Announcing the Next Staking Project — Spores + FRM Buyback
Dear Ferrum Community,
We are thrilled to announce the next Ferrum Network staking project — Spores.
About Spores Network
Spores leverages the blockchain and uses smart contract technology to authenticate NFTs, track their own records and buy/sell history, securely decentralize their trading procedure, while fully complying with intellectual property & copyright licenses to protect the NFT creators’ & owners’ benefits.
Spores is equipped with a full range of features to facilitate and benefit all participants (artwork & content creators, game developers, entertainment producers, clubs, collectors, celebrities, and fans, etc) to promote a creator-centric, frictionless, borderless, and community-driven ecosystem.
Basic features include:
● NFT minting portal for token creators
● Account management tools for token holders
● Auction engine
● Cross-chain exchange, NFT staking & liquidity pools
● Marketplace and NFT ranking tools
● Interoperability and DeFi gamification
● AI assistant for checking and tracking NFTs
● APIs & SDKs for developers
Main Features:
● Gamified royalty sharing: Royalty sharing for NFT creators, incentives for users & traders with transaction mining
● T-DeFi: Fractionalizing multiple NFTs, utilizing LP mining on DEXes,
lending & staking, to improve overall liquidity
● Batch minting & transfer: Bundles of NFTs can be minted and transferred with minimal fees
● User friendly: Everyone can create NFTs without coding skills and trade without underlying blockchain knowledge
● NFT drops: Free NFT drops from notable & exclusive creators to users and LPs
Spores Staking Pool Info
Staking starts on 09/21/2021, 14:00 UTC
Staking pools will be open for 10 days
90 days staking until full maturity
30 days mandatory lock
Early Rewards Return 8% APY
Maturity Return 30% APY
Staking $SPO 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 Spores 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, Spores 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. 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/0x74dd64563b91db1a2860cacb090ccf1a908f5b251989f5a81192163f24012e9d
Buyback Wallet Address:
0x238882e6ED428ec533d8A9e6F9bf64758E437006
There’s now over 512,410 $FRM in the buyback wallet 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.
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