Ferrum Network Teams Up with Vectorblocks!

Ferrum Network is a decentralized exchange and transaction network. By utilizing existing and novel technologies, Ferrum Network allows users to cryptographically represent other digital assets, which can then be used as a medium of exchange for other digital assets, whether they are backed by centralized or decentralized technologies. We propose a protocol called Ferrum and its implemented cryptocurrency proxy called Fe. The value of every Fe is pegged to another cryptocurrency, and it can be imported or exported in relation to the underlying cryptocurrencies it represents.

Users can further convert their Fe back to any other originating cryptocurrency supported by the Ferrum Network. We further propose an implementation of Ferrum based on a directed acyclic graph (DAG) ledger. We utilize concepts that we call Proof of Burn, External Proof, and Futures to enable this cross-chain exchange.

Ferrum Network runs on its native token, the Ferrum Token, or FRM, as the gas of the network. As a true utility token, the FRM is necessary to prevent malicious actors from spamming the network and to present proof to the network in order to run transactions. It is also used to increase transaction speeds, activate the Sub-Zero Wallet, reduce fees on the Infinity DEX, import and export value to and from the Network, among other functions. Finally, Kudi Exchange will cost FRM to use, but Kudi has agreed to pay this cost for users up to a per-user limit for a promotional period

Ferrum Network Teams Up with Vectorblocks!

We are proud to announce that Vectorblocks has joined the Ferrum Network advisory team! Led by some of the smartest and hard-working guys in the industry, Vectorblocks is a global strategic advisory with a focus on long term vision, custom-made strategies, and trust-based relationships.
In this article, we quickly explain the basis for our decision to join forces, and give you a sneak peak at what we’ve been doing together behind the scenes.

Matching Values
A long term approach, transparency and honest business practices are the cornerstones of Ferrum Network. Similarly, Vectorblocks understands that long term thinking is crucial to a company’s success. We are fortunate to have filled out our advisory team with guys who share our values, and believe in building something for the future.

Immediately Adding Value: Innovative Token Metrics
Since coming on board, Vectorblocks have been working around the clock developing innovative token metrics that support the long term goals of the company, and which fit perfectly in the current market. Without revealing too many details, the metrics are designed to support long-term price appreciation, incentivize and reward early investment, and facilitate global adoption of our token and products.

Custom Strategies for Long Term Growth
Whether its developing unique marketing strategies, IEO/ICO planning, exchange listings, or helping with product/market fit, Vectorblocks will be supporting Ferrum Network across the board. We know that as Ferrum Network continues to grow in all areas, Vectorblocks will be there to provide valuable advice and support along the way.

Up Next
You’ll continue to see announcements and updates as we ramp things up, including the release of our new metrics and private sale information…
Until then, please enjoy our new “Get Schooled” bounty program and please give Willem and Robin a shout out in the Telegram group!

Key features of ferrum network

+ Cross-Chain Interoperability - a next generation protocol designed to connect with every blockchain
+ High-Speeds and Low Costs - peer-to-peer transactions that confirm in milliseconds for around 1 cent in network fees
+ Integrated Line of Financial Products - buy, exchange, transact, and store any digital asset using advanced financial applications that run on the network
+ Launching with Users and Network Utility - real products, real users, proven business practices.