Why should you keep an eye on this:
- Tiny marketcap - UFR is currently sitting at rank 545 on CMC, with a marketcap of 500,000$. Total supply is 24,000,000$, circulating- 14,400,000$
- Token burn took place on Nov 19th and a huge portion of unsold tokens were burned as the team raised 400,000$. 791,000,000 tokens were burned.
- Upfiring is an innovative upgrade to modern day P2P file sharing technologies and seeks to revolutionize the industry.
- Rather than paying a subscription fee or purchasing files, UFR tokens are simply sent to the network as gas to power file transfers, which then initiates the movement of the files amongst nodes. Upon completion of the transfer, the seeder is then credited with the majority of these tokens.
- Q4 2017Upfiring Testnet/Alpha Launch; Q1 2018Upfiring Beta Launch; Q2 2018 Upfiring Official Launch.
What you may not like :
- Team is anonymous, only one member has shared his credentials ( https://www.linkedin.com/in/tylerfallon)
- There is no GitHub at the moment, although Tyller has an active one ( https://github.com/tylerfallon)
- No development updates at the moment
- Currently only traded on Etherdelta
- UFR was traded at 20x ICO price (0,40$) once it hit etherdelta, after such a huge increase, the price since has fallen back to its ICO price of 0,02$
In my opinion, investing big money currently is too risky as there are too many questions and red flags, but if we see crucial updates this project could possibly be a great investment.
Links:
Twitter:
https://twitter.com/UpfiringHQReddit:
https://www.reddit.com/r/Upfiring/Website:
https://upfiring.com/There is an unofficial telegram group:
https://t.me/UpfiringI came across this one at ICO stage but the only thing that put me off was that it will really only gain traffic in my opinion if seeders move away from more common platforms like utorrent. Leechers will always go to wherever the files are readily available and the cheapest.