The release of version 2.0 of Ferrum Network's staking program is fast approaching. (FRM stake & earn)
I would therefore like to return to this subject to make you aware of the many benefits of this program.
remuneration structure:
as you can see in the graphics above, there will be 4 different pools, with payout structures ranging from 25% to 85% annually if you go to the end of the contract.
Compared to the first version of staking released in November 2019, contract durations and yields have increased.
it's a decision that was made after community consultation.
It emerged that most preferred longer plans with better earnings.
this is how the first version of staking looked, which was released in november 2019:
the functioning for the first staking version and for FRM stake and earn remains the same.
the only difference is that the minimum number of FRM staked tokens is decreased from 5000 to 2500, to allow more people to participate.
what is the difference between Ferrum Network's staking plans and others?
great flexibility, in all plans, it is possible to withdraw early.
early exits start halfway through the plan.
for example, if the plan lasts 12 months (365 days), one can exit from 183 days.
Of course, in this case, you will leave with less earnings and the tokens that have not been won will be put back in a pot that will be shared between all the participants who will go at the end of the plan.
you'll say to me, "With returns like that, isn't there going to be an inflation problem?"
the answer is no!
Inflation will be imperceptible because the tokens are locked up for long periods of time, and at the same time $FRM tokens will be burned like gas in the different Ferrum Network products (FirstKudiapp, UniFyre wallet,...).
the $FRM token is fundamentally deflationary, all transactions on the network will cost about 1 US dollar cent.
Right now it's about 1 $FRM.
if the price of $FRM is 0.1 US dollar, the transaction price will only be 0.1 $FRM.
in this way, the number of FRM tokens in circulation can only go down, but it will never reach zero.
How does the performance of Ferrum Network's staking pools compare to those of other projects?
well, generally speaking, the yield in Ferrum Network pools is much higher!
for example (maximum yield):
->fantom (FTM) 60% yearly (but decreases as the total number of stacked FTMs increases.)
->Verasity (VRA) 36.5% yearly
->loom network (LOOM) 20% yearly
->cosmos (ATOM) 9.2% yearly
->Terra (LUNA) 8.5% yearly
If I want to stack my $FRM tokens, how do I do it?
it's not complicated!
You will find the detailed procedure here.
the only differences compared to version 1.0 are:
minimum to stack ->2500 $FRM
ability to send your tokens from any ERC-20 compatible wallet, although the default process is designed to metamask
reminder: you can also win $FRM tokens by becoming a social minor!
sign up here
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