Upfiring

Upfiring

UFR

PRICE (USD)
$ 0.025012
MARKET CAP (USD)
$ 540,250.46
SOCIAL MEDIA

(75%) Average Rating
Team Quality:
Info Quality:
Track record:

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Team Quality
Info Quality
Track record

stellarowl12 posted on February 12, 2019 18:34:28

This project is a BitTorrent competitor running on Ethereum. Unlike BitTorrent, they had a really small ICO and has focused on the product instead of generating hype/buzz. Their Dapp is live and usable right now, basically you get incentivized to "seed" torrent files for the P2P file-sharing network. Reason I'm putting *Slightly Shady* is because of the team's pretty secretive identities. 


Seems like the founder has since come public but the rest of the team is still hard to find out anything about them. They say it's because of the sensitive nature of the file-sharing industry, which makes sense to me. However after experiencing Confido and even Oyster Pearl have problems/exit-scams due to anonymous teams, I can't rate it a "Not Shady At All" in good conscience.


Team Quality
Info Quality
Track record

CptofIndustry posted on February 12, 2019 17:50:17

This project has an open sourced application that can be found in GitHub. In its humble beginnings Upfiring started with a fully anonymous team. However the team has since come out because they plan to commit to the project long term. This project
with token UFR is worth 3 million dollars in total right now where its only competitor is BTT with a market cap of one billion dollars. If UFR reaches the same level as BTT this would mean 30000% return potential for investors.

Is this possible? It depends on how the token model functionalities are improved into the future. Right now the token is only used as the main currency on the platform. I would like to see the token be used for dividends and voting rights for it to be truly optimized.

I would consider this project a strong buy considering how small it is and how much it has accomplished to this point.


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