Re: [ANN] Ferrum Network | BITMAX | DAG Interoperability Network

Introducing FRMx: A Sustainable Staking Governance Token

Ian M. Friend, Esq., Oct 13, 2020

Dear Ferrum Community,

Last week, we announced our upcoming advanced staking system — Liquidity Staking: Flexible Multi-Token Staking.

Today, we are thrilled to reveal the details surrounding FRMx — our new derivative staking and governance token.

FRMx is a new kind of governance token — with valuable utilities, long term sustainability, a fair launch, and designed to add tremendous value to the entire Ferrum ecosystem.

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As i understood they will share FRMx token beatween FRM hoders? Why whi is this distribution will be only beatween big holders 9who have 100k FRM tokens)? I think it should be distributed proportionately among all token holders according their amopunt of FRM tokens.

Exactly my thought. I have been holding my Ferrum ever since the token offering ended and, I really think they should reconsider the FRMx distribution rule and distribute FRMx to all investors. I was OK when they decided to not split the listing fees with the users who have less than 100k token but, this I am not ok with.

Many people who are holding FRM coin will always expect same thing from the company, firstly company should bother much about their investors and who are holding the FRM coin, but I see the supply of FRMx coin is very low and how far they will distribute the token holders.