FerrumNetwork
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FerrumNetwork

Announcing the Next Staking Project — Nuco.Cloud + FRM Buyback

Dear Ferrum Community,

We are thrilled to announce the next Ferrum Network staking project — nuco.cloud!

About nuco.cloud

Nuco.cloud is the first crypto project in Germany to receive a grant from the German government in 2018 and again in 2022.

Nuco.cloud is pleased to announce the launch of various innovative products that will change the way users & cooperations use cloud computing services. The easiest way to describe their products: It’s like a car-sharing app for computing power. Depending on the products the target groups include private users, medium-sized companies & large enterprises.

Products:
-
nuco.cloud pro
- nuco.cloud non pro
- nuco.cloud custom

*All products include our unique software to automatically apply for government grants to purchase computing power.

Product overview

nuco.cloud (non pro)

Video: https://youtu.be/tonyFaIFYf4
Target group: private customers, small and medium sized companies
Features: completely decentralized, fewer filter options than nuco.cloud pro
Release: Quarter 2/2022

Facts

  • Based on BOINC
  • Commercial and user-friendly version of BOINC
  • No specialized hardware needed
  • 75–90% cheaper than AWS etc.
  • Than 10 PetaFLOPS already
  • Payment in NCDT / NUCO token
  • Software to apply for government subsidies for computing power (The customer gets the opportunity to have a large part of his computing power paid by the government. This also applies if the bill is paid in tokens).
  • Fully decentralized
  • Fully encrypted

Used Hardware: No specialized hardware is needed. Old unused tech is welcome!

  • Windows
  • Linux
  • MacOS
  • ATI GPUs
  • Nvidia GPUs
  • Android smartphones

nuco.cloud pro
Video: https://youtu.be/8WsXpb1rOZI
Target group: Enterprise customers
Features: significantly more filtering options than nuco.cloud (non pro), centralized
Release: Quarter 2/2022
Registration for beta test open
Beta Test is live since January 2022

In nuco.cloud pro, the customer will be able to filter by the:

  • Maximum latency
  • Minimum throughput
  • Hardware used
  • Location
  • If renewable energy should be used
  • Privacy / data protection certificates

Facts

  • Cooperation with CUDOS
  • Computing power purely from professional data centers
  • Filter options for preferences (see above)
  • 75–90% cheaper than AWS etc.
  • Scalable
  • Security at data center level
  • Software to apply for government subsidies for computing power (The customer gets the opportunity to have a large part of his computing power paid by the government. This also applies if the bill is paid in tokens)
  • Payment in EUR or NCDT / NUCO token (20% discount if payment is in NCDT / NUCO tokens)
  • Hosting
  • Virtual Servers
  • Dedicated Servers
  • Storage

nuco.cloud custom

Release: Quarter 2/2022
Target group: from private customers, small and medium sized companies up to Enterprise customers
Features: significantly more filtering options than nuco.cloud (non pro), centralized

Similar to nuco.cloud pro, but the connection to any data center is possible via API, which makes it much more flexible (custom). In addition, price comparison software with AI plus subsidy software -> the customer always receives the best price and can also have the computing power subsidized / promoted by the state.

Facts

  • Integration of each data center via API possible without the data centers having to install special software
  • Computing power purely from professional data centers
  • Scalable
  • Security at data center level
  • AI based price comparison software
  • Software to apply for government subsidies for computing power (The customer gets the opportunity to have a large part of his computing power paid by the government. This also applies if the bill is paid in tokens).
  • Payment in EUR or NCDT / NUCO token (20% discount if payment is in NCDT / NUCO tokens)
  • Hosting
  • Virtual Servers
  • Dedicated Servers
  • Storage

Partnerships

Their partnerships include major companies such as CUDOS, BOID, Bitkern, Ledger, and others. Check out our website for more information.

First successful beta test

In early 2022 they launched the first successful beta test of the nuco.cloud pro version. According to their roadmap, all three products are going to go live in Q2/2022, and listings on major Exchanges are immediately ahead.

The nuco.cloud platform allows you to monetize the unused computing power of your smartphone, computer, or server through our easy and simple to use nuco.client app. Miners providing compute capacity will be paid in our TELOS-based token NUCO directly after the soon to be launched nuco.cloud. This can be converted into NCDT (ERC20) which is already listed at crypto exchanges via a bridge from PTOKENS and then sold at crypto exchanges. To obtain computing power, the customer takes the opposite route..

Nuco.cloud based on BOINC (Berkeley Open Infrastructure for Network Computing), originally created by a team based at Space Science Laboratory in 2002 to support scientific research in need for large computing calculations.

In this article, we describe nuco.cloud staking and why it is so valuable for both projects.

Nuco.cloud Staking Pools

Liquidity Staking 2
Join nuco.cloud staking
Start Date: April 6 2022 at 14:00 UTC
Days Open for Stake: 30 days
Mandatory Lock: 60 days
Early Rewards APY: 5%
Days Until Full Maturity: 120 days
Maturity Rewards APY: 105%

Staking nuco.cloud 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 nuco.cloud — with not enough flexible 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!

Join nuco.cloud staking today and start earning rewards!
- https://nuco.cloud/landing-page/

Projects like nuco.cloud 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.

Nuco.cloud 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 nuco.cloud has in store for its staking structure.

Buybacks from Ferrum Network

To share the success with our community and add additional token utility, Ferrum conducts a buyback for every product sold to reduce the total supply of tokens in circulation, ensuring both $FRM and $FRMx continue to be deflationary🔥 Below are 3 of the primary drivers to the Ferrum Buyback Program:👇.

⭐️ Ferrum Token Bridge — Portion of the generated fee revenue is used for Buybacks
⭐️ Ferrum Staking as a Service — Portion of the revenue for each staking pool
⭐️ Ferrum Advisor Services Incubator — Portion of the profits generated through the FAS Incubator

$FRM Token Buyback Transaction
https://bscscan.com/tx/0x5825c7660d8af9652d689318bf2ed2c46f2e0b34a45e652cbb0dcc9c7b14b607

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

Thank You

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 a pioneer in ushering in the era of Interoperability 2.0. Powered by the Quantum Portal, Ferrum Network’s mainnet nodes and related infrastructure will bring value, data, and functional interoperability to every chain in the industry. Utilizing the Ferrum Network, anyone can build and deploy solutions on one network and instantly enable multi-chain functionality without the burden or technical debt of managing a multi-chain infrastructure for their dApps, and projects.

Ferrum also specializes as a multi-chain Blockchain as a Service DeFi company, adding deflationary mechanisms, token utility, and advisory services to projects across the crypto space.

With the mission of breaking down barriers to mass adoption in mind, Ferrum empowers the industry by reducing friction and bringing startups and established networks closer together.

Nuco.cloud — Social Media

Website | Staking Page | Telegram | Twitter | Instagram | Discord | Whitepaper

Ferrum Network — Social Media

Website | Telegram | Twitter | Medium | YouTube | TikTok | Discord

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