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wrapped-ferrite

BEP-20 Binance Smart Chain Mainnet

Contract Address: BSCScan
0xA846ab3673dfb3d27F81EcFe5BcA79c06120eE6D

Inactive

ARB-20 Arbitrum One Mainnet

Contract Address: ArbiScan
0x09bf659Db25522bc9c367163966f35ac268e5b75

Community group links

telegram-logo Ferrite Core reddit-logo r/Ferritecoin discord-logo Discord twitter-logo Twitter

Trading information

Trading information links

Name Type Link Description
CoinPaprika Info FEC Price, Charts, Markets Price information and charts
LiveCoinWatch Info FEC Price, Charts, Markets Price information and charts
Trading Information Info Trade Ferrite coin Price history, available FEC trading pairs, funding contributors
PancakeSwap DEX Trade WFEC on Pancakeswap (BEP-20) BEP-20
Uniswap DEX Trade WFEC on Uniswap (BEP-20) BEP-20, ARB-20

Blockchain information links

Name Link Description
Website View Ferrite website with mining calculator
Ferrite Core View The coin that Wrapped Ferrite is pegged to

Wrapped Ferrite is a token that represents Ferrite on another blockchain.

wrapped_ferrite_banner

Introduction

Wrapped Ferrite (WFEC) enables Ferrite (FEC) to be cross-compatible on multiple non-native chains to allow interoperability with the decentralised applications built on the various corresponding blockchain networks. Wrapped Ferrite is currently available on Binance Smart Chain and Arbitrum One.

Users can "wrap" their Ferrite and transact WFEC, which is pegged to and redeemable on a 1:1 basis with FEC. This allows Ferrite to interact with applications and smart contracts on other blockchains. This operates as a bridge for Ferrite to access decentralised finance (DeFi) applications, and for the decentralised applications (dApps) to gain additional liquidity.

Expanded utility of Wrapped Ferrite

Proof-of-Work cryptocurrencies such as Ferrite do not have staking support, a way for users to generate coins by holding funds in order to secure a Proof-of-Stake network. Ferrite investors can now stake WFEC on the various blockchains to earn a passive income.

Wrapped Ferrite can also be used for swapping, or as collateral for borrowing and lending for other tokens within DeFi platforms from a selection of networks.

Tokenomics

WFEC Supply Total: $$\text{𝔽 }3 502 000.94566769$$

WFEC BEP-20: 𝔽 3 499 999.99995809

WFEC ARB-20: 𝔽 2 000.94570960

Summarised detail: (Tentative, accurate as of 4 Jun 2024)

Signed Reserves:

$$\text{𝔽 }1 400 000.10000000$$

Eligible in Liquidity Pools, exchanges:
FEC: 𝔽 2 492 367
wFEC: 𝔽 330 925 USDT: ₮ 497

Current reserve ratio
Registered
FEC: 40.00%

Proof of reserves (registered)
Ferrite Address:
FWrapBEPabVWRMTU6uWjHiBaba9S1mejcR
Message:
This signature proves the ownership of the address and authorisation of its funds for Wrapped Ferrite reserve purposes.
Signature:
H7y9hqbu+0qQVwFGZ+0S6sAyeXqUE/9AP8waei2/8XaxMDHpF97RkL0L6r0pn8d2jtHO7M3An6hCAV58+nbvvF0=

wrapped-ferrite-main-512px

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