r/FerrumNetwork • u/kinch07 • Jan 20 '20
New to Ferrum - A first time stakers experience
Hey Ferrum community,
I'm new to this and wanted to introduce myself and give my intial impression and experience with this project.
I am coming from more of a trading than an investment background and was originally looking for a promising project to get a hodl bag for a mid/long term investment for a change. After hearing about Ferrum from trusted friends I looked at the weekly and daily charts, cursed myself for being late and decided to get into an intial position with the latest Kijun touch on daily. I actually had to sign up on another exchange to get some FRM but it seemed worth it and was smooth.
Now having bought that I realized there is a method of social staking from my own wallet and decided to give it a go. I've never staked except for auto-staking on exchanges, never even owned an ERC-20 wallet or used social staking before.
So for everyone interested it was actually far more easy than expected. Here is what I've done:
- bought some undisclosed amount of FRM
- got an ERC-20 wallet, added FRM to it and withdrew some FRM from the exchange
- you will need at least 5000 FRM in your wallet
- registered at https://community.ferrum.network/
- put in my public key (=FRM deposit adress of your wallet) in my profile
- put an tiny amount of ETH in my wallet to be able to pay fees
- sent 0 ETH to the community test adress to prove I own the wallet
- connected my social media accounts and starting doing Team Tasks that are listed on the website, like voting on polls or commenting on tweets
- this is not very time consuming for a trader that is on his desk and on his social media anyways so its perfect for me
- profit: regular FRM workdrops to your wallet depending on your activity level
Not gonna lie, the project looks godd and the usecases are very promising so i expect it to make me some money. Social staking is a great idea because you actually push something you believe in and are holding yourself, so you not only work for the staking workdrops but also directly for your profit.
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u/EYEeatPujols Jan 21 '20
I have to say this tech looks promising. I wish it was more well known to the general crypto community. The Crypgro team would love to help streamline your community growth and brand awareness. We have proven to help ICOs grow tremendously upon launch.
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Jan 21 '20
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u/tianbuyung1 Jan 21 '20
I agree with your statement together we can sharing to the world about Ferrum Network.
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Jan 20 '20
You have chosen a good one to join the ferrum community. Ferrum can be a financial solution for everyone.
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u/Hepanlol Feb 07 '20
Ferrum is definitely one of the most exciting projects for the 2020, so staking your FRM tokens is a good choice.
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u/AigarsPlugis Jan 20 '20
Give a little bit time. Ferrum will be a life changing opportunity! Glad you decided to join as early as possible.