Announcing the Next Listing and Staking Project: Askobar Network

Ian M. Friend, Esq.
FerrumNetwork
Published in
4 min readAug 17, 2020

Dear Ferrum Community,

We are thrilled to announce the next UniFyre Wallet listing and staking project — Askobar Network!

Askobar Network is a community based project focused on DeFi lending solutions, locked liquidity, and advancing DeFi and cryptocurrency to the masses.

In this article, we describe the Askobar staking and listing and why it is so valuable for both projects.

Staking Askobar Network 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 Askobar Network — 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 Askobar Network 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.

Askobar Network 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 Askobar Network has in store for its staking structure.

But that’s not all — Askobar Network 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 Askobar Network

The Askobar Network token will be listed on UniFyre Wallet soon, enabling Askobar Network 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 Askobar Network, meaning influencers, users and the Askobar Network project itself will be able sendAskobar Network to up to 100 people at once using a single link, making contests, AMAs and other marketing campaigns completely seamless.

Finally, Askobar Network will be among the first projects to utilize our Swap Drop technology for risk-free OTC trades using a shareable link.

Benefits to FRM Holders and Community

Askobar Network will be among the first projects to take advantage of our new initiative — the DeFi Flash Sale Program — which provides greater exposure to projects and excellent benefits to FRM holders…more news to be released soon!

What’s Next

Soon we will announce the details regarding Askobar Network staking and listing, as well as the Askobar DeFi Flash Sale…

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 works with a wide range of 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.

UniFyre Download Links

UniFyre iOS: https://apps.apple.com/us/app/unifyre-wallet/id1505450820?ls=1

UniFyre Android: https://play.google.com/store/apps/details?id=com.ferrum.unifyre

Follow Ferrum/UniFyre on Social Media

Ferrum Website: https://ferrum.network/

UniFyre Website: https://unifyre.io/

Telegram: http://telegram.ferrum.network

Twitter: http://twitter.ferrum.network

UniFyre Twitter: https://twitter.com/UnifyreWallet

LinkedIn: http://linkedin.ferrum.network

YouTube: http://youtube.ferrum.network

Reddit: http://reddit.ferrum.network

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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Ian M. Friend, Esq.
FerrumNetwork

Co-Founder, COO and General Counsel at Ferrum Network — a fast interconnectivity network for decentralized cross-chain financial applications