Topic: [ANN][UFR][ICO] Upfiring | Incentivized P2P File-Sharing (Read 339 times)

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.





600,000,000 UFR will be distributed in the Contribution Period of the 1 billion total. 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.





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.