Topic: [ANN] Ferrum Network | BITMAX | Flexible DeFi Staking | FAS Pre-Sales 🔥 (Read 14352 times)
March 04, 2023, 12:12:04 PM
The competitive advantage of this project is its Interoperability 2.0 technology, which has the potential to greatly increase efficiency and flexibility in the blockchain space. The team behind Ferrum Network is highly experienced and has a proven track record, making the project one of the most interesting in the blockchain industry.
February 23, 2023, 06:13:33 PM
Ferrum Network is sponsoring PolyCon 2023, the upcoming conference by @PolyDoge
⏳Start: Thursday, Feb 23, 15:00 UTC
⌛End: Saturday, Feb 25, 04:55 UTC
https://twitter.com/FerrumNetwork/status/1628339365029068800
⏳Start: Thursday, Feb 23, 15:00 UTC
⌛End: Saturday, Feb 25, 04:55 UTC
https://twitter.com/FerrumNetwork/status/1628339365029068800
February 22, 2023, 02:47:49 PM
📣Ferrum Network Testnet Demo Video (Part 1)🔥
❗️The first Ferrum Network Testnet Demo Video just dropped, marking the beginning of a series of demos that will showcase the groundbreaking products and solutions.
🎥Watch:
https://youtu.be/sf_dtIKVWuE
https://twitter.com/FerrumNetwork/status/1627760641002901504
❗️The first Ferrum Network Testnet Demo Video just dropped, marking the beginning of a series of demos that will showcase the groundbreaking products and solutions.
🎥Watch:
https://youtu.be/sf_dtIKVWuE
https://twitter.com/FerrumNetwork/status/1627760641002901504
September 28, 2023, 03:02:35 PM
latest weekly mainnet update:
🔎 Internal Audit Initiated: Ferrum Network kicked off an extensive internal audit of the Ferrum Node and its associated smart contracts. This meticulous review process is a crucial step toward ensuring the robustness, integrity, and security of systems.
📖 Documentation Upgrade: In response to user suggestions, Ferrum Network taken a giant leap forward in enhancing user"s experience with Ferrum Network. documentation approach has been completely revamped. Instead of overwhelming users with a one-size-fits-all stream of information, Ferrum Network adopted a user-centric strategy.
More information - https://twitter.com/FerrumNetwork/status/1704898543356424219
🔎 Internal Audit Initiated: Ferrum Network kicked off an extensive internal audit of the Ferrum Node and its associated smart contracts. This meticulous review process is a crucial step toward ensuring the robustness, integrity, and security of systems.
📖 Documentation Upgrade: In response to user suggestions, Ferrum Network taken a giant leap forward in enhancing user"s experience with Ferrum Network. documentation approach has been completely revamped. Instead of overwhelming users with a one-size-fits-all stream of information, Ferrum Network adopted a user-centric strategy.
More information - https://twitter.com/FerrumNetwork/status/1704898543356424219
September 14, 2023, 10:59:57 AM
News about mainnett
!! Improving Testing Infrastructure: Ferrum Network have been diligently working on developing tools to streamline the process of writing Quantum Portal unit tests. This effort is geared towards boosting product stability, ensuring that Quantum Portal operates flawlessly.
🤖 Developer Workflow Simplification: Simplicity and efficiency are paramount in development process. To this end, Ferrum Network creating a suite of tools designed to simplify a QP developer's workflow. The ultimate goal is to enable developers to initiate all nodes and dependencies with a single command, enhancing efficiency and productivity.
More information - https://twitter.com/FerrumNetwork/status/1702337624466469043
!! Improving Testing Infrastructure: Ferrum Network have been diligently working on developing tools to streamline the process of writing Quantum Portal unit tests. This effort is geared towards boosting product stability, ensuring that Quantum Portal operates flawlessly.
🤖 Developer Workflow Simplification: Simplicity and efficiency are paramount in development process. To this end, Ferrum Network creating a suite of tools designed to simplify a QP developer's workflow. The ultimate goal is to enable developers to initiate all nodes and dependencies with a single command, enhancing efficiency and productivity.
More information - https://twitter.com/FerrumNetwork/status/1702337624466469043
August 13, 2023, 11:07:15 AM
Mainnet
During July, mainnet team launched several new services related to the quantum portal network to production. Ferrum Network have won a Kusama slot and if there are no unexpected blockers, they are expecting the QPN to be launched this month.
MultiSwap
The team were able to implement the Settlement Engine which helps in providing a more precise and reliable trading experience while accounting for market fluctuations.
The team has also started working on the node and signing infrastructure where they will create a generator, validator, and master node to secure every transaction that goes through MultiSwap.
COSMWASM MultiSwap Integration
The team was able to successfully deliver milestone 4 which included integrating with Cudos mainnet and conducting swaps to and from Cudos with multiple other networks. The milestone is currently under review and is expected to be approved within the month of August.
More detail - https://medium.com/ferrumnetwork/monthly-development-report-july-2023-1a1537e730dc
During July, mainnet team launched several new services related to the quantum portal network to production. Ferrum Network have won a Kusama slot and if there are no unexpected blockers, they are expecting the QPN to be launched this month.
MultiSwap
The team were able to implement the Settlement Engine which helps in providing a more precise and reliable trading experience while accounting for market fluctuations.
The team has also started working on the node and signing infrastructure where they will create a generator, validator, and master node to secure every transaction that goes through MultiSwap.
COSMWASM MultiSwap Integration
The team was able to successfully deliver milestone 4 which included integrating with Cudos mainnet and conducting swaps to and from Cudos with multiple other networks. The milestone is currently under review and is expected to be approved within the month of August.
More detail - https://medium.com/ferrumnetwork/monthly-development-report-july-2023-1a1537e730dc
August 09, 2023, 11:48:39 AM
Mainnet Weekly Update:
👉 Docker-Compose Integration: new template effortlessly integrates node and monitoring tools within a docker-compose setup.
👉 Simplified Launch: This update streamlines the node setup and deployment process for miners, ensuring a smoother launch experience.
👉 Custom Dashboards: Miners can now design and add tailor-made dashboards to keep a close watch on their node's status.
More detail - https://twitter.com/FerrumNetwork/status/1689277188191748101
👉 Docker-Compose Integration: new template effortlessly integrates node and monitoring tools within a docker-compose setup.
👉 Simplified Launch: This update streamlines the node setup and deployment process for miners, ensuring a smoother launch experience.
👉 Custom Dashboards: Miners can now design and add tailor-made dashboards to keep a close watch on their node's status.
More detail - https://twitter.com/FerrumNetwork/status/1689277188191748101
July 30, 2023, 03:18:46 PM
Ferrum Network announced a significant update in their communication strategy. Moving forward, all presale and incubation news will be shared exclusively within The Decentralized Incubator community channels. The Decentralized Incubator will officially launch on Monday, July 31st, with a limited-time offer promo to access upcoming presales
More detail - https://twitter.com/FerrumNetwork/status/1684953395877105664
More detail - https://twitter.com/FerrumNetwork/status/1684953395877105664
July 27, 2023, 11:12:44 AM
Ferrum is launching the first iteration of it’s mainnet infra as Quantum Portal Network (QPN) on Kusama. Unlike other networks that have attempted to utilize Kusama as a true mainnet testing and refining environment, Ferrum Network are not issuing a new token. Instead, the existing FRM token will be utilized for fees on QPN.
More information - https://medium.com/ferrumnetwork/securing-slot-2274-for-quantum-portal-network-with-126-ksm-the-foundation-of-ferrums-mainnet-10fe8435ec2
More information - https://medium.com/ferrumnetwork/securing-slot-2274-for-quantum-portal-network-with-126-ksm-the-foundation-of-ferrums-mainnet-10fe8435ec2
April 02, 2023, 04:09:37 PM
Ferrum Network has entered into a multifacited partnership with ChainGPT, an AI platform focused on delivering powerful AI solutions for the crypto and blockchain industry. ChainGPT offers a wide range of AI-powered services, including blockchain analytics, AI trading, smart-contract development, AI auditing, risk management, and crypto news.
more information - https://twitter.com/FerrumNetwork/status/1641147534344060928
more information - https://twitter.com/FerrumNetwork/status/1641147534344060928
ChainGPT is a hyped project as I see.
And clock is ticking for their TGE. Guess, FRM catch the good fish again. Don't have any info about ChainGPT vesting, but contributors can multiply their money I think.
Good luck.
BTW, only use case for FRM token holders is FAS sale anymore. If you still hold $FRM, don't miss it. Bull is coming and FAS projects make good money.
March 29, 2023, 06:30:59 PM
Ferrum Network has entered into a multifacited partnership with ChainGPT, an AI platform focused on delivering powerful AI solutions for the crypto and blockchain industry. ChainGPT offers a wide range of AI-powered services, including blockchain analytics, AI trading, smart-contract development, AI auditing, risk management, and crypto news.
more information - https://twitter.com/FerrumNetwork/status/1641147534344060928
more information - https://twitter.com/FerrumNetwork/status/1641147534344060928
March 29, 2023, 02:28:08 PM
...
I was following Ferrum's FRM token and was holding from its TGE.
Everything was awesome but they've left their roadmap a while ago. Their solutions for problems left alone.
All developments in the roadmap have been abandoned. The things that are said to be done are no longer even on the agenda.
interoperability seems to be purely imaginary.
They have completely turned into a form that turns to whatever is on the agenda in the market and tries to save the day instead of offering realistic solutions.
But this couldn't make me forget what they've done for me so far. As I said, I haven't sold my FRM tokens (or even FRMx for a period) since day one. However, they recently merged FRMx and FRM under the name of a merge. But in doing so, they not only eliminated FRMx, they doubled the number of FRMs. This is a process that obviously victimized FRM investors like me and myself, and despite all the objections, they didn't even give a logical answer about it. Also, it was hilarious that they advertised that we are burning 14 million tokens despite the supply increase of more than 300 million.
As a result, they drove me and many like-minded people away from Ferrum Network.
Even Ian Friend has changed so much after 2019... That humble, excited person is gone, replaced by a person who despises others with greed.
For me, it's not about saving the day, but the projects that seek the truth... And for this reason, I have now cut off my ties with Ferrum Network. Who knows, maybe we'll meet again...
March 07, 2023, 06:48:04 PM
Introducing Governance VIP Staking Pools!
A 3-month Staking Pool with 65% APY (cFRM Rewards) to thank most loyal community members who stuck with Ferrum throughout The Merge.
Who is it for?
Anyone who holds or stakes a minimum of 420,000 FRM/cFRM will be whitelisted to join this pool. Existing and new GC members are invited!
When will the snapshot be taken?
We will take a snapshot of addresses across all chains on March 14, 2023, at 16:00 UTC. All addresses that hold or stake the requisite amount of FRM will be whitelisted to stake in the GC VIP Pool.
When will the pool open?
March 15, 2023, at 16:00 UTC
What other benefits for joining the GC?
Access to exclusive presales/seed rounds, the opportunity to vote on critical decisions, 5% referral rewards, and much more!
After this pool unlocks, GC requirements will increase to 450,000 cFRM! So this is last opportunity to get into the GC with only 420,000 FRM/cFRM.
Crucible and CFRM are Live on Arbitrum!
This means Crucible, Ferrum Network's DeFi 2.0 sustainable staking product, is now compatible with Arbitrum. Users with FRM on Arbitrum can mint cFRM from their FRM tokens and stake them in the Crucible dashboard to start earning APRs based on transaction fees.
cFRM on Arbitrum Contract Address: 0xe685d3CC0be48BD59082eDe30C3b64CbFc0326e2
What is Crucible Staking?
Crucible is an innovative DeFi 2.0 sustainable staking platform built by Ferrum Network. It is designed to be deflationary, meaning that it helps burn tokens. The platform offers attractive staking rewards and enables users to earn passive income by staking their tokens. If you're looking for a secure and profitable way to earn rewards on your FRM holdings while also gaining access to other Ferrum Network ecosystem utilities, check out Crucible today.
Crucible: https://ferrum.network/crucible
🔥 Introducing Ferrum's Fortnight of Burns!
Ferrum Network team have decided to burn 14,000,000 FRM tokens in the form of cFRM over the next 14 days, with 1,000,000 tokens burned every day!
This strategic move will bring the Max Supply of FRM to an even 600,000,000 and create almost 300k cFRM in rewards for early Crucible stakers on Arbitrum. This decision will help to maintain a healthy ecosystem and ensure the long-term sustainability of the project.
The "Ferrum's Fortnight of Burns" will start tomorrow, and team will continue to burn 1,000,000 tokens every day for the next 14 days.
Learn more: https://t.me/ferrum_network_announcements/2124
A 3-month Staking Pool with 65% APY (cFRM Rewards) to thank most loyal community members who stuck with Ferrum throughout The Merge.
Who is it for?
Anyone who holds or stakes a minimum of 420,000 FRM/cFRM will be whitelisted to join this pool. Existing and new GC members are invited!
When will the snapshot be taken?
We will take a snapshot of addresses across all chains on March 14, 2023, at 16:00 UTC. All addresses that hold or stake the requisite amount of FRM will be whitelisted to stake in the GC VIP Pool.
When will the pool open?
March 15, 2023, at 16:00 UTC
What other benefits for joining the GC?
Access to exclusive presales/seed rounds, the opportunity to vote on critical decisions, 5% referral rewards, and much more!
After this pool unlocks, GC requirements will increase to 450,000 cFRM! So this is last opportunity to get into the GC with only 420,000 FRM/cFRM.
Crucible and CFRM are Live on Arbitrum!
This means Crucible, Ferrum Network's DeFi 2.0 sustainable staking product, is now compatible with Arbitrum. Users with FRM on Arbitrum can mint cFRM from their FRM tokens and stake them in the Crucible dashboard to start earning APRs based on transaction fees.
cFRM on Arbitrum Contract Address: 0xe685d3CC0be48BD59082eDe30C3b64CbFc0326e2
What is Crucible Staking?
Crucible is an innovative DeFi 2.0 sustainable staking platform built by Ferrum Network. It is designed to be deflationary, meaning that it helps burn tokens. The platform offers attractive staking rewards and enables users to earn passive income by staking their tokens. If you're looking for a secure and profitable way to earn rewards on your FRM holdings while also gaining access to other Ferrum Network ecosystem utilities, check out Crucible today.
Crucible: https://ferrum.network/crucible
🔥 Introducing Ferrum's Fortnight of Burns!
Ferrum Network team have decided to burn 14,000,000 FRM tokens in the form of cFRM over the next 14 days, with 1,000,000 tokens burned every day!
This strategic move will bring the Max Supply of FRM to an even 600,000,000 and create almost 300k cFRM in rewards for early Crucible stakers on Arbitrum. This decision will help to maintain a healthy ecosystem and ensure the long-term sustainability of the project.
The "Ferrum's Fortnight of Burns" will start tomorrow, and team will continue to burn 1,000,000 tokens every day for the next 14 days.
Learn more: https://t.me/ferrum_network_announcements/2124
March 03, 2023, 09:57:48 PM
Ferrum Network Whitepaper has been released!
This Whitepaper contains a detailed technical overview of the Ferrum Network, highlighting its prospective use cases, showcasing the benefits of its fast and low-cost transactions, multi-chain interoperability, and more!
WP: https://docs.ferrumnetwork.io/ferrum-network-ecosystem/
Learn more: https://t.me/ferrum_network_announcements/2117
Introducing The Merge: Setting Ferrum Network Up For Success!
Ferrum will be merging the supplies of FRMx and FRM in order to ensure the success and longevity of the Ferrum Network.
The team evaluated the pros and cons of a 2-parachain approach but ultimately decided that focusing on a single network was the best option for a variety of reasons, including simplifying token utility and development, avoiding confusion for new community members, and retaining enough reserve tokens to ensure the success of the network.
The merge is designed to simplify Ferrum's tokenomics, technology, roadmap, and value proposition to new and existing community members.
Learn more: https://medium.com/ferrumnetwork/introducing-the-merge-setting-ferrum-network-up-for-success-2b23d961fbf0
Arbitrum FRM Has Been Airdropped - FRM/ETH Liquidity Added to SushiSwap
💸As The Merge continues to take shape, Arbitrum FRM has been airdropped to all FRMx/cFRMx holders and stakers in accordance with the ratio determined as of the FRM/FRMx price snapshot held at 11am EST today.
👉Furthermore, team added FRM/ETH liquidity to Sushiswap, and now they are working on importing Crucible to Arbitrum, stay tuned!
Arbitrum FRM contract address: 0x9f6AbbF0Ba6B5bfa27f4deb6597CC6Ec20573FDA
🍣Link to Sushiswap FRM/ETH LP: https://app.sushi.com/swap?chainId=42161&inputCurrency=ETH&outputCurrency=0x9f6AbbF0Ba6B5bfa27f4deb6597CC6Ec20573FDA
This Whitepaper contains a detailed technical overview of the Ferrum Network, highlighting its prospective use cases, showcasing the benefits of its fast and low-cost transactions, multi-chain interoperability, and more!
WP: https://docs.ferrumnetwork.io/ferrum-network-ecosystem/
Learn more: https://t.me/ferrum_network_announcements/2117
Introducing The Merge: Setting Ferrum Network Up For Success!
Ferrum will be merging the supplies of FRMx and FRM in order to ensure the success and longevity of the Ferrum Network.
The team evaluated the pros and cons of a 2-parachain approach but ultimately decided that focusing on a single network was the best option for a variety of reasons, including simplifying token utility and development, avoiding confusion for new community members, and retaining enough reserve tokens to ensure the success of the network.
The merge is designed to simplify Ferrum's tokenomics, technology, roadmap, and value proposition to new and existing community members.
Learn more: https://medium.com/ferrumnetwork/introducing-the-merge-setting-ferrum-network-up-for-success-2b23d961fbf0
Arbitrum FRM Has Been Airdropped - FRM/ETH Liquidity Added to SushiSwap
💸As The Merge continues to take shape, Arbitrum FRM has been airdropped to all FRMx/cFRMx holders and stakers in accordance with the ratio determined as of the FRM/FRMx price snapshot held at 11am EST today.
👉Furthermore, team added FRM/ETH liquidity to Sushiswap, and now they are working on importing Crucible to Arbitrum, stay tuned!
Arbitrum FRM contract address: 0x9f6AbbF0Ba6B5bfa27f4deb6597CC6Ec20573FDA
🍣Link to Sushiswap FRM/ETH LP: https://app.sushi.com/swap?chainId=42161&inputCurrency=ETH&outputCurrency=0x9f6AbbF0Ba6B5bfa27f4deb6597CC6Ec20573FDA
January 25, 2023, 07:15:07 PM
https://twitter.com/crypt_odio/status/1618250088828268545 - Ferrum testnet started producing blocks
Mainnet
The mainnet team is zoned in on releasing the alpha version of public testnet which will give node runners the ability to get their hands on the FVM and start running Ferrum Nodes.
MultiSwap
The MultiSwap team is upgrading the Node Infra to add security and redundancy for abandoned transactions. Additionally, the MultiSwap team is working on releasing Refinery and Ionic Swaps in Public Alpha in Q1 2023.
https://medium.com/ferrumnetwork/monthly-development-report-january-2023-d637b97083b7
How to connect metamask to Ferrum Testnet
Where to view transactions
Substrate Explorer : https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Ftestnet.dev.svcs.ferrumnetwork.io#/explorer
Faucet
https://testnet.dev.svcs.ferrumnetwork.io/faucet/
Config
Network Name : Ferrum Testnet
RPC URL : http://testnet.dev.svcs.ferrumnetwork.io:9933
ChainId : 26026
Currency : tFRM
More details - https://github.com/ferrumnet/ferrum-network/blob/develop/docs/connect-metamask.md
📣Ferrum Network Testnet Demo Video (Part 1)🔥
❗️The first Ferrum Network Testnet Demo Video just dropped, marking the beginning of a series of demos that will showcase the groundbreaking products and solutions.
🎥Watch:
https://youtu.be/sf_dtIKVWuE
https://twitter.com/FerrumNetwork/status/1627760641002901504
Ferrum Network is sponsoring PolyCon 2023, the upcoming conference by @PolyDoge
⏳Start: Thursday, Feb 23, 15:00 UTC
⌛End: Saturday, Feb 25, 04:55 UTC
https://twitter.com/FerrumNetwork/status/1628339365029068800
[Moderator note: consecutive posts merged (separated via horizontal lines)]
Mainnet
The mainnet team is zoned in on releasing the alpha version of public testnet which will give node runners the ability to get their hands on the FVM and start running Ferrum Nodes.
MultiSwap
The MultiSwap team is upgrading the Node Infra to add security and redundancy for abandoned transactions. Additionally, the MultiSwap team is working on releasing Refinery and Ionic Swaps in Public Alpha in Q1 2023.
https://medium.com/ferrumnetwork/monthly-development-report-january-2023-d637b97083b7
How to connect metamask to Ferrum Testnet
Where to view transactions
Substrate Explorer : https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Ftestnet.dev.svcs.ferrumnetwork.io#/explorer
Faucet
https://testnet.dev.svcs.ferrumnetwork.io/faucet/
Config
Network Name : Ferrum Testnet
RPC URL : http://testnet.dev.svcs.ferrumnetwork.io:9933
ChainId : 26026
Currency : tFRM
More details - https://github.com/ferrumnet/ferrum-network/blob/develop/docs/connect-metamask.md
📣Ferrum Network Testnet Demo Video (Part 1)🔥
❗️The first Ferrum Network Testnet Demo Video just dropped, marking the beginning of a series of demos that will showcase the groundbreaking products and solutions.
🎥Watch:
https://youtu.be/sf_dtIKVWuE
https://twitter.com/FerrumNetwork/status/1627760641002901504
Ferrum Network is sponsoring PolyCon 2023, the upcoming conference by @PolyDoge
⏳Start: Thursday, Feb 23, 15:00 UTC
⌛End: Saturday, Feb 25, 04:55 UTC
https://twitter.com/FerrumNetwork/status/1628339365029068800
[Moderator note: consecutive posts merged (separated via horizontal lines)]
January 20, 2023, 03:29:34 AM
When will it be listed on tokenmarketcap www.tokenmarketcap.org ?
January 11, 2023, 08:51:35 PM
ferrum launch MultiSwap Private Alpha!
Multiswap is Ferrum’s multichain DEX aggregator for fast, easy and secure swaps of any asset to any wallet.
https://twitter.com/FerrumNetwork/status/1609938053497225217
Mainnet
The tests with adding the Ferrum RPC endpoint to MetaMask were successful, showing EVM compatibility. Ferrum were also able to conduct account-to-account transfers. Now team are focusing on documentation to provide guidance regarding how to run a node, and supporting infrastructure to make running nodes easier.
https://medium.com/ferrumnetwork/monthly-development-report-december-2022-eced95d04194
[Moderator note: consecutive posts merged (separated via horizontal lines)]
Multiswap is Ferrum’s multichain DEX aggregator for fast, easy and secure swaps of any asset to any wallet.
https://twitter.com/FerrumNetwork/status/1609938053497225217
Mainnet
The tests with adding the Ferrum RPC endpoint to MetaMask were successful, showing EVM compatibility. Ferrum were also able to conduct account-to-account transfers. Now team are focusing on documentation to provide guidance regarding how to run a node, and supporting infrastructure to make running nodes easier.
https://medium.com/ferrumnetwork/monthly-development-report-december-2022-eced95d04194
[Moderator note: consecutive posts merged (separated via horizontal lines)]
December 15, 2022, 10:52:00 PM
Ferrum Network $FRM - Token Overview
Ferrum Network is a large multichain "Blockchain as a Service" DeFi ecosystem.
Retweet: https://twitter.com/FiatBubble/status/1603597570684911616
December 09, 2022, 05:07:10 PM
Development Report
November 2022
Ferrum is back with some development updates!
We're excited to share a mid-quarter (Q4 2022) update with you regarding Ferrum Network's development progress.
We've organized the work that's been done by individual team members so that you know who in the Ferrum Team is responsible for what!
Find out more in the report:
https://medium.com/ferrumnetwork/monthly-development-report-november-2022-9b84e182faa8
November 2022
Ferrum is back with some development updates!
We're excited to share a mid-quarter (Q4 2022) update with you regarding Ferrum Network's development progress.
We've organized the work that's been done by individual team members so that you know who in the Ferrum Team is responsible for what!
Find out more in the report:
https://medium.com/ferrumnetwork/monthly-development-report-november-2022-9b84e182faa8
November 20, 2022, 02:54:19 AM
Introducing the Ferrum Employee Buyback Pledge
Ferrum introduces an initiative that will add over $100,000 in annual buy pressure to FRM and FRMx and further align the interests of the team.
-What is the Ferrum Employee Buyback Pledge?
The Ferrum Employee Buyback Pledge is a mechanism that allows the Ferrum team to pledge a portion of their salaries to buying FRM and FRMx. Each month, before the finance team distributes salaries, Ferrum will buyback the corresponding amounts of FRM and FRMx proportional to the amount that each individual employee pledges and send it to the employee along with the rest of their monthly pay.
https://medium.com/ferrumnetwork/introducing-the-ferrum-employee-buyback-pledge-37106d318dc9
Ferrum introduces an initiative that will add over $100,000 in annual buy pressure to FRM and FRMx and further align the interests of the team.
-What is the Ferrum Employee Buyback Pledge?
The Ferrum Employee Buyback Pledge is a mechanism that allows the Ferrum team to pledge a portion of their salaries to buying FRM and FRMx. Each month, before the finance team distributes salaries, Ferrum will buyback the corresponding amounts of FRM and FRMx proportional to the amount that each individual employee pledges and send it to the employee along with the rest of their monthly pay.
https://medium.com/ferrumnetwork/introducing-the-ferrum-employee-buyback-pledge-37106d318dc9
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