Ferox

 Decentralized Hedge Funds Based On DeFi (FRX)




The blockchain industry and cryptocurrency space is constantly growing and gaining deep significance in various industries. Since the inception of technology, the market has seen a large number of projects and companies, supported by blockchain, introduce their networks and market their services to attract potential investors and organizations. Due to the advanced and improved features and applications available and provided through cryptocurrency and blockchain technology, almost all industries, especially financial companies, are adopting such systems. The widespread use of digital currency in our social and economic communities today has created important and influential printouts on most payment and monetary systems around the world.

The potential and effectiveness of using cryptocurrencies to make these varied payments and transactions depend on the use of smart contracts and cryptographic formulas. These two technologies are responsible for validating the information on each transaction and ensuring maximum security and confidentiality of the details. They are encrypted on the blockchain network and this allows adequate protection for the value of each digital asset against any form of cybercrime, fraudulent activity while safeguarding the identity and personal information of its clients.

The Ferox project is developed on the TRON blockchain network; hence, smart contracts that allow the use of tokens for payments and transactions are also supported by the TRC20 contract. The founding owners and Ferox network development team decided to develop their smart contracts and cryptographic formulas on the TRON network as they offer increased transaction speed and efficiency. Another reason to entrust TRON as their primary platform is because it offers a direct connection from the Web 3.0 interface to the TRON blockchain with great ease and simplicity. Ferox is confident in the efficacy of its smart contracts due to the outstanding results of TRON in several gaming companies that provide analogue betting systems to alternatives and binary spreads,

Another important use of the Ferox network smart contracts concerns betting practice on the platform. Smart contracts and cryptographic formulas oversee the betting process and how the prizes for winning bets are distributed. Users can practice betting on the Ferox platform using FRX or TRX tokens, however, the development team, using smart contracts, create prizes for each token differently. Staking on the Ferox platform can be done instantly at the price of one of the two most popular cryptocurrencies - Bitcoin or Ethereum - or several other digital currencies. The payment procedure for betting with FRX will be determined by the peer-to-peer distribution plan. The Ferox smart contract allows this plan to accumulate all bets made by each user using the FRX token for a certain period of time and send the total amount to the wallet address. In general, the smooth running of the features and benefits on the Ferox platform is governed by the TRON contract.

Mission and Vision

  1. The project seeks to maintain an all-in-all annual return on net equity of 30%, with the ability to increase the free gamma price even further. We achieved both of these agreements.
  2. Crypto Options and derivatives in 2017.
  3. At Bitmex, we doubled our equity in less than 6 trading months in 2019. We have achieved standard compliance with technology stock options in 2020.
  4. Enhancements and enhancements based on our signature derivatives.
  5. strategy, now we want to provide a better profit profile for outside investors.
  6. Removing funds, banks, and custodial structures from the equation and giving investors the opportunity to own decentralized hedge fund shares directly, at a management or management fee, while preserving their privacy, are among the fundamentals that make FRX tokens.

OBJECTIVES OF THE FRX TOKEN PROJECT

  • To maintain an annual return on net equity of everything at least 30% with the potential for further increases.
  • To enable their external investors to maximize their returns by offering a better return profile.
  • It allows investors to directly own a decentralized hedge fund without paying any bureaucratic fees, which is good news for investors.
  • Security is always important in any investment. This project aims to provide and maintain the securities of users and investors to ensure their security.

Detail token FRX

The FRX token is a TRC20 token residing on the Tron Network. it was chosen as their preferred platform for its speed and efficiency. TRC20 was chosen because of the ease of integrating the Web 3.0 interface directly into the Tron Blockchain is evidenced by the success of several e-games, which offer similar betting mechanisms for spreads and binary options, which they wish to take advantage of, via widgets on the ferox advisor website.

The maximum supply is around 700,000,000 FRX tokens. The circulating supply for 2020 will be capped at 200 million FRX tokens. The tradable supply for the end of 2021 will be capped at 400 million FRX, and the remaining 300 million FRX will be reserved for road map development, dividends and special promotions. So out of a total of 700 million maximum supplies, 300 million FRX will only open on December 1, 2021, a full year after The Token Generation Event.

Standard features on the Ferox Advisors platform

  1. YIELD FARMING:
    This involves a process where users or investors use their tokens to make a profit. Yield farming is described as a reward that users get from risking or lending their tokens for some time. FRX token uses the best strategy to maximize user income from their first fund.
  2. LIQUIDITY MINING:
    This occurs as a result of agricultural yields. That means getting tokens as a bonus in addition to the usual returns. These are tokens that are newly created as a result of user mining.

Later, users of the ferox advisors platform can also enjoy binary options services and can bet on popular crypto pairs such as bitcoin, ethereum, bnb and others. all of that using FRX tokens.

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Conclusion

Ferox Advisor is a great decentralized hudge Fund platform. one of the reasons I saw this project was because they boldly embraced the less popular TRON smartcontrac platform. Instead of using the commonly used ERC20, they did quite an interesting breakthrough.

I think That's enough for me for now. If you are interested in this project you can visit the official site or if you want to discuss and want to find the latest information you can visit their telegram group, I will include the link below.

Website:  https://www.feroxadvisors.com
Media:  https://frx.medium.com/
Twitter:  https://twitter.com/feroxadvisors
Github:  https://github.com/opentron/opentron
Telegram:  https: //t.me/FRXalpha
Whitepaper:  http://ferox.ml/wp/FRX%20White%20Paper%201.4.pdf

Username:TWIXXER Link: https://bitcointalk.org/index.php?action=profile;u=2579938

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