• Fluence

  • Fluence is a blockchain-based data storage platform that allows for decentralized storage and management of encrypted structured data.

About Fluence

Fluence is a blockchain-based data storage platform that allows for decentralized storage and management of encrypted structured data. The platform is based on storing data without centralized servers, but instead spread across users’ private storage space in an encrypted format. The company incentivizes this sharing of space by compensating users who provide storage to the system with tokens, allowing anyone with some extra storage space to earn money. Fluence provides traditional database features like querying and filtering data, but is based on blockchain technology and a peer-to-peer network of users.

FluenceWhen users rent storage space to the network, their “node” becomes part of a cluster of nodes responsible for a certain dataset. Each cluster of nodes maintains its own “cluster blockchain” for recording internal operations, allowing the platform to avoid the lagging and large block sizes that would come with running one large blockchain for all nodes. By decentralizing data storage, the company hopes to almost eliminate leaks, guarantee maximum uptime, and eliminate the possibility of data regulation. The company’s use of currently unused storage space provided by users is also expected to bring down the cost of storage.

Due to the decentralized nature of Fluence, the platform guarantees a maximum uptime and no possibility for data regulation. Fluence aims to support both the cryptocurrency community and traditional industries such as the sharing of medical data with clinics or researchers and financial data with banks or insurance companies. Unlike projects such as Storj or Sia, Fluence is designed for storage and sharing of structured data, rather than files.

Fluence uses two types of tokens: tradable and functional tokens. The company’s FLU tokens represent shares in Fluence and can be traded on stock exchanges or transferred. FLU is issued on the Ethereum blockchain and has a limited allocation of 100,000,000. Within the Fluence system, the Fluence Functional token (FFT) is used to maintain operations, mainly as a reward for nodes for providing storage and performing database operations. FFT is non-transferable and will have its value managed to always be worth about $1 USD. Fluence plans to make money by taking a 0.5% commission for each operation performed within the system.

Fluence

Fluence.ai has a clear business and technical model, but is still working on their proof of concept. There is significant need for blockchain-based storage, but other companies are already working in this field, including Storj, Sia, and Filecoin, which raised $250 million in their August 2017 ICO. Due to SEC regulations, US residents cannot participate in Fluence’s pre-ICO or main ICO.

Team

Fluence is headed by CEO Evgeny Ponomarev and CTO Dmitry Kurinsiky. Ponomarev built the 2GIS Dialer mobile app that at one point processed more than 65 million calls per month, and is in charge of project management for the CodeFest developers conference every year (1,500+ attendees/year). He claims he first mined Bitcoin in 2011 on a CPU. Ponomarev has a BA in Math, and worked a number of jobs as a Product Manager. CTO Dmitry Kurinskiy is a software engineer with over 13 years of experience in previous roles including CTO at tech consulting firm Taktika, CTO at delivery startup Passenger.me, and Lead Software Engineer at shopping list startup Whisk. According to the company’s business white paper, his interests lie in distributed systems, functional programming, and stream processing. The two co-founders both studied at Novosibirsk State University between 2005 and 2009, which may be where they met. The company’s technical advisors include Alexander Demidko (Data Platform Engineer at Stitch Fix and former Lead Software Engineer at Metamarkets), Michael Egorov (CTO at NuCypher), and Nhan Phan (VP Engineering at Metamarkets).

Crowdsale Details

Token Sale Dates Presale: 14-August to 4-September..

ICO: Q4 2017

Total Supply 100,000,000 FLU tokens in total. 51% are available for sale (6% during pre-sale and 45% in the ICO, if the pre-sale max cap is not reached all unsold tokens will be burnt). 20% will be held in reserve, 20% will go to Fluence team members, and 9% will go towards an ecosystem fund. Pre-ICO sales are done in FPT tokens, which will be converted to tradable FLU tokens after the main crowdsale.
Raise Limits Pre-ICO cap is 2000-4000 ETH, ICO cap is undecided
Pricing Structure During presale: 1 ETH= 1500-3000 FPT depending on investment size

During ICO: 1 ETH =  750 FLU

Project Highlights

Technical White Paper       https://drive.google.com/file/d/0B07gyODhPstQNzFoZHBoVFdyMzA/view

Clear technical explanation of the Fluence system and concise presentation of business, tech, and ecosystem design.

Team Strong technical backgrounds with a history of interest in blockchain, but basically a two-man operation.
Location Russia
Blockchain Ethereum
Project Code N/A
Prototype None
Token Rights FLU tokens are tradable and aim to represent Fluence network liquidity. The non-transferrable Fluence Functional Token (FFT), which will be kept at a value of approximately $1, maintains operations within the Fluence network by giving a reward for providing the nodes that offer the storage and database operations the network depends on.

*Disclosure – At the time of writing, cryptorated staff owned no Fluence tokens.

Interested in deeper analysis – Fluence?

Team

Crowdsale Details

Project Highlights

Coming soon.....

People Who read this review, also read

  • SIRIN LABS

    The first open-source, cyber-protected, blockchain-enabled smartphone and PC.

    Crowdsale Starts in 17 days
  • NAGA

    Naga plans to create a system dedicated to social trading and investing in financial instruments, virtual goods & cryptocurrencies.

    20 DAYS REMAIN
  • BitClave

    BitClave is a blockchain based, decentralized search engine that allows its users to control who uses their data and how.

    Undisclosed
  • FansUnite

    FansUnite is a sports betting company that aims to provide cheaper, more secure, verifiable and transparent online sports betting.

    Crowdsale Starts in 17 days
  • BANKEX

    BANKEX is a Bank-as-a-Service on blockchain, building the Proof-of-Asset protocol.

    Crowdsale Starts in 3 days
  • Titanium

    Titanium's goal is to create the decentralized version of Amazon Web Services, Microsoft Azure, and Rackspace

    51 DAYS REMAIN
  • Moirai (MOI)

    Moirai is a prediction market where individuals can wager on the outcome of future events.

    35 DAYS REMAIN
  • Crederoom

    CREDEROOM is a lending company operating throughout the European Union.

    Crowdsale Ended
  • Datum (DAT)

    Datum is a blockchain-based company that utilizes blockchain technology for data management and strives for users to regain control over their personal data.

    4 DAYS REMAIN
  • Confideal

    Confideal enables users with no coding skills to create an enforceable, self-executing and secure digital agreement powered by Ethereum for all types of transactions.

    Crowdsale Ended
  • indaHash

    indaHash is a marketing platform that allows influencers to earn money by participating in brand campaigns on their social media profiles.

    Crowdsale Starts in 4 days
  • Papyrus

    Papyrus is a decentralized platform for the digital advertising industry.

    Ongoing
  • Aeron

    Global Aviation Register with Decentralized Record System

    Crowdsale Ended
  • Dentacoin

    Dentacoin is a platform for the dental industry, planning to use Ethereum smart contracts to improve the quality of dental care worldwide.

    Ongoing
  • Rhea

    Rhea is launching a new options trading platform called Crypto20 which is a weighted index of the top 20 cryptocurrencies at a given time.

    Crowdsale Ended
  • Cindicator

    Cindicator is developing a financial management platform based on “hybrid intelligence”, namely, using artificial intelligence to synthesize the collective intelligence of forecasters into conclusive signals for traders.

    Crowdsale Ended
  • Binary

    a trading company that specializes in binary options, forex and other markets, is now launching their new trading platform for investors to trade with cryptocurrencies.

    30 DAYS REMAIN
  • Nexus Social

    Nexus is a blockchain-based social media platform that incorporates e-commerce as well as privacy functions.

    Crowdsale Ended
  • ARToken by Cappasity

    Cappasity is introducing a decentralized AR/VR Ecosystem for 3D content creation and exchange powered by ARToken.

    Crowdsale Ended
  • Matryx

    A decentralized collaboration platform

    Crowdsale Ended
  • Rakugo

    Rakugo provides content creators with an Ethereum-blockchain-based platform for copyright management, publishing, and monetization.

    Crowdsale Ended
  • LAToken

    LAToken tokenizes and makes tradable fractions of assets

    Crowdsale Ended
  • 300Cubits

    blockchain initiative relieving the $23B pain points of the $150B container shipping industry through creation of a crypto currency called TEU and integration of industry process with Ethereum blockchain.

    Crowdsale Ended
  • Indorse

    Decentralised Professional Networking Platform

    Crowdsale Ended
  • Change Bank

    The First Truly Decentralised Crypto Bank

    Crowdsale Ended
  • Cryptum

    Funding the ultimate board games with free access for token owners

    Crowdsale Ended
  • Monetha

    Decentralised trust and reputation system, mix of PayPal and Trustpilot

    Crowdsale Ended
  • ChronoLogic

    ChronoLogic is creating a way for individuals and companies to secure value through Proof-of-Time. The company is doing so by creating the Chronos Platform – a way for people to create smart contracts pegged to time.

    Crowdsale Ended
  • AICoin

    AICoin is a passive investment vehicle created by First Global Credit (FGC), a bitcoin exchange and platform for trading in stocks, ETFs, and futures.

    Crowdsale Ended
  • UTRUST

    UTRUST is a ground-breaking payment platform that empowers buyers to pay with their favorite cryptocurrencies while providing the best consumer protection in the market.

    Crowdsale Ended
  • HelloGold

    HelloGold brings gold and blockchain to hundreds of millions of people across Asia

    Crowdsale Ended
  • Filecoin

    Filecoin is a decentralized storage network built on a blockchain with a native token.

    Crowdsale Ended
  • Bankera

    Regulated bank for the blockchain era

    Crowdsale Ended
  • Fluence

    Fluence is a blockchain-based data storage platform that allows for decentralized storage and management of encrypted structured data.

    Undisclosed
  • Lordmancer II

    Open-world MMORPG on mobile, mining cryptocurrency

    25 DAYS REMAIN
  • Civic

    Civic is a blockchain-based identity management platform that allows for on-demand, secure, low-cost identity verification. Android and iOS apps are already available.

    Crowdsale Ended
  • KickICO

    Platform for cryptocurrency crowdfunding

    Crowdsale Ended
  • IMMLA

    International MultiModal Logistic Application

    Crowdsale Ended
  • UnikoinGold

    Description

    Undisclosed
  • TokenStars

    Tokenizing celebrities for funding and promoting rising stars

    Ongoing
  • Storm

    Decentralized micro-job marketplace economy

    Crowdsale Ended
  • Decentraland

    Virtual reality world where users can buy and build on parcels of land

    Crowdsale Ended
  • Ethereum Plus

    Undisclosed
  • Po.et

    Crowdsale Ended
  • Soma

    Decentralized social marketplace

    Crowdsale Ended
  • Byteball

    Undisclosed
  • Target Coin

    Undisclosed
  • Sosnovkino

    MODERN INVESTMENT PROJECT IN CONSTRUCTION INDUSTRY BASED ON BLOCKCHAIN TECHNOLOGY

    Crowdsale Ended
  • DisLedger

    Distributed ledger

    Crowdsale Ended
  • SynchroLife

    Decentralized Restaurant Recommendation Platform

    Crowdsale Ended
  • Proof

    Easily create your own blockchain-based tokens, trade them, or buy from others

    Crowdsale Ended
  • Opus

    Crowdsale Ended
  • EOS

    Undisclosed
  • Stox

    Undisclosed
  • Propy

    Global property Store with Decentralized Title Registry

    Crowdsale Ended
  • SunContract

    Undisclosed
  • investFeed

    Undisclosed
  • Kik

    Undisclosed
  • MyBit

    MyBit is a decentralised asset management platform which leverages blockchain technology to record the ownership, registration, and transfer of assets.

    Crowdsale Ended
  • Presearch

    Decentralized search engine

    Crowdsale Ended
  • Encrypgen

    Undisclosed
  • InsureX

    Undisclosed