Ferrum Network Partners with Honest Mining to Reach Thousands of New Users

By henryba | henryba | 29 Jan 2020

Hello, I wanted to draw your attention to the fact that Ferrum Network has just signed a partnership agreement with Honest Mining.

What is Honest Mining?

It's a Staking-as-a-Service provider, which means that they put tokens in the name of end users to eliminate the technical complexities of the staking process and thus offer staking to a wider audience.
They have over 14,000 users and have about 100 nodes.
Through this partnership, Honest Mining will support FRM staking in the FRM Stake and Earn program and all subsequent staking mechanisms.

Honest Mining will have a dedicated pool in FRM Stake and Earn with the following specifications:

-Rewards: 35%.
-Full maturity: 12 months (365 days)
-Size: 2.5 million FRM
-Early withdrawal: 180 days. 10% rewards
-Minimum contribution: 2500 FRMs

you will note that the number of $FRM to be staked is very small (2500) in order to allow everyone to participate.

Please also note that a 10% service fee will be deducted from the total reward obtained.
This partnership is beneficial for people who are not comfortable staking their chips by themselves.

you can find the full announcement here

you can register with Honest Mining here

this pool is independent of other FRM stake and earn pools.
as a reminder, below is the structure of the pools in which you can directly deposit your $FRM (no operating fees)