FERRUM Network ICO they promised in the world of digital asset that could be changed into expressions of decentralized networks. But what has emerged sis centralized gates that are way more conventional banks performing and blocking, which cannot simply be in touch with any other. But, but it’ll be changing all.
To understand the basic project idea, let’s discuss the problems and their solution
To understand the future strength of any project, you have to look at the real issues existing currently inside the block chains. Firstly, one of these issues is not the coherence of programs among themselves that complicates our lives.
Network BTC, ETH, EOS entire of them don’t work different paces and are not interconnected. And we continually have to deal with the worldwide issue of transforming a few coins of other networks; we’ve to turn to exchangers, to lose huge interest in this. Then, the pace of such a process is much lower. And there might be issues, errors in the relocate to the stock exchange, in the exchange and several more different issues associated with the transfer of 1 currency to one more network.
Secondly, the block develops gradually, and all individual networks have a diff trade rate. Surely, now, networks have fine trade speed. But those who earlier entered the market remain lag far behind and this is a big issue. Trade costs are also an issue. In each separate they’re different. Well, anyway, pay by the miner, it remains.
An instance is a new story when the guy for the transfer of 0.1 ETH paid about 300K USD to the miners for the trade. Thirdly, financial items are also a vital part of any ecosystem. There lack slows down the progress of the network. It is also hard to find interaction with all other networks without such a product.
But here FERRUM is ready to solve all these issues in one single roof. Enter FERRUM Network, the world’s first P2P network build with the help to read across all blocks. They were promised a world of digital money that could be exchanged P2P over D-networks. But what has arisen are centralized gatekeepers which operate more line conventional bans, and block chains to solve these issues which can readily communicate with one another. But that is all about to change.
Main ideas of the project
• High speeds at low cost
• An integrated line of financial products
• Interaction between chains
TOKENOMICS
There’s still an absence of publically available into about toke sale of FERRUM.
Form the info given on private terms, we can suggest that FERRUM hard cap is very low!
The project has a decent bonus for seed private contributors with solid lock-up, vesting periods.
• Ticker: FRM
• Hard cap: TBA
• Initial Circulating Supply: TBA
• Public-sale Token Price: TBA
FERRUM Network token will be ERC: 20 assets, migrating to native with Main-net. FERRUM token is the gas of the project. FERRUM network will reveal also the Reserve Model to reduce a circulating supply of FRM tokens. More details will announce very soon.
Overall project, TOKENMICS looks super and reasonable, keep waiting for further updates!
Final words
This was the very first look at this unique project. In the near times, I will try to consider in detail the parts which allow you to work in this project. I like the main idea of the program. If the product unites entire networks into one place, however a protocol, this’ll be a huge breakthrough in the world of block chains and digital money. Info about this amazing project, as usual, I’ll leave under this review.
Links
Whitepaper: http://whitepaper.ferrum.network/
Website: https://ferrum.network/
My Details:
Bitcointalk username - shans
Bitcointalk profile url - https://bitcointalk.org/index.php?action=profile;u=1281298
Telegram username -
