FEROX
Introduction
The blockchain industry and cryptocurrency space are continuously growing and gaining profound significance across different industries. Since the inception of the technology, the market has seen a plethora of projects and companies, powered by blockchain, introduce their network and market their services to attract potential investors and organizations. Owing to the advanced and improved features and applications available and provided through cryptocurrency and blockchain technology, nearly all industries, especially financial companies, are adopting the systems. The widespread utilization of digital currencies in our current social and economic community has created a noteworthy print and effect on most payments and monetary systems across the globe. Financial transactions and series of exchanges involving the use of cryptocurrency take place with the backing of blockchain technology.
The potency and effectiveness of the use of cryptocurrencies to perform these varied payments and transactions rely on the use of smart contracts and cryptographic formulas. Both of these technologies are responsible for validating the information on each transaction and ensuring maximum security and confidentiality of their details. They are encrypted in the blockchain network and this enables adequate protection for the value of each digital asset against every form of cyber-crime, fraudulent activities while safeguarding the identity and personal information of its clients.
Ferox project is developed on the TRON blockchain network; hence, the smart contract that enables the use of the tokens for payments and transactions is likewise supported by a TRC20 contract. The founding owners and development team of the Ferox network decided to develop their smart contracts and cryptographic formulas on the TRON network because it offers increased transaction speed and efficiency. Another reason for entrusting TRON as their principal platform is that it offers a direct connection of the Web 3.0 interface to the TRON blockchain with remarkable ease and simplicity. Ferox is confident of the efficacy of its smart contracts owing to the outstanding results of TRON on several gaming enterprises that deliver analogous betting systems to binary alternatives and spreads, as they also intend to implement these advanced widgets and features on their website.
Another important use of the Ferox network smart contract concerns the betting exercises on the platform. The smart contract and cryptographic formulas oversee the betting processes and how the rewards for bets won are distributed. Users can perform betting exercises on the Ferox platform using either the FRX or TRX tokens, however, the development team, using smart contracts, made the reward for either token differ. The Staking on the Ferox platform can be done directly on the price of either of the two most popular cryptocurrencies – Bitcoin or Ethereum – or several other digital currencies. The payout procedure for betting with FRX will be determined by a peer-to-peer distribution plan. Ferox smart contract enables this plan to accumulate all the betting performed by each user using the FRX token for a specified period and sends the total amount to the wallet address. Generally, the smooth running of the features and benefits on the Ferox platform is governed by the TRON contracts.
Mission аnd Vision
Apart from participating stocks in hedge funds, FRX will be the token of choice for betting directly from the Ferox Consulting website. This bet will be a dynamic version of Binary options (or bet on adjustable spreads), the user will be able to make daily predictions about the direction of the rise or fall of the prices of major cryptocurrencies and commodities such as gold, silver and crude oil and participate in the payment structure guaranteed by the contract smart via FRX token.
Profits from betting activity will also be accumulated on the owner's FRX token every month. In addition, FRX tokens will feature standard DeFi, productivity farm and liquidity exploitation, adding FRX and TRX dividends will be paid to users installing FRX and FRX pairs via our DAPP with their web 3.0 wallet.
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