What is Upfiring?
Upfiring is an incentivized P2P file-sharing desktop application that encrypts and distributes files between peers over a decentralized network. Upfiring allows users to earn cryptocurrency in the form of Upfiring tokens (UFR) by seeding files. The movement of UFR and files on the network is mediated by smart contracts, allowing for trustless exchanges to occur.
Connect with anyone on earth
Upfiring makes it easy for anyone in the world to communicate and share files - regardless of country, language or native currency.
Cryptographic Hash Indexing
Each file on the network is encrypted and comes with a unique identifier called a cryptographic hash. Indexing files in this manner will allow for ultra-fast distribution and transferring of files between peers.
UFR Generation & Distribution
UFR tokens were minted via our smart contract & distributed from October 3rd to October 31st during our Contribution Period. The Contribution Period was held in order to fairly distribute UFR to participants - no pre-sales or private offerings were held. UFR is required in order to download files within our application and incentivize seeders within the network.
UFR Token Value
UFR has no inherent value on its own and is solely meant for use within the Upfiring application in order to fulfill smart contract requirements and download files from others. UFR can be acquired from other users on cryptocurrency exchanges.
Issue with traditional P2P apps
Traditional P2P networks are flooded with users who want to download (leechers) and severely lack seeders. This occurs because seeders receive no rewards and as such, have no reason to upload files and stay connected to the network. This results in very low file availability and a weak P2P network that is extremely one-sided.
Upfiring directly addresses these underlying issues with modern-day P2P file-sharing networks by incentivizing seeders. By rewarding seeders with UFR, content-owners have a reason to share their files with others. This creates a healthy and prosperous file-sharing environment where content-owners, seeders, and downloaders can benefit from ever-increasing file availability and faster downloads.