Announcing the Next Staking Project — PolkaCity + FRM Buyback
Dear Ferrum Community,
We are thrilled to announce the next Ferrum Network staking project —
PolkaCity.
About PolkaCity
PolkaCity.io is a fully autonomous contract-based NFT based metaverse that allows you to invest in digital virtual assets (3D&AR NFTs) in the form of a virtual city. Their digital NFT assets are being traded on Opensea for more than 6 months with more than 1000 ETH trading volume.
Polkacity has launched their own 3D&AR NFT store, NFT Marketplace, BSC-ETH Token and NFT Bridge and an NFT treasure hunt game so far. All of these contracts have been audited by CertiK.
Additionally, they are developing a NFT based game where people can use their NFTs in PolkaCity. For example, if an investor has PolkaCity Lambo NFT, he or she can drive it in their upcoming NFT game. Please watch their game demo video for a better understanding. The game is scheduled to be released sometime in December.
MetaVerse Land Sale & Staking Pools Info:
The contribution period will start from 28th November at 5 PM UTC. You will be able to deposit POLC tokens to the staking pool during the 7 day period and then the staking will start on 05.12.2021 at 5 PM UTC and last for one month. In other words, the pools will be open for a week and the staking will go on for the following month.
The first pool will be for the small meta plots (small pieces of land) and will require 1500 POLC tokens. So, if you would like to stake for different metaplots, you can stake several times, but each time you can only stake 1500 POLC tokens. The second pool is for 6000 POLCs, the medium plots. The third one requires 30000 POLC tokens, and you will be able to purchase a large meta plot. The fourth, and the largest pool will be for the extra-large plot, and you will need 60000 POLC tokens.
Small Metaplot Pool: 500 units small metaplot 1500 POLC fixed price (300 units in BSC and 200 units in ETH)
Small Metaplot Pool (ERC-20 & BSC):
Start Date: 11/28/2021, 17:00 UTC
Days Open for Staking: 7 days
Full Maturity Period: 30 days
Mandatory Lock: 30 days
Medium Metaplot Pool: 125 units medium metaplots, 6000 POLC fixed price (75 units in BSC and 50 units in ETH)
Medium Metaplot (ERC-20 & BSC):
Start Date: 11/28/2021, 17:00 UTC
Days Open for Staking: 7 day
Full Maturity Period: 30 days
Mandatory Lock: 30 days
Large Metaplot Pool: 25 units large metaplots, 30,000 POLC fixed price (15 units in BSC and 10 units in ETH)
Large Metaplot Pool (ERC-20 & BSC):
Start Date: 11/28/2021, 17:00 UTC
Days Open for Staking: 7 days
Full Maturity Period: 30 days
Mandatory Lock: 30 days
Extra-Large Metaplot Pool: 7 units extra large metaplots, 60,000 POLC fixed price (4 units in BSC and 3 units in ETH)
Extra-Large Metaplot Pool (ERC-20 & BSC):
Start Date: 11/28/2021, 17:00 UTC
Days Open for Staking: 7 days
Full Maturity Period: 30 days
Mandatory Lock: 30 days
Staking $POLC 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 PolkaCity 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, PolkaCity will be able to launch its Staking program before their public launch, 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://bscscan.com/tx/0xebaf2c986f889a0504115829e9421156594a6ae2a494e12cad8abcb6db03fdaf
Buyback Wallet Address on BSC:
0x238882e6ED428ec533d8A9e6F9bf64758E437006
Buyback Wallet Address on ERC-20:
0x238882e6ED428ec533d8A9e6F9bf64758E437006
There is now over $230,986 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”. This approach boasts over 100 clients, nearly $100 million in TVL, millions of dollars worth of bridged assets and hundreds of smart contracts deployed. We’re proud to say that throughout our tenure providing both our Staking as a Service and Cross-Chain bridging solutions we have not fallen victim to a single exploit! 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.
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.
