Announcing the Next Staking Project — ENEDEX + FRM Buyback
Dear Ferrum Community,
We are thrilled to announce the next Ferrum Network staking project —
ENEDEX.
About ENEDEX
ENEDEX is a Crosschain DEX for Energy Trading and Launchpad for tokenization of Renewable Energy Projects.
Energy is the latest asset class that is joining the DeFi innovation. ENEDEX brings a new way energy trading will be conducted in the future and enters a censorship resistant and transparent universe with democratized global access for all.
It is hard for the average person to trade or invest a small amount in energy assets. Tokenization of energy assets breaks down entry barriers linked to market access, geographical barriers, high transaction costs, and liquidity constraints.
ENEDEX enables a market for minters to safely issue over collateralized synthetic assets, a market for traders to gain exposure to them, and a platform for entrepreneurs to develop new projects accelerating the energy transition creating a sustainable environment.
ENEDEX Launch Pool (BSC):
Start Date: 02-December-2021 at 16:00 UTC
Days Open for Staking: 7 days
Full Maturity Period: 365 days / 1 Year
Full Maturity APY: 100%
Mandatory Lock: 90 days
Early Rewards APY: 25%
Staking $ENE 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!
Projects like ENEDEX 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 partner project.
ENEDEX launching its Staking program will increase its token utility while rewarding community supporters and 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 & $FRMx. 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://bscscan.com/tx/0xda5541f945ed5a6420914337088ae788d1980ea5b65eb85b6055d89bffc1c3f9
Buyback Wallet Address on BSC:
0x238882e6ED428ec533d8A9e6F9bf64758E437006
Buyback Wallet Address on ERC-20:
0x238882e6ED428ec533d8A9e6F9bf64758E437006
There is now over $232,986 USD worth of $FRM & $FRMx in the buyback wallets (on BSC & ERC-20) just from 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.
At Ferrum Network, we’re committed to building secure protocols. We consider ourselves “paranoid security freaks”. We’re proud to say that we have not fallen victim to a single exploit throughout our tenure providing both our Staking as a Service and Cross-Chain bridging solutions! We took the same approach when architecting the Ferrum Cross-Chain Token Bridge as we did when integrating the security protocols used in our Staking Tech. This approach boasts over 100 clients, nearly $100 million in TVL, millions of dollars worth of bridged assets, and hundreds of smart contracts deployed.
Disclaimer
A project’s use of Ferrum Technology and/or wallet listing does not constitute an endorsement of that project or its token from an investment standpoint. All projects that use Ferrum Technology 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 cryptocurrency participants are advised to do their own research before interacting with cryptocurrencies.
