Re: 🔴 [ANN] Ferrum Network | Interoperability Network & DAG Blockchain 🔴
We have one more big announcement tomorrow to top off the week, we think most will be pleased
Binance Dex will be listed to, but not immediately, that's why we've issued BEP tokens, to formally apply for Binance DEX. It was from the perspective of liquidity, marketing and what Ferrum's core blockchain represents, the mainnet is focused on Interoperability
But this will be only part of BEP tokens. In this case not all users will be able to convert ETH tokens to BEP? Wil you have own bridge (wallet) for convert ETH to BER and vise-versa?
Token Bridge
BEP-2 tokens will be convertible to ERC-20 through a token bridge. For the first 30 days after distribution, there will be a 50% fee for converting BEP-2 to ERC-20, decreasing by 1.5% per day until the fee is eliminated.
In addition, by applying to Binance DEX early at the time of TGE, we increase the likelihood of secondary listing around 30 days later. This means that no matter what, the BEP-2 tokens will be fully liquid with no fee approximately 30 days after TGE.
Reference article: https://medium.com/ferrumnetwork/announcing-the-ferrum-network-utility-token-offering-f3ab72fcee23
50% fee of amount for converting? This probably a joke? If I have 100 tokens, than I must pay 50 tokens as fees?
What will you do with this tokens raised on such huge fees?