Ferrum Network. Cross-Chain Interoperability – a next generation protocol designed to connect with every blockchain.

cryptomoonwalker (25)in #ferrumnetwork • 5 years ago (edited)

Introduction

In the era of digital data, money, and assets current solutions to interoperability problems, such as atomic swaps and decentralized networks of ETH, TRX, EOS and many others based tokens are commendable but severely limited in transactions speed, scalability, and functionality. For now, decentralized networks that allowing fast, cheap and functional exchange of any digital assets through any blockchain was not successfully implemented, but in return we have large centralized exchanges which made a big impact on the whole blockchain-crypto ecosystem, allowing third-party risk and loss of assets and data plus undermine the original vision of creator of Bitcoin. Meanwhile, many of the proposed decentralized network exchanges do not meet the needs of users, due to small trading volumes, slow transaction speed and lack of trading pairs for most assets/tokens.

Main idea

The team of the Ferrum Network decided to get rid of the current problems associated with the Decentralized and Centralized exchangers and created its own unique agnostic network, that uses breakthrough cryptography techniques for secret sharing without a trusted dealer, and innovative techniques based on quorums, Ferrum network enables the fast and cheap exchange of almost any asset based on the origin of the blockchain. Every transaction occurs on Ferrum network with a directed acyclic graph (called "DAG"), which had been designed for this particular use cases, that is why all transactions are much faster and cheaper than other DEX networks which require connections between different blockchains.

Ferrum Network has its own native token called Ferrum token (ticker: FRM), this token plays the role of gas, same as ETH on Ethereum network and prevents intruders to spam and present proof to the network in order to run and approve transactions. This token is also used to speed up transactions, activate Sub-Zero wallet and reduce fees on Infinity Decentralizes exchange. All transactions on Ferrum Network needs a little amount of FRM tokens, which will be burned after completion of the transaction.

Tokenomics

Token ticker: FRM
Token Price: $0.016
HardCap: $1,120,000
For Sale + Reserve: 40%
Token for Sale + Reserve: 132,687,500
Total Supply: 331,718,750

TokenSale & Listings!

Ferrum Network will be running ICO on August 1st, 2019. A portion of native utility token will be made available on the Binance Chain as a BEP-2 token (more details regarding timing and amount to follow). Ferrum Network Team will be submitting a proposal to list FRM on Binance DEX, after premier listing on BitMax on August 5th.