monetizing their copyrighted files. Users will use FFL’s native cryptocurrency - FFM tokens - for value exchange in the FFL system.

FFL will also use tokens for initial crowdsale and fund raising (ICO), giving instant token utility – 1TB of permanent private Files.fm storage for each 10000 tokens.

When the library platform is developed and published, tokens can be used to get disk space, purchase files, subscription content or PRO functionality, and traded on exchanges.

First, we will publish closed beta version of the Library, and only community token owners will have the access to it.

The total supply of native FFM tokens will equal 10 billion, we will release tokens along the way as the platform, content and community grows.

We are confident that we will succeed in creating Files.fm Library because: