[ANN] Ferrum Network - Pioneering Interoperability 2.0 | FAS Pre-Sales 🔥

[Ferrum Network]

We have one more big announcement tomorrow to top off the week, we think most will be pleased

Binance Dex will be listed to, but not immediately, that's why we've issued BEP tokens, to formally apply for Binance DEX. It was from the perspective of liquidity, marketing and what Ferrum's core blockchain represents, the mainnet is focused on Interoperability

But this will be only part of BEP tokens. In this case not all users will be able to convert ETH tokens to BEP? Wil you have own bridge (wallet) for convert ETH to BER and vise-versa?

Token Bridge

BEP-2 tokens will be convertible to ERC-20 through a token bridge. For the first 30 days after distribution, there will be a 50% fee for converting BEP-2 to ERC-20, decreasing by 1.5% per day until the fee is eliminated.

In addition, by applying to Binance DEX early at the time of TGE, we increase the likelihood of secondary listing around 30 days later. This means that no matter what, the BEP-2 tokens will be fully liquid with no fee approximately 30 days after TGE.

Reference article: https://medium.com/ferrumnetwork/announcing-the-ferrum-network-utility-token-offering-f3ab72fcee23

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[1714183798]

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[fishervwb]

Ferrum Network | High-Speed Interoperability Network | BlockVera | BlockchainBrad | Fiat Gateway

https://www.youtube.com/watch?v=dgRnBXPNLX8

[gembira]

We have one more big announcement tomorrow to top off the week, we think most will be pleased

Binance Dex will be listed to, but not immediately, that's why we've issued BEP tokens, to formally apply for Binance DEX. It was from the perspective of liquidity, marketing and what Ferrum's core blockchain represents, the mainnet is focused on Interoperability

But this will be only part of BEP tokens. In this case not all users will be able to convert ETH tokens to BEP? Wil you have own bridge (wallet) for convert ETH to BER and vise-versa?

Token Bridge

BEP-2 tokens will be convertible to ERC-20 through a token bridge. For the first 30 days after distribution, there will be a 50% fee for converting BEP-2 to ERC-20, decreasing by 1.5% per day until the fee is eliminated.

In addition, by applying to Binance DEX early at the time of TGE, we increase the likelihood of secondary listing around 30 days later. This means that no matter what, the BEP-2 tokens will be fully liquid with no fee approximately 30 days after TGE.

Reference article: https://medium.com/ferrumnetwork/announcing-the-ferrum-network-utility-token-offering-f3ab72fcee23

50% fee of amount for converting? This probably a joke? If I have 100 tokens, than I must pay 50 tokens as fees?  What will you do with this tokens raised on such huge fees?

[Ferrum Network]

We have one more big announcement tomorrow to top off the week, we think most will be pleased

Binance Dex will be listed to, but not immediately, that's why we've issued BEP tokens, to formally apply for Binance DEX. It was from the perspective of liquidity, marketing and what Ferrum's core blockchain represents, the mainnet is focused on Interoperability

But this will be only part of BEP tokens. In this case not all users will be able to convert ETH tokens to BEP? Wil you have own bridge (wallet) for convert ETH to BER and vise-versa?

Token Bridge

BEP-2 tokens will be convertible to ERC-20 through a token bridge. For the first 30 days after distribution, there will be a 50% fee for converting BEP-2 to ERC-20, decreasing by 1.5% per day until the fee is eliminated.

In addition, by applying to Binance DEX early at the time of TGE, we increase the likelihood of secondary listing around 30 days later. This means that no matter what, the BEP-2 tokens will be fully liquid with no fee approximately 30 days after TGE.

Reference article: https://medium.com/ferrumnetwork/announcing-the-ferrum-network-utility-token-offering-f3ab72fcee23

50% fee of amount for converting? This probably a joke? If I have 100 tokens, than I must pay 50 tokens as fees?  What will you do with this tokens raised on such huge fees?

For the first 30 days after distribution, there will be a 50% fee for converting BEP-2 to ERC-20, decreasing by 1.5% per day until the fee is eliminated.

Please read carefully next time. The fee diminishes by 1.5% per day. so it would take around 33 days for a 0% fee.

[gembira]

For the first 30 days after distribution, there will be a 50% fee for converting BEP-2 to ERC-20, decreasing by 1.5% per day until the fee is eliminated.

Please read carefully next time. The fee diminishes by 1.5% per day. so it would take around 33 days for a 0% fee.

But why have you done this? Is this a Binance requirement for decreasing FTM-Bep tokens on their Dex exchange and pump price at the beginning?
What types of tokens will be listed to Bitmax?  Bep or Erc?

[Ferrum Network]

For the first 30 days after distribution, there will be a 50% fee for converting BEP-2 to ERC-20, decreasing by 1.5% per day until the fee is eliminated.

Please read carefully next time. The fee diminishes by 1.5% per day. so it would take around 33 days for a 0% fee.

But why have you done this? Is this a Binance requirement for decreasing FTM-Bep tokens on their Dex exchange and pump price at the beginning?
What types of tokens will be listed to Bitmax?  Bep or Erc?

We are only issuing small number of BEP-2 tokens (enough to apply for Binance DEX) and keep the rest ERC-20, which is preferable for bounties and other marketing.

This is the system in which the team has come up with, to ensure a smooth transition to the exchanges. Everyone has some sort of lockup, it was strategic to become affilated and later list to Binance Dex, again in which you need to issue a certain amount of your tokens to BEP.

It isn't perfect, neither are we claiming it to be. But, the team did their best to balance and consider all avenues for the longer-term vision, which is what ultimately matters most to the team, the business and the network itself.

[Ridho_ost]

For the first 30 days after distribution, there will be a 50% fee for converting BEP-2 to ERC-20, decreasing by 1.5% per day until the fee is eliminated.

Please read carefully next time. The fee diminishes by 1.5% per day. so it would take around 33 days for a 0% fee.

But why have you done this? Is this a Binance requirement for decreasing FTM-Bep tokens on their Dex exchange and pump price at the beginning?
What types of tokens will be listed to Bitmax?  Bep or Erc?

We are only issuing small number of BEP-2 tokens (enough to apply for Binance DEX) and keep the rest ERC-20, which is preferable for bounties and other marketing.

This is the system in which the team has come up with, to ensure a smooth transition to the exchanges. Everyone has some sort of lockup, it was strategic to become affilated and later list to Binance Dex, again in which you need to issue a certain amount of your tokens to BEP.

It isn't perfect, neither are we claiming it to be. But, the team did their best to balance and consider all avenues for the longer-term vision, which is what ultimately matters most to the team, the business and the network itself.

I am very happy to hear that FRM tokens will be listed on the Bitmax exchange on August 5th tomorrow, and whether later Ferrum will be able to sell and buy it there after entering, I am very excited about this development...

[DavethaMan]

Is this the new eth?

[aquascap]

For the first 30 days after distribution, there will be a 50% fee for converting BEP-2 to ERC-20, decreasing by 1.5% per day until the fee is eliminated.

Please read carefully next time. The fee diminishes by 1.5% per day. so it would take around 33 days for a 0% fee.

But why have you done this? Is this a Binance requirement for decreasing FTM-Bep tokens on their Dex exchange and pump price at the beginning?
What types of tokens will be listed to Bitmax?  Bep or Erc?

We are only issuing small number of BEP-2 tokens (enough to apply for Binance DEX) and keep the rest ERC-20, which is preferable for bounties and other marketing.

This is the system in which the team has come up with, to ensure a smooth transition to the exchanges. Everyone has some sort of lockup, it was strategic to become affilated and later list to Binance Dex, again in which you need to issue a certain amount of your tokens to BEP.

It isn't perfect, neither are we claiming it to be. But, the team did their best to balance and consider all avenues for the longer-term vision, which is what ultimately matters most to the team, the business and the network itself.

I am very happy to hear that FRM tokens will be listed on the Bitmax exchange on August 5th tomorrow, and whether later Ferrum will be able to sell and buy it there after entering, I am very excited about this development...

If that is true then this is so incredible that FRM is able to enter a large exchange, I am waiting for the latest information from Ferrum

[Ferrum Network]

Ferrum Q&A is now ongoing, join our Telegram group and ask any question you desire!

https://t.me/ferrum_network

[Ridho_ost]

For the first 30 days after distribution, there will be a 50% fee for converting BEP-2 to ERC-20, decreasing by 1.5% per day until the fee is eliminated.

Please read carefully next time. The fee diminishes by 1.5% per day. so it would take around 33 days for a 0% fee.

But why have you done this? Is this a Binance requirement for decreasing FTM-Bep tokens on their Dex exchange and pump price at the beginning?
What types of tokens will be listed to Bitmax?  Bep or Erc?

We are only issuing small number of BEP-2 tokens (enough to apply for Binance DEX) and keep the rest ERC-20, which is preferable for bounties and other marketing.

This is the system in which the team has come up with, to ensure a smooth transition to the exchanges. Everyone has some sort of lockup, it was strategic to become affilated and later list to Binance Dex, again in which you need to issue a certain amount of your tokens to BEP.

It isn't perfect, neither are we claiming it to be. But, the team did their best to balance and consider all avenues for the longer-term vision, which is what ultimately matters most to the team, the business and the network itself.

I am very happy to hear that FRM tokens will be listed on the Bitmax exchange on August 5th tomorrow, and whether later Ferrum will be able to sell and buy it there after entering, I am very excited about this development...

If that is true then this is so incredible that FRM is able to enter a large exchange, I am waiting for the latest information from Ferrum

this friend is good news. and can attract a lot of investors of course, and a few days ago I was chatting with the admin telegram FRM tokens will also be registered at binance in the agenda. and I hope that happens

[Ferrum Network]

On July 26th, 2019, The Ferrum Network team conducted a live Q&A session in the official Ferrum Telegram group. We’ve compiled all the questions and have made some edits for our future Ferrum Network community members to read seamlessly.

Main Participants: Ian Friend COO of Ferrum Network, Dominik Swierkot CMO of Ferrum Network. Naiem Yeganeh — CEO of Ferrum Network could not attend due to an important business meeting.

Full Q&A Article

[manok arab]

On July 26th, 2019, The Ferrum Network team conducted a live Q&A session in the official Ferrum Telegram group. We’ve compiled all the questions and have made some edits for our future Ferrum Network community members to read seamlessly.

Main Participants: Ian Friend COO of Ferrum Network, Dominik Swierkot CMO of Ferrum Network. Naiem Yeganeh — CEO of Ferrum Network could not attend due to an important business meeting.

Full Q&A Article

many people who are enthusiastic are waiting for ico FRM in telegram conversations, and whether it is true for those who participate it is also limited in ico. many people are sorry they cannot follow ico because they are limited..?

[Ferrum Network]

On July 26th, 2019, The Ferrum Network team conducted a live Q&A session in the official Ferrum Telegram group. We’ve compiled all the questions and have made some edits for our future Ferrum Network community members to read seamlessly.

Main Participants: Ian Friend COO of Ferrum Network, Dominik Swierkot CMO of Ferrum Network. Naiem Yeganeh — CEO of Ferrum Network could not attend due to an important business meeting.

Full Q&A Article

many people who are enthusiastic are waiting for ico FRM in telegram conversations, and whether it is true for those who participate it is also limited in ico. many people are sorry they cannot follow ico because they are limited..?

Ferrum's sale is quite small, with the public cap being only $300k, with the total funding being $1.12m. We did our best to ensure fairness of the ICO by having different Tiers, where Tier 2 is a Whitelister FCFS round and Tier 3 is a open public gas war.

The sale is only for those who completed KYC during last week, KYC is now closed. Ferrum will be listed to Bitmax on August 5th, 2019

We get a lot of questions that come down to — why should I care about Ferrum? What is your unique value proposition? How are you different than the other projects out there? We would like to address those questions head on, identify the problems we see in the utility token market, and explain how we are solving those problems.


From our standpoint, the utility token market is plagued with three primary problems:

1) a lack of fundamentals/utility;
2) extreme overvaluation; and
3) a failure to tie the value of the token its utility.

Full Medium Article

[gembira]

What about staking on your exchange? Is this will be possible? Nowdays a lot of exchanges are making staking. For example Kucoin has launched soft-staking program for third-party coins listed on their exchange recently and they announced  staking and lock-up program for own tokens today. Huobi is following to Kucoin too... What about your exchange?

[Ferrum Network]

Thank you for completing the KYC process! We are happy to report that a total of 1530 people submitted KYC. Of those, 1170 are on the whitelist. Now we would like to explain the sale process that will occur through our partner Prima Block, but first some general information.



General Information:

Time and Date: August 1st, 2019 at 12:00pm GMT (8:00am EST). The sale will be split into 3 tiers with timing and personal limits as follows.

1) Tier 1 (high value supporters): 8:00–8:15 AM. Personal Limit: $1,000
2) Tier 2 (whitelisters): 8:20 AM EST — 8:55 AM, first come, first serve among whitelisters. Personal limit: $400
3) Tier 3 (anyone who did KYC — Gas War Lite): 9:00 — close, FCFS among all KYC participants. Personal limit: $3,000

The Complete Guide & More Information

What about staking on your exchange? Is this will be possible? Nowdays a lot of exchanges are making staking. For example Kucoin has launched soft-staking program for third-party coins listed on their exchange recently and they announced  staking and lock-up program for own tokens today. Huobi is following to Kucoin too... What about your exchange?

These details will be revealed in the future, as we approach the launch of Infinity Dex. The main focus right now is the ICO of course, the launch of Unifyre then the mainnet of FRM.

[super bako]

What about staking on your exchange? Is this will be possible? Nowdays a lot of exchanges are making staking. For example Kucoin has launched soft-staking program for third-party coins listed on their exchange recently and they announced  staking and lock-up program for own tokens today. Huobi is following to Kucoin too... What about your exchange?

These details will be revealed in the future, as we approach the launch of Infinity Dex. The main focus right now is the ICO of course, the launch of Unifyre then the mainnet of FRM.

I hope your plan is successful for entering FRM tokens into binance dex, I see the chat on the telegram of the admin and whether the participation of ico will be reopened again. I missed to register yesterday..

[Ferrum Network]

What about staking on your exchange? Is this will be possible? Nowdays a lot of exchanges are making staking. For example Kucoin has launched soft-staking program for third-party coins listed on their exchange recently and they announced  staking and lock-up program for own tokens today. Huobi is following to Kucoin too... What about your exchange?

These details will be revealed in the future, as we approach the launch of Infinity Dex. The main focus right now is the ICO of course, the launch of Unifyre then the mainnet of FRM.

I hope your plan is successful for entering FRM tokens into binance dex, I see the chat on the telegram of the admin and whether the participation of ico will be reopened again. I missed to register yesterday..

Here are some Dates:

The whitelisting process ended on 6/28/2019.
The KYC application process closed 7/28/2019 at 5pm EST.

The Bounty campaign will close July 31st (tomorrow).

The ICO will be conducted on August 1st, 2019 at 12:00pm GMT.
FRM will be trading on Bitmax on August 5th, 2019.

[capcaypro]

In order to be accept on Binance chance, team (if projects already listed on Binance), will have to pay fees for that. I don't think Binance chain will become big if fees are high and maintain at highs like we saw now. Binance is a good exchange, but if teams have to pay huge funds just to switch to Binance chain, I believe most of them will reject to do that.

Ferrum is still in ICO Phase, the ICO Date will be announced later this week along with how distributions will be handled and why BEP and ERC distributions.

Binance CEX listing will ofc be considered, but out that Binance DEX will be among the first batch of exchanges. All i can say is stay tuned for this week, we have some big things coming.

This good news that is awaited by the first exchange plan investor is that Binance DEX Ferrum is able to develop thanks to the team.

Binance Dex will not be the first exchange

That makes you positive news saying that this will be registered at Binance DEX, the good news is for us, and we are always waiting for the official announcement.

If this is not the first exchange then what do you mean by the first group about Binance DEX.

yes this is really strange, maybe it's good they join binance, to attract investors, I hope you put it into binance it will be very good with real. and I'm very happy if that happens

We have one more big announcement tomorrow to top off the week, we think most will be pleased

Binance Dex will be listed to, but not immediately, that's why we've issued BEP tokens, to formally apply for Binance DEX. It was from the perspective of liquidity, marketing and what Ferrum's core blockchain represents, the mainnet is focused on Interoperability

[Ferrum Network]

LESS THAN 24 HOURS until the Ferrum ICO:

The official Ferrum Countdown Clock: ferrum.network/ico