Ferrum Network connects all chains and opens up unlimited opportunities for both developers and projects.
About Ferrum Network
Ferrum also specializes in Service DeFi multi-chain blockchain company, adding deflationary mechanisms, token utility and advisory services to projects in the crypto space.
Based on the Quantum Portal engine and secured by Proof of Stake with Capped Cost (PoS) and Multi-Chain Validator Staking (MPoS), Ferrum Network provides best-in-class security, combined with next-generation interoperability. Value Constrained Pos Rollup (VCPR) uses L1 security in the same way as ZK and Optimistic Rollup but can support multiple L1s and is not limited to Ethereum. VCPR allows Ferrum blockchains to become L2 for many chains.
Distinctive features:
| 1. | FRM is used as a routing token for MultiSwap. Fees, earned through MultiSwap, are either burned or used to supplement a sustainable rewards model. |
| 2. | By issuing and staking Crucible tokens with FRM and FRMx, you can access sustainable rewards. |
| 3. | Through commissions, generated from “Staking as a Service” solutions, grants from blockchain partners and/or profits from Ferrum advisory services, Ferrum uses 10% of its profits to buy FRM/FRMx from the market. |
By combining Quantum Portal and limited value POS Rollups, Multi-Chain Staking allows Ferrum blockchains to use the native security mechanisms of each chain where transactions take place, instead of relying on centralized off-chain or secondary chain staking. Staking occurs on chains where transaction/information verification is required.
Project tokens
FRM — the native cryptocurrency of the Ferrum network, necessary for users to interact with the network. It is also used as a routing token for MultiSwap and is deflationary thanks to Crucible.
FRMx — the native cryptocurrency of the FerrumX network and a necessary gas token for users to interact with the network. FRMx is also deflationary thanks to Crucible and is also a governance token. This is required in order to be part of the Management Committee. The Management Committee plays an integral role in the management of Ferrum.
FRM and FRMx are deflationary assets. Whether they are used as gas on their respective main Infinity Layer networks, used as a routing token through MultiSwap, or generate transaction fees through Crucible, both FRM and FRMx are subject to routine burns.