Presenting Ferrum Network’s ‘Guess the X’ Lottery

Ferrum Network presents, Guess the X Lottery!

We’re happy to announce the newest trend on the blockchain: guess how many X’s our project will do, and win $FRMX tokens! Put your money where your mouth is with Guess the X Lottery, exclusively by Ferrum. Read about the rules and how to play below!

Dear Ferrum Community,

As many know, we are always thinking of ways to innovate and add value to our ecosystem. In keeping with that tradition, we are thrilled to introduce the Guess the X Lottery — a fun new way to guess the returns on upcoming pre-sale projects and win FRMx as rewards!

Overview

Here’s how it will work. All those who qualified to pledge for a particular project will be sent the Guess the X Lottery form — starting with Netvrk. For those who are interested in participating, simply fill out the form in 36 hours, contribute your .02 FRMx to participate, and your “guess” will be registered. For those not interested, feel free to ignore the form.

The objective is to guess the amount of X’s (multiples from launch price) the project being launched will do within the first 24 hours (all time high within the first 24 hours). Whoever will guess the number of X correctly will win 80% of the participant contributions.

If there are more than one winner, they will split the 80% equally amongst themselves. The remaining 20% will be recycled in the Ferrum Eco-System such as Staking Rewards and Monthly Rewards.

If there are no winners, 50% of the participant contributions will go to the closest guess participants. The remaining 50% will be recycled in the Ferrum Eco-System such as Staking Rewards and Monthly Rewards.

Rules and Examples

Please make sure to familiarize yourself thoroughly with the rules and winning conditions below:

You must fill out the form correctly. Failure to do so will forfeit your participation.

You must complete and send the form within 36 hours of the announcement. If you did not send the form in time, your participation will be forfeited.

The objective is to guess the amount of X’s the project being launched will do within the first 24 hours (All time high within the first 24 hours).

The Project base price is the highest price a Ferrum holder participant in the presale paid for the token.

The highest price within the first 24 hours will be taken from the DEXTOOLS.IO highest volume pair with the token.

We always round the highest price to the penny, and we always round the number of X to the closest whole number. (ie.: 33.5 = 34 and 33.49 = 33)

The number of X is actually the highest price reached within the first 24 hours for the token divided by the base price of the token.

Whoever will guess the number of X correctly will win 80% of the participant contributions. If there are more than one winner, they will split the 80% equally amongst themselves.

The remaining 20% will be recycled in the Ferrum Eco-System such as Staking Rewards and Monthly Rewards.

If there are no winners, 50% of the participant contributions will go to the closest guess participants (e.g. 3 persons guessed 32x and 1 person guessed 34x. The winning amount was 33x. Then the 4 participants will split the 50% equally amongst themselves.

In the no winners scenario, the remaining 50% will be recycled in the Ferrum Eco-System such as Staking Rewards and Monthly Rewards.

There is no holding requirement beyond the holding requirement to get a pledge form. Anyone can participate and for as many times as they want. As long as for each entry they pay the cost of participation.

The cost of participation is 0.02 FRMx.

Example A

Base Price : 0.075$
Highest Price Reached within the first 24 Hours : 4.57$
10 FRMx was contributed to the pool
Gary guessed 61x, therefore Gary is the winner
Gary will be sent 8 FRMx
2 FRMx will be sent to Ferrum and used as future monthly rewards or staking rewards.

Example B

Imagine the highest price within 24 hours was 33x
6 FRMx was the pool size
3 persons guessed 32x and 1 person guessed 34x. The winning amount was 33x.
Then the 4 participants will split the 50% (3 FRMx) equally amongst themselves.
Remaining 3 FRMx would be recycled back to the community

The First Project: Netvrk!

We are proud to announce that the first Guess the X project will be Netvrk!

Website: https://netvrk.co/
Telegram: https://t.me/NetVRk_Official
Twitter: https://twitter.com/NetVRk1

The Base Price

This is the base price, it is the highest price paid by a Ferrum Holder who participated in the Pre-Sale.

Base Price: 0.11$
The Contribution Fee
Fee to participate : 0.02 FRMx

Who Can Participate

All those who were sent a pledge form will be sent a Guess the X Form and have 36 hours to fill it out and participate.

Thank You

We hope you enjoy this fun new way to experience Ferrum Network pre-sales! Thank you for your support!

-The Ferrum Network Team

About Ferrum Network

Ferrum Network is a DeFi ecosystem that interoperates across chains and removes barriers to mass adoption. Ferrum’s cross-chain DAG enables the transfer of any digital asset in milliseconds for near-zero network fees. Its non-custodial UniFyre Wallet has revolutionized the way people send crypto with its “Link Drop” technology and Staking-as-a-Service being used by over 50 projects. Their Token Bridge is the fastest and most secure means of moving assets between Ethereum and Binance Chain.

Website | Telegram | Twitter

About NetVRk

NetVRk is a social virtual world and platform, with powerful creation tools and infrastructure to easily make, share, experience, and monetize creations. With a focus on gaming, education and virtual workplaces, built around ownership of virtual land and assets.

Website | Twitter | Telegram | Telegram Announcement

Netvrk is a metaverse built on the blockchain, with tools that allow you to easily create, share, and monetize your creations using NFTs. netvrk.co