Announcing the Next Listing and Staking Partnership: Uptrennd

Ian M. Friend, Esq.

Published in

FerrumNetwork

4 min readAug 14, 2020

Dear Ferrum Community,

We are thrilled to announce the next UniFyre Wallet listing and staking partnership — Uptrennd!

1UP is a native ERC-20 token that is built around the core upvoting system, and serves as Uptrennd’s digital currency. Uptrennd is a social media platform that differentiates itself by building in incentive structures that reward both content creators and users who engage with content.

In this article, we describe the Staking and Listing partnership and why it is so valuable for both projects.

Staking Uptrennd Through Ferrum’s Flexible DeFi Staking Platform

With the emergence of DeFi and the appeal of passive income, staking has taken on a relevance like never before. Unfortunately, staking has mostly been reserved for big cap projects with main net, leaving hundreds of exciting new projects — like Uptrennd — with no viable option to offer staking for their own token.

This gap in the market is why we built our flexible DeFi Staking Platform for any ERC-20 token. Participants lock their tokens and earn high yields based on the length of time staked. It’s like a decentralized high-yield bank account, with maximum customization for projects and flexibility for participants!

Projects like Uptrennd Can Customize Their Staking to Fit Their Needs

Each project and community has different token metrics, unlocking schedules, and community concerns. This is why we built our DeFi Staking Platform to be fully customizable.

Uptrennd can choose a staking structure that works for them by deciding on the number of staking pools, the amount of tokens to be staked, the rewards for each pool, the timing for early withdrawal, and much more. We can’t wait to see what Uptrennd has in store for its staking structure.

But that’s not all — Uptrennd will also enjoy all the benefits of a UniFyre Wallet listing, including technology like Link Drops, Pool Drops and Swap Drops!

Unlocking Link Drop, Pool Drop and Swap Drop Technology for Uptrennd

The Uptrennd token will be listed on UniFyre Wallet soon, enabling Uptrennd holders to take advantage of our ‘Link Drop’ technology, which allows users to send crypto assets to anyone over their platform of choice using a single link, including:

Telegram
Twitter
WhatsApp
Facebook
LinkedIn
Reddit
Instagram
Email

and all other social media or communication platforms where links can be posted.

Moreover, the listing enables our revolutionary ‘Pool Drop’ technology for Uptrennd, meaning influencers, users and the Uptrennd project itself will be able send Uptrennd to up to 100 people at once using a single link, making contests, AMAs and other marketing campaigns completely seamless.

Finally, Uptrennd will be among the first projects to utilize our ‘Swap Drop’ technology for risk-free OTC trades using a shareable link. Join our Swap Drop OTC channel for some awesome deals on 1UP and other tokens!

Benefits to FRM Holders and Community

As always, the listing fees paid in Uptrennd will be distributed to everyone holding 100,000+ FRM in their UniFyre Wallet. The time of the snapshot and the distributions will be announced soon. And of course, the fees paid for the Staking Platform will go 100% toward FRM buybacks.

What’s Next

Soon we will announce the details regarding Uptrennd staking and listing. We will also be announcing the date/time of the snapshot and Uptrennd distribution to 100,000+ FRM holders. So be sure to move your idle FRM into UniFyre Wallet to make sure you qualify for the Uptrennd Listing Drop!

As always, thank you for your continued support of Ferrum Network, and stay tuned for more major partnerships to be announced soon!

-The Ferrum Network Team

About Ferrum Network

Ferrum Network is bringing DeFi to the masses with an ecosystem user-friendly DeFi products for swapping, staking, earning, buying and selling cryptocurrencies. Ferrum’s non-custodial UniFyre Wallet has revolutionized the way people send crypto with innovative Link Drop technology, and it will soon transform the OTC market with Swap Drop technology for risk-free OTC transactions embedded in a shareable link. Ferrum partners with quality projects to supercharge their success with technology such as the high-yield DeFi Staking Platform and a Token Bridge for swapping tokens between chains. Look for Ferrum to launch more transformative DeFi products throughout 2020 and beyond.