Announcing the Next Global Exchange Listing: KuCoin

Ian M. Friend, Esq.

Published in

FerrumNetwork

4 min readJan 20, 2021

Dear Ferrum Community,

As we continue to climb the Iron Mountain, we are thrilled to announce that FRM has been listed on Kucoin.com!

Deposits are effective immediately, and trading will open on January 22, 2021 at 10 AM UTC. In this article, we explain why we believe Kucoin is the perfect listing for FRM at this stage in our growth. Enjoy!

KuCoin Means More Liquidity and Volume

KuCoin will be the largest centralized exchange FRM is listed on by a wide margin. KuCoin has over 5 million users and one in four people in crypto have a Kucoin.com account! Ultimately, a Kucoin listing means exposure, more traders, more volume and more liquidity for the FRM token. But why is this so important for our continued growth?

One challenge FRM traders have historically faced is somewhat low liquidity. Frankly, it’s been difficult to buy/sell large amounts of FRM without causing high slippage. We believe that a KuCoin listing will greatly increase liquidity, and will therefore attract a whole new class of bigger investors and traders into the Ferrum ecosystem. Attracting these “whales” is critical if we are going to continue our climb into the top 100 of crypto projects.

KuCoin Welcomes Traders from Around the World

Unlike many CEXes that restrict their userbase, KuCoin believes in the spirit of financial freedom and allows traders from all around the world. Ferrum has strong support in many English speaking countries like the United States and European countries, as well as many international communities such as Turkey, Russia, Poland, Korea, China, and many others. By allowing people from all around the world to easily trade FRM, KuCoin fits perfectly with our global ambitions.

KuCoin Community Loves “Hidden” Gems

While Ferrum is not exactly hidden, we still believe FRM certainly qualifies as a “gem” based on our strong fundamentals and low market cap. KuCoin specifically makes it a point to list such gems, and their user base also expects that KuCoin will find and list such projects. This means that their users are not using KuCoin simply to trade BTC and ETH. They are also using KuCoin to find low cap gems. Therefore, their user base and listing model fits perfectly with the Ferrum narrative and will help attract the massive KuCoin “gem hunter” community to Ferrum.

CEXes Are Very Important in a High Gas Environment

We understand the industry is trending more and more towards decentralized exchanges (DEXes). We welcome this trend!

Unfortunately, it is essentially impossible for a small trader to use Uniswap when gas fees are around $20–$30 per trade. And what happens if ETH prices continue to rise or the network gets congested? At $2,000 per ETH, gas fees may be around $50-$60. Until ETH 2.0, it’s just not realistic to expect most people to want to use Uniswap in these conditions.

With their low trading fees, KuCoin is perfect for all traders, big and small. Compared to Uniswap, people will be able to easily and cheaply trade FRM without spending too much on fees. This will become more and more important as the bull market continues and gas fees continue to increase.

KuCoin is Supporting a Major Marketing Campaign Around the Listing

We are honored to see that KuCoin is going above and beyond for the FRM listing. There will be many activities around the listing to help promote Ferrum to their community and the wider crypto world. We can’t wait to reveal all these activites to you!

KuCoin Leaves Room for Continued Growth

As huge as KuCoin is, it is still not the biggest centralized exchange in the world. At Ferrum, we believe that slow and steady growth over many years is preferrable to being a flash in the pan. KuCoin allows us to hit our current growth targets, while still leaving us room for bigger and bigger listings in the future.

In fact, we believe that the KuCoin listing will help propel us to bigger and better things, as we now have a huge platform from which to promote Ferrum.

What’s Next

Soon we will announce the date and time of the FRM listing on KuCoin.com and begin to reveal the first of a series of joint marketing campaigns.

We also have another MAJOR surprise in store for people who may have missed out on Operation Iron Mountain….please stay tuned to our announcement channel for all updates.

Thank You

We want to give a huge thanks to the Kucoin.com listing team for being so patient and helpful throughout this process. We also want to thank our loyal community members for sticking with us and supporting us over the last 2+ years. Together we will keep 2021 going strong!

Very truly yours,

-The Ferrum Network Team

About Ferrum Network

Ferrum Network is building a DeFi ecosystem that interoperates across chains and removes barriers to mass adoption. Founded in the 2018 bear market, it has grown into a DeFi powerhouse with four working products, over 20,000 active users, 50+ clients using its staking technology, 20+ million TVL on its staking protocol, a successful incubator/advisory arm, 8 FRM utilities, and much more. Ferrum’s forthcoming cross-chain DAG will enable the transfer of any digital asset in milliseconds for near-zero network fees. Its non-custodial UniFyre Wallet has revolutionized the way people send crypto with its “Link Drop” technology. Ferrum’s Staking-as-a-Service is used by over 50 projects and their Token Bridge is the fastest, and most secure means of moving assets between Ethereum and Binance Chain. Look for Ferrum to launch more transformative DeFi technology throughout 2021 and beyond.