Introducing Pool Drops — Send Crypto to Multiple People with a Single Link

Published in

FerrumNetwork

3 min readJul 7, 2020

Dear Ferrum Community,

We are thrilled to announce the launch of UniFyre Wallet Pool Drops! For the first time, users can send crypto to multiple at once with a single link. To analogize, if Link Drop is a single text to a person, Pool Drop is like starting a group chat. It’s the first fun, engaging and promotional multi-sender tool in crypto!

Pool Drops and the Crypto Distribution Problem

Influencers, projects, and marketing teams routinely struggle with distributing crypto. Until now, the process has been manual — sending funds to each person one at a time. This process can take hours, result in exorbitant gas fees, and is neither exciting nor promotional.

Moreover, in the old system, senders needed to get the addresses of each individual participant before sending the funds! A separate process that often takes hours.

But what if you could run a contest and distribute any UniFyre Wallet asset to dozens of winners with a single link? And what if you did not need to know their wallet addresses in advance?

For example, what if could Pool Drop a link in a Telegram channel that contained 100 USDT, and 100 winners could automatically claim $1?And what if your Pool Drop could promote your specific YouTube, Twitter, Telegram channel or website in the process?

Now you can with UniFyre Wallet Pool Drops! The first fun, easy and naturally promotional multi-sender tool in crypto!

How Pool Drops Work

Pool Drops are based on a Ferrum Network smart contract that allow users to designate an amount of crypto to distribute, a number of recipients, and then automatically allows anyone who accepts the Pool Drop link to receive an equal proportion of the funds.

Once the Pool Drop is claimed (either fully or partially), the sender authorizes the transaction (“Sign and Close”) and the tokens are automatically sent to the claimants’ UniFyre Wallets.

To check on the status of your Pool Drop and how many have claimed it, just click on the Pool Drop link. This will take you back to the claims page, where you can either accept the claims by “signing and closing” which will distribute the tokens, or cancel the Pool Drop.

Finally, the sender also gets to designate a promotion link the recipient will visit after they claim the funds — making it extremely easy to promote your channel!

The entire process is easy, fun and secure. And it works with any asset that is listed in UniFyre Wallet!

How to “Drop” a Pool Drop

First, go to “More Settings”, then under “Advanced” you will see an option for “Pool Drop”.

Next, select a token/coin to Pool Drop (Pool Drops work with all listed tokens).

Then select the total amount to Pool Drop, the number of participants and amount per participant. Also add a message to send after completion, like “thank you for participating in this Ferrum Network giveaway”. Finally, input a link to visit after the tokens are claimed to promote your channel!

Once the Pool Drop Link is created, you can post it anywhere (Telegram, Twitter, Facebook, etc) and everyone who claims the Pool Drop will be sent share of the asset straight to their UniFyre Wallet!

More Information and What’s Coming Up Next

For more information or questions about Pool Drops or anything else related to UniFyre Wallet or Ferrum Network, please join the Ferrum Network and UniFyre Wallet Telegram communities.

Next week we will announce the next UniFyre Wallet partnership listing, and we could not be more excited about it!

Finally, on behalf of the Ferrum Network team and community, thank you for your continued support!

Very truly yours,

The Ferrum Network Team