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:

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 reason why blockchain payments are applied:

The level of transparency and independence provided by the blockchain;
All transactions, sales, and licenses are registered with the public ledger and change without change;
We want to use tokens as digital currencies that can be exchanged independently;
FFM tokens will allow users, actors, customers and makers to become part of the economy and platform value;
Crypto token transactions will be cheaper than credit cards and will allow direct and fast payments internally, to avoid the “standard 3% + 0.30” commission, which in turn allows users to implement and implement micro payments;
Simple Value Flow: One application token in the product will be the sale of files, without involving the current payment gateway that is heavy / slow.

Benefits of Files.fm

Platform Files.fm allows developers to build rich and rich cross platform applications.
This platform allows zero usage costs for existing infrastructure.
This network provides peer-to-peer networks and server to server.
The core application built on a friend’s workspace allows users to design and use their cloud infrastructure.
Components have been tested by the user.

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

P2P and decentralized applications

The main problem with classic client-server architecture: when the number of users increases, the speed drops but the service costs increase.

P2P technology is needed to ensure system growth, speed and cost effectiveness – to implement massive file sharing for a large number of users and grow fast while achieving this target: