Crucible Overview and Alpha Testing Instructions – Ferrum Network

Where To Mint?

https://crucible-alpha-v2.ferrumnetwork.io/

The password will be shared on #📝alpha-instructions channel on Discord. In order to access this channel you must be an Alpha Tester. Check out this announcement for instruction if you have not applied for it already:
https://t.me/ferrum_network_announcements/1748

Preferred Trade Pairs

cFRM/BNB
cFRM/FRM
cFRMx/BNB
cFRMx/FRMx

Crucible Fees

There will be a 2% transaction fee on every transfer and 0% on unwrapping Crucible tokens (cFRM / cFRMx conversion back to base tokens i.e. FRM / FRMx).

90% of the generated fees will go to the Crucible Rewards Pool (See Rewards Distribution section below). 10% of all generated fees will be burned automatically.

Conditions

Each person should mint a total max of 17000 cFRM using 17000 FRM. There is no fixed max, but if we notice an address exceeding this amount, we will permanently blacklist that address and block them from participating in future Alpha / Beta release program participation.

Each person should mint a total max of 0.7 cFRMx using 0.7 FRMx. There is no fixed max, but if we notice an address exceeding this amount, we will permanently blacklist that address and block them from participating in any future Alpha / Beta release program participation.

NOTE: If you have minted 17000 cFRM and/or 0.7 cFRMx already, you cannot mint anymore even if you have sold that cFRM or converted to liquidity tokens or have done normal staking.

Rewards Distribution

You need to follow the instructions within Crucible and stake some of your minted cFRM, cFRMx. Do not stake all of it as you will need some to create volume. (See Trade Volume section below)

The staking rewards are heavily favored towards LP stakers. i.e folks who will mint cFRM or cFRMx then pair it with BNB and add Liquidity on Pancakeswap, then stake those tokens to farm more crucible rewards such LP stakers get 80% of the rewards generated after burn or (72% of total reward). while regular stakers who stake crucible get 20% of the rewards generated after burn or (18% of the total reward).

10% of all generated fees will be burned automatically.

Trade Volume Flow

To create volume simply purchase, sell, or transfer crucible from one wallet to another. It's almost like a DeFi game. The truly wise arbitrage pro will seize the opportunity to mint cFRM or cFRMx and then sell it into the base token FRM or FRMx to mint more and take advantage of arbitrage.

An even more experienced pro will stake some cFRM and cFRMx LP tokens before doing this so they can earn rewards per transaction while taking profits from arbitrage.

Trading with other pairs such as USDC

As there is a 2% fee per transaction, the CakeRouter (Pancakeswap) isn't able to facilitate trades with regular slippage. So you'll either need to set slippage to 2.1% or higher if the price is volatile or use the preferred pairs for trading.