Dear Ferrum Network Community,
Things really started to heat up in the month of June! For those who missed the big ICO announcement, and other major news, here’s a brief rundown of monthly our traction.
- Launched our new website with UniFyre Wallet waitlist
- Announced we are conducting an ICO not an IEO based on fairness to the community
- Closed the whitelist after massive support came flooding in
- Successfully completed the private sale in less than 10 days with huge demand
- Started our Asia Marketing Campaign, by hiring a full-time Chinese CM and opening Chinese Telegram and We Chat channels
- Continued to grow Kudi Exchange, which was featured on the BBC (watch BBC piece here), acquiring users daily based on our marketing /commercial, and started to earn revenue!
Do they have only $1,120,000 hardcap and $820,000 already raised on private sale or pre-sale (this information accodrding Icodrops) ? Is this correct? When will ICO starts?
Yes, this information is correct. The ICO Date is going to be revealed pretty soon, along with how whitelisters are going to be handled. The complete information recap about the sales is also included in the article which explains the ICO:
https://medium.com/ferrumnetwork/public-sale-info-ieo-or-ico-9f91920d9a28If you have any further questions, do not hesitate to join our Telegram group:
https://t.me/ferrum_networkThank you for answer. Will you have some limit per participant? What discounts were for private sale investors? And do you have agreement with some good exchanges about listing?
No problem.
1) Yes there will be a limit per participant in the sale, mostly abiding by the legal framework.
2) Yes, we exchanges lined up and are continuously in negotiations/discussions with many more.
3) The Privatesale/seed funding (which all are completed) is as follows (with lock-up times):
Seed Round:Amount Raised: $120,000 (40% Bonus)
Token Price: $0.0114 (with bonus factored in)
Token Distribution: Unlocks 40/40/20: 40% unlocked after 30 days from TGE; 40% after 60 days from TGE; 20% after 90 days from TGE
Private Sale I:Amount Raised: $500,000 (15% Bonus)
Token Price: $0.0139 (with bonus factored in)
Token Distribution: 40% at TGE; 40% after 30 days from TGE; 20% after 60 days from TGE
Private Sale II:Amount: $200,000 (0% Bonus)
Token Price: $0.016
Token Distribution: 40% at TGE; 40% after 30 days from TGE; 20% after 60 days from TGE