Ferrum Network

Ferrum Network FRM

$0.0479
Market Cap $ 6.683 MM (#579)
24h Volume $ 636.759 K
Chg. 24h: 6.92%
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Ferrum Network project purpose and description

Ferrum Network clarity of purpose

Ferrum Network purpose and aspects

Ferrum Network describes itself as a high-speed interoperability network for financial applications. It is an ultra low-cap DeFI project with advanced financial products that will run on top of a DAG-based interoperability network.

Ferrum Network categories

NetworkingPlatform

Short description

Ferrum Network - High-Speed Interoperability Network for Financial Applications.

Abstract

Ferrum Network is a high-speed interoperability network built for real- world financial applications. It is comprised of two interconnected elements: (1) a DAG-based interoperability network that can connect to nearly any blockchain enabling peer-to-peer transactions of any digital asset in milliseconds, and (2) the vertically integrated financial applications running on the network that allow users to buy, sell, transact, exchange and store any digital asset without taking custody of those assets. The network is powered by the native Ferrum Network utility token, or FRM. Each transaction requires a nominal of FRM be spent and burned to attach proof to the transaction and as an anti-spamming measure. Our product line includes a live fiat gateway plus payments app called Kudi Exchange. Kudi Exchange is a fast, low cost platform for buying and selling digital currencies combined with a revolutionary peer-to-peer payments app allowing users to instantly send fiat currency with no banking intermediaries. It is also the first fiat-to-crypto exchange in Africa with access to a U.S. Dollar backed stable coin. Our non-custodial crypto wallet, UniFyre Wallet, will allow users to transact any digital asset with no counter-party risk, and provides revolutionary capabilities such as risk-free OTC trading, instant market trades, and safety features to prevent accidental loss. In 2020, we will launch our remaining products: a high-speed cross-chain decentralized exchange, and a low-cost cold storage application that operates on an offline Android phone. Imagine sending Bitcoin in milliseconds, exchanging any asset peer-to-peer over a high-speed interoperability network, or sending digital fiat with no intermediary. It is all possible with Ferrum Network.

Link to Roadmap: https://bitcointalk.org/index.php?topic=5134952.0
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