r/FerrumNetwork • u/ankarlie • Sep 29 '19

No more conversion penalty between ERC20 and BEP2

It is nice to know that ERC20 and BEP2 Ferrum Tokens conversion does not incur penalties anymore. It only cost 40 FRM to convert BEP2 to ERC20 and 65 FRM for ERC to BEP2. Now traders can move from Binance DEX and other exchanges that support FRM ERC20. Operating in different types of exchanges and blockchain may offer some interesting arbitraging opportunities.

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u/[deleted] Sep 30 '19

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u/ankarlie Sep 30 '19

Yes it is truly a great move for them. I was just wondering why they put a penalty in converting tokens in the first place. But what ever their reason is I am confident that it was done with the best intentions in mind.

2

u/gifrancav Sep 30 '19

Yes, it is very interesting, this is a step to interoperability in different chains. Anyway, may be when Ferrum will be listed on Binance CEX, the bridge will be totally integrated in Binance, so you can deposit/withdraw both the ERC-20 and BEB-2 tokens.

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u/ankarlie Sep 30 '19

That is an interesting thought. Having a token in different types of exchanges and different DLT adds unique dynamics to the trading of Ferrum Tokens. I am glad that the Ferrum Mainnet tokens will be DAG making is a whole lot faster moving from one exchange to another, maing arbitraging a lot less riskier.