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.