Folder Protocol is set to launch on Flybit.com
Folder Protocol’s FOLDER token will be launched on Flybit Exchange at 18:00 (KST) 13th November 2020, the world’s leading digital asset trading platform. In addition to listing, the two parties will cooperate on liquidity management, branding, and innovative transaction technology.
Folder Protocol’s network will benefit the users for the quicker retrieval and wider distribution of content.
About FLYBIT
Since the establishment of the Korea Digital Exchange Corporation in July 2017, the virtual asset exchange DEXKO has been opened on March 15, 2018. It is one of 12 exchanges that passed the self-regulation standard of 23 cryptocurrency exchanges on July 11, 2018, and is currently operating without accidents. After Flybit rebranding on April 13, Flybit has been focusing on improving user experience (UX), interface (UI), and service to increase exchange awareness and customer convenience. Meanwhile, Flybit has a total of 19 DeFis including Mantra Dao(OM), Ave(LEND), 0x(ZRX), Chainlink(LINK), Yearn Finance(YFI), SushiSwap(SUSHI), and Polka Dot (DOT). DeFi Token is listed and supports the largest DeFi token transaction service in Korea.
About Folder Protocol
Folder Protocol is a decentralized storage network that turns cloud storage into an algorithmic market. The market runs on a blockchain with a native protocol token (FOLDER Token), which miners earn by providing storage to clients. Conversely, clients spend FOLDER token hiring miners to store or distribute data. As with Bitcoin, FOLDER token miners compete to mine blocks with sizable rewards, but Folder Protocol mining power is proportional to active storage, which directly provides a useful service to clients (unlike Bitcoin mining, whose usefulness is limited to maintaining blockchain consensus). This creates a powerful incentive for miners to amass as much storage as they can, and rent it out to clients. The protocol weaves these amassed resources into a self-healing storage network that anybody in the world can rely on. The network achieves robustness by replicating and dispersing content, while automatically detecting and repairing replica failures. Clients can select replication parameters to protect against different threat models. The protocol’s cloud storage network also provides security, as content is encrypted end-to-end at the client, while storage providers do not have access to decryption keys.
