[ANN][UFR][ICO] Upfiring | Incentivized P2P File-Sharing - page 30.

CoinFarmer

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Activity: 205

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Upfiring Team Member

Quote from: scam confirmed on October 04, 2017, 05:58:41 PM

8% going to legal and regulatory expenses? Shouldn't this be zero though, that's why we're moving towards decentralization, to get rid of "legal" and "regulatory".

Legal and regulatory steps still need to be taken to ensure we're not stepping into the crosshairs of any regulatory agencies. Ideally the legal work we do will all be preventative.

CoinFarmer

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Activity: 205

Merit: 10

Upfiring Team Member

Quote from: BuyingFast on October 04, 2017, 05:46:22 PM

Quote from: CoinFarmer on October 03, 2017, 02:39:59 PM

Quote from: GoBelle on October 03, 2017, 02:15:20 PM

Is Ethereum SWARM the main competitor of this project? How is development on that going?

The main competitors are projects like Filecoin and IPFS, but overall this project differs from those in a lot of ways. Filecoin is concerned with storing files on the blockchain and renting out storage space, while we're more focused on file-sharing and the ability to earn tokens for seeding.

We'll also have to compete with uTorrent and SoulseekQt. Compared to those applications, our main advantage is offering an incentive for sharing files. This will promote seeding and allow for higher file availability - aka more files overall on the network and faster downloads.

Could you say that you're like torrents where seeders get paid? I've been a seeder more than a peer my whole life, and I've never been rewarded for that in any way. It would be something if that changes.

Yes, it is essentially that - crypto rewards for seeding, but the file doesn't have to be a torrent. Almost any type of file can be seeded.

scam confirmed

hero member

Activity: 630

Merit: 500

8% going to legal and regulatory expenses? Shouldn't this be zero though, that's why we're moving towards decentralization, to get rid of "legal" and "regulatory".

BuyingFast

full member

Activity: 230

Merit: 101

Quote from: CoinFarmer on October 03, 2017, 02:39:59 PM

Quote from: GoBelle on October 03, 2017, 02:15:20 PM

Is Ethereum SWARM the main competitor of this project? How is development on that going?

The main competitors are projects like Filecoin and IPFS, but overall this project differs from those in a lot of ways. Filecoin is concerned with storing files on the blockchain and renting out storage space, while we're more focused on file-sharing and the ability to earn tokens for seeding.

We'll also have to compete with uTorrent and SoulseekQt. Compared to those applications, our main advantage is offering an incentive for sharing files. This will promote seeding and allow for higher file availability - aka more files overall on the network and faster downloads.

Could you say that you're like torrents where seeders get paid? I've been a seeder more than a peer my whole life, and I've never been rewarded for that in any way. It would be something if that changes.

CoinFarmer

member

Activity: 205

Merit: 10

Upfiring Team Member

The Upfiring Contribution Period is now live, by the way!

CoinFarmer

member

Activity: 205

Merit: 10

Upfiring Team Member

Quote from: GoBelle on October 03, 2017, 02:15:20 PM

Is Ethereum SWARM the main competitor of this project? How is development on that going?

The main competitors are projects like Filecoin and IPFS, but overall this project differs from those in a lot of ways. Filecoin is concerned with storing files on the blockchain and renting out storage space, while we're more focused on file-sharing and the ability to earn tokens for seeding.

We'll also have to compete with uTorrent and SoulseekQt. Compared to those applications, our main advantage is offering an incentive for sharing files. This will promote seeding and allow for higher file availability - aka more files overall on the network and faster downloads.

freemind1

legendary

Activity: 1526

Merit: 1014

It would be possible to obtain more information?. Team members, escrow, advisors... The project seems interesting guys, I will be attentive to the waiting for more information.

GoBelle

full member

Activity: 512

Merit: 101

Is Ethereum SWARM the main competitor of this project? How is development on that going?

BLACKCOIN883

sr. member

Activity: 271

Merit: 250

Quote from: Doublelucky on October 02, 2017, 10:33:53 AM

Quote from: BLACKCOIN883 on October 02, 2017, 10:19:56 AM

I love this part:

> no pre-sale or special bonuses

Who else agrees with me that ICOs and cryptocurrency have gone mad lately with their bonuses? They make later investors feel left out.

I never invest in ICO's that do this and think it is a shitty pyramid-scheme tactic to try and get people to invest. Yet almost every new ICO seems to do this shit now.

Good on your guys for keeping it real, the ICO structure looks straightforward and pretty fair here.

ICOs that do that are trying to create fear of missing out. That's what a lot of scammers do, they try to get you to take a decision as fast as possible.

Doublelucky

member

Activity: 113

Merit: 10

Quote from: BLACKCOIN883 on October 02, 2017, 10:19:56 AM

I love this part:

> no pre-sale or special bonuses

Who else agrees with me that ICOs and cryptocurrency have gone mad lately with their bonuses? They make later investors feel left out.

I never invest in ICO's that do this and think it is a shitty pyramid-scheme tactic to try and get people to invest. Yet almost every new ICO seems to do this shit now.

Good on your guys for keeping it real, the ICO structure looks straightforward and pretty fair here.

BLACKCOIN883

sr. member

Activity: 271

Merit: 250

I love this part:

> no pre-sale or special bonuses

Who else agrees with me that ICOs and cryptocurrency have gone mad lately with their bonuses? They make later investors feel left out.

CoinFarmer

member

Activity: 205

Merit: 10

Upfiring Team Member

Jezus: Absolutely, we are currently working on applications to Bittrex, Liqui, Binance, Etherdelta, 0x, and a few others.

And thank you Zakalwe for that - it seems like pictures are showing up on the original post now as well.

zakalwe

sr. member

Activity: 445

Merit: 251

Just quoting original post so the pictures are visible. Seems like a good project, I like the fair distribution with no special bonuses.

jezus

sr. member

Activity: 560

Merit: 250

Where open exchange when ico close?

CoinFarmer

member

Activity: 205

Merit: 10

Upfiring Team Member

Quote from: ogrudko on October 02, 2017, 02:09:10 AM

Good day, Team!
Will you provide some bounty campaign for you ICO?

We will not be doing a bounty campaign, the only way to acquire UFR is through the crowdsale at the moment. After the crowdsale there will likely be a few small bounty campaigns/offers.

ogrudko

full member

Activity: 504

Merit: 122

Good day, Team!
Will you provide some bounty campaign for you ICO?

Doublelucky

member

Activity: 113

Merit: 10

Good luck to the team, this is a pretty cool idea Grin

Edit: Images aren't showing up btw, just a heads up.

CoinFarmer

member

Activity: 205

Merit: 10

Upfiring Team Member

WEB | FACEBOOK | TWITTER | REDDIT | WHITEPAPER

CONTRIBUTION PERIOD v1.0.

Start Time: October 3rd, 2017 at 12:00 PM EST
End Time: October 31st, 2017 at 11:59 AM EST
Updated: Amount Raised: ~844 ETH
Cryptocurrencies Accepted: ETH, BTC, LTC

TOKEN DISTRIBUTION

To ensure the fair distribution of UFR tokens, we have no pre-sale or special bonuses. The Contribution Period is the only way to acquire UFR and the rate is standardized. UFR tokens are minted when ETH is sent to the contract. We do not use whitelisted addresses or participate in any 3rd-party allocations.

*This has been updated and scaled down to a maximum supply of 24,000,000 UFR. Full update here: https://www.reddit.com/r/Upfiring/comments/7ck86w/ufr_token_burn_event_on_november_19th_updated/

24,000,000 UFR was generated in the contribution period. A small number of tokens are reserved for in-app use, the team, and a potential 2nd contribution period only in the event that additional funding is needed for the continuation of the project. This would only take place in the distant future after key roadmap events have been completed and well into the main application launch - otherwise, those tokens will be burned.**

**Token distribution and reserve supply has also been scaled down with the burn event, and a 2nd contribution period has been ruled out. The project has the required funding to proceed.

How will Upfiring work?

Upfiring is a P2P file-sharing application that encrypts and distributes files between peers over a decentralized network. Upfiring operates similarly to services like uTorrent but with several key upgrades and inherent advantages. All transactions are linked to the Ethereum blockchain - allowing transactions to run securely and for proof-of-transfer protocols to be carried out between peers. The movement of files across the network requires Upfire tokens (UFR). When a user downloads a file from a seeder, the user pays for the transaction with UFR - which covers the cost of gas and compensates the seeder for offering the file to the network. This allows users to earn passive income by seeding files and allows users download large quantities of files at an extremely low cost. Upfiring supports the exchange of many different file types on the network, including .torrent and magnet files.

How will Upfiring ensure seeders are compensated?
Files seeded on the Upfiring network will be encrypted so that other P2P services cannot access them without using the Upfiring Desktop application. Smart contracts written in Solidity govern the process and ensure the successful transfer of tokens and files in each transaction. This allows anyone to earn tokens passively and trustlessly by simply seeding files in the Upfiring Desktop or mobile client.

Topic: [ANN][UFR][ICO] Upfiring | Incentivized P2P File-Sharing - page 30. (Read 38748 times)