Ferrum Network is a fast interoperability network intended for real-world financial applications. It consists of two interconnected elements: (1) the vertically integrated financial applications operating on the network which enable users to sell, purchase, transact, store, and exchange any crypto asset without taking custody of it, and (2) a DAG-based interoperability network capable of connecting to almost any blockchain allowing instant P2P transactions of any digital asset. The native Ferrum Network utility token, FRM, fuels the network. All transactions necessitate a nominal of FRM be used and burned as an anti-spamming measure and to attach proof to the transaction.
Ferrum Network’s product line features a live fiat gateway plus payments application dubbed “Kudi Exchange.” The app is a quick, low-cost platform for selling and purchasing virtual currencies, coupled with an innovative P2P payments application enabling users to send fiat currency in real-time and without any banking intermediary. It is the first West African fiat-to-crypto exchange with access to a USD-backed stablecoin.
Ferrum Network’s noncustodial crypto wallet, UniFyre Wallet, will let users transact any crypto asset without counter-party risk and offer disruptive capabilities, including instant market trades, risk-free OTC trading, and safety features to avoid accidental loss.
Ferrum Network was designed by a distributed systems expert boasting more than a decade of experience at the world’s biggest technology firms. It was created to address two significant issues hindering the mass adoption of digital currencies—the lack of interoperability between networks and slow transaction speeds. Ferrum Network utilizes the values of current blockchains and links them to a high-speed transaction layer which allows P2P transactions of any crypto assets.
|Dates||2019-07-31 – 2019-08-14|
|PreICO Price||1 FRM = 0.016 USD|