Bitforex Token (BF) is token issued by BitForex Exchange, it is the proof of platform ownership. BF are issued mainly through trade mining, community and ecosystem mutual construction, and being released gradually. BitForex will use 80% of the trading fees as BF buy-back. In the future, BF holders will have the right to participate in platform building major decisions and community management.
Ferrum is a DAG-based interoperability network that connects to any blockchain and works natively with fiat currencies. It’s like the Lightning Network but for every blockchain. The advanced financial products that run on the network - like our West African fiat gateway (Kudi Exchange) and non-custodial cross-chain OTC wallet (UniFyre Wallet) - aim to empower millions of people around the world. Our network and products are powered by the FRM token, which is spent and burned with every transaction. And coming in later 2020, a high-speed cross chain DEX and mobile cold store application.