With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, The files.fm Library, a blockchain-based hybrid data library that is created and maintained by community and powered by token incentives, shared traffic, and storage direct micro-payments has arrived.
"Data is a big deal in the digital world. With the advent of new technology such as artificial intelligence and the internet of things, information is being charned out at unimaginable rates. As early as 2010, there were approximately 5 billion people using Smartphones. With more gadgets now connected to the internet, you can be sure the rate of data production has dramatically increased over the years.
Proper harnessing and application of this data could lead to a significant transformation of our lives. However, the generation of data at this rate also brings about problems, chief among them being storage.
Data storage has always been a difficult task. There has always been the problem of how to store large volumes of information for the long term and in a way that the data remains secure and easy to access. There is a dire need for a storage mechanism that is scalable, and flexible enough to adapt to the ever-increasing data volumes in the world."
With that being said, The FFL network is a semi-decentralized network made up of classic cloud storage servers, P2P super-nodes and end-user nodes where users can store files and share them with other community members on the platform.
But before we go any further, please check out this video presentation to get even more acquainted
Now that I have your attention, let’s get right to it.
What exactly is Files.fm Library?
As depicted above and as indicated on the official website of Files.fm Library, Files.fm Library is a hybrid fog computing platform with open source Web browser platform, as well as desktop and mobile apps, aimed at creating a hybrid P2P storage and sharing network. The FFL network is a semi-decentralized network made up of classic cloud storage servers, P2P super-nodes and end-user nodes where users can store files and share them with other community members on the platform.
In addition, The files.fm library plan to provide its users with space and a marketplace where they could upload their files for future preservation. More also users can sort the file contents by adding them metadata such as keywords, tags, descriptions, links or marking the content as illegal or copyrighted. If the data added by the user is similar to what other users add, the user will receive files.fm library Tokens. If the system detects that the user is constantly inputting data that is different, the user will be punished with a files.fm library token withdrawal or ban from the platform.
The platform will host and store such files as: e-book, articles, images, music, television show, software, video, cinema.
The main goal of the creators of the platform Files.fm Library is the preservation of files, eliminating illegal file sharing, as well as providing users with a convenient method of sharing files.
The Impending Challenges
The files.fm library come across some problems in the cryptocurrency market which are listed below:
Limited free to use file sharing
Non competitive legal alternatives for illegal file sharing
Limited existing platform abilities ( usability, storage, traffic and functions)
Insufficient data preservation for future generations.
The files.fm library stands to provide a way forward to the challenges in the cryptocurrency market by creating a legal and free access to make use of the digital file library that provides the service for society where traders can easily search, access, store and share useful content online with the copyrights that is done right.Presently there are no large ( access of storing hundreds of petabytes) and free storage platform with specialized file search, sufficiently useful content and user-friendly interface.
FFL will be hybrid-decentralized, which suggests it will utilize combined central servers and decentralized P2P web user network for file storage and traffic. This is done to resolve the most significant specific issues these 2 networks have: for centralized servers, slower download speed and possible crashes or downtime due to big traffic; for P2P networks, absence of seeders for particular files.
FFL utilizes hybrid-decentralized innovation to guarantee quick download and upload speeds and the file staying available even if the server decreases or there are no peers. In addition, making use of P2P networks lowers the expenses of servers, for that reason making the service complimentary for everybody. To make file availability easier, FFL users will be able to enjoy videos directly from the site utilizing hybrid-decentralized streaming innovation.
Providing an inter-connected file network that is compatible with all browsing systems and including a powerful and accurate search engine.
The platform is geared for users to build a community storage based system on a transparent blockchain database and a reward structure.
The goal is to create a platform where it is free to use and store content, provides fast user traffic, and the ability to sell content easily within the community.
Files.fm is a global initiative built from the collective efforts of a community. According to this principle, this system carries out its work.
The Benefits blockchain technology brings to the Files.fm project
Blockchain brings transparency, and security in transactions, because information about transactions stored in public ledgers cannot be changed.
The platform's FFM token will act as an independent digital currency. FFM allows users and customers to become part of the economy on a platform.
Electronic money token transactions will be lower cost than credit cards and will allow for direct and quick internal payment, in addition to allowing users to make and make payments micro;
One of the token applications in the product will be file sales, not related to the current payment gateways which are too slow.
How It Works?
Traditional P2P networks are not reliable, because any file can become unreachable at any time.In the Files.fm platform, P2P networks are used and interconnected in two main components: the independent and direct payment systems among colleagues based on the FFM blockchain and adjusted P2P networks for file sharing. between users.
Token(FFM) and ICO Details
FFM is the native platform token that allows users to participate in the Files.fm Library and gain rewards for their work.
Total Token Supply: 10 000 000 000
Limited Supply: Yes
Price per Token: $ 0.01
Token Symbol: FFM
First Year Crowdsale:
Private sale: $ 1 000 000
Presale: $ 1 000 000
Soft Cap: $ 3’000’000
Mid Cap - first round: $ 10’000’000
Hard Cap: $ 20’000’000
The distribution of tokens and funds is as follows:
WHY FILES.FM LIBRARY STANDS OUT?
Core Values of Files.FM
Make something individuals wish for. Make progress toward smooth yet rich arrangements. Regard our purchasers and clients. Network issues, They like what they do and everlastingly endeavor to do prevalent.
Experience and Expertise
Files.FM has assembled various B2B and B2C entire day systems in Geographic and in addition workforce the executives areas. Presently the platform is utilizing their insight to create trade arrangements and data storage, pointing explicit business needs.
Files.FM territory comprehensively dynamic firm, their customers are situated in the zone the world over. They use data Centers in EU and in addition in the USA as I referenced previously, and additionally data supply edge servers.
Open for joint effort and custom projects
Files.FM might want to team up with ICT firms and searching for neighborhood wholesalers and affiliates. They can chip away at master designs and applications. In case you're searching for customized information (data) storage and trade arrangements in quite a while, at that point Files.FM is for you. Files.FM has made custom mixes for range prerequisites.
Programming Interface Information For Designers
The Files.FM gives bolster for API (application programming interface) for the web, portable or work area designers. It's connected as a different arrangement of web contents - Rest web App programming interface. You can perform acts, for example, read envelope, document transfer and in addition record list, get an immediate connection, erase files, deluge fine, thumbnail pictures, Zip, and so forth.
MEET THE AMAZING TEAM
Janis Viklis - CEO
Master in Computer Science. Led several IT SaaS product development projects from scratch in B2B and B2C segments. IT development and team leadership experience.
Madara Paegle - CTO
Extensive experience in software development and project management. High skill knowledge in the field of software architecture and development, as well as P2P.
Pauls Sondors - CFO
Experienced professional who has worked in businesses from various fields, including construction, IT and sports. A strong sense of innovation and their further usability.
Janis Lamsters - COO
20 years of experience in entrepreneurship, strategic communication and team leading. Experienced in IT and blockchain fields. Creating usability-focused UI/UX designs.
Anatoly Ressin - Smart Contracts
Has worked in IT for 20 years, 3 years in Blockchain (NOIA, BirdChain, etc.). Founded Blockvis - smart contracts development and consulting company.
Janis Upmanis - Senior Developer
More than 15 years experience in software development in several international IT companies. Designs the required systems to incorporate solutions and protocols.
Kristine Vikle - Legal
Experienced business analyst working in the information technology and services industry. Legal expert with a specialisation in international law, civil law.
Daiga Goba - Chief Accountant
Experience with research and business development in most areas of distributed computing from Internet of Things to High Performance Computing.
Rihards Strenga - Investor Relations
Communicator, business strategist, early bird of VC competence. Strong marketing and market understanding. Proficient in financial management and data analysis.
Elina Plume - Research Officer
Experienced research and analysis professional with demonstrated experience in both academic and professional sectors. Years of experience in content creation and writing.
Agija Rumpe - Marketing Manager
Experienced marketing and sales manager with a demonstrated history of working in ICT, FMCG and Finance industries. Communicates with cryptocurrency and main stream media.
Seung-Hoon Cha - Community Manager of Korea
Long-standing experience in business administration in high-ranking companies. Share owner in a number of companies and has helped in developing IT brands.
Tony Hughes - SMM Manager
Has worked along side various international blockchain organisations (NEM, Soramitsu, Hyperledger Iroha, Blocksafe etc.) as a creative designer, consultant and strategist.
Ilmars Bluzmanis - Programmer
Full stack developer and programmer with a specialization in web and mobile applications. Follows the constantly changing development environments to create state-of-the-art products.
Ahmad Dewanto - Bounty Manager
Campaign manager with multiple years of experience, handling successful bounty management projects, including RedCab, ImmVRse, London Block Exchange, etc.
Aivars Lipenitis - Partnership Manager
Proven track record in international marketing strategy, international expansion, partnership negotiation and growth in Nordic-Baltic region, the UK and parts of Asia.
Andis Zeidmanis - Investor Relations
Proficient in financial management and data analysis, with an emphasis on designing and implementing business strategies. Skilled in investor relations and business consultancy
Elina Eiduka - Marketing Specialist
Marketing & sales assistant, product development in business. Coordinates the delivery of the files.fm message through the social media platforms.
Martins Mangulis - IT Support Manager
Experience with various IT projects including video broadcasting, has extensive troubleshooting skills. DJ and electronic music producer.
Ingus Viklis - Marketing Specialist
Has the experience and passion for creating visual designs, specialized in the field of advertisements and implementing marketing strategies.
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
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Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.