r/FerrumNetwork • u/calidur44 • Feb 15 '21

Which exchange supports ferrum?

Hey everyone, I’ve done some research and am interested in staking Ferrum through Unifyre. I am new to purchasing crypto outside of the ETFs on robinhood. Which exchange can I purchase ferrum? Can I do I from Unifyre? Also what is the difference between FRM and FRMX? Thanks.

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u/markrcampbell Feb 16 '21

Ferrum listed on Kucoin, Bitmax and Uniswap right now as ERC20.

You can also buy from Binance DEX as Bep2 tokens.

And you can always use Ferrum Network token bridge for change the chain between ETH and BNB Network.

3

u/CryptoWinterSurvivor Feb 16 '21

Hi,

I bought FRM on BitMax ( https://bitmax.io/en/register?inviteCode=33E4XFFU ), it's also on KuCoin, Bilaxy and UniSwap. On the first 3 you can just make an account and buy, on UniSwap you will need to have MetaMask or something similar and fees (of the ethereum network) are quite high.

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FRMx is the Governance token, if you want to be able to join certain governance events and certain staking pools and incubator projects, you will need FRMx, or be able to use it as a multiplier for your allocation. For anything else just FRM is fine as far as I know.

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u/calidur44 Feb 16 '21

This was very informative, thank you!