Hello Everyone, have a blessed day!!!

For this year 2020, a lot of new updates awaits for all Ferrum Network's users and supporters, especially for the FRM Social Mining participants based on the latest update from the Ferrum Network team through their Official Medium Account.

Here are the major updates that we should look for and it will definitely help us in the community.

First Update: Encouraging Engagement, Discouraging Passivity

One problem we identified is that it was possible to earn (smaller) passive rewards based on work performed in the past. Social Mining is about encouraging valuable content creation on a regular basis, not coasting on earlier work.

Therefore, we have introduced a major change in the way tokens are distributed: instead of considering total reputation and points owned by users, the algorithm considers points and reputation earned from the last distribution. Therefore, participants are incentivized to work during the two week period and will reduce passive incomes.

Second Update: Eliminated Ranking to Reduce Pointless Competition

Another problem we identified is that people sometimes focus on the “competitive” aspect of the platform but ignore its ultimate goal: creating value for FRM and the FRM stakeholders.

As a community, we do not believe that there are winners and losers. Everyone in the Ferrum Network community has something valuable to bring to the table.

Therefore, we have eliminated the ranking system. This will reduce competition simply for the sake of moving up in the ranking, and will rather push participants toward producing valuable content.

Third Update: More Team Tasks

While not technically an update, we have learned that it is more effective to focus the participants on particular tasks that align with our overall marketing strategy. For instance, with FRM Stake and Earn coming, we have created many Team Tasks around this product release.

Please check out the Team Tasks section of the platform to see these requests. Priority and additional rewards will be given to such Team Tasks.

We'll continue monitoring the project for more updates and information.

Ferrum Network Links:

Website: http://bit.ly/FerrumNetworkWebsite

Telegram: http://bit.ly/FerrumNetworkTelegram

Twitter: http://bit.ly/FerrumNetworkTwitter

LinkedIn: http://linkedin.ferrum.network

YouTube: http://youtube.ferrum.network

Reddit: http://reddit.ferrum.network

Bitcoin Talk: http://bitcointalk.ferrum.network

Facebook: http://facebook.ferrum.network

Github: https://github.com/ferrumnet/

Instagram: http://instagram.ferrum.network