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Ferrum Network

FRM

Ferrum Network is a fintech company that has built a high-speed interoperability network designed for real-world financial applications. Approved

Infrastructure

Available chain:

Ethereum & Polygon

Token symbol:

FRM

Website:ย 

https://ferrum.network/

๐Ÿ’ตTokenomics

Total transaction tax: None

The Ferrum Network (FRM and FRMx) token protocol inherits from Openzeppelin's ERC-20 burnable contract. This extension of ERC20 allows token holders to destroy both their own tokens and those that they have an allowance for, in a way that can be recognized off-chain (via event analysis).

In terms of non-token contract protocol utility, the FRMx token grants its holders governance over the FRMx and FRM staking regimes. More information can be found here:
- https://medium.com/ferrumnetwork/introducing-frmx-a-sustainable-staking-governance-token-2524d837ddb3
โ€
- https://medium.com/ferrumnetwork/introducing-the-frmx-governance-committee-de421485468d

โ€

Security token?: 2/5 The ferrum network token is used in the ferrumnetwork ecosystem comprising of multiple products it offers its clients.

๐Ÿ’ฒ Token

Available chain:

Ethereum & Polygon

Total supply:

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Market capitalisation:

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Available DEX/ย CEXย :

    ๐Ÿš€Presale

    Launch type: ICO

    โ€ICO Token price: 1 FRM = $0.016

    โ€Amount raised: $1'120'000

    โ€Hardcap reached: โœ”๏ธ

    โ€ICO KYC: Yes

    โ€ICO date: 01.08.2019

    โ€

    Start date (UTC time):

    End date (UTC time):

    Sale platform:

    Sale round:

    Access link:

    Whitelist requirements:

    target raised amount:

    Presale swap rate:

    Presale token valuation:

    Maximum spend per account:

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    Presale review:

    ๐Ÿ”’ Security

    Security Smart Contract audit: โœ”๏ธ

    โ€Locked team tokens: โœ”๏ธ vested monthly

    โ€Locked Liquidity: โœ”๏ธ

    โ€Rug check: No red flag - SAFU โœ”๏ธ

    โ€Renounced ownership: โŒ

    ๐Ÿš€Launch

    Launch type: ICO

    โ€ICO Token price: 1 FRM = $0.016

    โ€Amount raised: $1'120'000

    โ€Hardcap reached: โœ”๏ธ

    โ€ICO KYC: Yes

    โ€ICO date: 01.08.2019

    โ€

    ๐Ÿ“ŠHodlers

    Holder count: 5'720

    โ€Number of whales (>1% supply): 3

    โ€Largest non-team address balance (% of total supply): 2.43%

    โ€

    ๐Ÿ˜ƒ Executive Team

    Team doxxed: โœ”๏ธ

    โ€KYC performed: โœ”๏ธ Through a video call

    โ€

    ๐Ÿ’ฌ Community

    Telegram members: 20319

    โ€Botted Telegram: No

    โ€Reddit subscribers: 1140

    โ€Twitter followers: 33041

    โ€% fake Twitter followers: 17.8%

    Website SEO: 87/100

    โ€

    ๐ŸคผSimilar category

    ๐Ÿ›ฉ๏ธFundamentals

    Project category: Infrastructure

    โ€Project description: Ferrum Network is a fin tech company that has built a high-speed interoperability network designed for real-world financial applications. With Ferrum, users can exchange and transact any digital asset, peer-to-peer, in milliseconds, for near-zero fees. You can think of it like lightening network, but for all the blockchains

    โ€Products:
    - Kudi Exchange
    - Unifyre
    - Infinity Dex
    - Subzero Wallet
    - Staking as a service
    - Anti-bot functionnalities

    โ€Token utility:
    - Blockchain gas
    - Token bridge access
    - Unlock features on Ferrum's products
    - Staking

    โ€Business model: B2C and B2B

    โ€

    ๐Ÿ‘ Review

    - Experienced and resilient management team (they "survived" and consolidated through the crypto winter)

    - Sustainable business model

    - Multiple existing products

    - Focus on token utility

    - Different verticals (anti-bot, staking), unlocking further token utility and revenue potential

    - Very active online community

    - Deflationnary token

    ๐Ÿ’ฌ ๏ธWhat the community says


    https://renproject.io/

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