Files.fm Library is a project through which users can post any type of file and profit from providing access to it. The platform will check for viruses and provide the ability to download files in zip format or using a torrent. Also, users can upload files anonymously and provide access to files to other users via links.
Business Model Overview Files.fm Library (FFM)
1. The validity of income
The project will receive revenue from advertising and providing users with premium functions on the platform. The basic platform functionality will be freely available, and premium features will be available for PRO accounts. This business model in 2017 provided an income of $ 650,000.
2. Number of currencies accepted
The number of accepted currencies includes 4 liquid currencies: EUR, BTC, ETH, USD.
3. Token emission
In the project there is a limited number of tokens. A total of 10,000,000 FFM tokens will be released.
4. Discount on the purchase of tokens
Discount on the purchase of tokens is 30%.
The project has a developed technological map, in which its goals are indicated until the end of 2023 (p. 48 White Paper). After the ICO, the developers will distribute the funds as follows: 34% - “Project development”, 23% - “Marketing”, 28% - “Infrastructure”, 15% - “Salary, offices, legal and consulting services” (p. 42 White Paper).
6. SOFT CAP / HARD CAP Ratio
The project has a poor SOFT CAP / HARD CAP ratio, which reduces its investment attractiveness. The values of SOFT CAP and HARD CAP are $ 2,000,000 and $ 10,000,000, respectively.
7. MVP availability
The project has developed MVP, which is available at https://files.fm/sell-files/demo/.
8. Risk assessment and insurance
There are no risk assessments according to international standards, as well as any risk insurance methods, for example, Escrow, which increases the risk of losing capital for investors.