Ferrum Network ICO - Blockchain Based Financial Platform

Ferrum-Network-P.jpgThe cryptocurrency market is seeing another rally of bull run and many token and coins are doing rather well. however, it is important to make thorough analysis of the functionality and metrics of a token before investing especially during the token offerings.
In this article, I am going to analyse the FRM token which is the native currency of the Ferrum blockchain network. Ferrum is a blockchain project that aims to solve core blockchain problems that hinder the actualisation of Satoshi Nakamoto’s vision of true peer-to-peer electronic cash transfer between two people without the involvement of any financial institution. The project is focused on making cryptocurrency available for daily usage and also aims to provide solution to the interoperability challenge that users face while trying to transfer digital currencies between different blockchains.
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Ferrum is developing a secure, fast and highly scalable financial network where individuals and businesses can exchange, manage and transfer any form of cryptocurrency regardless of any blockchain it is anchored on. Ferrum network allows people to utilise digital currencies to perform even the smallest daily transactions at the smallest cost.

The Value of FRM tokens

The Ferrum token (FRM) meet the fundamental requirements for a token to have value — the tokens serve a genuine and real purpose. FRMtokens are the native currency of the Ferrum network. Since the fundamental purpose of the Ferrum project is to facilitate fast and secured transfer of value between different blockchains, and such transactions require an anchor currency — FRM tokens are critical to the functionality of the product.
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Additionally, the price and value of a digital asset is usually determined by transactional volume. As Ferrum network is entirely based on transactions, FRM token will see an organic transactional volume. This is particularly important since most other tokens have their value primarily driven only within centralised exchanges. In times of low token hype, volumes of tokens on exchanges can drastically decrease and this has a negative effect on token price. However, an organic volume driven by daily usage through transactions will ensure there’s some degree of volume sustaining token demand at any time.
Ferrum aims to disrupt the market by creating a solution that will link all the blockchains together so that users can transfer cryptocurrencies in split seconds. The potential transactional volume that FRM token is targeting is the entire cryptocurrency market, and that gives these tokens a massive long-term stand.
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Ferrum blockchain network has an ambitious goal of transforming the way digital assets transferred completely by integrating the all the blockchains to its network. This is an innovation that will receive swift and massive adoption. The reason is that existing framework allow inter-blockchain transfer of value to be done only within exchanges which takes time before transactions are process. Transfers made on exchanges also attract huge exchange fees. Hence FRM token is definitely a long-term prospect for investment.

Ferrum Tokenomics And Metrics

The FRM token will originally be developed on the Ethereum blockchain (making it ERC-20 token) to leverage it’s efficient processing capabilities. To ensure a long-term scalability for the network and to meet the transaction processing needs of the community, the network will develop it’s own chain. FRM token will be issued in ERC-20 which can be converted with the Ferrum UniFyre wallet.
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The total supply of FRM token is 331,718, 570 FRM tokens. The amount of tokens allocated for token sale will represent 23 of the total amount generated. This will place the total amount of the softcap and Hardcap at $1.2Million

Distribution and Allocation

The total supply of Ferrum token is 330 million. It is very possible if you invest in a long-term business, besides the FRM token utility is developing, you also get a prize as the token-holder.
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23% of the tokens are allocated for Pre-Sale and ICO Sale. The team reserved 17% of the funds, while 20% is allocated as Founders and team token — 1year lock period. The team has allocated 10% of the funds for Biz and ecosystem development. 15% is designated to fund marketing.
Ferrum has already concluded it’s pre-sale and waiting to do the main ICO. The date and time for the main ICO will be announced on the various media channels of the project. Follow the links below to get more information about Ferrum project and get whitelisted to purchase the FRM token during the crowdsale

Links

Author: oladirano23
BTC LINK https://bitcointalk.org/index.php?action

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