KnoxFS works as a decentralized hybrid storage solution allowing individuals to store data in a secure, decentralized, and private manner. Working as a Decentralized Autonomous Organization (DAO), KnoxFS is based on community support and voluntary contributions. The users sharing and storing data will utilize decentralized storage networks secured by blockchain and IPFS technology. Apart from the storage abilities, the users can also earn the native cryptocurrency KFX by supporting the network.
Encrypted Distributed File Sharing and Decentralized Storage
KnoxFS is giving its users cost-effective access to the storage servers across the globe, leveraging their unused storage space and distributing the…
On May 31 2021 all KFX coins that are held in ‘Cryo’ on Vault.Investments, will be unlocked. This will give all users the freedom to host their coins elsewhere if they like. Those who own at least 1000 KFX will have the opportunity to setup a masternode and earn masternode rewards.
Masternodes can be setup on a personal VPS, or they can be hosted on a third party hosting service. One of these services is Flits: https://flitswallet.app/
Flits has a very easy to use mobile app for iOS and Android, that let’s you setup and manage a KFX masternode.
Knox FS Project… the Phoenix.
A phoenix is a mythical bird from Greek mythology which was periodically consumed by fire every 500 years, then rose from its own ashes.
When the time to decease arrived, it would make a nest, lay a single egg and on the third day, it burned. The Phoenix was burned entirely and, when reduced to ashes, the same Phoenix, always unique and eternal, would rise from the egg.
KnoxFS is currently experiencing a similar fate. The project was originally created in 2018 under the name AEG.
Now recreated with new tokenomics, a new name and…