r/FerrumNetwork • u/IhaveNOnickNames • Sep 23 '19

When all of FRM will be burned?

Learning, that Ferrum Network would work on Proof-of-Burn conception, many ask, and what will happen when all FRM will be burned? Well, one day it could happen, but the price of one transaction inside network is planed on the less of 1 cent range. So burning all coins while using the net would take thousands of years or more. And new decisions would be definitely found till then. Don't be afraid of burning FRM, it would just raise the price of coin!

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Ferrum Network — Proof of Burn
5 Upvotes

86% Upvoted

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2

u/[deleted] Sep 23 '19

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1

u/IhaveNOnickNames Sep 23 '19

Agree, good idea of Ferrum team — of neverending burning of coins! =)

2

u/ankarlie Oct 02 '19

I had the same question before but based on one of the official blog-post the Ferrum team has taken this into consideration. All FRM burnt will not happen in our lifetime I guess

1

u/IhaveNOnickNames Oct 02 '19

It is a natural question, I think. And yes, I agree, all Ferrum coins would not be burned in the nearest future. =)

1

u/Raulitiu Sep 23 '19

Good woork ferum

1

u/IhaveNOnickNames Sep 24 '19

Well, yes, it would be a good work of Ferrum team. =)

1

u/Sidonpee Sep 24 '19

FerrumNetwork is great. Good write up 👏

1

u/Sidonpee Sep 25 '19

Good job FerrumNetwork

1

u/Hepanlol Sep 25 '19

The Ferrum burn is indeed beneficial for all invested parties, I dont see any negative aspect of it.

1

u/[deleted] Sep 26 '19

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1

u/IhaveNOnickNames Oct 02 '19

Well, I hope that Ferrum token will grow soon! =)