2nd key point — products and their progress

Since ICO, the Ferrum team has been working hardly to meet its schedule; developers have been improving the backend in order to abstract on it and facilitate the development and integration of the other products easily; they are working on more than 25 repositories, around 10 public repos are in github; they built also smaller products such as KYC tools. Main products already developed and/or in progress are:

Token Bridge (done): because of the FRM token is issued for both the Binance Chain and the Ethereum Chain, there was the need to develop a token bridge in order to support the interoperability between the two chains; the bridge was developed to enable users to swap their tokens between the two chains and in both directions (ERC-20 -> BEP2 and BEP2 -> ERC20).

Early staking (done): this early staking product was unique in many ways and offered to its participant the chance to gain higher rewards by staking longer; it was pool-based (diamond staking pool 50%+ ROI, platinum pool 30%+ ROI, gold pool 10%+ ROI), flexible, strategic; unique features are the early withdrawal, redistribution of rewards, and additional rewards for full maturity (who stakes until full maturity will likely receive additional rewards from those who withdrew early).

First Kudi (done + ongoing) (formerly Kudi Exchange): it is a multipurpose financial app with one-click bank accounts, low cost merchant services, instant fiat payments, and next generation investment platform, all-in-one. With First Kudi, you can send money, invest, save, and earn with one simple application! First Kudi is a product under a continuous integration cycle, I mean developers implement new features and improvements and integrate in the app cyclically, it is not a finished product, rather it is a product used by people and merchants and their request/feedback are promptly managed by the team. Ethereum (ETH) and Ferrum Network Token (FRM) will be added to the app, will be also introduced the Kudi bank card, as well as the major rebrand with brand new UI and designs. There are active initiatives to engage people and create awareness:

First Kudi Referral Program : users can earn bitcoin just for referring their friends and family to the app! Top referrers have already earned big rewards!

users can earn bitcoin just for referring their friends and family to the app! Top referrers have already earned big rewards! Kash and Kudi : users can shop at Kudi approved merchants to receive major discounts. First Kudi network includes already over 100 merchants !

users can shop at Kudi approved merchants to receive major discounts. First Kudi network includes already over 100 ! Learn and Earn: educate yourself with specialized First Kudi Courses and earn BTC, FRM, USD, or NGN.

UniFyre wallet (ongoing): a global wallet which will include risk-free OTC trading, instant market trades thanks to its integration with the other Ferrum products (of course will exploit the Ferrum DEX — Infinity DEX), advanced security, staking, and other novel features. It is in the final development phase and it should be ready for Beta testers by end of year; Unifyre will be a unique multi-chain crypto wallet. It will be the first wallet, where you completely take control of your private keys, but you can benefit from server side security checks such as two factor authentication, AI based fraud detection, geo-fencing, locking account on a lost or stolen phone, and other security features. You will have access to buy crypto around the world and will work seamlessly with other Ferrum products. BTC, ETH, ERC20 support (TrustWallet has no BTC); the team planned to implement other interesting features to improve user experience, not in the first version of the wallet, a way to send crypto using a link or by direct airdrop.

Mainnet (ongoing): the team is making progress also with the mainnet development; in the updated roadmap, testnet is scheduled for Q1 2020 and mainnet for Q2 2020, details will be announced accordingly. The mainnet will be another interesting opportunity for people who will take part in the network as validator: probably circulating supply will decrease due to the tokens to be locked to run validator nodes. All the Ferrum products will be integrated in a whole ecosystem and will run on top of the Ferrum mainnet: for every transaction on the network a small portion of FRM token will be burned.

SubZero Wallet (ongoing): it is a cold wallet to store digital assets in a simple and secure way; it is a mobile cold-storage realized by using an offline mobile phone secured by military-grade technology.