Home
News
- Ferrum Network has been onboarded as the prominent investor for Bot Ocean’s project to automate the trading of cryptocurrency
- The network is set to launch an ecosystem that will function across multiple blockchains
- Staking technology will also be utilised strategically through this partnership in Bot’s new initiative
Ferrum Network will be joining Bot Ocean’s automated crypto trading enterprise in the capacity of becoming its prime investor.
Bot’s Computerised Crypto Trading Project
Bot Ocean is working on the development of cutting edge trading tools and bot systems to computerize crypto exchange and attune users belonging to all experience levels. They are building upgraded algorithms for trading tools, which will permit brokers to browse a wide scope of exchanging bots.
The crypto trading-bot provider has partnered with Ferrum Network. The latter will be joining the team as a prominent investor. It will also be extending support in terms of providing staking technology to the new project.
Ferrum is ready to launch a decentralised finance (DeFi) ecosystem. This will operate over numerous blockchains. The elimination of obstructions which prevent widespread acceptance of crypto tokens will also take place. It will be enabled by the network’s user-friendly products oriented toward staking. The incorporated directed acyclic graph (DAG) will facilitate transactions of cryptocurrency within milliseconds. This can be done with a near-zero processing fee, which adds significant value to the network.
Ferrum Is Already Transforming Crypto Tech
The UniFyre Wallet introduced by Ferrum Network has paved the way for crypto-tech evolution. People can send and receive digital coins with the “Link Drop” technology included in the wallet. It has also initiated free of risk over-the-counter swaps which are encrypted in a link that can be shared.
The staking service will be utilized by Bot’s initiative, which is claimed to be the fastest and most protected way of transferring digital assets between Binance and Ethereum’s blockchains.
Bot Ocean centers around democratizing the algorithmic cryptographic money market. They are extending the freedom to utilize powerful exchanging means to developers that will assist them in exploring the market. It gives the most impressive trading bots that can dominate human exchanging systems by testing them against gigantic authentic information. Without much of a stretch, users can blend-and-match different exchanging techniques and make their significant portfolio, subsequently beating the customary crypto market.
The association will fuel over 50 projects. All of them would employ Ferrum’s innovation in terms of staking technology. They would also include more than $20 million TVL across its DeFi staking convention. In this way, Ferrum Network is considerably more than simply a staking platform for Bot Ocean. Both the stages will cooperate to make a vigorous blockchain foundation that will encourage other financial investors to put resources into the development of DeFi.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
