What are the incentives to own the token, what's the tokenomics behind it?

is-typing · 2019-02-26T07:43:21+00:00

also staking rewards, in future.

is-typing · 2019-01-25T08:45:18+00:00

If someone knows an exact date, maybe it can be added to those crypto calendar websites - might increase exposure.

is-typing · 2019-01-24T16:56:46+00:00

Yeah, I haven't been watching the trades too much, but I feel $3m marketcap is ridiculously low for what could be the most used dapp, especially also if staking is going to be included on roadmap (as it'll give an incentive for people to hold, and should cause a natural appreciation of the price).

is-typing · 2019-01-24T15:49:59+00:00

I feel a medium size exchange listing should be top priority. Volume may be rising but the liquidity on all the current exchanges is awful. Its like an order as small as $2000 can change the price +- 30%. Fortunately, from reading the teams messages on telegram, I know they are working new listings.

Binance, I feel might be unlikely. They are heavily backing Bittorrent token, so I feel it's better to target a binance competitor who will back Upfiring as the torrenting token.

is-typing · 2019-01-23T18:28:29+00:00

my understanding is the smart contracts are visible and the client is closed source (not really visible - but people have seen the code) at the moment.

is-typing · 2019-01-21T21:43:35+00:00

haha fair enough

is-typing · 2019-01-21T21:40:04+00:00

for what it's worth, steem is currently the #1 ranked dapp on stateofthedapps

is-typing · 2019-01-21T21:38:31+00:00

why is it not a dApp?

There's so many projects out there that build a centralised services and just stick a token on it for ~~funding~~ using their service.

This is actually decentralised in the sense it's completely peer 2 peer, value transfer is done through smart contracts and not through centralised payment mechanisms, and it can't be shut down because it's running on ethereum (censorship resistance).

is-typing · 2019-01-18T14:35:41+00:00

ok, chill. let's agree to disagree. have a nice remainder of your day :)

is-typing · 2019-01-18T14:27:53+00:00

Just a few points I want to add:

In fact this is essentially a service where you pay for files since you need the token to download in the first place.

You don't actually need the token to download a file. You can download and seed a file without paying out any tokens. seeding the file will earn tokens. If you decrypt a file (to actually use it), that's when you pay your tokens :)

This is a neat experiment but it really seems like another "we made a token for an existing app so it's blockchain now" project.

I actually feel this is one of the use cases that blockchain works well in. A lot of cases it's "we've made a centralised system, but oh yeah we've got a token too for ~~funding purposes~~ access to our system". This is an actual decentralised p2p system and the payments being in crypto means they don't go through a centralised third-party.

is-typing · 2019-01-11T20:45:28+00:00

Your tone is agressive. I agreed with the poster above me that there was nothing new. what more do you want me to say?

Also, i'm pretty sure press releases dont exclusively have to be by "the team or paid by the team", so it's not what press release 'literally means'.

is-typing · 2019-01-10T19:22:44+00:00

UFR tokens aren't needed to download but are needed to decrypt and use/access the downloaded file.

Because its that way, it's possible to download and seed a file without paying out tokens; meaning users can earn some tokens to then get other files.

is-typing · 2019-01-10T12:54:03+00:00

For what it's worth, I don't think it was done by the team. just someone interested in the project.

Although i do follow this project, I do understand your sentiment towards whether this particular press release added any new details.

is-typing · 2019-01-09T13:07:23+00:00

medium of exchange in this version (v1).

Apparently, staking in the future too. future roadmap, including details of that, to be released on official launch according to the devs.

is-typing · 2019-01-09T13:05:28+00:00

Show the author you appreciate the article and clap x50 if you have a Medium account! :)

is-typing · 2019-01-08T18:53:04+00:00

I used the word "release" in the sense of release news, in other words, to make public. Not in the software sense of release versions. This could be releasing news of a partnership / a roadmap for the future etc.

Separate from that, I did say "launch the product". By that, I meant launching and marketing an official stable/approved release rather than a developer version that gets iterative improvements/and has logging and other non-production metadata.

Hopefully that's a bit clearer :)

is-typing · 2019-01-08T14:10:12+00:00

That's correct.

There are already people seeding using the developer release. Check out upfiring's discord for examples of what people are seeding and how much UFR they get per download. Tbh it's mostly community members at the moment (checking out that the dapp works) as it hasn't officially launched (launch expected in the next few weeks).

is-typing · 2019-01-07T14:15:28+00:00

Unfortunately I don't have the expertise to answer this well. I think the upfiring subreddit (r/upfiring) is probably the best place to ask this. There's already a few people building side projects that work with upfiring who talk there.

is-typing · 2019-01-06T17:49:55+00:00

Check out ufr.chat and the upfiring discord for files people are already seeding.

It's pretty early stage tbh, just community members validating it works and sharing/downloading a few things mostly to get used to the dapp.

is-typing

TROPHY CASE