[ANN][UFR][ICO] Upfiring | Incentivized P2P File-Sharing - page 11.

vegaed1

full member

Activity: 406

Merit: 100

Quote from: Cryptelligence on January 07, 2018, 01:10:43 AM

Just invested in Upfiring and I am happy to be a part of your Journey. Just have one question, I see that a coin burn was performed recently, but when looking at your TokenTracker Summary on Etherscan it still shows old supply. Is it normal? Sorry if this question is stupid, I am a total newbie in Ethereum Network.

You should ALWAYS do your research before investing so not a stupid question at all.

It was answered on reddit: https://www.reddit.com/r/Upfiring/comments/7o66ey/has_the_token_burn_happened/

https://etherscan.io/token/0xea097a2b1db00627b2fa17460ad260c016016977#balances

Look at address 0x0000000000000000000000000000000000000000 on etherscan which has 97.0552% of the tokens that were burned.

Cryptelligence

newbie

Activity: 5

Merit: 0

Just invested in Upfiring and I am happy to be a part of your Journey. Just have one question, I see that a coin burn was performed recently, but when looking at your TokenTracker Summary on Etherscan it still shows old supply. Is it normal? Sorry if this question is stupid, I am a total newbie in Ethereum Network.

vegaed1

full member

Activity: 406

Merit: 100

Quote from: smoolae on January 06, 2018, 09:58:37 AM

Quote from: klax on January 05, 2018, 03:47:30 AM

What do you think it will happen if UFR goes to more exchanges, can we see a bigger price increase ?

Trip to outer space Grin

Really, well really low amount of coins in circulation and low entry price...seems like a coin worth taking a look Wink

Absolutely. Nearly 97% of the coins were burned already:

https://www.reddit.com/r/Upfiring/comments/7ck86w/ufr_token_burn_event_on_november_19th_updated/

From 791,000,000 down to 24,000,000 (14,400,000 circulating). Simple math indicates the price will increase drastically with time as apposed to having 791M circulating coins. The dev's stayed true to their word.

temple

hero member

Activity: 1428

Merit: 538

Quote from: vegaed1 on December 16, 2017, 01:49:17 PM

Quote from: temple on December 15, 2017, 10:03:30 AM

Quote from: vegaed1 on December 13, 2017, 06:14:29 PM

Quote from: CoinFarmer on October 10, 2017, 10:29:34 PM

Quote from: Hariz on October 10, 2017, 09:49:25 AM

What is your view around piracy and copyright infringement?
Considering there is money involved, I see potential risk unless the system has a way to tackle it.

We don't support it but we are only the client/protocol - therefore, we don't control what people will share. Any 2 peers can share any files and exchange UFR via the built-in smart contracts.

There will be ways for the community and UFR holders to regulate some of the content in case any inappropriate or copyrighted material is seeded. Some of the details of how this will work can be found in the Whitepaper.

Here was the reply from Dev's on piracy/copyrights.

I would like to add that any concern regarding copyright within a system like Upfiring is very similar to criminal activity within the Bitcoin network. It will be difficult to fight in both cases, and ultimately it's always the case that any largely good system comes with some small evil.

Very true. And that logic can be applied to most things. We had some nice gains today. 70% Cheesy

This is a sleeping giant. Buy it while it's still so low.

Yep, and it's slowly making it's way up to where it belongs. Let's hope they got all the technology sorted out and we are all very fine! Cool

Wekkel

legendary

Activity: 3108

Merit: 1531

yes

UFR is expected to give a further update early February (as read over at Reddit). So there is still time to accumulate, unless UFR hits another big(ger) exchange of course.

smoolae

full member

Activity: 602

Merit: 106

Quote from: klax on January 05, 2018, 03:47:30 AM

What do you think it will happen if UFR goes to more exchanges, can we see a bigger price increase ?

Trip to outer space Grin

Really, well really low amount of coins in circulation and low entry price...seems like a coin worth taking a look Wink

Tator

member

Activity: 228

Merit: 10

How profitable the business is now? And what's the point of crowdfunding it?

klax

full member

Activity: 324

Merit: 100

What do you think it will happen if UFR goes to more exchanges, can we see a bigger price increase ?

yudaiskywalker

newbie

Activity: 37

Merit: 0

let see UFR alpha release,we all will know.

vegaed1

full member

Activity: 406

Merit: 100

Quote from: shivansps on January 02, 2018, 10:51:38 AM

Quote from: Nimanuttnestan on January 02, 2018, 10:38:19 AM

Quote from: vegaed1 on December 29, 2017, 12:20:30 AM

Quote from: CoinFarmer on December 28, 2017, 11:25:21 PM

UFR/BTC and UFR/LTC markets are now officially live on Cryptopia!

https://www.cryptopia.co.nz/Exchange/?market=UFR_BTC

Nice! The price is already increasing with a little more exposure. Grin

So project is investiable but i even don't understand where is innovation.

Innovation is that you will be paid for seeding the files. Isn't it cool enough?

Quote from: badinvesterguy on December 31, 2017, 08:27:25 AM

Is there a github to track progress ?

Damn vTorrent is developing their platform for 2 years and did nothing at all.

So it will be stupid to release their code now as vtorrent for example can steal it because they can't achieve for a years what may be UFR team already ahieved.

Agree. UFR needs to work as fast as possible because other copycats will emerge eventually.

shivansps

hero member

Activity: 1204

Merit: 502

Vave.com - Crypto Casino

Quote from: Nimanuttnestan on January 02, 2018, 10:38:19 AM

Quote from: vegaed1 on December 29, 2017, 12:20:30 AM

Quote from: CoinFarmer on December 28, 2017, 11:25:21 PM

UFR/BTC and UFR/LTC markets are now officially live on Cryptopia!

https://www.cryptopia.co.nz/Exchange/?market=UFR_BTC

Nice! The price is already increasing with a little more exposure. Grin

So project is investiable but i even don't understand where is innovation.

Innovation is that you will be paid for seeding the files. Isn't it cool enough?

Quote from: badinvesterguy on December 31, 2017, 08:27:25 AM

Is there a github to track progress ?

Damn vTorrent is developing their platform for 2 years and did nothing at all.

So it will be stupid to release their code now as vtorrent for example can steal it because they can't achieve for a years what may be UFR team already ahieved.

Nimanuttnestan

newbie

Activity: 24

Merit: 0

Quote from: vegaed1 on December 29, 2017, 12:20:30 AM

Quote from: CoinFarmer on December 28, 2017, 11:25:21 PM

UFR/BTC and UFR/LTC markets are now officially live on Cryptopia!

https://www.cryptopia.co.nz/Exchange/?market=UFR_BTC

Nice! The price is already increasing with a little more exposure. Grin

So project is investiable but i even don't understand where is innovation.

klax

full member

Activity: 324

Merit: 100

Well I hope this will be a long term future and the devs will develop proper the entire application protocols. I have invested some $$$ into this project and only wish I had invested more as it is already rising. Let's see what 2018 will bring.

vegaed1

full member

Activity: 406

Merit: 100

Quote from: CarlosCorreia on December 30, 2017, 10:52:02 PM

Quote from: vegaed1 on December 30, 2017, 09:42:02 PM

Quote from: garfunkel11 on December 30, 2017, 04:22:26 PM

Why is there no info on the team?

Quote from: CoinFarmer on November 07, 2017, 02:30:38 AM

Quote from: 2970566 on November 06, 2017, 07:01:05 AM

why don't show the team?
i want to know who is on the team

Addressed here: https://www.reddit.com/r/Upfiring/comments/770dhp/warning_no_team_names_have_been_disclosed_to_the/doitu2n/

Thanks. I had missed that post also!

For me as an investor is hard to not see a face related to the project, you start thinking that they don’t show the face is because they will run with your money and don't want to be identified.
But in a second thought, I understand their point of view. This is a tricky space in the web, that could easily be associated with illegal content.
I understand the decision to stay anonymous... Some of the big file sharing sites are also anonymous.

Yes, I agree and felt the same way. If this becomes massive in the future (which it's starting to look that way) then I would NOT want that heat on me as well. Wink

You can't control what individuals do in a free market.

Wekkel

legendary

Activity: 3108

Merit: 1531

yes

Quote from: badinvesterguy on December 31, 2017, 08:27:25 AM

Is there a github to track progress ?

I think that will only come once the initial version of the software is released. The project is still in its infancy, so let the team do its magic in releasing a proper 1st version.

badinvesterguy

full member

Activity: 196

Merit: 100

Is there a github to track progress ?

plox

newbie

Activity: 2

Merit: 0

Looking forward to this great project progress, exciting stuff, well done team

CarlosCorreia

full member

Activity: 728

Merit: 139

Quote from: vegaed1 on December 30, 2017, 09:42:02 PM

Quote from: garfunkel11 on December 30, 2017, 04:22:26 PM

Why is there no info on the team?

Quote from: CoinFarmer on November 07, 2017, 02:30:38 AM

Quote from: 2970566 on November 06, 2017, 07:01:05 AM

why don't show the team?
i want to know who is on the team

Addressed here: https://www.reddit.com/r/Upfiring/comments/770dhp/warning_no_team_names_have_been_disclosed_to_the/doitu2n/

Thanks. I had missed that post also!

For me as an investor is hard to not see a face related to the project, you start thinking that they don’t show the face is because they will run with your money and don't want to be identified.
But in a second thought, I understand their point of view. This is a tricky space in the web, that could easily be associated with illegal content.
I understand the decision to stay anonymous... Some of the big file sharing sites are also anonymous.

vegaed1

full member

Activity: 406

Merit: 100