Single SPO Staking Pool Program introduced on spores network is in partnership with Ferrum Network. Participants can lock their tokens to support a network and earn high yields such is increased network utility or monetary compensation based on the length of time staked. It’s like a decentralized high-yield bank account, with maximum customization for projects and flexibility for participants. Staking is the process of holding tokens in a cryptocurrency wallet to support the operations of a network. Participants are rewarded for depositing and holding coins, with constant guaranteed time-based returns. Rewards are calculated based on staking time. When in use in relation to participation mechanism of Proof-of-Stake, A staking pool is a combination of all the asset contributed by stakeholders to unify their staking power. Computational power is linked to number of asset held by a stakeholder directly.
Staking $SPO Through Ferrum’s Flexible White Glove Staking Service
Staking and liquidity farming has been chiefly reserved for big-cap projects with mainnet, leaving numerous exciting new projects with limited options to offer staking and liquidity farming for their token. Subsequently, the emergence of DeFi and the appeal of passive income has improved the relevance of staking. This gap in the market is why we built our flexible DeFi Staking Platform.
Projects like Spores Decentralized-Finance built by Ferrum can customize their staking to fit their needs. Each project and community has unique token metrics, unlocking schedules, and community concerns. Spores will also be able to launch its Staking program before their mainnet goes live, which will help to increase their token utility while rewarding community supporters and their early investors. Buy Backs can be introduced from Ferrum Network. Ferrum Network now reconcile the success of our products and services with the price of $FRM. To share the success of our business with our community and add additional token utility, Ferrum will be conducting token buybacks for every product sold along with bi-weekly buybacks. We will be sharing our progress for each buyback. Projects can also receive discounts for our products if services are paid for in $FRM. Ferrum Network is a deflationary cross-chain Blockchain as a Service DeFi company that specializes in adding token utility and advisory services to projects across the crypto space. Ferrum builds white-label blockchain solutions that power Startups and established organizations, enabling them to get their product to market faster.
About Spores
Spores network is a cross chain DeFi powered NFT market place that seeks to Define decentralized pop culture. It’s main aim is to build a full stack NFT platform consisting of an NFT meeting portal in the marketplace for trading NFT’s supported by cross-chain DeFi protocols which is user friendly. Spores is currently Asia’s top NFT marketplace. Spores seeks to Give creators the power to Create, exchange, and communicate their lifes work, supported by cross-chain interoperable and frictionless protocols on multiple major blockchains (Ethereum, BSC, Cardano, Solana, Polkadot, Avalanche, Cosmos), which solves the addressed limitations of the NFT industry.
