Functionland

Decentralized Cloud Alternative

Functionland's Fula platform leverages unused computer resources to provide a decentralized, cost-effective cloud storage solution with full user control and superior functionality.

DePIN
Decentralized Storage
Functionland's Fula platform is poised to disrupt the $500B+ cloud storage market by leveraging unused computer resources to create a decentralized, cost-effective alternative data storage with unparalleled user control and privacy. Our vision extends beyond Web3, aiming to become the first data logistics platform for both Web2 and Web3 ecosystems. Functionland started 4 years ago (before word DePIN existed) and have gained a strong reputation in the industry.

Highlights

Innovative Technology
Fula offers unique support for all data types, including real-time access and streaming, providing faster, cheaper storage with extensive application options.
Robust Traction
900 nodes shipped globally, 108,000 testnet registrations, and 2,000+ dApp downloads showcase strong market validation.
Strategic Partnerships
Collaborations with industry leaders like Koii, BEVM, Streamr, U2U Network, RocketPool, and Amaze File Manager, unlocking access to 1.5M+ potential users.
Revenue Potential
Targeting $14M annually in 18 months and $100M in 5 years through hardware sales and recurring software protocol fees.
Expert Team & Advisors
Led by seasoned developers with 20+ years of experience, backed by advisors from Robinhood Trading and Protocol Labs. Forbes-recognized advisors include the "Branding Whisperer" and "The Future of AI" experts.
Dedicated Hardware
FxBlox, our plug-and-play smart server designed by world-renowned industrial designer Yves Behar, enables easy network participation.
Strong Investor Backing
Supported by Protocol Labs (Filecoin), Delta Blockchain Fund, Parity (Polkadot), Outlier Ventures, Techstars, and SingularityDAO.
Market Readiness
Upcoming token launch (September 2024) with confirmed listings on CEXs, followed by DEX presence on Ethereum/Uniswap.

Key success factors

Providing full privacy for data with the same features of cloud storage like sharing
2 times cheaper than cloud storage to store data
Anyone can passively earn by renting storage with any Windows or Linux computer (or even a raspberry pi)
Support for any mobile application, such as Instagram-alternative
Support for decentralized AI protocols (partner of Singularity)

Tokenomics

Token utility description

  • Using Fula storage network to store data (through dApp) and paying with tokens to storage providers
  • Using dApps built for Fula network and paying with tokens to app developers
  • Stake to get a discount for Fula dApps and to be able to participate in DAO, voting on grants and priorities
  • One-click join to other protocols and rent and use compute, bandwidth and GPU by staking fula token
  • Adding a plugin for FxBlox for projects requires staking fula tokens

$0.015

AngelBlock Token Price

$0.025

Initial price at TGE

2,000,000,000

Max. token supply

$197,500.000 (Excl. Liquidity)

Init. market cap

0,4% (Excl. Liquidity)

Init. circulating supply

$FULA

Token symbol

Ethereum logo Ethereum

Network

Tokenomics Structure

Liquidity

3.00%

Strategic Partners

4.00%

Ecosystem / Treasury

22.70%

Mining

24.00%

Advisors

2.85%

Pre-seed

6.00%

Founder / Team

19.00%

Sale - Public

2.00%

Sale - KOL

0.30%

Strategic

10.00%

Seed

5.65%

Airdrop

0.30%

Vesting Chart

AngelBlock investor info

1st of December 2024

TGE date

10%

Unlock after Cliff

4 months

Cliff period

15 months

Token unvesting

Team

Ehsan Shariati

Ehsan Shariati

CEO

has been in management positions at the largest retail corporations for over 10 years. He studied electrical engineering and got his master's degree from University of Colorado at Boulder. He is a full stack developer with over 20 years of professional application development and hardware development, who is experienced in a variety of programming languages and PCB design. He is also a project manager, and has PMP, ITIL and SCRUM certificates. He has developed several systems including a shopping mall ERP system, as well as an insurance ERP and hardware+software solutions for large corporations such as L’Oreal.
Keyvan Sadeghi

Keyvan Sadeghi

CSO

is an avid open-source contributor since 2012 (when he joined OpenCog's AGI development team alongside Ben Goertzel). He holds an MSc in Artificial Intelligence from University of Southampton, UK. He's served in various technical executive positions for about a decade and been affiliated with many start-ups, including two that he co-founded.
Kate Withers Hess

Kate Withers Hess

BD

is a business development and commercialization specialist and has worked with multiple startups and SMEs to realize their non-dilutive funding, investment, and revenue generation goals. Strategic project advisor to Centennial College's projects involving machine learning. Bootstrapping a B2B marketplace technology startup in the construction sector.
Raise
Softcap: TBA
$0

Hardcap to be announced


Time to raise

TBA


Min-max investment:

TBA

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