# wrapped-ferrite

### BEP-20 Binance Smart Chain Mainnet
Contract Address: [BSCScan](https://bscscan.com/token/0xA846ab3673dfb3d27F81EcFe5BcA79c06120eE6D)  
`0xA846ab3673dfb3d27F81EcFe5BcA79c06120eE6D` 

> Inactive
> ### ARB-20 Arbitrum One Mainnet
> Contract Address: [ArbiScan](https://arbiscan.io/token/0x09bf659db25522bc9c367163966f35ac268e5b75)  
> `0x09bf659Db25522bc9c367163966f35ac268e5b75`

## Community group links
| ![telegram-logo](https://raw.githubusercontent.com/gauravghongde/social-icons/9d939e1c5b7ea4a24ac39c3e4631970c0aa1b920/SVG/Color/Telegram.svg) [Ferrite Core ](https://t.me/ferrite_core) | ![reddit-logo](https://raw.githubusercontent.com/gauravghongde/social-icons/9d939e1c5b7ea4a24ac39c3e4631970c0aa1b920/SVG/Color/Reddit.svg) [r/Ferritecoin](https://www.reddit.com/r/Ferritecoin) | ![discord-logo](https://raw.githubusercontent.com/gauravghongde/social-icons/9d939e1c5b7ea4a24ac39c3e4631970c0aa1b920/SVG/Color/Discord.svg) [Discord](https://discord.gg/qKgF5xhS5p) | ![twitter-logo](https://raw.githubusercontent.com/gauravghongde/social-icons/9d939e1c5b7ea4a24ac39c3e4631970c0aa1b920/SVG/Color/Twitter.svg) [Twitter](https://twitter.com/ferritecoin) |
|--|--|--|--|

Trading information
## Trading information links
| Name                      | Type     |Link                                            | Description                                                                |
|---------------------------|----------|-------------------------------------------------|----------------------------------------------------------------------------| 
| CoinPaprika               | Info     |[FEC Price, Charts, Markets](https://coinpaprika.com/coin/fec-ferrite/) | Price information and charts |
| LiveCoinWatch             | Info     |[FEC Price, Charts, Markets](https://www.livecoinwatch.com/price/Ferritecoin-FEC) | Price information and charts | 
| Trading Information       | Info     |[Trade Ferrite coin](https://github.com/koh-gt/ferrite-core/wiki/Trading-Information) | Price history, available FEC trading pairs, funding contributors |
| PancakeSwap                | DEX      | [Trade WFEC on Pancakeswap (BEP-20)](https://pancakeswap.finance/swap?inputCurrency=0xA846ab3673dfb3d27F81EcFe5BcA79c06120eE6D) | BEP-20 |
| Uniswap                    | DEX      | [Trade WFEC on Uniswap (BEP-20)](https://app.uniswap.org/#/swap?inputCurrency=0xA846ab3673dfb3d27F81EcFe5BcA79c06120eE6D)| BEP-20, ARB-20 |     

## Blockchain information links
| Name                      | Link                                            | Description                                                                |
|---------------------------|-------------------------------------------------|----------------------------------------------------------------------------|
| Website                   | [View](https://ferritecoin.org) | Ferrite website with mining calculator |
| Ferrite Core              | [View](https://github.com/koh-gt/ferrite-core) | The coin that Wrapped Ferrite is pegged to |

## Wrapped Ferrite is a token that represents [**Ferrite**](https://github.com/koh-gt/ferrite-core) on another blockchain.

![wrapped_ferrite_banner](https://user-images.githubusercontent.com/101822992/234356712-0d2f1c79-1cd4-4d03-af50-dcd5b8bbcad8.png)

### 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&#8239;499&#8239;999.99995809<br>  
**WFEC ARB-20**: 𝔽  2&#8239;000.94570960<br>  

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

### Signed Reserves:
$$\text{𝔽 }1&#8239;400&#8239;000.10000000$$  

Eligible in Liquidity Pools, exchanges:  
FEC: 𝔽 2&#8239;492&#8239;367  
wFEC: 𝔽 330&#8239;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](https://user-images.githubusercontent.com/101822992/234359307-8ad3a434-9888-4716-a446-25557f8f637c.png)