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.
Nothing is totally broken, but internet users would benefit from open, community supported decentralized systems and free access to useful information. Any initiative , like Wikipedia, that is democratic and serves the interests of society for common good rather than the ind ividuals is desirable.
In the currently existing online file sharing service field we see three main problems: non - competitive 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.
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Blockchain Consultant, Advisor. ICO, STO. Founder at Crypto Consulting and Investments LTD. Rated on Feb 20, 2019
5
4
4
21%
This is a good and original idea in an area that can make use of blockchain technology. The team is good in terms of quality and quantity, and the whitepaper looks solid. I look forward to seeing this one taking shape.
Founder of Promethean Dynamics | Blockchain Advisory Council | Union of Crypto Advisors | Bitnation Ambassador | ICO Advisor | STO Advisor Rated on Feb 13, 2019 Modified on Feb 13, 2019
5
5
4
15%
This is a really awesome concept, I like the blockchain use case and team seems to be experienced and capable.
An incentivized peer to peer, decentralized network. Would really like to see this project take shape.
Janis ViklisICO team member replied on 15 Feb 2019
Thanks!
Some top general questions we are asked to clarify:
1) We run Token crowdsale to crowdfund Files.fm Library in 2019
2) We sell Files.fm tokens for $0.01 each
3) Tokens are backed by Files.fm storage infrastructure (1FFM = 100MB)
4) Storage is Private Files.fm storage (not on Library)
5) Permanent (Lifetime) storage is a LIMITED crowdsale offer to crowdfunders
6) It will be possible to freely sell tokens via the crypto exchange
FFM token is a digital crypto currency, that gives you rights to use Files.fm infrastructure - private cloud storage, if you hold them in your wallet. Blockchain and token will have future use cases on the Library.
More info in the Library presentation: https://files.fm/f/ndyqx3hn
ICO - STO - DAICO Advisor, Investor Relations, Public Speaker Rated on Feb 12, 2019
4
3
3
14%
Interesting and ambitious project, which aims to combat online piracy in some way, introducing a fairly convenient legal system, exploiting the Blockchain, and with reward system for users.
The team is large and presents various figures that cover more or less all the necessary roles. There are a good number of developers in the team, but despite this, there is very little activity on github, which only reports to a couple of files. Remember that github is the mirror of your project and of the product you want to launch, so you should take care of it a little more carefully, above all with the team of developers you have, you should travel at great speed.
Social and communication channels held very well, updates and daily activities, and also present good community numbers. Even website and whitepaper executed very well and carefully, while the MVP is a bit too synthetic, there are only a couple of functions available, the rest is all preview and info.
in 53 pages of whitepaper, however, I failed to analyze a complete and accurate business plan, as well as a tokenomics. I still do not understand why one has to buy your tokens, and why should hold them. In the distribution, the "reserve fund" is excellent, while the 4% of 10B of token is excessive and it will not please investors very much.
I'm not sure that with the prefixed softcap (1M), if you should only collect that, you could respect the roadmap without alterations, since only a well-prepared blockchain developer can cost about 250K per year.
All in all a good project with a good vision and good team, but that still has to grow on various aspects. I will re-evaluate it soon, to see the updates.
Janis ViklisICO team member replied on 13 Feb 2019
Hi, Iulian! Thanks for taking a look into Files.fm/Library. Some comments to clarify details:
Why someone should hold a token?
1) a user will need to have (hold) token, if he will use Files.fm private cloud storage, let's say - for encrypted backups: https://files.fm/backup
2) We will grow the userbase and web visits of the platform. That will increase internal transactions of the business model - storage sales, file content sales, advertisements and pro features. The token supply is limited. So
The growth of the users and transactions should be reflected in the value of the token.
About softcap/crypto developers:
1) we have already created a Files.fm token and integrated into Files.fm
2) the hardcap for the first year of development is $10M
3) In the 2018, we have built most important tech features already. We will advance the platform anyway.
MVP Product demo:
1) here is another demo link, how the platform works, Peer-2-Peer download, and embeddable video/audio Player:
https://files.fm/u/demo
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From 30% bonus for the first 30 days (decreases by 1% each day) and additional 1% bonus for each 100,000$ collected during the crowdsale.
1TB lifetime private storage for 10,000 FFM bought.
Tokens for sale
1,200,000,000
Investment info
Min. investment
100 USD
Accepting
ETH, BTC, Fiat
Distributed in ICO
12%
Soft cap
1,000,000 USD
Hard cap
10,000,000 USD
Milestones
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
Q4 2018
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 stabilizatio;
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.
