Ferrum Network Announcements

Hi Ferrum Community,

We want to share a transparent update regarding the financial status and operational logistics of the project.

First, a heartfelt thank you to our volunteers, contributors, and backers who have kept things running—especially those who have covered server and infrastructure costs out of their own pockets over the past few months. Your dedication has not gone unnoticed, and we’re deeply grateful.

That said, we’ve reached a point where the ongoing costs of servers, hosting, and operations have exceeded the funds currently available. As a result, we anticipate some service interruptions in the near term.

To mitigate this, we are working on providing a mechanism that allows users to unwrap their Crucible tokens without relying on active server infrastructure.

Additionally, we’re exploring options for liquidity consolidation to support trading activity for users on Arbitrum. We’ll provide further updates on the feasibility and rollout of these efforts soon.

Thank you for your continued support and understanding as we navigate these challenges together.

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www.tgoop.com/ferrum_network_announcements/2562

1.16K viewsMay 2 at 21:11

Hi Ferrum Community,

We want to share a transparent update regarding the financial status and operational logistics of the project.

First, a heartfelt thank you to our volunteers, contributors, and backers who have kept things running—especially those who have covered server and infrastructure costs out of their own pockets over the past few months. Your dedication has not gone unnoticed, and we’re deeply grateful.

That said, we’ve reached a point where the ongoing costs of servers, hosting, and operations have exceeded the funds currently available. As a result, we anticipate some service interruptions in the near term.

To mitigate this, we are working on providing a mechanism that allows users to unwrap their Crucible tokens without relying on active server infrastructure.

Additionally, we’re exploring options for liquidity consolidation to support trading activity for users on Arbitrum. We’ll provide further updates on the feasibility and rollout of these efforts soon.

Thank you for your continued support and understanding as we navigate these challenges together.

BY Ferrum Network Announcements