Files.fm Library (FFM) ICO
Ongoing ICOMar 01, 2019 – Jun 01, 2019
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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|Project industry||Internet & Telecommunications|
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:
ICO DetailsTotal tokens for sale: 1,200,000,000 FFM
Soft cap: 1,000,000 USD
Hard cap: 10,000,000 USD
LegalICO Platform: Ethereum
Registration country: United Kingdom
New Horizon Building 3 1/2 Miles Philip S. W. Goldson Highway Belize City, Belize
Company Number: 172788
The Innovation Centre Sci-Tech Daresbury Keckwick Lane Daresbury WA4 4FS, UK
Company Number: 11369548
Stabu 119, Riga, Latvia, LV-1009 EU VAT: LV40003962231
Reg. No: 40003962231
Token infoTicker: FFM
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 (FFM) ICO Roadmap
Development started, launch of free Files.fm file sharing service, storage and embedding features
Introduced BitTorrent support and P2P file download
Implementation of paid Pro and Business accounts
Increased share capital to $1.2M, pivoting several use cases
Launched digital file selling functionality and private encrypted backups
Introduced P2P file download in WebTorrent implementation. Server infrastructure update.
Work on the Library project, tokens and ICO crowdsale funding campaign
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