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Files.fm Library (FFM)

ICO

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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Overview

Project industryInternet & Telecommunications
Product typePlatform
FoundedUnited Kingdom

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:

  • Enable Internet users to access useful free and paid content in an easy and legal way
  • Reward authors for their work
  • Enable community members to receive remuneration for doing useful work to store digital heritage for the sake of current and future Internet users
  • We will do that by implementing:

  • Scalable hybrid-decentralized community supported storage platform
  • Correct and viable business model
  • Blockchain as a distributed, transparent read-only database to enable fast and micro payments, store copyrights, useful work done and reward distribution
  • 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:

  • We have more than 10 years of extensive experience of developing and supporting large scale storage systems. For some of the core development team members – ever since BBS and the nineties
  • We have a working https://files.fm cloud file storage platform to build on
  • We have desktop and mobile apps that can be expanded to the P2P network
  • We have a monthly web userbase of about 1,7M users
  • We want this to happen and already have some P2P components working
  • Details

    Public sales: Mar 01, 2019 - Jun 01, 2019
    Total tokens for sale: 1,200,000,000 FFM
    Soft cap: 1,000,000 USD
    Hard cap: 10,000,000 USD

    Legal

    Blockchain Platform: Ethereum
    Registration country: United Kingdom
    Office address:
    Files.fm Limited
    New Horizon Building 3 1/2 Miles Philip S. W. Goldson Highway Belize City, Belize
    Company Number: 172788

    Files.fm Ltd
    The Innovation Centre Sci-Tech Daresbury Keckwick Lane Daresbury WA4 4FS, UK
    Company Number: 11369548

    Files.fm Ltd
    Stabu 119, Riga, Latvia, LV-1009 EU VAT: LV40003962231
    Reg. No: 40003962231

    Token info

    Ticker: FFM
    Type: Utility-token
    Token standard: ERC777/ERC20
    Token price in USD: 1 FFM = 0.01 USD
    Accepted currencies: ETH, BTC, Fiat

    Offices on the map

    Files.fm Library Roadmap

    1
    2008 – 2011

    Development started, launch of free Files.fm file sharing service, storage and embedding features

    2
    2013

    Introduced BitTorrent support and P2P file download

    3
    2014

    Implementation of paid Pro and Business accounts

    4
    2015

    Increased share capital to $1.2M, pivoting several use cases

    5
    2016

    Launched digital file selling functionality and private encrypted backups

    6
    2017

    Introduced P2P file download in WebTorrent implementation. Server infrastructure update.

    7
    2018

    Work on the Library project, tokens and ICO crowdsale funding campaign

    8
    2018.Q4

  • Pushing a new version of Files.fm web design
  • Crowdsale ERC20 token deployment, Public sale
  • Files.fm private storage usage with tokens
  • 9
    2019

  • Storage consumption model (versus fiat subscription model)
  • Library prototype development
  • Content gathering
  • Closed beta access version to token owners
  • Web P2P functionality stabilization
  • Closed alpha release - MVP of the Library
  • Private blockchain
  • Listing token on the crypto exchanges
  • Desktop nodes
  • 10
    2020 – 2023

  • Reward mechanism advancements based on empirical results
  • Feature support and bug fixes
  • Advanced functionality - machine learning, content recognition, monitoring
  • Search engine R&D
  • Blockchain advancements
  • Community support
  • Marketing
  • Project team

    Janis Viklis
    Janis Viklis
    CEO
    Janis Viklis linkedin
    Madara Paegle
    Madara Paegle
    CTO
    Madara Paegle linkedin
    Pauls Sondors
    Pauls Sondors
    CFO
    Pauls Sondors linkedin
    Janis Lamsters
    Janis Lamsters
    COO
    Janis Lamsters linkedin
    Anatoly Ressin
    Anatoly Ressin
    Smart Contracts
    Anatoly Ressin linkedin
    Janis Upmanis
    Janis Upmanis
    Senior Developer
    Janis Upmanis linkedin
    Kristine Vikle
    Kristine Vikle
    Legal
    Kristine Vikle linkedin
    Daiga Goba
    Daiga Goba
    Chief Accountant
    Rihards Strenga
    Rihards Strenga
    Investor Relations
    Elina Plume
    Elina Plume
    Research Officer
    Elina Plume linkedin
    Agija Rumpe
    Agija Rumpe
    Marketing Manager
    Agija Rumpe linkedin
    Seung-Hoon Cha
    Seung-Hoon Cha
    Community Manager of Korea
    Tony Hughes
    Tony Hughes
    SMM Manager
    Tony Hughes linkedin
    Ilmars Bluzmanis
    Ilmars Bluzmanis
    Programmer
    Ilmars Bluzmanis linkedin
    Ahmad Dewanto
    Ahmad Dewanto
    Bounty Manager
    Ahmad Dewanto linkedin
    Aivars Lipenitis
    Aivars Lipenitis
    Partnership Manager
    Aivars Lipenitis linkedin
    Andis Zeidmanis
    Andis Zeidmanis
    Investor Relations
    Elina Eiduka
    Elina Eiduka
    Marketing Specialist
    Elina Eiduka linkedin
    Martins Mangulis
    Martins Mangulis
    IT Support Manager
    Martins Mangulis linkedin
    Ingus Viklis
    Ingus Viklis
    Marketing Specialist
    Ingus Viklis linkedin

    Advisors

    Tom Collingwood
    Tom Collingwood
    Blockchain Technical Specialist at STFC Hartree Centre
    Tom Collingwood linkedin
    Tom Kirkham
    Tom Kirkham
    Business Development at Hartree Centre
    Tom Kirkham linkedin
    Martins Lama
    Martins Lama
    Chairman of the Board at Sensum Grupa AS and UGN AS
    Martins Lama linkedin
    Dimitar Dinev
    Dimitar Dinev
    Crypto Exchange, Blockchain Advisor, VC investments
    Dimitar Dinev linkedin

    Social media

    Files.fm Library web-siteFiles.fm Library RedditFiles.fm Library MediumFiles.fm Library TelegramFiles.fm Library BTCTalkFiles.fm Library TwitterFiles.fm Library FacebookFiles.fm Library Github

    MVP

    MVP URL

    User rating:

    5/5 ( 1 )
    0

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