Ferrum Network Announcements

📣 Addressing FRM Movement

We want to take a moment to address recent community discussions regarding FRM movement and provide clarity on the situation.

For months, the Ferrum team has been actively securing funding to support the rollout of Mainnet, which includes the imminent release of the Mainnet Bridge. This bridge will enable FRM movement and drive traction through upcoming airdrop and engagement campaigns.

During this period, maintaining baseline volume and ensuring listing status on key exchanges has been a priority. Due to recent market conditions, there was a need to facilitate additional volume on KuCoin and Gate to maintain healthy trading activity.

🚨 Key Points to Note:
✅ The FRM moved is NOT being dumped outright—if that were the case, the impact would be significantly visible.
✅ There is a coordinated effort with liquidity providers to facilitate trading volume while ensuring responsible and gradual liquidity management.
✅ The team continues to allocate funds for critical operational costs (e.g., server infrastructure) to prioritize the Mainnet launch.

The Mainnet launch is the primary focus, and once deployed, it will unlock additional opportunities to secure funding and fuel further ecosystem growth.

Stay tuned—more Mainnet updates coming soon!

🚨 Official Statement on Recent Incident Involving MetaXSeed

We are addressing a recent incident that impacted MetaXSeed's $XSEED token launch. A breach involving the developer's wallet led to an unauthorized withdrawal of vested tokens, disrupting the token's stability and affecting MXS Games' ecosystem.

Ferrum Network's Actions:

👉 Liquidity Support: Assisting MXS Games in re-establishing liquidity levels affected by this incident.
👉 Token Swap Support: Providing technical and financial resources to facilitate a smooth Token Swap and relaunch activities.
👉 Recognizing MXS Games' Dedication: MXS Games has consistently demonstrated exceptional professionalism and commitment to their community. Despite this setback, we believe in their potential for recovery and success.

⏰ Incident Overview: On October 30, 2024, the developer wallet was used to call an emergencyWithdrawal function on the vesting contract, resulting in an unauthorized extraction of tokens.

👉 Accountability and Actions Taken: Ferrum is committed to procedural adherence and has taken action against individuals responsible for oversight during this deployment.

👮‍♀️ Nature of the Attack: The incident was not a technical exploit; rather, it stemmed from leaked keys. Ferrum is investigating this matter alongside MXS Games and relevant authorities.

🔮 Looking Forward: Ferrum is dedicated to supporting MXS Games in their recovery efforts and will continue to provide updates as more information becomes available.

For a detailed breakdown of the incident and our ongoing support, please refer to the attached PDF.

📣 Ferrum Network x Pizza Pets Giveaway! 🍕

❗️ Join Ferrum Network x Pizza Pets for an exclusive airdrop! Here’s how you can participate:

🏆 500 Pizza Pets Ordinals will be awarded to the top 100 cFRM stakers, giving them guaranteed access to the game and its immersive experience. The Pizza Pets Ordinals will be airdropped directly to qualifying wallets (expected by the end of November).

🎲 Lottery Bonus! We're also giving away 50 Pizza Pets through a lottery to participants who stake at least 1 cFRM and complete the tasks outlined on the platform. This means anyone who qualifies has a chance to win! 🎟️

📅 Deadline: You only have 24 hours until November 7th at 20:00 UTC to enter!

👍 Join the Pizza Pets Giveaway!

Pizza Pets marks a whole new frontier in blockchain gaming, inviting Ferrum Network and Ordinals enthusiasts to an evolving experience on Bitcoin. Stake, qualify, and bring your Pizza Pet to life! 🍕

🎃 Halloween Contest Winners Announcement! 👻

Thank you all for your spooktacular entries in our Halloween Contest! The creativity and spirit you brought to this contest have truly been a treat! 🍬

The winners, chosen by the Ferrum Labs team, are:

🎉 Meme/Creative Design:
Check out the winner here: @kiritoXenn

🎨 T-shirt Design:
Congrats to our winner: @Web3_Divine

📚 Quantum Portal Related Education Content:
Hats off to: @Haji_D1

Each of our winners will receive $150 in cFRM tokens! 🪙

Winners, please message @FerrumNetwork on Twitter with your ARB wallet address to claim your prize!

Thanks again for all the spooky fun, and stay tuned for more exciting contests in the future! 🕷️

📣 State of Ferrum Network & Path Forward: Stakeholder Statements

We are reaching out to share important statements from Ian and Naiem, co-founders of Ferrum Network. These statements provide valuable insights into the current state of the network, recent developments, and the path forward as we navigate the challenges ahead.

Given the significance of the messages conveyed by both stakeholders, we encourage you to take the time to read their statements in full. Their perspectives are crucial for understanding the ongoing efforts to ensure Ferrum Network’s growth and resilience.

Thank you for your continued support and engagement with Ferrum Network.

📣 Liquidity Optimization for FRC-7 Has Begun!

🚀 The liquidity for FRM/WETH and cFRM/FRM pairs on Arbitrum has been successfully moved to Uniswap.

💧 Liquidity is now available on both Ethereum and Arbitrum, and you can easily access it through the Uniswap platform.

🔗 Contract Addresses:
FRM/WETH Pair: 0xf160A2E1030BC1d334415a3366024B916aDcCECf
cFRM/FRM Pair: 0xFB6DddE905A47626427023A3ae73A42b2A18f0A8

ℹ️ For more details, please visit the FRC-7 Snapshot page here.

📣 Ferrum Liquidity Update

In response to community feedback and reports of issues on SushiSwap, we’ve transitioned liquidity for the cFRM/FRM and FRM/ETH pairs from SushiSwap to Uniswap on Arbitrum. 🛠️ This shift was made to address the challenges raised and to provide a more reliable trading experience on Uniswap. 💹

✨ FRM Ethereum and Arbitrum trading are now available on the seamless Uniswap platform for improved access and stability! 🚀

🎃 Join the Ferrum Halloween Community Contest! 🎃

👻 Get ready for some spooky Halloween fun! From October 21st to October 31st, we're hosting a community contest on Twitter with three creative categories:

🤣 Meme Creation: Craft a meme centered around Ferrum Network.
🖥 Content Creation: Share a tweet, thread, video, or analysis about the Quantum Portal Explorer.
🎨 T-Shirt Design: Design a Halloween-themed Ferrum Network t-shirt.

💰 Prizes: Each category winner gets $150 in cFRM tokens! 🏆

🎉 How to Enter: Include "This is my entry to the #FerrumHalloween @FerrumNetwork $FRM" in your tweet. Make sure to promote your entry, as the best tweet entries with the most engagement will win!

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📣 Blockscout Explorer is Now Live! 🚀

Hope you didn't miss the launch of Ferrum's Blockscout Explorer, enabling real-time tracking of on-network transactions with zero backlog. This new explorer provides greater transparency and ease of access, ensuring you can monitor your transactions seamlessly.

👉 Explore Blockscout and see it in action!

Check out the explorer now and experience smooth, real-time transaction tracking across the network.

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📣 Quantum Portal Documentation is LIVE! 📎

📄 Quantum Portal Documentation, designed to assist developers in integrating with Quantum Portal contracts. These comprehensive guides support dApp development across both EVM and non-EVM ecosystems.

👉 Check out the Quantum Portal Documentation now and start building with ease!

Whether you're building on Ethereum, Binance Smart Chain, or non-EVM platforms like Cosmos, these docs will help streamline your development process.

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📣 Catch Up on the Ferrum Mainnet Update Twitter Spaces - Part 1 & 2! 🎙️

🎧 Missed the latest insights? Don’t worry, Ferrum Labs hosted two exciting Twitter Spaces last week discussing the latest Mainnet developments, and both Part 1 and Part 2 are now available to listen to!

💥 Get all the updates on Ferrum’s journey towards Mainnet, key highlights, and what’s coming next.

🔈 Listen now and stay in the loop!
👉 Part 1
👉 Part 2

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📣 Voting is Now Open for [FRC-7] Proposal: Enable Bridge and Consolidate Liquidity 🗳

🔥 You can now vote on the [FRC-7] proposal to improve FRM’s trading experience by enabling bridging across ETH, ARB, and BSC, and consolidating liquidity.

🗳Voting Details:
👉Proposal Link: FRC-7 Proposal
👉Voting Starts: Oct 13, 2024, 3:14 PM
👉Voting Ends: Oct 20, 2024, 3:14 PM

❗️ Vote Now!

📣 Join Ferrum Network for the Mainnet Update Twitter Space Part 2! 🎙️

🔥 Today, Friday, October 11th at 15:00 UTC, we’re continuing our discussion from earlier this week in our Mainnet Update Twitter Space. This time, we’ll dive deeper into some exciting topics including:

🔍 Quantum Portal Explorer
📜 FRC-7 Proposal
🌟 And much more!

Don’t miss out on this opportunity to engage with the Ferrum Network team and get all your questions answered!

👉 Click here to listen to Part 1 of the Twitter Space!

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📣 Ferrum DAO Proposal [FRC-7] Enable Bridge and Consolidate Liquidity For Improved Trading Experience 🗳

💥 FRC-7 is now live on Snapshot and has entered the Waiting Period.

⏳The Waiting Period will last for 3 days, ensuring sufficient time for the community to review and discuss the proposal. Once this period is over, voting will commence.

🤔What is FRC-7?
By enabling the bridge to Arbitrum and consolidating liquidity on the chain or chains decidend on by voters, FRC-7 is designed to improve mobility of FRM and reduce slippage and price impact for traders.

🗳Voting Details:
👉Proposal Link: frc-7 Proposal
👉Waiting Period End: October 13th, 2024 at 13:14 UTC
👉Voting Start: October 20th, 2024 at 13:14 UTC

❗️We encourage every member of our community to review the proposal, engage in thoughtful discussions, and exercise their voting rights when the voting period begins.

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📣 Quantum Portal Explorer is LIVE! 🚀

🔥 The Quantum Portal Explorer, a key component to navigating Ferrum Network mainnet and the first multichain explorer of its kind, is now live! QPE allows users to explore and interact with various blockchains connected through Ferrum's Quantum Portal.

🔗 Quantum Portal Explorer

✅ It includes features like tracking transactions, viewing blocks, and exploring smart contracts across connected chains such as BSC, Base, Arbitrum, Optimism, and Polygon.

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📣 Ferrum Network's Latest Monthly Dev Report for September 2024!

🔥 This past month has been huge! Our primary focus has been on decentralizing MultiSwap, with both backend and frontend teams working closely together. Development is running smoothly, and we're getting closer to testing the decentralized version of MultiSwap!

📰 Read on Medium

💥 On the Mainnet front, we completed stress testing and launched the Quantum Portal Network testnet, now connected to BSC, Base, Arbitrum, Optimism, and Polygon. Plus, we introduced the QP Explorer and testnet chain explorer to make things easier for developers and users alike.

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📣 Recap of the Ferrum Network x TUTTI Telegram AMA

🎉 The Ferrum Network x TUTTI Telegram AMA was a fantastic session filled with valuable insights and engaging discussions about unlocking Bitcoin liquidity in DeFi!

🔥 If you missed it, don’t worry! We’ve got you covered. Click below to read the full recap and discover how TUTTI is leveraging Ferrum Network’s infrastructure to transform the blockchain landscape.

🔗 Read on Medium

📣 Ferrum Network Mainnet Update: A Journey of Innovation and Growth! 🌟

🚀 Make sure to check out Ferrum's latest article highlighting the significant strides Ferrum Network has made in its Mainnet development. Over the past six years, Ferrum Labs team has been dedicated to building a robust protocol and addressing the challenges of the blockchain space.

📰 Read the Full Article

🔍 Key Highlights:
👉 A look back at Ferrum's evolution since 2018, navigating through challenges and emerging stronger.
👉 Insights into our innovative technologies that are paving the way for interoperability.
👉 An overview of the current state of the Mainnet and future developments.

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📣 Ferrum Network Twitter Space: Mainnet Update! 🎙

Join Ferrum for an exciting and informative session as we dive into the latest developments at Ferrum Network. We’ve got plenty of updates to share on the progress of our Mainnet, and we want to discuss them with you in real-time!

📅 Date: Tuesday, October 8th
⏰ Time: 17:00 UTC
❗️ Set your reminder!

In this Twitter Space, we’ll cover:
👉 Testnet - Over 600,000 blocks validated with lightning-fast 6-second block times.
👉 Enabling real-time transaction tracking for enhanced transparency.
👉 How we’re expanding Ferrum’s reach within the DotSama ecosystem.
And much more!

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📣 Ferrum Network Mainnet Update! 🚀

💥 The Ferrum Network Testnet has been up and running, and it's time to share some exciting updates! Ferrum Labs has been hard at work, ensuring that developers and users have a robust environment for testing and building. Here’s a breakdown of the latest developments!

Testnet Updates:
👉 Testnet Launch: Successfully validated over 600,000 blocks with 6,500 transactions achieved at an impressive six-second block time!

👉 Blockscout Explorer: Enabled real-time tracking of on-network transactions with no backlog, providing transparency and ease of access.

👉 Quantum Portal Explorer: This tool offers detailed insights into cross-chain contract calls, logs, and the complete journey of transactions across integrated ecosystems. Quantum Portal Explorer to be revealed soon! ⌛️

👉 Kusama Parachain Integration: Testnet code has been deployed on the Kusama parachain, further enhancing Ferrum's presence in the DotSama ecosystem.

👉 Quantum Portal Documentation: Comprehensive guides have been released to assist developers in integrating with Quantum Portal contracts, supporting dApp development across both EVM and non-EVM ecosystems.

👉 Integration with Testnets: Testnet now connects with the test networks of integrated chains and utilizes test tokens, providing a practical testing playground for feature feasibility.

🔈 You can read more about Ferrum's Mainnet updates in this newly released article.

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