Announcing the Next Staking, Listing and Token Bridge Partnership: Tixl

Ian M. Friend, Esq.

Published in

FerrumNetwork

4 min readAug 6, 2020

Dear Ferrum Community,

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

In addition to the listing and in-app staking, Tixl will be utilizing a customized version of the Ferrum Network Token Bridge for fast and easy MTXLT token swaps between the Ethereum Network and Binance Chain.

Tixl is an up-and-coming DeFi project building a Private DeFi Platform that serves as a base layer for tokenizing assets, increasing the exchangeability of existing assets and can be used for privacy-focused DeFi apps in the future.

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

Staking Tixl 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 Tixl— 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 Tixl 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.

Tixl 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 Tixl has in store for its staking structure.

But that’s not all — Tixl 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 MTXLT

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

Finally, MTXLT will be among the first projects to utilize our ‘Swap Drop’ technology for risk-free OTC trades using a shareable link (more information to be released soon).

The Tixl Token Bridge, Powered by Ferrum Network

Another unique part of this partnership is that Tixl will be utilizing the Ferrum Network Token Bridge to enable fast, easy and secure swaps between Binance Chain and Ethereum Network. The Tixl Token Bridge will go live sometime in early September.

Benefits to FRM Holders and Community

As always, the listing fees paid in MTXLT 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 MTXLT staking and listing. We will also be announcing the date/time of the snapshot and MTXLT distribution to 100,000+ FRM holders. So be sure to move your idle FRM into UniFyre Wallet to make sure you qualify for the MTXLT 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.