[ANN] Upfiring - Incentivized P2P File-Sharing


New Member
Oct 24, 2017
ICO WEBSITEhttps://upfiring.com

About Upfiring ICO

check out their whitepaper: very Impressive
Upfiring is a peer-to-peer distributed file transferring platform designed to enhance the way files ate shard between users. The platform decentralized the file sharing process. Upfiring completely removes the middleman and allows the users to directly exchange information via the blockchain network. The platform utilizes the ethereum platform as its primary platform for transaction processing. Upfiring can function as a fully decentralized exchange for files and value transactions where users are allowed to collaborate in a truthless manner without a single point of failure.
Upfiring P2P network
Upfiring Emphasizes on connecting and communicating as a means of creating value

Start Time: October 3rd, 2017 at 12:00 PM EST
End Time: October 31st, 2017 at 11:59 AM EST
Hard Cap: 40k ETH or $12M USD
Cryptocurrencies Accepted: ETH, BTC, LTC

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.

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.

How Upfiring will work
The Upfiring platform is basically a file sharing application that encrypts and distributes the files between peers over a decentralized blockchain network. The platform operates in the same way as the popular utorrents services, but with several advanced features and inherent advantages. All transactions in the platform are facilitated in the Ethereum Blockchain. This is a major step in file sharing since transactions are run securely and a proof of transfer has to be carried out between peer. The Upfiring Tokens (UFR) have to be used to facilitate the movement of files across the network. When a user downloads a file from a seeder, the user pays for the transaction with the UFR. This payment covers the cost of gas and compensates the seeder for offering the file to the network. This allows for passive income for users just for seeding files and allow for users to download large quantities of files at an extremely low cost. Upfiring supports the exchange of many files types on the network, this includes torrents and magnet files.

Why Upfiring will change the file sharing sector
Upfiring envisions a new way of freely exchanging files in a decentralized market place. The industry has long been a victim pf shutdowns by governments and strict regulations coming from centralization. With decentralization of file sharing this will all change?

Upfiring aims to revolutionize the way the world thinks about file sharing.
The platform will be very popular and also has potential to disrupt a major multibillion venture. In the near future Upfiring aims to be the leading file sharing platform for users all over the world.
Upfiring Tokens (UFR) will be the core of the Upfiring incentivization protocol. Users will be able to spend UFR in exchange for files being offered on the network. So as to accumulate the UFR users will have to share files with the network, a process known as seeding and will be rewarded every time their file is downloaded. The tokens will be available on various cryptocurrency exchanges and will be directly
exchangeable for ethereum.

TWITTER: https://twitter.com/UpfiringHQ
REDDIT: https://www.reddit.com/r/upfiring/