Announcing the Next Staking Project— FOMO Chronicles + FRM Buyback
Dear Ferrum Community,
We are thrilled to announce the next project to list on the Ferrum Cross-Chain Token Bridge — FOMO Chronicles.
The FOMO Chronicles ($OTAKU)
With The FOMO Chronicles you will ‘Earn as you Learn’ about many aspects of crypto along with best and safe practices. The FOMO Chronicles will be released as a limited edition NFT series, with multiple bonus utilities, which will be announced closer to release date. One such utility will be an allocation of $OTAKU tokens which can then be used within the FOMO Chronicles Manga DeFi ecosystem.
$OTAKU Token Use Cases
The $OTAKU Token is the native token for the entire FOMO Chronicles Manga ecosystem. It will have multiple uses, be it as a payment system ledger, including for project Staking and Farming rewards.
Token will also play role as an NFT creation asset.
The token will be used for “Creator Grants”.
Qualifying token holders will be guaranteed NFT Manga Subscriptions.
$OTAKU token will also allow for access to FOMO Chronicles Manga Governance Committee for qualifying parties.
Why $OTAKU?
Ferrum Network understands the need to digitize Manga, which is a natural progression of the genre, making it more far reaching and less reliant on physical resources for production. The $OTAKU project aims to store Manga on the blockchain as digital assets that wont ever degrade, and minting them as NFT’s combining their ability to encrypt all sorts of additional information and utility, is the perfect evolution. With the recent massive rise in value and popularity of NFT’s combined with the record levels of Manga sales, to blend the two was a necessity. To further integrate DeFi (Decentralized Finance) is the next level.
FOMO Chronicles Staking Pools Info
The FOMO Chronicles Staking Pools will start on 10/15/2021, 16:00 UTC.
Visit the Official FOMO Chronicles Staking Page below to learn more: https://fomochronicles.com/staking/
Staking $OTAKU 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 FOMO Chronicles 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, FOMO Chronicles will be able to launch its Staking program before their mainnet goes live, which will help to 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 & $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://etherscan.io/tx/0x71172fe942bf04574cc78505ca4fa1f59cb72d81398a4f897a1cc8cd9f35c032
Buyback Wallet Address on BSC:
0x238882e6ED428ec533d8A9e6F9bf64758E437006
Buyback Wallet Address on ERC-20:
0x238882e6ED428ec533d8A9e6F9bf64758E437006
There is now over $159,502 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.
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.
