Project： Ferrum Network
Ferrum Network is a high-speed interoperability network for real-world financial applications. Our revolutionary technology brings networks together for high-speed and low-cost transaction experience, for most digital assets: BTC, ETH, XRP, EOS, Zcash, and hundreds more. Ferrum Network aims to empower millions around the world with advanced financial products including fiat gateways, a DEX, non-custodial wallet and cold-storage app.
Ferrum Network runs on its own native utility token, similar to Ethereum gas. Users must spend a small amount of FRM for each transaction to increase transaction speeds and as an anti-spamming measure. Because Ferrum is its own network built from the ground up, it would not operate without the use of its own native token to power it. Notably, every time a FRM token is spent, it is burned. Moreover, since we already have a live product (Kudi Exchange), which runs on the Ferrum Network, the token has immediate utility at TGE. Our Malta counsel and NYC based counsel are both producing memorandum concluding that the token is legally a utility token.
Token Distribution Schedule
Circulation：42,539,167 (12.82% of Total Supply)
Liquid Circulation (ERC 20)：38,789,167 (11.69% of Total Supply)