Ferrum Network is DAG-based interoperability network that connects to any blockchain and works natively with fiat currencies.
- What is Ferrum Network?
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.
- How was Ferrum Network Launched?
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.
- Who are the team members behind Ferrum Network?
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.