Ferrum Network Restructured Bounty Campaign
Hello Ferrum Network Community,
Our team constantly adapts and evolves in order to exceed expectations on how to launch and operate a successful crypto-ecosystem. We continuously discuss and evaluate our plans to build, enhance and nurture our community with greater efficiency.
As part of our internal evaluation, we have decided to restructure our bounty campaign to maximize exposure of our core fundamentals. We believe that rewarding users who help build Ferrum Network is a crucial factor to our success, so we wanted to make it easier and more rewarding for our community to partake in this process.
The New Campaign
Our restructured campaign will be run on Bitcointalk and Bounty0x concurrently, with separated rewards and allocations to each specific task. We’ve modified the total allocation of FRM for this bounty to 3,125,000. This modification was made in accordance with the new and improved token metrics (being released soon!).
The campaign is set to run from April 23rd, 2019 to July 31st, 2019 and distribution will follow within 30-days of the completion of the Bounty on August 31st. To stagger supply, we will also disburse bounty rewards monthly, for 3 months. The first allocations of FRM will be disbursed on August 31st, the second on September 31st and the final on October 31st. This will help ensure a steady introduction of supply once FRM is live on various crypto exchanges.
Unifyre Wallet & FRM Storage
Our non-custodial crypto wallet — Unifyre Wallet — will be made public in the upcoming months; the estimated timeframe for launch is June-July, in-time for users to download and be prepared for the distribution of FRM. However, Unifyre is NOT required to store FRM (ERC) initially. The ERC-20 FRM will be sent to bounty participants in accordance with the above-timeline.
The official mainnet will go live sometime during Q4. All FRM holders will then be required to swap their FRM ERC tokens to the native Ferrum blockchain.
Ultimately, we suspect the majority of our community members will be utilizing our unique and user-friendly wallet to claim FRM. We’ll outline all the details about Unifyre when it’s completed and ready for public use.
In the upcoming weeks and months, we’ll be releasing a series of informative articles related to various aspects of Ferrum Network. We are in the process of structuring and finalizing those key pieces of materials and will be made public in a timely manner.
Ferrum Network has successfully concluded the pre-sale and we are about move into our our Private sale stage. Our public sale is set to occur mid-Q3, with more details being provided in a later document.
Note to Prior Bounty/Airdrop Participants
Do not worry — for those who participate in our prior campaigns your participation has been recorded and you will still receive your rewards. However, all prior bounties/airdrops are now closed, so please do not attempt to participate in them.
Among our core principles are the following: community, transparency and usability. To achieve all three, we will continue to work diligently to analyze and improve all our operations, as we study and cater to our core audience, as we all as develop platforms and products to target emerging audiences.
So please enjoy the new bounty and never hesitate to ask us any questions along the way. And thank you for your continued support of Ferrum Network!
Very Truly Yours,
The Ferrum Network Team
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