What is Ferrum Network (FRM)? Details about the Ferrum Network project and the FRM-Coin
What is Ferrum Network (FRM)?
Ferrum Network is a decentralized financial platform (DeFi) designed for cross-chain interoperability and high-speed transactions in an intuitive, easy-to-use service. The Ferrum product line includes multiple features including fiat gateways, crypto exchanges, crypto custody, integrated wallets, risk-free over-the-counter (OTC) trading and peer-to-peer payments. In addition, Ferrum Network has a mobile messaging app service that allows users to send crypto payments via SMS.
Features of the Ferrum network
Ferrum Network gives users flexibility in staking out, this function acts as a kind of decentralized savings account. Ferrum is becoming a major player in staking as a service (SaaS) and offers solutions for dozens of projects worldwide. Users can wager ERC-20 tokens and earn profits in the process. The winnings for staking vary depending on the asset used and the lock-up period chosen.
Additionally, the upcoming Iron Mountain campaign is a VIP community-focused fundraising initiative that aims to embrace the Ferrum ecosystem on a large scale through various staking solutions.
Interoperability is one of the core principles of Ferrum Network. The Ferrum Network Token Bridge enables a quick and easy token swap between Ethereum and Binance Smart Chain. In addition, this is presented in a simple user interface and is a low cost method of transferring between ERC-20 and BEP-20 assets.
Infinity DEX is a cross-chain decentralized exchange. The DEX offers a wide range of professional trading features, including AI-powered market insights and margin trading. In addition, Infinity DEX enables extremely fast transactions with low fees. This is especially attractive to those who cannot afford the high gas fees on Ethereum.
Ferrum Network Foundry was created to solve many of the problems faced by cryptocurrency incubators and launch platforms. This includes social engagement, long-term strategic planning and continuous innovation. Foundry uses a decentralized fundraising model, backed by some of the biggest names in the industry, to support the long-term success of a project from pre-launch to scalability to mass adoption.
The Foundry was developed in collaboration with DuckDAO and offers comprehensive long-term advice and support for two successful communities. The Venture Capital (VC) initiative draws on the mining expertise and success of one of the most respected crypto incubator projects in the field. Together, the two projects aim to offer crypto startups around the world an attractive service.
Ferrum Network’s products provide users
The free Sub Zero Wallet offers a military grade mobile cold wallet solution to protect your digital assets with your Android phone. In addition, this can be achieved even when the phone is offline. While cold storage hardware wallets are quite cheap for some, they just can’t be afforded for many. The Sub Zero Wallet effectively enables anyone to turn an old mobile phone into a secure hardware wallet. That makes paying with crypto as easy as a text message or an email!
In addition, Sub Zero Wallet allows users to easily move assets from cold storage to hot storage using a QR code. Since the Sub Zero Wallet is seamlessly integrated into the Ferrum Network ecosystem, this gives users instant access to exchanges such as Infinity DEX.
UniFyre Wallet makes crypto payments easier than ever with drop link technology. Users don’t have to go through the usual process of memorizing wallet addresses and worry if they entered an incorrect digit. UniFyre Wallet Link Drops enables anyone to securely deposit digital assets anywhere and with a simple link. This can be an email, text message, or any chat or social networking app. UniFyre Wallet can be downloaded from the Apple App Store and Google Play. In addition, UniFyre Wallet protects your digital assets even if you lose your device!
When it comes to driving the mass adoption of crypto, UniFyre Wallet makes crypto payments as easy as possible with over 9,000 downloads. In addition, UniFyre Wallet enables the staking of mobile decentralized finances (DeFi) and access to various DeFi services. This enables users to make passive income with DeFi!
Kudi is a payment app and wealth management platform designed to help Africans buy, sell and send digital and fiat money anywhere in the world with no middlemen or delivery fees. This is a turning point for many West Africans as local currencies and banking infrastructure often do not meet the needs of the population. Ferrum Network and the Kudi app are helping to end global poverty and economic inequalities by removing many barriers to financial services that were previously inaccessible.
The Kudi app helps businesses large and small across Nigeria reach new customers and make seamless, near-instant payments. Kudi app users can freely send multiple currencies anywhere in the world. In addition, this is achieved without the need for a third party intermediary. This type of crypto payment service helps promote financial inclusion. In addition, it serves as a protection against inflation and economic instability in times of greatest need. This offers banks with or without a lower bank a lot of convenience. In addition, the Kudi app offers powerful remittance, investment services and African fiat gateways.
Basic information about the FRM token
- Token name: Ferrum network
- ticker: FEI
- Blockchain: Ether
- Token standard: ERC-20
- contract: 0xe5caef4af8780e59df925470b050fb23c43ca68c
- Token type: Usefulness
- Total offer: 331,718,749 FRM
- Circulation supply: 115,531,410 FRM
- Public sale (ICO): 6%
- private sale: fifteen%
- Seed sales: 3%
- team: ten%
- Consultant / strategic partner: 8th%
- Market / ecosystem development: 22%
- marketing: fifteen%
- Incentive rewards for the network: 5%
- Reservations: 16%
What is FRM token used for?
Pay transaction fees on the network.
Holders of a certain number of FRM tokens have the right to participate in the pre-sale of projects supported by Ferrum Network.
FRM token storage wallet
FRM is an ERC20 token, so you have many wallet options to store this token. You can choose from the following wallets:
- Floor purse
- Popular ETH wallets: Metamask, Myetherwallet, Mycrypto, Coin98 Wallet
- Cold wallets: Ledger, Trezor
How to earn and own FRM tokens
Buy directly on the stock exchange
Where can I buy and sell FRM tokens?
Currently, FRM is traded on many different exchanges with a total daily trading volume of approximately $ 317.3 thousand. The exchanges listing this token include: Uniswap, Kucoin, AscenDex, 1Inch …
What does the future of the Ferrum Network project look like, should I invest in FRM tokens?
Ferrum is a DeFi project that is equipped with cross-chain interoperability as well as high-speed transaction processing capabilities. In addition to the basic functions of the network such as staking, token bridge, the project development team has also launched products that support users quite well, such as Sub Zero Wallet, Unifyre Wallet and Kudi App. Ferrum Network is also being developed as a Crypto Incubator with some notable projects like Poolz and Bondly, but in general, Ferrum Network is a project of little importance. Through this article, you must have some understanding of the basic information about the project in order to make your own investment decisions. CoinCu is not responsible for your investment decisions. I wish you every success and a lot of profit from this potential market.