Earlier this week, the Upfiring team released source code and documentation sufficient for the creation of a developer version of the long-anticipated dApp.

The newly released dApp allows for the earning of cryptocurrency by sharing files. By incentivizing file uploads, Upfiring is building a robust network of seeders that makes downloading of large files near instantaneous.

At the moment of writing this Scribble, the price of UFR is hovering around 10.7 cents, more than doubling the 4.5 cent price 24 hours prior. In this period, the trading volume for the coin increased more than 5X.

The team also recently released a demo of the dApp to display some of its functionality. File sharing has begun with content being shared via the team’s official forum.

Until now the possibility of Upfiring being nothing more than vaporware has been factored into the price. With the launch of the dApp, that is no longer the case.

Further Challenges

While the times are good for being a UFR investor, the team’s sights will next be set on beating out Project Atlas. The soon to be released Upfiring competitor being launched by Tron is hoping to develop a very similar seed-incentivized file sharing system. Upfiring has beat Tron to market but the project is certainly not out of the woods in securing the leading market share of the industry.

Think you know Upfiring? Test your knowledge with our Upfiring Trivia Quiz.

Also learn how to use the dApp with our handy Upfiring guide.