Announcing the Next Staking Project — Drife + FRM Buyback
Dear Ferrum Community,
We are thrilled to announce the next Ferrum Network staking project — Drife.
About Drife
DRIFE is a global blockchain-based mobility platform that offers decentralization to the ride-hailing ecosystem. DRIFE’s riders’ privacy is reinforced, and the drivers’ rights and remuneration levels are transparent and fairly distributed. Drivers retain their rights to unionize while the system allows local regulations and compliance to be upheld.
DRIFE tackles the problem of corrupt and greedy ride-hailing platforms that take large commissions, increasing prices for riders and decreasing profits for drivers. With DRIFE, the participants share rewards through DRIFE’s market-driven pricing. DRIFE is a global company that aims to be servicing cities around the world.
No Commission
We are shifting the focus from the existing commission-based platforms to a new subscription-based economic model.
Market-dictated Pricing
Price flexibility through DRIFE’s patented auction-based dynamic pricing model and removal of the middleman’s profit leads to a lower price for riders and higher income for drivers. This also replaces platform-controlled “surge” prices.
Transparency & Freedom to Choose
Drivers will have freedom of choice in subscription plans, the rides to accept, and the fare they quote. Riders have the freedom to choose the driver based on driver rating, fare price, time for pickup driver.
Incentivized participation
The drivers and riders can earn incentives in the platform’s native DRF tokens for their active participation through ride activities, referral bonuses, and bounties.
Staking Drife Through Ferrum’s Flexible White Glove Staking Service
With the emergence of DeFi and the appeal of passive income, staking has taken on a fresh new relevance. Unfortunately, staking and liquidity farming has been chiefly reserved for big-cap projects with mainnet, leaving hundreds of exciting new projects with few flexible options to offer staking and liquidity farming for their token.
This gap in the market is why we built our flexible DeFi Staking Platform. 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!
Drife Staking Pools go LIVE September 4th, 13:30 UTC
Projects like Drife Can Customize Their Staking to Fit Their Needs
Each project and community has unique token metrics, unlocking schedules, and community concerns. Ferrum Network built its DeFi Staking Platform to be fully customizable to meet the needs of each project.
Thanks to the flexibility offered by Ferrum Network solutions, Drife will be able to launch its Staking program before their mainnet goes live, which will help increase their token utility while rewarding community supporters and their early investors.
Thank You
As always, thank you for your continued support of Ferrum Network, and stay tuned for more major news & partnerships to be announced soon!
The Ferrum Network Team
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. Projects can also receive discounts for our products if services are paid for in $FRM.
FRM Token Buyback Transaction
https://etherscan.io/tx/0x80bc18b105cd206355c85ee86baac30aeb1b78d594cfdb031fdb323556139c24
Buyback Wallet Address:
0x238882e6ED428ec533d8A9e6F9bf64758E437006
There’s now over 312,996 $FRM in the buyback wallet just from this month’s 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
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.
Become Cross-Chain Compatible Today
Drife — Important Links
Website: https://www.drife.io/
Telegram: https://t.me/Drife_officialchat
Twitter: https://twitter.com/Drife_official
Facebook: https://www.facebook.com/drife.official/
Ferrum Network — Important Links
Website: https://ferrum.network/
Telegram Official Community: http://telegram.ferrum.network
Telegram Announcements: https://t.me/ferrum_network_announcements
Twitter: http://twitter.ferrum.network
YouTube: http://youtube.ferrum.network
LinkedIn: http://linkedin.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.
