FILES.FM - The Revolutionary Peer-to-peer Library and Marketplace

adekogbe (53)in #blockchain • 5 years ago

Project Introduction

Information and data can basically be described as the knowledge or facts that are gotten, processed, stored or communicated in regards to a specific situation, activity or occasion. Information and data are created simultaneously consistently.

Data exist as properties of files. This files can be text documents, visual media, audio, signs, etc. The internet, however, is the world's files storage. As human beings, there has always been a need to obtain, transfer, store and utilize data in the form of files.

Our Data and files are priceless resources and are also important economically, which is evident in the fact that individuals, organizations and enormous enterprises access files on the internet and utilize data in various ways for various purposes.

All this is possible because of the internet, but while the internet is a good thing, it can and is also been abused. In any case, they all have certain shortcomings, which include but is not limited to: a constrained measure of storage, low file exchange rate, there are very few other alternatives, low safety or security of data and information.

In this article, I will be introducing a new innovative, decentralized platform which has been created to tackle the file sharing problems. This platform is called Files.fm Library.

The internet is the major infrastructure of the information age. But a technology even better, more innovative and much more secure has ushered in the decentralized age. This is the Blockchain technology.

The Blockchain is transforming the world by creating a form of decentralized internet where people can securely transact, communicate, and perform other tasks without the interference of the government or other major organizations.

FILES.FM LIBRARY

Files.fm library is a decentralized platform built on the blockchain creating an ecosystem where digital files from all over the world can be stored, accessed and used securely through the blockchain. Files.fm library creates a safe and transparent for files storage and sharing.

Files.fm Library by making use of the blockchain not only creates a secure platform for storage and sharing of files but also create a self-sustaining an ecosystem that is copyright compliant, equipped with very fast speed of download and file transfer and is powered to eliminate illegal file sharing.

On the Files.fm Library, all the files on the network can be shared to and by all the other users of the network, creating a peer to peer way of transferring files. However unlike the present internet where files can be accessed and used illegally and breaching the laws of copyright. The files shared on the Files.fm Library will copyright compliant, legal and will also free of viruses and other malicious files.

The Token

The Files.fm Library ecosystem is powered by the network’s token (FFM) and also equipped with Artificial intelligence. The FFM token is a utility token and will serve as the means of making Fast and transparent transactions on the platform. File owners are incentivized for the value they provide and the FFM token will remove the need for paying high processing fees for the money earned on the platform as compared to the centralized payment gateways.

The artificial intelligence is responsible for processing files and checking for viruses, their legality, and their copyright compliance. In a case where a user has been found out to violate any of these criteria, the user will be fined by the AI in the platform's native FFM tokens.

The cloud storage capacity assigned to every user on the Files.fm Library is also a function of the number of tokens the user possesses.

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ICO Details

Token Symbol - FFM

Total Token supply - 10 billion

Token Allocated For sale - 2 billion

Token ICO Price - $0.01

ICO Soft cap - $3 million

ICO Hard cap - $20 million

Conclusion

Files.fm is a platform that has what it takes to revolutionize the way files are been stored and shared by eliminating the shortcomings of the present model and also incentivizing the actors of the ecosystem. I believe this platform has what it takes to be successful.