Ferrum Network Staking

The risks associated with staking FRM include Smart Contract Risk and Lock up periods with associated early withdrawal fees.

Again, these factors are unique for each Ferrum Network Staking Campaign.

The team includes the following high profile members

• Ian Friend – Co-Founder, COO
• Naiem Yeganeh – Founder & CEO
• Dominik Swierkot – Head of Marketing

Check out our video interview Heroes of DeFi series featuring Ian Friend to learn more about Ferrum Network.

FRM staking is done through smart contract staking campaigns listed directly on the Ferrum.network website.

Ferrum Network staking statistics:

• 55+ projects using Ferrum Network’s DeFi staking technology
• $35,000,000+ current TVL on Ferrum Network Products
• 9,000 downloads on Ferrum Networks Unifyre wallet
• 60,000,000+ FRM held directly on Unifyre wallet

For more information on how to Stake FRM please follow our Step-by-Step FRM Staking Guide.

Ferrum Networks FRM Staking is organized through campaigns where the users can decide how much FRM they want to stake.

The return amount is determined per campaign and per allocated size staked of FRM.

From the past campaigns users could eran anywhere from 40 – 150% annualized.

For more estimations on FRM staking returns please check out the Ferrum Network Staking Rewards Calculator.

Ferrum Network started to develop as an idea in early 2018.

In January, 2019, whitelist records were opened for Ferrum Network’s planned token sale and the records remained open for only 2 weeks.

A $ 1.12 Million micro-cap was set for the ICO process. And on the 18th of June, the private sales event was completed. Seed round and private sales totaled 820K collection success. In this way, ICO, which will be held in August, will be able to make a hard cap by selling only 300K. And as a result, on August 1, 2019, the Ferrum Network ICO completed the ICO by selling all tokens within minutes.

Following the Token sale, on August 5, the FRM token was opened for trading with the FRM / USDT and FRM / BTC pairs.

Ferrum is a DAG-based interoperability network that connects to any blockchain and works natively with fiat currencies. It’s like the Lightning Network but for every blockchain. The advanced financial products that run on the network – like the non-custodial cross-chain OTC wallet (UniFyre Wallet) – aim to empower millions of people around the world. The network and products are powered by the FRM token, which is spent and burned with every transaction.

Coming soon, a high-speed cross chain DEX and mobile cold store application.