Ferrum Network Fundamental Analysis

The cryptocurrency market grows with the introduction of thousands of different crypto assets and trading platforms, one needs to consider Ferrum who eliminates third-party intermediaries while securing assets. It a platform for centralized and decentralized applications.

What is Ferrum?

Ferrum Network is decentralized finance (DeFi) platform designed for cross-chain interoperability that connects to any blockchain and works natively with fiat currencies. It was founded by a team of specialists with a long-standing acknowledged history in engineering and blockchain technology.

The co-founder and CEO of Ferrum Network is Naiem Yeganeh who has graduated from the University of Queensland and began his career in software engineering in 2013. Another co-founder is Ian Friend who is now serving as a chief operating officer of Ferrum network. Ferrum network intends to increase the use of crypt currencies in everyday life by delivering comprehensive solutions.

The Ferrum company’s purpose is to make cryptocurrencies available to non-professionals and help make digital assets the world’s new money.

What does Ferrum Offer?

Ferrum Network has launched a complete DeFi ecosystem that interoperates over chains and breaks down barriers to mass adoption.

 It has resolved the Problem of decentralized finance that will never reach its full potential if it remains siloed on a handful of slow and costly blockchains, relies on complex and risky products, and fails to interoperate with fiat currencies.

Advantages of Ferrum Network

1. Ferrum network is working to leverage the decentralization features of blockchain technology to eliminate the need for third-party intermediaries to secure digital assets. 

2. Now the number of fees customers have to pay for transactions and boosts privacy and data protection for both the senders and the receivers will be reduced.

3. A Decentralized Finance staking mechanism provides passive yields for thousands of supporters of dozens of projects.

Ferrum Products

Ferrum is at the forefront of a major shift in core internet infrastructure and aims to boost interoperability and security systems through secure digital assets.

UniFyreUniFyre provides revolutionary Link Drops, sends crypto to anyone, over any medium, using a link. This app of Ferrum network offers its users no more hassle of wallet addresses. It has offered a multi-layered security system that secures user's assets in case their device is lost. UniFyre has proved to be a gateway that is Interoperable with Ferrum’s innovative network product line for investing, transacting, exchanging, and storing any digital asset. UniFyre has become a platform where the Web3 browser allows you to interact with decentralized applications (Dapps) directly from your wallet.

Infinity DEXFerrum is representing the future of digital asset trading with the help of Non-custodial exchange cryptocurrencies over a high-speed, cross-chain DEX that never gets charge of user’s assets and offers the latest features.The cross-chain of Infinity DEX works on Ferrum Network’s groundbreaking interoperability protocol, allowing the peer-to-peer exchange of any digital asset in the blink of an eye. It can be seen that the bulk of transaction volume of centralized exchanges comes from traders running high-frequency algorithmic trades. Infinity Dex has also provided twitch compatibility for live streaming fun and educational experience for traders and their followers.

Subzero WalletSubzero wallet is introduced to store digital assets with the most accessible, low-cost, simple, and secure cold storage application.Mobile cold storage is for digital assets by using an offline Android phone secured by military-grade technology. The Sub-Zero Wallet is simple, low-cost, secure, and mobile – empowering millions around the world to take control of their digital assets. It also consists of a smart wallet that intends to exchange and transact, instantly send those assets to a hot wallet using QR codes. Because the Sub-Zero Wallet runs on the Ferrum Network, it is automatically integrated with our decentralized exchange technology allowing you to seamlessly move your assets from cold storage onto an exchange.

How Is the Ferrum Network Secured?

As Ferrum Network is Ethereum-based, the FRM are ERC-20 tokens, indicating that there is some level of proof-of-stake (PoS) capability integrated into the blockchain.

Through the utilization of directed acyclic graph (DAG) ledger technology, it also employs a proof-of-burn (PoB) consensus. This makes the network highly versatile and allows customers to use and purchase several different cryptocurrency tokens. Combining several consensus methods presents users the ability to benefit from the corresponding advantages of the underlying blockchain technologies.

Ferrum Tokenomics

Ferrum Network and the FRM token are giving millions of people access to financial services that were once restricted to developed nations and far from developing economies. ERC-20 is a token that is native to the Ferrum network. The FRM token ERC-20 is used to pay a small fee on the Ferrum network for every transaction. These fees are then burned as a way to attach proof to each transaction and to give anti-spamming security.

FRM Token UtilityThe FRM token is vital to the Ferrum ecosystem. However, it can be said that the Ferrum Network token is the core asset for the various products and services associated with the Ferrum Network umbrella. Here are some of the base products of Ferrum Network.

StakingFerrum Network provides flexible staking to millions of its users that serve as a type of decentralized savings account. It has become a key player in the Staking-as-a-Service (SaaS) industry that presents solutions for many projects. Ferrum Users can stake ERC-20 tokens and get yield in the process. The staking rewards vary depending on its assets and the lock-up period. Also, the forthcoming operation Iron Mountain took a fundraising initiative intended to bring large-scale adoption to the Ferrum ecosystem by different staking initiatives.

Token BridgeFerrum network works on its core principle that is interoperability.

The Token Bridge of Ferrum Network offers fast and straightforward token swaps among Ethereum and Binance Smart Chain. Furthermore, this swap between Ethereum and Binance Smart Chain assets has proved to be a cost-effective method.

The Takeaway:

Ferrum network has offered FRMx which is a new kind of staking governance token providing valuable utilities, long-term sustainability, a fair launch, and meant to add tremendous value to the Ferrum ecosystem.

The advanced financial products that run on the Ferrum network - like our West African fiat gateway (Kudi Exchange) and non-custodial cross-chain OTC wallet (UniFyre Wallet) - propose to empower millions of users globally. With all its features and services offered we are very positive about its future.