Announcing the Next Cross-Chain Token Bridge Listing —XCelDefi + FRM Buyback
Dear Ferrum Community,
We are thrilled to announce the next project to list on the Ferrum Cross-Chain Token Bridge —XCelDefi.
About XCelDefi
XcelDefi (XLD), the next generation DeFi, has announced its recent combined launch on PancakeSwap & XcelSwap decentralized exchange (DEX).
XcelDefi is the native token of the XcelLab ecosystem. The token is backed up by the largest ecosystem XcelLab Ecosystem which comprises a very successful blockchain project like XcelTrip.com (Travel Booking Platform) that allows you to book over 450+ airlines and 2.3 million hotels worldwide and XcelPay Wallet- a fully decentralized ERC20 & BEP20 compatible Wallet. The decentralized wallet allows users to trade and store cryptocurrencies and tokens in a fashion that allows users to have full control over their funds without having to worry about matters like security and reliability.
Recently the XcelLab ecosystem also launched XcelSwap- a decentralized automated market-maker- XcelSwap, which is designed to allow for trading without intermediaries. XcelSwap supports crypto-community to trade BEP-20 tokens that run on Binance Smart Chain with the aid of user-fueled liquidity pools.
Unlike centralized cryptocurrency exchanges that operate under a singular entity, XcelSwap is a decentralized exchange (DEX), built on an automated smart contract that’s based on Binance Smart Chain, XcelSwap enables users to keep full custody of their token, and trade tokens at much lower trading fees.
XcelDefi (XLD) is the Governance Token of XcelSwap. XcelDefi can be used around the platform for swaps, staking, and yield farming. Furthermore, XcelDefi (XLD) can be used by XcelSwap to shape XcelSwap’s future.
Projects like XCelLab 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://bscscan.com/tx/0x8be2161589c5f405c6411b9d56f87209bd211b8c47ffcff36e089f6b7dcd3f32
Buyback Wallet Address on BSC:
0x238882e6ED428ec533d8A9e6F9bf64758E437006
Buyback Wallet Address on ERC-20:
0x238882e6ED428ec533d8A9e6F9bf64758E437006
Buyback Wallet Address on MATIC:
0xf5289a8c42cc3ec811f488f7e8274198119f171d
There is now over $218,396 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.
