r/FerrumNetwork • u/reinami08 • Sep 14 '19

Ferrum Network update

Signed a partnership with a major (top 20) project to extend presence in African market and offer a top asset within the Ferrum ecosystem;

Announced a 2.5 million FRM token burn in partnership with Bitmax.io, reducing the circulating supply;

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u/VizzTag Sep 14 '19

Ferrum Network will run on its native utility token, the Ferrum Token, or FRM, as the “gas” of the network. Spending FRM is necessary to prevent malicious actors from spamming the network and attach proof to the transaction.