Upfire

Upfire

UPR
$0.00101674%-10.47

Key Metrics

Price$0.00101674
Real Volume (24H)$791.83
MarketcapN/A
Fully Diluted Valuation$1,016,736
ATH$0.02950137
ATH Date11/21/2021, 11:09:51 AM
ATL$0.00051311
ATL Date2/28/2023, 4:49:27 AM
Circulating SupplyN/A
Total Supply769M
WebsiteN/A
WhitepaperN/A
Popularity RankN/A
Chart
What is Upfire?

Upfire is a revolutionary peer-to-peer (P2P) distributed file-sharing platform that aims to transform the way users share files. At its core, Upfire's platform is designed to decentralize the file-sharing process, removing intermediaries and enabling users to directly exchange information via the blockchain network. Upfire tokens (UPR) are used to control the Upfire network and are BEP-20 and ERC-20-standardized tokens. All associated logos and trademarks of Upfire are registered and owned by Upfire.

By utilizing the Binance Smart Chain (BSC) ecosystem, Upfire's primary platform for transaction-processing, the platform can support EVM-compatible smart contracts with 5-second block times, optimized for scaling high-performance dApps. BSC provides the necessary speed and low fees that Upfire requires to enable users to download and seed files at will. With the encryption of files and direct communication between nodes, Upfire functions as a fully-decentralized exchange for files and value transactions. Decentralized networks can collaborate in a trustless manner without a single point of failure. The use of smart contracts oversees encryption, verifies proof-of-ownership, and guarantees seamless value transfer while enabling objective management of transactions without requiring authoritative supervision.

Upfire seeks to incentivize the file-sharing process by allowing users to earn rewards for seeding files and participating in the network. Incentivizing the file-sharing process allows the Upfire network to grow exponentially and ensures a competitive decentralized marketplace is established. The use of smart contracts allows transactions to be verified and recorded on the public blockchain, enabling easy resolution of disputes within the Upfire community. The adoption of blockchain and cryptocurrency provides a huge potential for future growth in the file-sharing industry, and Upfire is leading the way.

Upfire's unique approach to decentralized, contract-driven incentivization seeks to transform the blockchain file-sharing space. As an innovative upgrade to modern-day P2P file-sharing technologies, Upfire aims to revolutionize the industry by providing a trustless environment for sharing files. Upfire is enthusiastic about establishing its platform as a pioneer of incentivized blockchain file-sharing.

Upfire tokens (UPR) are used to control the Upfire network and may be bridged onto other chains in the future. The use of blockchain and cryptocurrency for file-sharing provides a decentralized, trustless application that enables objective management of transactions without requiring authoritative supervision. Upfire is the future of file-sharing, and its platform seeks to transform the industry by incentivizing the file-sharing process and providing a trustless environment for sharing files.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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