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Ferrum Network (PUR) ICO

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Ferrum Network (PUR) ICO
Deal Score-1
Deal Score-1
  • Overview
  • Screenshot
  • Video
  • Specification
  • Review
  • Airdrop
Token Sale Dates
Public Sale Start : 2018-12-20
Public Sale End: 2019-01-31
Token Information
Token Symbol : PUR
MVP/ Prototype
Private Funding
Exchange Listing
KYC
White list
Token Features
Project Segment : Blockchain
Project Type : Platform
Token Type: ERC-20
Token Financial
Airdrop
Total Tokens: N/A
Bonus
Bounty
Accepted currency: N/A
Token Main Sale price : N/A
Project Legality
Company Email : info@ferrum.network
Company Website : https://ferrum.network/
6 Total Score
Ferrum Network (PUR) ICO Review

Founding Team
7.0
Project Utility
7.0
Market
6.5
Token Viability
7.0
Project Timing
6.5
Project Timeline
6.0
Community Support
6.0
Token Price & Distribution
7.0
Investors
6.0
Communication
5.0
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ICO Airdrop

Ferrum is a fast interconnectivity network designed for decentralized financial applications. Ferrum brings blockchains together and enables fast and inexpensive transactions without taking custody of user’s assets. Ferrum Network enables decentralized transactions that are an order of magnitude faster and less expensive than the current alternatives. Ferrum DEX is the first decentralized exchange that offers centralize exchange experience along with advanced features such as short selling and margin trading features. Ferrum technology also enables a consistent merchant and retail experience for digital asset payment solutions, and other decentralized applications that are in early development.)

MARKET RISK
None of current DEXs have solved the main technical problem – low speed and liquidity.

The other problem is advantages of larges exchanges, which have huge number of users and it is easier for them to create a decentralized network.

In addition, there is a big law risk – SEC has not approved current DEXs, nut USA is the biggest market for such platforms. The situation is that the first good project is going to win the competition and capture the market.

PRODUCT RISK
Now Ferrum is developing two main products – DEX and wallet. Both of the products have many other already existing analogues.

BUSINESS MODEL RISK
Ferrum Network has strategic partners – TLG Ventures, KOSMOS, Token Research Group. Some of their team members represent these funds.

FINANCES RISK
Ferrum’s business and token’s cost fully depend on the number of users. During the communication with the team, they have mentioned that their main market is USA, but it is still big legal risk with American jurisdiction. In addition, business is built on cryptocurrency market and if it is going to fail this project will be unclaimed.

TEAM RISK
There are 8 people and 5 advisors. Half of a team are from investment funds and the other half has some technical background. There is one important moment – most of the founders haven’t changed their main workplace in LinkedIn.




  • Show full profile

    Ravikash Gupta is a 37-year old Fin-tech and Bitcoin enthusiast living in Mexico. His passion for finance and technology made him one of the world’s leading freelance Bitcoin enthusiast, he is attached with many Blockchain Startups as Advisor.

    We will be happy to hear your thoughts

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