Ferox Advisors a DEFI Platform on the Tron network

 


Defi is the best breakthrough at the moment, because of this concept many new investors have come to the cryptocurrency world. defi changes the way people see the financial system. if in years past they had no choice and tended to accept the existing system. but now it's different, defi is another alternative that can be enjoyed without discrimination. Everyone can use it, and everyone can be a part of this system. many people are already disillusioned with the centralized system, and decentralization has become popular among these people. No more users will be burdened and no more hacking, because defi doesn't need all of that.

talking about defi, currently, there is a defi project that is quite good and good to discuss. that project is ferox advisors, a defi project located on the Tron ​​blockchain network. the project is doing token sales and according to the information I got from the telegram group, they have already raised the initial fund of 750,000 USD and the amount will continue to grow as sales are still going on.

Description of the Ferox Advisors project

Ferox Advisors is a hedge fund founded in late 2013 that specializes in derivatives traded on an exchange. Developing their trading system, Ferox Advisors made inroads in various branches of asset management such as algorithmic scalping, event-driven trading, volatility arbitrage, and market-making options, and has evolved into cryptocurrency trading since 2017.

Ferox Advisors Ltd is a private company and always will be like that. There will be no public offering in the traditional sense of the term. After noting interest from multiple sources to become shareholders to participate in all of their future cash flows, Ferox Advisors decided to launch a token generation event, so that investors can benefit from FRX tokens as utility tokens while also getting the right to a pro-rated share of profits from all company activities.

Ferox Advisors is a hedge fund company that was founded in 2013 that specializes in derivatives that are traded on the exchange. but recently they developed and created a defi project which we know as FRX ferox advisors and decided to launch a token generation event, so investors can gain benefit from FRX tokens as utility tokens while also getting the right to a pro-rated share of profits from all company activities.

their vision is to remove the structure of funds, banks, and custodians from the equation, and provide investors with the opportunity to directly own the shares of a decentralized hedge fund, with no management or bureaucratic fees, while also maintaining their privacy.



the advantages of the ferox Advisors platform

Decentralization
Ferox Advisors platform is fully decentralized, therefore they can eliminate 3rd party intermediaries so that users can manage their funds.

Transparent
As a blockchain-based token, FRX TOKEN is open-source allowing free flow of information between the team and investors, thus providing the simplest transparent platform for investors.

LOW INITIATING FEES
One of the challenges faced by a traditional hedge fund is that it has higher fees when starting up a hedge fund. But with a decentralized hedge fund like FRX TOKEN, high fees are eradicated thereby allowing investors to start a decentralized hedge fund and receive money from investors.

Friendly platform interface
As a decentralized hedge fund platform, it's equipped with an easy-to-use interface for compacting issues involving traditional hedge funds, ensuring there are no challenges in navigating DeFi and its sophisticated investment variations.


ferox 1.png

FRX token details

FRX token is a TRC20 token residing on the Tron Network. it was chosen as their preferred platform for its speed and efficiency. The TRC20 was chosen because of the ease of integrating the Web 3.0 interface directly into Tron Blockchain is evidenced by the success of several e-games, which offer a similar betting mechanism for spreads and binary options, which they want to take advantage of, via a widget on the ferox advisors 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 roadmap development, dividends, and special promotions. So out of a total of 700 million maximum supplies, 300 million FRX will only open on 1 December 2021, a full year after The Token Generation Event.

Standard Feature that exists on Ferox Advisors platform

  1. YIELD FARMING:
    This involves the process whereby users or investors put their tokens into work to generate returns. Yield farming is described as the reward users get from staking or lending their tokens for some time. FRX token employs the best strategy to maximizes users earnings from their first funds.

  2. LIQUIDITY MINING:
    This happens as a result of yield farming. It means getting token as a bonus besides the usual returns. It is the newly generated tokens as the result of users mining.

later on, the ferox advisors platform users 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.


image.png

Conclusion

Ferox advisors is a great decentralized hudge Fund platform. one of the reasons I looked at this project was that they boldly embraced the less popular smartcontrac platform TRON. 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 their official website 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.


Author
jonsen48
https://bitcointalk.org/index.php?action=profile;u=2104689
TLsBuhCz2tvFBhkkBa8v7GxyhV2Y8mNR3R



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