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We're thrilled to share that Ferrum Network has been recognized by CertiK's Skynet as a leader in the Web3 space, ranking in the top 10% across multiple critical categories!
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We're back with our latest roadmap update, highlighting key developments that are shaping the future of our platform. Let's delve into this week's progress:
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Weโre kicking off the year with exciting developments across our platforms. Here's what we've been up to:
๐Expanding our asset range, we've enabled users to add tokens to MultiSwap using contract addresses. This development is currently in the testing phase to ensure flawless functionality.
๐January was a busy month with a focus on Quantum Portal audits on the Mainnet. Our team conducted thorough testing to ensure the highest security and reliability of the Quantum Portal network.
๐Weโve begun designing a new staking flow for miners, incorporating individual staking delegation to enhance Mainnet's functionality.
๐An alternate flow for non-EVM payment pools has been created, providing a backup to release funds from the common pool in case of issues with the main withdrawal flow.
Stay updated, stay ahead, and be part of Ferrum Network's journey to redefine blockchain technology!
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We're back with our latest roadmap update, highlighting key developments that are shaping the future of our platform. Let's delve into this week's progress:
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This week, we achieved significant milestones in the integration of non-EVM networks into the Quantum Portal Network. Hereโs whatโs been happening:
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๐ฏ What is FRC-SUG-6?
This proposal centers around the Reward Structure for QPMs and QPVs on the Quantum Portal Network. It's a chance to test our Monetary Policy on a scaled-back basis and understand the process for operating miners and validators more effectively.
๐ Staking Requirements: Establishing thresholds for Quantum Portal Network with lower requirements than Ferrum Mainnet to encourage broader participation.
๐ Miner and Validator Requirements: Outlining the basic and staking requirements for Quantum Portal Miners (QPM) and Quantum Portal Validators (QPV), including options for staking delegation.
๐ Reward Release and Distribution: A proposed release rate of 0.035% of the reserves for Node Runner rewards per expansion period, with a split based on staked balance.
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๐ฃCheck your inbox for Ferrum's Newsletter!๐คฉ
๐We're super excited to share some of the most exciting developments of the month with you!
โ๏ธIf youโd like to stay up to date with everything Ferrum (newsletters, updates, presale links) - please add the following addresses to your email contacts:
๐ฅ[email protected]
๐ฅ[email protected]
๐ฅ[email protected]
โ๏ธAdditionally, stay up to date on Ferrum's Updates by joining the Ferrum Network Announcement Telegram Channel
๐We're super excited to share some of the most exciting developments of the month with you!
โ๏ธIf youโd like to stay up to date with everything Ferrum (newsletters, updates, presale links) - please add the following addresses to your email contacts:
๐ฅ[email protected]
๐ฅ[email protected]
๐ฅ[email protected]
โ๏ธAdditionally, stay up to date on Ferrum's Updates by joining the Ferrum Network Announcement Telegram Channel
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We're excited to announce an addition to our Telegram channel - Jarvis, your very own AI assistant. Jarvis is here to help the community navigate Ferrum Network's vast ecosystem, providing instant answers and insights directly within our Telegram channel.
Jarvis is an advanced AI-powered assistant whose purpose is to provide you with real-time information, guidance, and support on all things Ferrum. Whether you have questions about our products and mainnet, need updates on upcoming events, or seek clarity on Ferrum-related topics, Jarvis is your go-to source for instant assistance.
Engaging with Jarvis couldn't be simpler. Just type /jarvis followed by your question in our Telegram channel, and Jarvis will swiftly respond with the information you need.
๐ Immediate Responses: Get answers to your Ferrum Network questions without delay.
๐ Accessibility: Jarvis is available 24/7 to support our global community.
๐ Comprehensive Knowledge: Jarvis can handle a wide array of inquiries, ensuring you're well-informed about all things Ferrum Network.
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Last week we hit major milestones with two key roadmap items:
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๐ Know your gas costs upfront for both swaps and withdrawals.
๐ Our cutting-edge security mechanisms ensure your swaps are safe.
๐ Experience near-instant multichain bridge transfers.
๐Say goodbye to worrying about gas fees on the destination chain. Pay for destination chain gas fees on the origin chain instead, seamlessly allowing you to enter new ecosystems without the need to acquire small amounts of the network's gas token through faucets or other means.
๐Execute a swap and transfer the assets to a different wallet address in the same transaction.
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MultiSwap Developments
๐ Our commitment to diversity shines as we added dozens of tokens for each network on MultiSwap. This expansion broadens your trading horizons, allowing access to a richer variety of assets.
Quantum Portal Enhancements
๐ We've reimagined parts of QP to make miner stake delegations both cost-effective and efficient. This involved crucial updates to our smart contracts to streamline processes and optimize resource utilization.
Stay updated, stay ahead, and be part of Ferrum Network's journey to redefine blockchain technology!
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๐ฃ We Bought DOT Initiative๐ฅ
๐ฃ We're coming with another We Bought DOT initiative update! We have accumulated 381.5 DOT since our last update.
๐ฅThis brings our current total to 25,366.4 DOT!
๐We 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!
๐ Ferrum Secured Kusama Parachain!
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๐ฃ We're coming with another We Bought DOT initiative update! We have accumulated 381.5 DOT since our last update.
๐ฅThis brings our current total to 25,366.4 DOT!
๐We 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!
๐ Ferrum Secured Kusama Parachain!
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๐ฃ Weekly Mainnet Update ๐
๐ฅ Our team has been diligently working on enhancing the Quantum Portal's capabilities, specifically focusing on improving the connectivity workflow for non-EVM chains.
๐ฅ This week, we've made significant progress in developing tooling that facilitates transactions between non-EVM chains and the Quantum Portal to be easily interpreted by existing EVM wallet services.
๐ This advancement is a key step towards seamless interoperability between different blockchain ecosystems, ensuring that users can enjoy a smooth and intuitive experience regardless of the chain they operate on.
๐ฅ By making transactions easily readable by EVM wallets, we're bridging the gap between EVM and non-EVM worlds, further solidifying Quantum Portal's position as a leading solution in cross-chain technology.
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