Announcing the Next Staking Project — XCelLab + FRM Buyback
Dear Ferrum Community,
We are thrilled to announce the next Ferrum Network staking project — XCelLabs.
About XCelLab
XcelDefi (XLD), the next generation DeFi, has announced its recent combined launch on PancakeSwap & XcelSwap decentralized exchange (DEX).
XcelDefi is the native token of the XcelLab ecosystem. The token is backed up by the largest ecosystem XcelLab Ecosystem which comprises a very successful blockchain project like XcelTrip.com (Travel Booking Platform) that allows you to book over 450+ airlines and 2.3 million hotels worldwide and XcelPay Wallet- a fully decentralized ERC20 & BEP20 compatible Wallet. The decentralized wallet allows users to trade and store cryptocurrencies and tokens in a fashion that allows users to have full control over their funds without having to worry about matters like security and reliability.
Recently the XcelLab ecosystem also launched XcelSwap- a decentralized automated market-maker- XcelSwap, which is designed to allow for trading without intermediaries. XcelSwap supports crypto-community to trade BEP-20 tokens that run on Binance Smart Chain with the aid of user-fueled liquidity pools.
Unlike centralized cryptocurrency exchanges that operate under a singular entity, XcelSwap is a decentralized exchange (DEX), built on an automated smart contract that’s based on Binance Smart Chain, XcelSwap enables users to keep full custody of their token, and trade tokens at much lower trading fees.
XcelDefi (XLD) is the Governance Token of XcelSwap. XcelDefi can be used around the platform for swaps, staking, and yield farming. Furthermore, XcelDefi (XLD) can be used by XcelSwap to shape XcelSwap’s future.
XCelDefi Staking Pool Info
Start Date: 09/30/2021 at 12:00 UTC
Full Maturity APY: 100%
Full Maturity Period: 60 Days
Early Rewards APY: 30%
Mandatory Lock: 30 Days
Staking $XLD 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 XCelDefi 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, XCelDefi 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/0xd181a70dce867d16b45df73cc752b3b3138031a48045d3a1af78be6573812836
Buyback Wallet Address on BSC:
0x238882e6ED428ec533d8A9e6F9bf64758E437006
Buyback Wallet Address on ERC-20:
0x238882e6ED428ec533d8A9e6F9bf64758E437006
There’s now over 539,794 $FRM in the buyback wallets 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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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.
