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Ferrum Network ICO
Let’s learn what information Ferrum Network team shared about the ICO. They announced that the sale would be on 1st of August, starting at 8 am EST. It is needed to pass KYC until 9 of GMT of 28th of July to take part in this ICO.
There would be issued 50/50 ERC-20 and BEP-2 tokens for total limit of 300,000 USD for ICO. 40% of them would be unlocked immediately at TGE, 40% — 30 days after TGE and rest 20% — 60 days after TGE. It would be possible to convert BEP-2 tokens to ERC-20 through a token bridge. The price of FRM token would be 0.016 USD.
There would be 3 tiers of sale: first for Highest Value Supporters would start at 8 am EST and end at 8:15 am EST. Personal Limit for this tier is 1,000 USD and total is 32,000 USD.
The second tier is for Whitelisters, it would start at 8:15 am EST and end at 8:45 am EST. Personal Limit for this tier is 400 USD and total is 180,000 USD.
The third tier is Gas War Lite with Personal Limit of 10,000 USD. It would start at 8:45 am EST and would last until all tokens are sold.
There would be an exchange listing after the ICO and additionally a request for listing at Binance Dex.
Also want to remind the main aims of Ferrum Network: it’s idea is to make a decentralized project, which would connect different blockchains (like Binance Chain, Bitcoin or Ethereum) through the one to change or send fiat and crypto, using just equivalent tokens of Ferrum Network blockchain. It is expected, that it would be much cheaper and easier then nowadays chains could offer.
You can read more in White Paper — http://whitepaper.ferrum.network/
Or visit the official web-site — https://ferrum.network/
KYC procedure is described here — https://medium.com/ferrumnetwork/utility-token-sale-verification-guide-9075f52f0f95
KYC is held here — https://kyc.ferrum.network/
Thanks for your attention,
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