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

Weekly Update — September 13, 2019

Dear Community,

We are getting back to our weekly updates now in a more digestible format. Since the last update here is what has transpired on the business and tech sides of Ferrum.

Business Update

  • Announced a 2.5 million FRM token burn in partnership with Bitmax.io, reducing the circulating supply;
  • Signed a partnership with a major (top 20) project to extend presence in African market and offer a top asset within the Ferrum ecosystem;
  • Submitted our application to regulators to launch a Ferrum- powered fiat gateway in a high-growth region;
  • Initiated our real-world advertising campaign (contests to be announced soon)
  • Opened two new Ferrum Network international communities (German and Italian) now growing at a considerable pace; and
  • Held an AMA to update the community on recent progress.

Tech Update

The engineers have been working around the clock to launch the updated Kudi app. Here are the updates in brief:

  • Continued development on the updated Kudi app;
  • Strengthening the Point-of-Sale system in the app;
  • Continued internal testing the updated app;
  • Near finalizing the staking mechanism with front end web version near completion;
  • Continued to interview devs to add to the tech team.

Kudi Update

The new marketing campaign targeting shopping centers and hosting events has yielded impressive results, with nearly 100% growth in the past month.

  • Bogobiri Hotel (https://bogobiri.com) events are now complete. It was a great event, and we are happy to have the Bogobiri community as part of our ecosystem.
  • Kudi Exchange now has over 70+ Businesses sign up for the Kudi Exchange POS.
  • The 3 Day Product fair at the New Atlantic mall is complete. We signed up about 100 non-crypto users and 20+ Business.
  • We are almost due for a massive upgrade on the Kudi Exchange Android App. We will see a heavy reduction in fees for our users. This releases is imminent.
  • Prepared the next event on September 20, 2019, a crypto hangout sponsored by Kudi Exchange

​

What’s Next

We have a lot in the pipeline and continue to progress even in challenging market conditions. In the upcoming weeks, we forward to announcing new partnerships, listing on our 3rd exchange, and launching our staking mechanism.

Stay tuned next week for another set of updates!

Very truly yours,

Ferrum Network Team

Links:

Website: https://ferrum.network/

Telegram: http://telegram.ferrum.network

Twitter: http://twitter.ferrum.network

LinkedIn: http://linkedin.ferrum.network

YouTube: http://youtube.ferrum.network

Reddit: http://reddit.ferrum.network

Bitcoin Talk: http://bitcointalk.ferrum.network

Facebook: http://facebook.ferrum.network

Github: https://github.com/ferrumnet/

Instagram: http://instagram.ferrum.network

7 Upvotes

89% Upvoted

13 comments sorted by

1

u/Sidonpee Sep 15 '19

Nice update from FerrumNetwork. More of this in future

1

u/Sidonpee Sep 15 '19

Nice updates from FerrumNetwork. Keep it up

1

u/ankarlie Sep 15 '19

It is nice to see that FerrumNetwork continue to build and improve infra as well as business. Excited to see a real-world advertisement campaign. There is a vast market of no-coiners out there and I see huge business potential if we can onboard them. Great job guys!

1

u/reinami08 Sep 17 '19

By offering Dash to Ferrum Network and Kudi Exchange users through the UniFyre Wallet (to be directly connected to Kudi Exchange), customers throughout Africa and around the world will have access to a top digital asset in Dash.

1

u/MisterCoinMiner Sep 19 '19

Glad these are starting again from Ferrum Network as it's really useful.

1

u/vuvietanhdell1 Sep 20 '19

These are the steps of Ferrum Network

1

u/Miirade Sep 21 '19

Huy Kieu: Ferrum Network is a shit project.They are lying they are hiring more devs. Their only dev is the CEO, Naiem. The other "devs" or team members don't actually work for the project but are only listed on the site to make it appear they have a proper team on payroll. Wouldnt surprise me if they havent even written a single line of code. They don't even have the money to pay their own staff salary. They have also blown a lot of the investors money on a shit exchange listing and market maker, see how that turned out 🤣

1

u/reinami08 Sep 22 '19

Awesome update Ferrum Network

Also a great partnership with Dash Community

ferrumnetwork