Announcing the Next Staking Project: PASSIVE.INCOME

Dominik Martin Świerkot

Published in

FerrumNetwork

3 min readApr 1, 2021

Dear Ferrum Community,

We are thrilled to announce the next Ferrum Network staking project — PASSIVE.INCOME!

Passive Income was founded by the blockchain entrepreneur, Bjorn Mattens. His vision of creating a unique and sustainable income stream available for all, was realised in 2020 through the creation of the passive income token. Passionately determined, Bjorn was able to share his enthusiasm for blockchain technology and business acumen with other like-minded people; all of whom possessed their own unique, individual skillsets.This led to the creation of a forward-thinking group of innovative individuals and leading industry experts, to which is ever expanding. The Passive Income token itself, generates dividends based on the amount of PSI tokens held within a wallet.

Interest is generated through a 1% fee applied to transaction costs over the network, which is then subsequently distributed to PSI holders, relative to their holdings. This leads to the generation of additional compounded holdings without having to do anything: a true Passive Income stream. As we want to expand the amount of passive income being generated for holders and increase the utility capabilities of the token itself, we will also release a range of blockchain applications which each have their own Unique Selling Points and will therefore, generate additional income for PSI holders.For more information regarding our future applications and vision, we recommend going through our medium and gitbook information, accessible in the header of this page. If you have any other questions, please feel free to join our Telegram chat, where our moderators and team are always ready to answer any questions you may have.

In this article, we describe PASSIVE.INCOME Staking and why it is so valuable for both projects.

Staking PASSIVE.INCOME 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 PASSIVE.INCOME — with not enought 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 BEP20 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 PASSIVE.INCOME 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.

PASSIVE.INCOME 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 PASSIVE.INCOME has in store for its staking structure.

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 building a DeFi ecosystem that interoperates across chains and removes barriers to mass adoption with user-friendly products for swapping, staking, and transferring cryptocurrencies. Its cross-chain DAG will enable the transfer of any digital asset in milliseconds for near-zero network fees, unlocking tremendous value for the entire industry. Ferrum’s non-custodial UniFyre Wallet has already revolutionized the way people send crypto with its “Link Drop” technology, and is transforming the OTC market with risk-free OTC swaps embedded in a shareable link. Ferrum’s Staking-as-a-Service is now used by dozens of projects, and our Token Bridge is the fastest, and most secure means of moving assets between Ethereum and Binance Chain. Look for Ferrum to launch more transformative DeFi technology throughout 2020 and beyond.