Review on Ferrum Network by Paul Maduagwu
$FRM can only get better.
Ferrum Network $FRM's major trading market is BitMax Exchange, followed by Uniswap. This project is available both as ERC20 and BEP2 tokens, though staking support on Ferrum Network's "Unifyre wallet" is only for the ERC20 tokens.
$FRM is the utility token of Ferrum Network and its products. Through Ferrum Network's Unifyre wallet, the project has it hands in Decentralized finance by providing quick and easy P2P swap of a long list of ERC20 tokens. Which lists $FRM in a way among DeFi cryptocurrencies.
You can make payments with $FRM and stake for passive income, and being backed by a network owning a multi-cryptocurrency wallet (Unifyre) that has already reached over 1,000 downloads on Google playstore, and has a decentralized Exchange, that gives $FRM an extra layer of trust.
Presently its price is just above $0.05, and has done pretty well in price since its launch in 2018. It reached an all-time-high this year (2020). This project is solid as far as my research has seen.
Pros
- Good social media presence and active community.
- Available on Ethereum and Binance Blockchain.
- Staking Support.
- Good trading volume.
- Backed by working products and a growing ecosystem.
- Ferrum Bridge to easily swap between ERC20 and BEP2 $FRM.
Cons
- Not Mineable.
- Still a small number of holders, even smaller with the Bep2 token.
