📣 Ferrum Network Weekly Mainnet Update 🔥

We're back with our latest Weekly Mainnet Update, highlighting the continuous progress and exciting developments happening behind the scenes.

🔗 Our team remains deeply engaged in conducting stress tests and security tests for the PoC non-EVM chains. These tests are critical to ensuring the resilience, security, and efficiency of our integrations.

💻 Recognizing the importance of a developer-friendly environment, we are intensifying our efforts to make the QPN more accessible for developers. We are actively developing a suite of tools designed to streamline the onboarding process for new developers.

🚀 By enhancing the QPN interface and creating robust developer tools, we aim to foster a more vibrant and innovative developer community at Ferrum Network.

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📣 We Bought DOT Initiative💥

🟣 We're coming with another We Bought DOT initiative update! We have accumulated 554 DOT since our last update.

🔥This brings our current total to 23,888 DOT!

👉We have many more plans to continue to accumulate well into 6 figures worth of DOT in the near future in order to facilitate our plans of securing a Polkadot parachain!

👉 Ferrum Secured Kusama Parachain!

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📣 Unlocking the Power of $FRM Token Utilities - Part 4 - On-Chain Governance 🗳️

Welcome to Part 4 of our FRM Token Utility Series! Today, we're highlighting a crucial aspect of the FRM token that empowers our community members – On-Chain Governance.

💡Staking cFRM tokens is more than an investment; it's an opportunity to actively shape the Ferrum Network. As a cFRM holder, you have the power to participate in the governance process of our network.

❗️Join Ferrum's Governance Platform

📜 Governance Rights and Responsibilities:
👉Your FRM tokens staked in Crucible serve as your voting rights in our digital democracy and the more cFRM you stake, the more voting power you have!
👉Engage in crucial decisions, including voting on chain upgrades, new feature implementations, the allocation of our Treasury funds, and more!
👉Your vote contributes to the strategic direction and continuous improvement of the Ferrum Network.

🔍 On-Chain Governance ensures that the Ferrum Network remains a community-driven and decentralized ecosystem. It enables cFRM holders to have a direct impact on the network's development and aligns the interests of our users with the network's long-term vision.

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📣 Unlocking the Power of $FRM Token Utilities - Part 5 - Ecosystem Utilities 🌍

Welcome to Part 5 of our FRM Token Utility Series! Today, we're exploring the diverse 'Ecosystem Utilities' of the FRM token, showcasing how it serves as a key to unlocking various opportunities within the Ferrum Network.

🚀 Access to Exclusive Presales:
Holding cFRM elevates your status within our community, granting you exclusive access to presales of emerging projects incubated by The Decentralized Incubator.

🔥 Token Burn for Scarcity:
FRM is designed with scarcity in mind. Whether used as gas or generating transaction fees via Crucible, a part of FRM is consistently removed from circulation, enhancing its long-term value.

📈 Buybacks to Boost Demand:
A part of the profits from LaunchTech and The Decentralized Incubator is reinvested into buying back FRM from the market. This ensures ongoing demand and support for the token's value.

🔄 Seamless Transactions with MultiSwap:
FRM is set to be used as the fee token for MultiSwap. A portion of the fees that are accrued through MultiSwap are used to supplement the sustainable rewards model.

🏆 Sustainable Rewards with Crucible:
Staking your Crucible tokens with FRM unlocks sustainable rewards, optimizing the utility and benefits of your digital assets.

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🚨 Important Security Notice of Web3 Exploit - Ferrum dApps Don't Seem to be Impacted 🚨

As per PeckShield and other sources, a major exploit has impacted various platforms including SushiSwap. Affected parties have disabled their front-end websites as a precaution.

❗️ We strongly advise against interacting with any dApps across Web3 until further notice. The safety of our community is our top priority.

🔍 The exploit appears to stem from a compromise in Ledger's Content Delivery Network (CDN) and affects certain Web3 Connectors. We are closely monitoring the situation and will provide updates as more information becomes available.

🛡️ Status of Ferrum Network dApps
Currently, Ferrum dApps do not have ledger functionality enabled, so there should be no direct impact from this exploit on our dApps. However, as a safety measure, we have temporarily taken down all Ferrum dApp front-ends and activated a maintenance page.

🔗 References for More Information:
Officer CIA Report
Matthew Lilley’s Update
PeckShield Alert
Ledger Update

📣 Ferrum Network Security Update: Insights from Recent Ledger Exploit 🚨

We've just published a semi-technical perspective on the recent Ledger exploit. This Medium article delves into the intricacies of the incident and our learnings from it.

🔒 An overview of the Ledger exploit, including how a former Ledger employee's account was compromised, leading to the malicious publishing of the Ledger Connect Kit.

🛡 Why Ferrum Network dApps were not impacted, thanks to our cautious approach to Wallet Connect integration and robust security protocols.

📖 Read the Full Article

🧐 The article also provides valuable advice for Web3 users on conducting transactions safely and for Web3 teams on implementing robust operational security procedures.

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🚨 Important Security Update: Revoke Approvals on Exploited and Test Contracts 🚨

We are reaching out to inform you of a recent security incident in the Web3 ecosystem that may affect users who have interacted with various dApps, these precautions should be taken even if you have interacted with Ferrum Network dApps.

🔐 As a precautionary measure, we advise all our users to revoke approvals for any dApps they have interacted with, particularly those involving recent transactions or engagements. This action is necessary due to potential vulnerabilities linked to a recent security incident in the Web3 space.

🛠️ Please refer to our tutorial article for detailed steps on using Revoke.Cash to revoke approvals.

📝 While our dApps currently do not have ledger functionality enabled, we took down our dApp front-ends and activated a maintenance page as a precaution. You can see more detail about our reasoning here.

❗️We urge all community members to take these precautionary steps seriously to ensure the safety of their digital assets. We appreciate your cooperation and understanding as we navigate this situation together.

Best Practices for Keeping Funds Safe:
1. Keep HODL wallets and dApp Interaction wallets separate
2. Review the information before you sign anything - Clear Sign
3. Only use burner wallets when beta testing

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📣 Ferrum Network Mainnet Weekly Update 🌐

🔗 Our team has successfully completed the Proof of Concept (PoC) to enable cross-chain transactions between non-EVM chains and the Quantum Portal Network (QPN).

🛠️ We're now focusing on developing an application that facilitates transactions from non-EVM chains through QPN, allowing them to interact with smart contracts on any connected EVM chains. This development is not just a technical feat but also a strategic move to enhance the overall developer experience on our platform.

💻 Our goal is to make it simpler and more intuitive for developers to build applications that leverage the unique capabilities of QPN. By enabling smoother cross-chain interactions, developers can create more dynamic and versatile dApps!

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📣 Comprehensive Guide to $FRM Token Utilities 🔥

🎉 We're thrilled to announce the release of our latest guide: "The Ultimate Guide to FRM Token Utilities". This in-depth article is your go-to resource for understanding the multifaceted roles and impact of the FRM token within our ever-evolving ecosystem.

📈 Explore how FRM transcends traditional token roles, powering everything from transactions to governance within Ferrum Network.

📰 Read on Medium

🤔 This guide is more than just an explanation of token utilities; it's a testament to our commitment to transparency, innovation, and community empowerment.

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📣 Join Ferrum Network on Twitter Spaces with ShineyD! 🎙️

🔥Get ready for an engaging session with ShineyD, Ferrum's ambassador! Nick Odio, Ferrum's Chief Growth Officer, will be diving into the latest updates, discussing current market trends, and exploring recent developments at Ferrum Network.

🗓️ Date: Friday, December 22nd
⏰ Time: 00:00 UTC
🌐 Twitter Space

Set your reminders and be part of the conversation!

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📣 Ferrum Network Mainnet Weekly Update: Pioneering Non-EVM Network Withdrawals

🎉 We're thrilled to announce a significant step forward in our cross-chain capabilities – the initiation of the MVP for the withdrawal side of non-EVM networks.

🔥 We've embarked on developing a system that enables smart contracts on any blockchain network to execute withdrawals on non-EVM chains. This advancement is pivotal in enhancing the interoperability and flexibility of the Ferrum Network, breaking new ground in cross-chain communication.

🖥 The core of this development lies in facilitating smart contracts from any chain to perform payouts on non-EVM networks. This feature bridges a crucial gap in the blockchain ecosystem, allowing seamless transactions and interactions between various blockchain networks, regardless of their underlying technology.

🤝 It marks a stride towards a more interconnected and user-friendly blockchain environment, aligning with our mission to simplify and unify the blockchain experience.

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📣 Happy Holidays from Ferrum Network! 🌟

🎄 As the year draws to a close, we at Ferrum Network want to send our heartfelt holiday greetings to our incredible community. Your support and enthusiasm have been the heartbeat of our journey.

🌟 This year has been remarkable, thanks to you. We're excited for what the new year holds and can't wait to continue this journey with you.

💫 Wishing you joy, peace, and prosperity. Enjoy this festive season with your loved ones!

Here's to a fantastic holiday season and an even more prosperous New Year! 🥂

🎉 Check Your Inbox for a Special Message from Ian Friend! 💌

📬 As we bid farewell to 2023 and welcome the new year, don't forget to check your inbox for a heartfelt end-of-year message from Ian Friend, our co-founder. It's been an incredible journey this year, and Ian has some special reflections and thoughts to share with all of you.

🌟 We're excited to step into 2024 with our amazing community. Here's to another year of growth, innovation, and success for Ferrum Network! May this new year bring you joy, prosperity, and endless opportunities!

📣 MultiSwap Development Update 🧨

We acknowledge that we're a bit behind schedule with MultiSwap, but we're committed to keeping you informed with the latest developments. While the journey has had its challenges, we're steadily making progress. Here's where we stand:

✨ Native Token Support
👉Integration Complete: We've added native token support on the backend, responding to your valuable feedback.
👉Testing & Launch: Expect to see these new features go live between tomorrow and next week.

🔧 MetaMask SDK Integration
👉Enhanced User Experience: We're integrating the MetaMask SDK to resolve Gas Estimation issues, mirroring the efficiency of platforms like UniSwap and PancakeSwap.
👉Completion & Deployment: This major improvement is set to be finalized this week, with a launch slated for the same period.

🌐 MultiSwap Rollout Strategy
👉Phase One: Kicking off with Arbitrum and BSC, we're starting with the top 10 tokens by volume on each network, including native tokens.
👉Weekly Token Additions: Each week, we'll announce the addition of new tokens, enhancing trading options on MultiSwap.
👉DAO Votes for Network Expansion: The community will have a say in which networks we add next - be it Polygon, Optimism, Avalanche, etc.
👉Gradual Expansion: Initially, the rollout will begin with limited liquidity. We'll progressively scale up liquidity, tokens, and networks according to our rollout plan.

🛠️ Why a Phased Rollout?
👉Safety First: The latest code is pending a security audit. We're finalizing updates to ensure everything is top-notch before submitting for a comprehensive audit.
👉Community Engagement: This phased approach allows us to engage with our community and fine-tune MultiSwap based on your feedback while we await the audit completion.
👉Post-Audit Expansion: Once audited, we'll rapidly expand networks, tokens, and liquidity.

🔍 An in-depth MultiSwap launch article is in the works, giving you a closer look at our strategy and what to expect next.

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📣 Weekly Mainnet Update: Enhancing Quantum Portal Experience 🔥

Our mainnet team's focus this week has been on enhancing the overall experience for both developers and miners within the Quantum Portal Network. Here's a glimpse of what we've been up to:

🛠️ Developer Experience Improvements
👉Streamlined Onboarding: We're developing intuitive tools aimed at simplifying the onboarding process for Quantum Portal Miners. These enhancements are designed to make the integration more user-friendly, ensuring a smoother journey for new miners joining our network.

🔗 Miner Experience Enhancements
👉Off-Chain Signature Aggregation: A significant upgrade in progress is the implementation of off-chain signature aggregation. This approach will optimize transaction processes by bundling multiple signatures off-chain.
👉Reduced Gas Costs: By aggregating signatures off-chain, we significantly cut down on the gas costs incurred by miners. This not only streamlines operations but also makes participation in the QPN more cost-effective for miners.

💡 We believe that these improvements will greatly benefit both developers and miners, making the Quantum Portal more accessible and economical.

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📣 Ferrum Network Roadmap 2024 Now Live!

🎉 We're thrilled to announce that our roadmap for 2024 is now live on our website! This roadmap is a blueprint of our commitment to driving innovation and enhancing the Ferrum ecosystem. Get ready for a year packed with groundbreaking developments and major upgrades.

💥 This roadmap is not just a plan, it's our promise to you for a transformative and exciting year ahead. We invite you to join us on this journey as we redefine the future of blockchain technology.

🌐 Explore the Roadmap

🔥 In Q1, we're laying the foundation with major MultiSwap enhancements, a robust Quantum Portal Mining Infrastructure, and cutting-edge tools for non-EVM asset transfers and development. Q2 gears us towards integration and expansion, with a focus on integrating MultiSwap with QPN, advancing Circle USDC liquidity management, and pioneering initiatives for multi-chain development.

🚀 Entering Q3, we're focused on building and integrating, particularly in the NFT domain with an integration with OpenSea and establishing innovative cross-chain token standards. Q4 promises to diversify our ecosystem further, spotlighting DeFi opportunities in Yield Farming, Lending, Borrowing Platforms, supporting GameFi platforms, and streamlining FIAT onramp and offramp processes.

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📣 We Bought DOT Initiative💥

🟣 We're coming with another We Bought DOT initiative update! We have accumulated 520 DOT since our last update.

🔥This brings our current total to 24,408 DOT!

👉We have many more plans to continue to accumulate well into 6 figures worth of DOT in the near future in order to facilitate our plans of securing a Polkadot parachain!

👉 Ferrum Secured Kusama Parachain!

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📣 Ferrum Network's Latest Monthly Dev Report for December 2023! 📰

The past month has been marked by significant developments in both MultiSwap and Mainnet. Here's a brief overview of what we've achieved:

💻 MultiSwap Advancements:
👉Laser focus on enhancing MultiSwap's security, especially post-integrating 1inch, which is now complete.
👉Rigorous testing is underway to launch the first production version of MultiSwap, ensuring a secure and efficient trading platform.
👉Team has been working tirelessly to fortify the platform's stability and safety for our users.

🔗 Quantum Portal Network Developments:
👉Completed the Proof of Concept for supporting non-EVM chains within QPN.
👉Internal audits and stress tests of this new feature are in full swing to guarantee its reliability and stability.
👉Feedback from the initial audit has been incorporated, and we're ready for a second round of reviews, upholding the highest standards in security and performance.

🛠️ Current Work in Progress:
👉Mainnet Development: Focused on auditing, stress testing, and adding more chains to QPN.
👉MultiSwap: Enhancing responsiveness and integrating Wallet Connect.
👉Integration Milestones: Reviewing Casper BridgePool on Mainnet and pausing Cudos token deployments on multiple networks.
👉Design Focus: Developing a user-friendly Mainnet Miner Dashboard.

📰 Read on Medium

Stay updated, stay ahead, and be part of Ferrum Network's journey to redefine blockchain technology!

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📣 Join Ferrum Network on Twitter Spaces! 🎙️

🔥Get ready to dive deep into the future of Ferrum Network! We're hosting an exclusive Twitter Space to discuss our Roadmap for 2024. This is your chance to hear first-hand about our ambitious plans and the exciting developments we have in store.

🗓️ Date: Thursday, January 11th
⏰ Time: 18:00 UTC
🌐 Twitter Space

Set your reminders and be part of the conversation!

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