FILES.FM LIBRARY - P2P File Catalog and Marketplace

Currently in the online file sharing service marketplace, there is no legal file library with specialized file search that offers both paid and free content; no unified platform for content creators or aggregators to create personal public file catalogs; no single file marketplace with effective payments, ensuring transparent remuneration system for authors and correct metadata. As a result there is no universal, large and free storage platform to organize, store, and preserve useful data with specialized file search and viable monetization options.

Files.fm Library unites technology and people to form a semi-decentralized data platform on an open and equal basis.

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 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. 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.

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 files.fm library came across some problems in the cryptocurrency market which are:

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.

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.

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.

Ecosystem of the Platform

Usability

Providing an inter-connected file network that is compatible with all browsing systems and including a powerful and accurate search engine.

Community

The platform is geared for users to build a community storage based system on a transparent blockchain database and a reward structure.

Content

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.

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.

FFL will combine the existing digital library creation principles with new hybrid semi-decentralized technology, using P2P fog network of web browsers in order to reduce the costs and limitations of centralized digital libraries. FFL will focus heavily on creating and maintaining a community of volunteers, who would upload, tag and oversee useful files and who in return would be rewarded with FFM tokens. Another factor for choosing P2P networks was due to the already large amount of people that are using them.

How it works

The main actions that can be done in the FFL system by users are adding, searching, using, sorting, selling content and claiming copyright, as well investing their resources in the P2P network.

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. The token is based on ERC20 Ethereum technology, an open source, blockchain-based distributed computing platform with smart contracts.

The FFM token will be used as a native currency by the FFL users to pay for the FFL’s special services and will be given for useful work in the FFL system (mined). The FFM token is a utility token, issued in a fixed supply with an annual inflation – based on useful work done by the community (aka “mining”).

The FFM token can be gained by uploading files, adding metadata, sharing free drive space or doing other things that are beneficial to the Files.fm Library. Users can spend their tokens on subscribing to pro features, buying private storage space or exchanging them for paid content, such as movies, TV shows, music or books.

Token Details

Token Symbol: FFM
Type: ERC20/ERC777
Total Token Supply: 10 000 000 000
Limited Supply: Yes
Price per Token: $ 0.01
Accepting: USD, EUR, BTC, ETH
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
Minimum purchase: 10000 FFM or $100

Road Map

Team

#FilesfmLibrary, #library, #storage, #crowdfunding, #blockchain

For more information, please visit:

WEBSITE: https://files.fm/library/
TELEGRAM: https://t.me/filesfm
WHITEPAPER: https://files.fm/f/952tqfun
ANN THREAD: https://bitcointalk.org/index.php?topic=4949343.0
FACEBOOK: https://www.facebook.com/Filesfm/
TWITTER: https://twitter.com/files_fm
MEDIUM: https://medium.com/@files.fm
REDDIT: https://www.reddit.com/r/filesfm/
YOUTUBE: https://www.youtube.com/channel/UCz6X-6_f1kveo_TfcGuHRZA

Author: JigaMola
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1847143