Announcing the Next Cross-Chain Token Bridge Listing — DEFIT + FRM Buyback

Jun H. Lee
FerrumNetwork
Published in
3 min readSep 30, 2021
Token Bridge Launch Date: September 28, 2021, at 14:30 UTC

Dear Ferrum Community,

We are thrilled to announce the next project to list on the Ferrum Cross-Chain Token BridgeDEFIT (Digital Fitness).

Following the recent success of YFDAI’s overruling SSGT DEFIT expansion vote, DEFIT has further established a collaboration with Ferrum Network to create a token bridge, aiming towards cross-chain interoperability.

About DEFIT

DEFIT offers a secure, reliable, and credible alternative to traditional payment solutions for consumer health and fitness products and services. Users will be able to utilize DEFIT incentives earned within the 360Wellness app in real-world transactions, enabling the interoperability of blockchain technology and traditional ecosystems — all while promoting advanced fitness standards and rewarding fitness enthusiasts from all over the world.

Token Bridge Launch Date: September 28, 2021, at 14:30 UTC

Projects like DEFIT Can Customize the Bridge to Fit Their Needs

With the emergence of cross-chain interoperability, bridging has become an increasingly necessary component for all projects who choose to become compatible across multiple chains. However, the unique solutions on the market do not allow for additional token utility. One of the most enticing features of utilizing the Ferrum Cross-Chain Token Bridge is that a project can add utility to their token through customizable fees that are charged every time an asset is bridged.

About Ferrum Network

Ferrum Network is a deflationary cross-chain Blockchain as a Service DeFi company that specializes in adding token utility and advisory services to projects across the crypto space.

Ferrum builds white-label blockchain solutions that power Startups and established organizations, enabling them to get their product to market faster.

Become Cross-Chain Compatible Today with Ferrum Technology.

Introducing Buy Backs from Ferrum Network

Ferrum Network will now be reconciling the success of our products and services with the price of $FRM. To share the success of our business with our community and add additional token utility, Ferrum will be conducting token buybacks for every product sold along with bi-weekly buybacks. We will be sharing our progress for each buyback. Projects can also receive discounts for our products if services are paid for in $FRM.

FRM Token Buyback Transaction
https://etherscan.io/tx/0xa471943d15631f72eb142851214690f0d09883ec933bc148c0b9efb235c14b9f

Buyback Wallet Address on BSC:
0x238882e6ED428ec533d8A9e6F9bf64758E437006

Buyback Wallet Address on ERC-20:
0x238882e6ED428ec533d8A9e6F9bf64758E437006

There’s now over 550,483 $FRM in the buyback wallets just from buyback activities & projects paying for our products using $FRM! Stay tuned for more exciting news and updates from our team at Ferrum Network.

Very truly yours,

The Ferrum Network Team

About DEFIT

DEFIT offers a secure, reliable, and credible alternative to traditional payment solutions for consumer health and fitness products and services. Users will be able to utilize DEFIT incentives earned within the 360Wellness app in real-world transactions, enabling the interoperability of blockchain technology and traditional ecosystems while promoting advanced fitness standards and rewarding fitness enthusiasts from all over the world.

DEFIT— Important Links

Website | Telegram | Twitter | Medium | Instagram

Ferrum Network — Important Links

Website | Telegram | Twitter | TikTok | YouTube

Disclaimer

A project’s use of our staking technology and/or wallet listing does not constitute an endorsement of that project or its token from an investment standpoint. All projects that use our staking and/or listing are clients unless otherwise stated in this disclaimer. Cryptocurrencies, tokens, and other digital assets are high-risk and highly speculative. They may lose their value. All staking participants are advised to do their own research before staking any tokens.

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Jun H. Lee
FerrumNetwork

Lives to Eat. Breathes Crypto. Reads Books. Studies Markets. Loves Hot Sauce.