Ferox Advisors is a hedge fund company that focuses on trading derivatives since the year 2013. This hedge fund company started off within themselves, and grew to manage different branches of assets such as options market making, and since then, they've extended into crypto trading which began in 2017. The platform has also undergone some changes to better serve their investors, and at the end of the day, the investors on Ferox Advisors are smiling to their banks. Here in Ferox Advisors, hedge funds in general, they remove the idea of banks, managers, structures, and fully allows the investors to handle funds directly from a hedge fund company; a decentralized hedge fund company in this case, with no management or complicated fees involved. They also try their best to maintain the privacy of their investors, which gave rise to the introduction of the platform's token, FRX token.
Smart contract and Tokenomics
About 700,000,000FRX tokens will be supplied in history, and at the time of the launch, 1FRX will equal 1TRX. Out of the 700,000,000FRX tokens to be maximally supplied, 400,000,000FRX tokens will be minted for initial sales and shared in a year. Ferox back in 2015 had already made a name for itself with its value as 5 million USD when it received their private funding. With the present value of TRX as 0.02USD, early birds of the platform will be lucky to enjoy the intitial token offering of Ferox Advisors. After reliable exchanges or decentralized exchanges start listing Ferox Advisors, there would be an option to directly buy the token on their website which is equal to the average market price of 1TRX, whichever of them is greater.
200,000,000FRX tokens will be the circulating supply for the year 2020. The tradable supply of the FRX tokens at the end of 2021 will be at 400,000,000FRX tokens. The remaining 300,000,000FRX tokens will be kept specially for developing the roadmap and for further advancements. So, of the total 700,000,000FRX maximum total supply of FRX tokens, about 300,000,000 of them will be locked, and will only be available on the 1st of December 2021 which will make it a year after an event that will be held for the generation of the tokens.
The profits gotten from the sale of the FRX tokens will be shared to the proprietary trading account of Ferox Advisors(60%), and from there, they would reward their token holders of FRX token in a quarterly basis. 10% of all the FRX tokens will be distributed to pay developers, 8% will be kept for special occasions, and 10% for token holders reward. If the circulating supply of the FRX tokens in the market surpasses the supposed amounts for any reason, Ferox Advisors will purchase the FRX tokens back in order to balance the plan. Investors should also note that Ferox Advisors is never going to be offering any discounted sale of FRX after the promotional token sales is over. And, the price of any future FRX tokens will be at least 1TRX or the value of FRX according to the market, whichever of them is greater.
FOR MORE INFORMATION :
Website : http://feroxadvisors.com/frx
Twitter : https://twitter.com/feroxadvisors
Telegram : https://t.me/FRXalpha
Medium : https://frx.medium.com/
Github : https://github.com/opentron/opentron
AUTHOR
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