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#82 Ferrum Update on why “We Bought DOT”: Get All the Details on this Initiative with Nick and Joe
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Join Nick Odio and Joe Robinson as Nick gets into details of our recent "We Bought DOT" initiative. Want to know why Ferrum recently purchased DOT, Polkadot's token, watch this video. Ferrum is building it's mainnet, the Ferrum Network, as a parachain on the Polkadot ecosystem and it's test net Ferrum X network on Kusama as a parachain. Nick gets into all the details around Ferrum's strategy to secure parachains on both Polkadot and Kusama and how Ferrum is at an advantage being a legacy project.
If you haven't already please subscribe to our youtube to get the latest on Ferrum Network, Ferrum X network, partnerships and trends and news in the crypto and blockchain space.
00:00 Intro
00:50 Context: Nuances of Dotsama (Polkadot and Kusama) Ecosystem
01:50 Gavin's bet against blockchain maximalism
03:00 Parachains, parachain auctions and crowdloans
05:15 How this deals with the trillema effect
05:40 How the auction ensures quality projects
05:50 What's a crowd loan?
07:00 What's Ferrum's strategy in buying DOT?
08:30 Different strategy for Polkadot verus Kusama, nick explains
10:58 What is a genesis project versus a legacy project
12:08 Ferrum's advantage: were "We Bought Dot" initiative comes in
13:20 Major update: testimony to Ferrum commitment to mainnet
14:10 Exciting things to come with Ferrum X network
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Ferrum Network is a pioneer in ushering in the era of Interoperability 2.0. Powered by the Quantum Portal, Ferrum Network’s mainnet nodes and related infrastructure will bring value, data, and functional interoperability to every chain in the industry. Utilizing the Ferrum Network, anyone can build and deploy solutions on one network and instantly enable multi-chain functionality without the burden or technical debt that comes with managing a multi-chain infrastructure for their dApps, and projects.
Ferrum also specializes as a multi-chain Blockchain as a Service DeFi solutions provider, adding deflationary mechanisms, token utility, and Web3 technology products to projects across the crypto space.
With the mission of breaking down barriers to mass adoption in mind, Ferrum empowers the industry by reducing friction and bringing startups and established networks closer together.
#Ferrum #Polkadot #cryptogem
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