$Ferrum AMA Summary with Decentralized Club✔️

✔️Introduction with Ferrum:👉

  • **Please kindly give your introduction Ian @ifriend05 😊
  • Ian Friend | COO Ferrum Network:
    Hello everyone, it is a pleasure to be here! My name is Ian and I am the Co-Founder and COO of Ferrum Network. We are an interopability network focused on real world applications of blockchain, particularly focused on emerging markets like Africa, where we have launched a fiat-to-crypto exchange + payments app (the Coinbase of Africa)
  • The app is available in the Goolge Play store and has users and generating revenue.
  • Anyway, prior to Ferrum Nework I was an attorney in NYC where I co-founded the blockchain practice team at my law firm. I met Naiem at a networking event in early 2018. He was working at Bloomberg and buildin Ferrum Network at night.
  • By the time we met the private test net could already execute a BTC transaction in milliseconds for near zero fees and could do a cross chain TX with ETH.
  • In May 2018 we won a competition to pitch Ferrum on the main stage at Consensus 2018 in NYC. From there things really took off and we received our first seed investment.
  • But at that time we made a strategic decision to differentiate ourselves from a crowded space. We wanted to build a real product that solves peoples problems and acquire users and generate revenue. As opposed to many projects that just seem to hope others will use their technology. We wanted to build a useful product first then migrate it onto our network
  • Basically Kudi is like Coinbase + Venmo. It allows you to invest in bitcoin and other digital currencies, but it also allows you to send fiat currecny to anyone around the world using What’s App.
  • We launched first in Nigeria and are about to expand it into Ghana next.
  • But Ferrum is much more than Kudi (which we co-own). Its a DAG based network + useful applications that run on top of it like our UniFyre Wallet (non custodial like Trust Wallet), Infinity DEX (cross chain DEX) and Sub Zero Wallet (cold storage app like Trezor but on your phone and much cheaper and easier to use)
  • All of our products have their own websites whcih you can access from the main Ferrum site if you are interested.
  • The product we just released is our flexible staking mechanism
  • This allows you to stake your tokens very easily through MetaMask and earn up to 50%+ returns based on staking time.
  • Our staking is quite unique in that we give you the flexibility to withdraw early, but if you decide to stake to the end you receive extra rewards.
  • Anyway staking pools will open up for contributions this week. There is a 5000 FRM minimum (like $50 USD). We did not want it to be only for whales
  • Yes! You just need 5000 FRM and a metamask. Its extremley easy (just send tokens to the staking contract, wait and then withdraw anytime after the withdrawal period opens)

📢Community ask Questions by Twitter ✔️

📢. Telegram live Questions answered by Ferrum✔️

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🎉Welcome 🎉 We are a community who eats, sleeps and drinks crypto 😉 Contact👇@cryptoTALK01 @UniqueBoyDK for AMA and project promotions♻️ decentralizedclub.net

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Decentralized Club

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🎉Welcome 🎉 We are a community who eats, sleeps and drinks crypto 😉 Contact👇@cryptoTALK01 @UniqueBoyDK for AMA and project promotions♻️ decentralizedclub.net

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