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Ferrum Network ICO Review

Ferrum is a fast interconnectivity network designed for decentralized financial applications. Ferrum brings blockchains together and enables fast and inexpensive transactions without taking custody of user’s assets. Ferrum Network enables decentralized transactions that are an order of magnitude faster and less expensive than the current alternatives. Ferrum DEX is the first decentralized exchange that offers centralize exchange experience along with advanced features such as short selling and margin trading features. Ferrum technology also enables a consistent merchant and retail experience for digital asset payment solutions, and other decentralized applications that are in early development.)

TOKEN FUNCTIONS

Token is native for Ferrum Network. It is required to use all platform’s functions and using as a “gas” for transctions.

Risk Analysis

TEAM:
There are 8 people and 5 advisors. Half of a team are from investment funds and the other half has some technical background. There is one important moment – most of the founders haven’t changed their main workplace in LinkedIn.

MARKET:
None of current DEXs have solved the main technical problem – low speed and liquidity.

The other problem is advantages of larges exchanges, which have huge number of users and it is easier for them to create a decentralized network.

In addition, there is a big law risk – SEC has not approved current DEXs, nut USA is the biggest market for such platforms. The situation is that the first good project is going to win the competition and capture the market.

PRODUCT:
Now Ferrum is developing two main products – DEX and wallet. Both of the products have many other already existing analogues.

BUSINESS MODEL:
Ferrum Network has strategic partners – TLG Ventures, KOSMOS, Token Research Group. Some of their team members represent these funds.

FINANCES:
Ferrum’s business and token’s cost fully depend on the number of users. During the communication with the team, they have mentioned that their main market is USA, but it is still big legal risk with American jurisdiction. In addition, business is built on cryptocurrency market and if it is going to fail this project will be unclaimed.

OFFICIAL CONTACTS:

Location: Ta’ Xbiex, Malta

Web-resources:

Ferrum Network | Crosschain Decentralized Network and Exchange

Ferrum Network is a revolutionary cross-chain technology allowing fast and cheap transactions of almost any crypto currency without taking custody of user assets or counter-party risk. It supports BTC, ETH, XRP, NEO, ERC-20 Tokens, NEP-5 Tokens, and more

Social networks:

Ferrum Network Official

Ferrum Network: the world’s first peer-to-peer network with built in support to read across all blockchains. Admins will NEVER solicit ETH directly. Please report any of these instances directly. https://ferrum.network/

Ferrum Network (@FerrumNetwork) | Twitter

The latest Tweets from Ferrum Network (@FerrumNetwork). A Fast Interconnectivity Network for Decentralized Cross-Chain Financial Applications. dApps: Cross-Chain DEX, crypto wallet, cold storage & fiat gateway!

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Written by Ravi Gupat

Ravi grew up in India and graduated in Economics. He is a serial entrepreneur who has founded and exited several companies in tech and media over the past 15 years. He is also an early stage investor and advisor in various blockchain-based companies.

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