Ferrum Network (FRM stake & earn) Staking 2.0 Recap

By henryba | henryba | 22 Feb 2020

Hello everyone, for almost 2 weeks I've been busting your ears with Ferrum Network's "FRM stake and earn" staking program.
The pools having closed their doors on Thursday at 03:00 pm UTC, it's now time to take a look back.

Let’s recap what happened in the past few days:

Rhodium pool: Filled in 15 minutes from release!, community members were actively waiting to take advantage of the rhodium pool with 85% (And over) rewards.

Promethium pool: The reward of this pool was 65% (And more) which has proven to be attractive to the community members as it filled within the first two days of the release.

Palladium pool: This pool was available throughout the 7 days of the staking round and has filled completely on the last day with its 45% (And more) reward structure.

Titanium pool: This pool was also available throughout the 7 days of the staking round and was also filled within minutes from the end with its 25% (And more) rewards.

Total FRM staked in staking 2.0 round: 10,000,000 FRM (approximately 8.66% of the total supply in circulation!)

The program has met with an unexpected level of success as all the pools were filled before the deadline!

however, for the latecomers who didn't have the time, or were afraid to stake out their FRMs, there is still hope for you!

Honest Mining Staking pool has been extended by another 7 days for those who want to take advantage of its 35% rewards

you can register on Honest Mining here

The Honest Mining pool is independent of the " FRM stake and earn " pools, but it is managed by a competent team with a proven track record.
They manage 110 nodes.