Files.fm Community powered Library

 

Files.fm Library to Set New Standards for Digital File Libraries

https://files.fm/library/

 files.fm  provides fast cloud storage and file sharing solutions for users to store, share, publish or sell files! 

 In this digital age, people have an astonishing amount of files on their  computers, a large portion of which could be useful to others. However,  currently, there is no unified platform where people could upload these  files for others to find and use. They could be uploaded to personal  websites or cloud storage, but most people will never find them. On the  other hand, existing digital libraries only accept vetted content that  fits their quality standards. Files.fm is creating the Files.fm Library  (FFL) in order to allow anyone to upload useful files for everyone to  find and access, while the users will be rewarded with FFM tokens for  their beneficial actions. 

Video

 FFL will be free to use hybrid-decentralized data library, built and  maintained through the collective efforts of the community. FFL aims to  provide space for anyone to upload their files for future preservation,  and by adding correct metatags any file in the database can be easily  found and accessed. It will store both copyright-free files available  for everyone and copyrighted files that users will be able to buy. All  IP content will be logged on blockchain and users will decide about file  or tag quality by reaching consensus on the blockchain. 

Files.fm has a distinct advantage for creating a project of such a  massive scale – they have operated in the cloud file storage field for  more than ten years. The current Files.fm platform has already attracted  more than 750,000 registered users and almost 2 million unique monthly  visitors. The company has developed the sharing platform, back-up  solution, file module transfer for printing companies, ability for users  to sell files via their platform and is currently testing large-scale  P2P hybrid-decentralized content streaming. 

 Currently, there are several existing public digital file storages,  but they are strictly divided into copyright-free and copyrighted. FFL  aims to bridge this gap by creating a single unified platform that will  ensure correct copyrights and give the profits directly to the copyright  holders. This service hopes to create a more accessible future, where  people won’t have to switch between numerous separate websites or apps  to find and access the files they need. Instead, all of them will be  available in this one unified platform. 

FFL will be hybrid-decentralized, which means it will use combined  centralized servers and decentralized P2P web user network for file  storage and traffic. This is done to solve the biggest individual  problems these two networks have: for centralized servers, slower  download speed and potential crashes or downtime due to large traffic;  for P2P networks, lack of seeders for specific files. FFL uses  hybrid-decentralized technology to ensure fast download and upload  speeds and the file remaining accessible even if the server goes down or  there are no peers. In addition, the use of P2P networks reduces the  costs of servers, therefore making the service free for everyone. To  make file accessibility more convenient, FFL users will be able to watch  videos straight from the website using hybrid-decentralized streaming  technology. 

However, a single service can only do so much. If FFL moderators were  the only ones responsible for uploading and tagging the files, it would  take countless man-hours and the process would be long and exhausting.  This is why FFL will rely on community submissions and edits. It will  reward the editors with tokens that can later be exchanged for  copyrighted materials, such as movies, TV shows, books, music. This is  done to create a thriving ecosystem where users will upload, tag and  seed files in exchange for the opportunity to later watch movies or read  books for free. 

https://files.fm/library/

 In a way, files.fm is attempting to solve the free-rider problem that is  so prevalent in P2P networks – that users download what they need and  close the service without seeding the file for others. It aims to incentivize people to commit their resources by rewarding them with free  products in a legal way and more conveniently that most other existing  alternatives. 

https://files.fm/library/

 

Token utility and application in the ecosystem

Files.fm service users will use FFL’s native cryptocurrency -  FFL Tokens-for value exchange in the FFL system. FFL will also use  Tokens for initial crowdsale and fund raising – ICO  campaign, to support the Library, platform and community development. 

“Why do we need tokens” or targets that we want to achieve with tokens and blockchain:

1. To enable and implement community reward system 

2. To enable small micro payments in the system (under 1$) 

3. To reduce payment’s settlement commission fee (versus creditcard 3% + 0.30) 

4. To enable free trade of the tokens on the crypto exchange without Files.fm in a middle 

5. To be transparent about token transactions, model and payments to authors 

FFL Token implementation and crowdsale funding (ICO) Files.fm has  issuedits own Files.fm token with a ticker FFL, for the purpose of  crowdsale and integration in the Files.fm platform. The token is based  on ERC20 Ethereum technology, an open source, blockchain - based distributed computing platform with smart contracts.  These cryptographically secure smart contracts are stateful applications  stored in the Ethereum blockchain, fully capable of enforcing planned transactions. The FFL token It will be used as a native currency by the  FFL users to pay for the FFL’s special services and will be received for  useful work(mined) in the FFLsystem. The FFL Token is a utility token,  issued in a fixed supply with an annual inflation – based on useful work  done by the community (aka “mining”). 

 To collect resources for the FFL system’s development, FFL is planning  to launch a token crowdsale in Q4 2018. The token sale will use an  Ethereum (ERC777/ERC20) token and it will be converted 1:1 to the native FFL Token after the FFL private blockchain’s development. Token’s  public sale smart contract will be close to utility token functionality,  so it can be used straight away in the product, if needed. 

 Product token is planned to be implemented via Files.fm private  Ethereum blockchain leveraging Plasma technology, smart contracts and  Raiden Payment channels. The private blockchain’s main purpose is to have a fast and costless payments/transactions within the Files.fm ecosysem (to  overcome the bottleneck of the ETH). The connection to Ethereum mainnet  will be paid by Files.fm 

 For the users, who don’t have ETH wallets, we will provide option to  generate one via web. We plan to support existing hardware wallets like  Trezor/Ledger as well. The total supply of native FFL Tokens will equal  10 billion. That is equal to 100PB of storage in 5 years + value of  useful work, content and platform. During the initial stage of the FFL  system’s development, 64% of the entire token supply will be locked for  the future purposes divided in several parts - open reserve; critical  reserve. This is for the future community and eco system support, next  investment rounds, lack of tokens and to maintain flexibility at the  early stages of the evolution of the system. But to give the sense of  the projected overall roadmap for 5 years. First, unlocked 20% of tokens  will be sold in a private and a public sale during the ICO campaign,  while the rest 16% will be reserved for the development team, advisors  and bounty for a 5 -year period 

https://files.fm/library/

  #FilesfmLibrary #library #storage #crowdfunding #blockchain 

 Contacts

Website: https://files.fm/library/

Whitepaper: https://files.fm/f/952tqfun

Telegram: https://t.me/filesfm

Twitter: https://twitter.com/files_fm

Facebook: https://www.facebook.com/Filesfm/

Bitcointalk: https://bitcointalk.org/index.php?topic=4949343.0

Reddit: https://www.reddit.com/r/filesfm/

Medium: https://medium.com/@files.fm

my ETH  0x030a1981763aA40Ac0d38529fBdF91E4aa11C80d