Ferrum Network - The Interoperable Chain
Hello! I've found another great ICO and wanted to tell you about this project called Ferrum.
As you know, there are lots and lots of companies trying to create their own chains. Also there are chains to connect all those chain. Well, Ferrum is that last one. Ferrum Network will connect any blockchain and allow interoperability in between.
Ferrum uses DAG architecture which works without miners, and has minimal fees. People will be able to buy digital assets in Ferrum's fiat gateway called Kudi Exchange. Its mobile wallet also allows people to send peer to peer fiat money over Whatsapp or SMS. It uses Gemini dollar which is a US$ backed stablecoin.
Ferrum's official wallet is called UniFyre wallet and it will be ready soon. But it has some special dApps as well, such as:
OTC Wallet
Right now, people use "escrow" to change assets. Escrow means a third party that gives assurance. However it is not that safe either, what if that person is not trustable or what happens if something happens to him/her?
Blockchain solves this quickly, of course. With Ferrum's wallet, when A sends money to B to buy some token, B needs to send tokens too. Then the contract is done, and now A can get the tokens, B can get the coins and trading is safely done. A is not afraid of scamming, B is not scared of not getting his/her money. If one of them doesn't send, other party gets its coins back. Normally, in a standart transaction you don't have this option at all. Blockchain transactions does not have "roll back" feature. But Ferrum's Otc wallet solves this. (and prevent scams) I think this is brilliant and I would use it a lot.
Infinity DEX
Ferrum also offers a Decentralized Exchange called Infinity DEX, which has brilliant features such as margin smart contracts, AI trading assistant. These does not exist in any DEX right now so Infinity will be the first. Especially margin is great for veteran traders.
The Sub-Zero Wallet
The Sub-Zero wallet is a cold wallet that you can do yourself. As Ferrum claims, anyone can use their old Android phone and turn it into the most secure mobile cold-storage. When you want to trade them, you can always send them to UniFyre Wallet of course.
Sub-Zero wallet and Dex will be ready after Q2 2020 according to their whitapaper, as a note.
ICO/IEO
Tokenomics
FRM token
$0.016 a token
less than 5m hardcap (TBA)
132m for sale,
331m total supply
FYI: As I understand, they are going to announce real tokenomics later, when they are doing public sale. But this information is from their one-pager, not wrong, but can be changed.
Roadmap
Q3 2019 - Public sale & Public Testnet launch
Q4 2019 - Interoperability network mainnet launch
Q2 2020 - Sub-Zero Wallet
Q3 2020 - Infinity DEX with advanced features
Team
CEO Naiem Yeganeh has a PhD in Computer Science and have worked in Microsoft and Amazon before. COO is a lawyer worked in New York and created a Blockchain Practice team before. You can check the team in their website.
Their partners are Gemini, TLG Ventures, Token Research Group, Rivetz, Fusion, Hydro and Vector Blocks.
To sum up, Ferrum will bring great features like margin trading DEX, Smart OTC trading, Interoperability, a great cold-wallet for us and much more. I will be following their project.
See you in another article,
Cheers
Whitepaper: http://whitepaper.ferrum.network/
Website: https://ferrum.network/
Altcointalks profile link: https://www.altcoinstalks.com/index.php?action=profile;u=41689