We are thrilled to announce that following an internal Governance Committee vote, we are updating the requirements to gain access into Ferrum Networks GC as follows:
Option A: Hold a minimum of 250,000 FRM/20 FRMx
Option B: Hold a minimum of 750,000/10 FRMx
Starting one week from today (Dec-23), new GC members will be required to satisfy one of the above holding criteria to enter the GC. Existing members will have 6 months from today to meet those requirements and remain in the GC.
Furthermore, exclusive allocations offered to GC members only will now be determined by the member’s FRM/FRMx holdings, using the same ratio/formula applied to our community pre-sales (i.e. the more FRM/FRMx you hold, the bigger your allocation, but capped at 2.5x size differential). These changes are essential to keep the group exclusive and fair while also providing additional FRM/FRMx utility. We hope you are as excited about these updates as we are.
Thank you for your continued support of Ferrum Network!
https://t.me/ferrum_network_announcements/1559