Social Mining System, was a new concept that rewards all content creators by sharing their stories and content on the platform. It was created by DAO Makers that aimed to increase token utilization, engagement and to incentivize participants in the platform's community. I have decided to join social mining knowing that it has a good platform and based on some user's experience and comments especially to @ankarlie who introduce to me social mining, who helped me set up and guide me on how to start the platform. She recommends me to start with "Ferrum Network" Social Mining System in which this is also her first Social Mining platform.
What is Ferrum Network?
Ferrum Network is a high-speed interoperability network built for real-world financial applications. It comprised of two interconnected elements:
- DAG-Based Interoperability Network - that connects to any blockchain enabling peer-to-peer transactions.
- Vertically integrated financial applications running in the network that allows users to buy, sell, store and other transactions.
Ferrum Network was powered by its native token called Ferrum Network Utility Token or FRM. It will power all the different dApps in the platform and also serves as "gas". FRM has two different platforms it is either ERC20 tokens that used primarily when trading in BitMax and as a reward in the Social Mining and on the other hand, the second FRM token platform is BEP2 (Binance Chain) that used primarily to integrate with Binance DEX.
To contribute and participate in Ferrum Network Social Mining, users must have to engage in some Social Media integrated into the platform and this is Telegram, Twitter and Reddit.
