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๐Ÿ“ฃ Recap of the Ferrum Network x TUTTI Telegram AMA

๐ŸŽ‰ The Ferrum Network x TUTTI Telegram AMA was a fantastic session filled with valuable insights and engaging discussions about unlocking Bitcoin liquidity in DeFi!

๐Ÿ”ฅ If you missed it, donโ€™t worry! Weโ€™ve got you covered. Click below to read the full recap and discover how TUTTI is leveraging Ferrum Networkโ€™s infrastructure to transform the blockchain landscape.

๐Ÿ”— Read on Medium
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๐Ÿ“ฃ Ferrum Network's Latest Monthly Dev Report for September 2024!

๐Ÿ”ฅ This past month has been huge! Our primary focus has been on decentralizing MultiSwap, with both backend and frontend teams working closely together. Development is running smoothly, and we're getting closer to testing the decentralized version of MultiSwap!

๐Ÿ“ฐ Read on Medium

๐Ÿ’ฅ On the Mainnet front, we completed stress testing and launched the Quantum Portal Network testnet, now connected to BSC, Base, Arbitrum, Optimism, and Polygon. Plus, we introduced the QP Explorer and testnet chain explorer to make things easier for developers and users alike.

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๐Ÿ“ฃ Quantum Portal Explorer is LIVE! ๐Ÿš€

๐Ÿ”ฅ The Quantum Portal Explorer, a key component to navigating Ferrum Network mainnet and the first multichain explorer of its kind, is now live! QPE allows users to explore and interact with various blockchains connected through Ferrum's Quantum Portal.

๐Ÿ”— Quantum Portal Explorer

โœ… It includes features like tracking transactions, viewing blocks, and exploring smart contracts across connected chains such as BSC, Base, Arbitrum, Optimism, and Polygon.

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๐Ÿ“ฃ Ferrum DAO Proposal [FRC-7] Enable Bridge and Consolidate Liquidity For Improved Trading Experience ๐Ÿ—ณ

๐Ÿ’ฅ FRC-7 is now live on Snapshot and has entered the Waiting Period.

โณThe Waiting Period will last for 3 days, ensuring sufficient time for the community to review and discuss the proposal. Once this period is over, voting will commence.

๐Ÿค”What is FRC-7?
By enabling the bridge to Arbitrum and consolidating liquidity on the chain or chains decidend on by voters, FRC-7 is designed to improve mobility of FRM and reduce slippage and price impact for traders.

๐Ÿ—ณVoting Details:
๐Ÿ‘‰Proposal Link: frc-7 Proposal
๐Ÿ‘‰Waiting Period End: October 13th, 2024 at 13:14 UTC
๐Ÿ‘‰Voting Start: October 20th, 2024 at 13:14 UTC

โ—๏ธWe encourage every member of our community to review the proposal, engage in thoughtful discussions, and exercise their voting rights when the voting period begins.

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๐Ÿ“ฃ Join Ferrum Network for the Mainnet Update Twitter Space Part 2! ๐ŸŽ™๏ธ

๐Ÿ”ฅ Today, Friday, October 11th at 15:00 UTC, weโ€™re continuing our discussion from earlier this week in our Mainnet Update Twitter Space. This time, weโ€™ll dive deeper into some exciting topics including:

๐Ÿ” Quantum Portal Explorer
๐Ÿ“œ FRC-7 Proposal
๐ŸŒŸ And much more!

Donโ€™t miss out on this opportunity to engage with the Ferrum Network team and get all your questions answered!

๐Ÿ‘‰ Click here to listen to Part 1 of the Twitter Space!

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๐Ÿ“ฃ Voting is Now Open for [FRC-7] Proposal: Enable Bridge and Consolidate Liquidity ๐Ÿ—ณ

๐Ÿ”ฅ You can now vote on the [FRC-7] proposal to improve FRMโ€™s trading experience by enabling bridging across ETH, ARB, and BSC, and consolidating liquidity.

๐Ÿ—ณVoting Details:
๐Ÿ‘‰Proposal Link: FRC-7 Proposal
๐Ÿ‘‰Voting Starts: Oct 13, 2024, 3:14 PM
๐Ÿ‘‰Voting Ends: Oct 20, 2024, 3:14 PM

โ—๏ธ Vote Now!
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๐Ÿ“ฃ Catch Up on the Ferrum Mainnet Update Twitter Spaces - Part 1 & 2! ๐ŸŽ™๏ธ

๐ŸŽง Missed the latest insights? Donโ€™t worry, Ferrum Labs hosted two exciting Twitter Spaces last week discussing the latest Mainnet developments, and both Part 1 and Part 2 are now available to listen to!

๐Ÿ’ฅ Get all the updates on Ferrumโ€™s journey towards Mainnet, key highlights, and whatโ€™s coming next.

๐Ÿ”ˆ Listen now and stay in the loop!
๐Ÿ‘‰ Part 1
๐Ÿ‘‰ Part 2

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๐Ÿ“ฃ Quantum Portal Documentation is LIVE! ๐Ÿ“Ž

๐Ÿ“„ Quantum Portal Documentation, designed to assist developers in integrating with Quantum Portal contracts. These comprehensive guides support dApp development across both EVM and non-EVM ecosystems.

๐Ÿ‘‰ Check out the Quantum Portal Documentation now and start building with ease!

Whether you're building on Ethereum, Binance Smart Chain, or non-EVM platforms like Cosmos, these docs will help streamline your development process.

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๐Ÿ“ฃ Blockscout Explorer is Now Live! ๐Ÿš€

Hope you didn't miss the launch of Ferrum's Blockscout Explorer, enabling real-time tracking of on-network transactions with zero backlog. This new explorer provides greater transparency and ease of access, ensuring you can monitor your transactions seamlessly.

๐Ÿ‘‰ Explore Blockscout and see it in action!

Check out the explorer now and experience smooth, real-time transaction tracking across the network.

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๐ŸŽƒ Join the Ferrum Halloween Community Contest! ๐ŸŽƒ

๐Ÿ‘ป Get ready for some spooky Halloween fun! From October 21st to October 31st, we're hosting a community contest on Twitter with three creative categories:

๐Ÿคฃ Meme Creation: Craft a meme centered around Ferrum Network.
๐Ÿ–ฅ Content Creation: Share a tweet, thread, video, or analysis about the Quantum Portal Explorer.
๐ŸŽจ T-Shirt Design: Design a Halloween-themed Ferrum Network t-shirt.

๐Ÿ’ฐ Prizes: Each category winner gets $150 in cFRM tokens! ๐Ÿ†

๐ŸŽ‰ How to Enter: Include "This is my entry to the #FerrumHalloween @FerrumNetwork $FRM" in your tweet. Make sure to promote your entry, as the best tweet entries with the most engagement will win!

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๐Ÿ“ฃ Ferrum Liquidity Update

In response to community feedback and reports of issues on SushiSwap, weโ€™ve transitioned liquidity for the cFRM/FRM and FRM/ETH pairs from SushiSwap to Uniswap on Arbitrum. ๐Ÿ› ๏ธ This shift was made to address the challenges raised and to provide a more reliable trading experience on Uniswap. ๐Ÿ’น

โœจ FRM Ethereum and Arbitrum trading are now available on the seamless Uniswap platform for improved access and stability! ๐Ÿš€
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๐Ÿ“ฃ Liquidity Optimization for FRC-7 Has Begun!

๐Ÿš€ The liquidity for FRM/WETH and cFRM/FRM pairs on Arbitrum has been successfully moved to Uniswap.

๐Ÿ’ง Liquidity is now available on both Ethereum and Arbitrum, and you can easily access it through the Uniswap platform.

๐Ÿ”— Contract Addresses:
FRM/WETH Pair: 0xf160A2E1030BC1d334415a3366024B916aDcCECf
cFRM/FRM Pair: 0xFB6DddE905A47626427023A3ae73A42b2A18f0A8

โ„น๏ธ For more details, please visit the FRC-7 Snapshot page here.
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2. Statement by Ian.pdf
546 KB
๐Ÿ“ฃ State of Ferrum Network & Path Forward: Stakeholder Statements

We are reaching out to share important statements from Ian and Naiem, co-founders of Ferrum Network. These statements provide valuable insights into the current state of the network, recent developments, and the path forward as we navigate the challenges ahead.

Given the significance of the messages conveyed by both stakeholders, we encourage you to take the time to read their statements in full. Their perspectives are crucial for understanding the ongoing efforts to ensure Ferrum Networkโ€™s growth and resilience.

Thank you for your continued support and engagement with Ferrum Network.
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๐ŸŽƒ Halloween Contest Winners Announcement! ๐Ÿ‘ป

Thank you all for your spooktacular entries in our Halloween Contest! The creativity and spirit you brought to this contest have truly been a treat! ๐Ÿฌ

The winners, chosen by the Ferrum Labs team, are:

๐ŸŽ‰ Meme/Creative Design:
Check out the winner here: @kiritoXenn

๐ŸŽจ T-shirt Design:
Congrats to our winner: @Web3_Divine

๐Ÿ“š Quantum Portal Related Education Content:
Hats off to: @Haji_D1

Each of our winners will receive $150 in cFRM tokens! ๐Ÿช™

Winners, please message @FerrumNetwork on Twitter with your ARB wallet address to claim your prize!

Thanks again for all the spooky fun, and stay tuned for more exciting contests in the future! ๐Ÿ•ท๏ธ
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๐Ÿ“ฃ Ferrum Network x Pizza Pets Giveaway! ๐Ÿ•

โ—๏ธ Join Ferrum Network x Pizza Pets for an exclusive airdrop! Hereโ€™s how you can participate:

๐Ÿ† 500 Pizza Pets Ordinals will be awarded to the top 100 cFRM stakers, giving them guaranteed access to the game and its immersive experience. The Pizza Pets Ordinals will be airdropped directly to qualifying wallets (expected by the end of November).

๐ŸŽฒ Lottery Bonus! We're also giving away 50 Pizza Pets through a lottery to participants who stake at least 1 cFRM and complete the tasks outlined on the platform. This means anyone who qualifies has a chance to win! ๐ŸŽŸ๏ธ

๐Ÿ“… Deadline: You only have 24 hours until November 7th at 20:00 UTC to enter!

๐Ÿ‘ Join the Pizza Pets Giveaway!

Pizza Pets marks a whole new frontier in blockchain gaming, inviting Ferrum Network and Ordinals enthusiasts to an evolving experience on Bitcoin. Stake, qualify, and bring your Pizza Pet to life! ๐Ÿ•
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Official_Statement_on_Recent_Incident_Involving_MetaXSeed_MXS_Games.pdf
1.5 MB
๐Ÿšจ Official Statement on Recent Incident Involving MetaXSeed

We are addressing a recent incident that impacted MetaXSeed's $XSEED token launch. A breach involving the developer's wallet led to an unauthorized withdrawal of vested tokens, disrupting the token's stability and affecting MXS Games' ecosystem.

Ferrum Network's Actions:

๐Ÿ‘‰ Liquidity Support: Assisting MXS Games in re-establishing liquidity levels affected by this incident.
๐Ÿ‘‰ Token Swap Support: Providing technical and financial resources to facilitate a smooth Token Swap and relaunch activities.
๐Ÿ‘‰ Recognizing MXS Games' Dedication: MXS Games has consistently demonstrated exceptional professionalism and commitment to their community. Despite this setback, we believe in their potential for recovery and success.

โฐ Incident Overview: On October 30, 2024, the developer wallet was used to call an emergencyWithdrawal function on the vesting contract, resulting in an unauthorized extraction of tokens.

๐Ÿ‘‰ Accountability and Actions Taken: Ferrum is committed to procedural adherence and has taken action against individuals responsible for oversight during this deployment.

๐Ÿ‘ฎโ€โ™€๏ธ Nature of the Attack: The incident was not a technical exploit; rather, it stemmed from leaked keys. Ferrum is investigating this matter alongside MXS Games and relevant authorities.

๐Ÿ”ฎ Looking Forward: Ferrum is dedicated to supporting MXS Games in their recovery efforts and will continue to provide updates as more information becomes available.

For a detailed breakdown of the incident and our ongoing support, please refer to the attached PDF.
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๐Ÿ“ฃ Addressing FRM Movement

We want to take a moment to address recent community discussions regarding FRM movement and provide clarity on the situation.

For months, the Ferrum team has been actively securing funding to support the rollout of Mainnet, which includes the imminent release of the Mainnet Bridge. This bridge will enable FRM movement and drive traction through upcoming airdrop and engagement campaigns.

During this period, maintaining baseline volume and ensuring listing status on key exchanges has been a priority. Due to recent market conditions, there was a need to facilitate additional volume on KuCoin and Gate to maintain healthy trading activity.

๐Ÿšจ Key Points to Note:
โœ… The FRM moved is NOT being dumped outrightโ€”if that were the case, the impact would be significantly visible.
โœ… There is a coordinated effort with liquidity providers to facilitate trading volume while ensuring responsible and gradual liquidity management.
โœ… The team continues to allocate funds for critical operational costs (e.g., server infrastructure) to prioritize the Mainnet launch.

The Mainnet launch is the primary focus, and once deployed, it will unlock additional opportunities to secure funding and fuel further ecosystem growth.

Stay tunedโ€”more Mainnet updates coming soon!
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๐Ÿ“ฃ Ferrum Network Mainnet is Live on Arbitrum Orbit L3!

Ferrum Network has officially launched as an Arbitrum Orbit L3, marking a major leap forward for multi-chain dApps. With blazing-fast transactions, ultra-low fees, and Quantum Portal, developers can now build cross-chain applications without traditional bridging limitations.

๐Ÿ‘‰ Remote Balance Technology: Manage liquidity across multiple blockchains without moving tokens.
๐Ÿ‘‰ Seamless Bridging: FRM token bridge is live, with official Arbitrum support in progress.
๐Ÿ‘‰ Optimized for DeFi: High-speed, scalable infrastructure for next-gen decentralized applications.

Read the full article to dive into the next era of multi-chain innovation:

๐Ÿ“ฐ Read the Article
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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 runningโ€”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 weโ€™re deeply grateful.

That said, weโ€™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, weโ€™re exploring options for liquidity consolidation to support trading activity for users on Arbitrum. Weโ€™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.
2025/06/27 21:21:39
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