ICO REVIEW: Files.fm Library (FFM Token) ICO

WHAT IS THE FILES. FM LIBRARY?

File.fm Library is a blockchain-based hybrid data library created and managed by the community and supported by direct micropayment, token incentives, shared traffic and storage. The library seeks to provide space and markets for its users where they can upload their files for future preservation.

The Files.fm library will be created by combining technology and best practices from a centralized and decentralized world. Both types of networks have advantages and disadvantages, so Files.fm will combine both to limit their weaknesses and highlight their facilities.

Bittorrent and other decentralized P2P networks are known to be not very reliable, because any file can become inaccessible at any time and the user interface is usually lacking. While the classic centralized client-server architecture has scalability problems - because the number of users increases, the speed drops but service costs increase.

In the Files.fm platform, P2P is used and interconnected in two main components:

For decentralized file sharing between users, based on a customized P2P Torrent framework and Files.fm functionality;
An independent and direct payment system between partners (seller-buyers) based on blockchain FFM.

P2P file sharing technology is used to ensure system growth, speed, and cost savings - to implement massive file sharing for a large number of fast-growing users to reach this target:

fast download speed;
unlimited traffic;
able to support thousands of users and simultaneous traffic spikes;
reduce service maintenance costs;
independent file exchange.

The Files.fm Library (FFL) project wants to develop an online data storage project by creating a legal and free Files.fm (FFL) Library using a digital file library that provides services to communities where people can easily search, access, and share content that useful online with copyright done right.

Private Opinion About Library Files.fm (FFL)

In my opinion, the Files.fm Library (FFL) project is a revolutionary online data storage project that uses blockchain technology, even though the storage platform supported by the community is still semi-decentralized (according to my personal understanding).

Solutions Offered Files.fm

First of all, Files.fm (FFL) uses P2P networks supported by the community and eliminates their shortcomings:

Enables Internet users to access free and paid content that is useful in an easy and legal way
Give rewards to the authors for their work
Enables community members to receive remuneration for doing useful work to save digital heritage for the sake of current and future internet users

Next, the Files.fm (FFL) will do this by applying:

The storage platform is supported by a decentralized and hybridly distributed community
True and feasible business model
The Blockchain as a transparent and distributed read-only database allows fast and micro payments, saves copyright, useful work is done and distribution gifts

For development, the FFL will use the technical base of the existing Cloud Files.fm storage platform, which was created in 2008 and continues to be improved to date. In existing systems, the FFL has implemented centralized storage, distribution, sales, publishing and distribution of files. In addition, FFL has a beta version which functions to share P2P files and video streaming. The FFL will expand the existing Files.fm system to create FFLs by increasing P2P sharing, adding advanced content analysis, search and blockchain.

Advantages of Files.fm

In my opinion, from the solutions offered, it is clear what benefits community members and writers get.

The advantage of community members is that they receive remuneration for doing work that is useful for storing digital inheritance for internet users now and in the future, while writers will receive prizes for their work or work. This reward is usually in the form of tokens paid by the company.

In addition, Files.fm is also committed so that internet users can access useful and free content that is useful in an easy and legal way.

Potential Files.fm Project in the Future

The Files.fm library will be created by combining technology and best practices from a centralized and decentralized world.

The FFL will use the freemium business model: the service base will be available for free, while special features and premium services will be available at an additional cost. The business model depends on advertising revenue, and users monetize their files that are copyrighted. Users will use the original FFL cryptocurrency (FFM tokens) to exchange values in the FFL system.

When a library platform is developed and published, tokens can be used to obtain disk space, buy files, subscription content or PRO functions, and are traded on the exchange.

By knowing the system adopted and tokens that can be used to subscribe, buy files, can even be displayed on the exchange. I think, the Files.fm project will have the potential power to be at the forefront of legal online data storage.

Conclusion of Project Files. Fm

The FFL will focus seriously on legal issues in file sharing. Files.fm will apply technology to control illegal content and work with content creators. The FFL will use a variety of technologies and techniques to control content, for example, artificial intelligence and community involvement .FFL will follow and comply with laws about publishing content about content creators and content owners. This project will set the FFL as an official library in the EU, US and other regions of the world and will follow relevant laws.

Files.fm Library (FFM Token) ICO

Token: Files.fm Library
Symbol: FFM
Platform: Ethereum
Supply: 10.000.000.000 FFM
Harga: 1 FFM = 0.01 USD
Softcap: $3.000.000 USD
Hardcap: $20.000.000 USD
Tanggal ICO: 26 November 2018 – 25 Februari 2019