Announcing the Next Cross-Chain Token Bridge Listing — ShoeFy + FRM Buyback
Dear Ferrum Community,
We are thrilled to announce the next project to list on the Ferrum Cross Chain Token Bridge and deploy the white label version — ShoeFy
About ShoeFy
ShoeFy is an innovative decentralized platform that combines Non-Fungible Tokens (NFT) and Fungible Tokens (FT). A futuristic NFT project that utilizes cutting-edge DeFi tools to maximize returns. ShoeFy can amplify the NFTs potential by including farming and staking to generate passive income.
ShoeFy will have two tokens, $SHOE(ERC-20), the native Fungible Token and sNFTs (ERC-721) which are randomly generated on-chain. Each NFT is an algorithmically programmed unique digital pair of shoes on the platform. Shoebeasts (Shoe collectors) can flex their new digital sneakers on Snapchat and other apps. ShoeFy provides special shoeracks for your digital kicks, and when you (the shoebeast) stake them on the platform, so you can earn passive income in the form of $Shoe tokens.
The project is led by a team of experienced blockchain venture capitalists, creative NFT developers, and top-tier marketing experts spanning Europe to Canada and onto South Korea & Thailand in SE Asia.
ShoeFy to Deploy a White Label Version of Ferrum’s Cross-Chain Token Bridge
While many tokens initially list their token on Ferrum’s native version of the bridge, ShoeFy is going all out with their very own white label version. This means that the bridge will reside on ShoeFy’s web page and will be presented to their community in a way that represents the branding of ShoeFy. ShoeFy will also be listed on Ferrum’s native version of the bridge!
Projects like ShoeFy 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.
At Ferrum Network, we’re committed to building secure protocols. We consider ourselves “paranoid security freaks”. This approach boasts over 100 clients, nearly $100 million in TVL, millions of dollars worth of bridged assets and hundreds of smart contracts deployed. We’re proud to say that throughout our tenure providing both our Staking as a Service and Cross-Chain bridging solutions we have not fallen victim to a single exploit! We took the same approach when architecting the Ferrum Cross-Chain Token Bridge as we did when integrating the security protocols used in our Staking Tech.
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.
FRM Token Buyback Transaction
https://etherscan.io/tx/0x97d88d937242dd5e27c988e29e6a39f6ab2d6ed10591e7dc244374ee05519ffa
Buyback Wallet Address on BSC:
0x238882e6ED428ec533d8A9e6F9bf64758E437006
Buyback Wallet Address on ERC-20:
0x238882e6ED428ec533d8A9e6F9bf64758E437006
Buyback Wallet Address on MATIC:
0xf5289a8c42cc3ec811f488f7e8274198119f171d
There is now over $210,396 USD worth of $FRM & $FRMx in our buyback wallets (on BSC, ERC-20, & MATIC) 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
Disclaimer
A project’s use of Ferrum Technology and/or wallet listing does not constitute an endorsement of that project or its token from an investment standpoint. All projects that use Ferrum Technology 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 cryptocurrency participants are advised to do their own research before interacting with cryptocurrencies.
