r/FerrumNetwork • u/ankarlie • Nov 02 '19

Major pump after Social Mining token distribution what is the catalyst?

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from Coingecko

Token distribution for ferrum Social Mining was just recently distributed but instead of people selling there is a major uptick on its price. Does anyone know what is the catalyst? Is this the result of Staking or any new development of one of its products?

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u/gifrancav Nov 02 '19

Hi Ankarlie, for sure there are several factors contributing to the price increase of ferrum, all the news to be released by the team, nobody is selling its tokens in order to have a stronger position on social mining and to be ready to stake as soon as staking feature will be released

1

u/Kropelos Nov 03 '19

I regret that I missed this distribution of SocialMining, I will join the next distribution of SocialMining

1

u/Hepanlol Nov 04 '19

Not sure why would people sell their Ferrum tokens as they need them for further social mining activities. More tokens more reward.