In this article, we will be talking about FRX — a new hedge fund token on the blockchain. This token pays out dividends from its proprietary trading accounts and investors can stake it to receive monthly rewards. Let’s take a look at the project and what it offers!
About the World’s First DeFi Hedge Fund Token
The World’s First DeFi Hedge Fund Token is a first-of-its-kind hedge fund that will allow users to invest in a pool of tokens, exchange them for other tokens, and have full liquidity to cash out at any time. It’s been called the “iFund” for DeFi.
This Tron Network gem, the Ferox Token (FRX), has a modern crypto team behind it and real-world applications with strong intrinsic utility. When FRX was founded by our First Seed Round in February 2021, the total supply of 700 million tokens was locked up, so it’s still an early candidate for a true moonshot in the crypto space. DuckDAO’s launchpad and administration deal with Tron Network has finally paid off for the latter. As a result, $FRX is now the most prominent Tron IDO/launchpad contender. It’s possible for IDO to take place on Tron now that FRX (Ferox Token) is already in talks with BSC about holding it next month. If the IDO (Initial DEX Offering) is held in the United States, the price of FRX is expected to jump 15–20 times from our heavily discounted Seed Round price.
Why Invest in FRX?
FRX tokens represent fractional ownership in the fund, and entitle tokenholders to quarterly dividends. Tokenholders also have access to fund-wide voting rights and may redeem their tokens at any time for a pre-determined “hard” value.
Due to its use of the Tron blockchain, FRX (Ferox) is the world’s first DeFi hedge fund token, offering monthly dividends from the company’s proprietary trading account. The Tron Network’s skepticism about this may have waned in recent months, but it still has some sway among Tron gamers and gamblers. As soon as the launch deal is finalized, prices may rise dramatically due to the Ferox team’s assistance in the migration to BSC.
How to Purchase FRX
To purchase FRX tokens, you will need to go through the usual process of registering an account with a qualified cryptocurrency exchange. You must then transfer funds into your account and proceed to buy FRX tokens by exchanging ether for them.
Different exchanges have different processes for carrying out these steps.
It is expected that only TRC20-compliant dompets, such as TronLink and Trust Wallet, will be used when making a deposit.
Investasi ETH or BTC necessitates a conversion to TRX; if you’re a holder of ETH or BTC, you’ll need to do the same.
Before making a transaction in BTC, please send an email to risk@feroxadvisors.com.
for the purpose of identifying Dompet Tron’s desire to receive your token in the aforementioned case. For large investments, Dompet Tron’s can also provide SAFT to you via email or telegram, so please let us know.
As soon as the Soft Cap of $750.000 USD is reached, the Seed Round will conclude and further investments will be made to the address of the sender. This will occur.
What are the FRX Monthly Dividends?
Every month we will take a snapshot of the FRX Index and distribute the value of the Equity Tokens to our token holders. A report will be published at the beginning of each month and all token holders with a current balance of at least $100 in FRX Tokens on the date of the snapshot will be eligible for dividends.
Conclusion
The World’s First DeFi Hedge Fund Token is a new investment opportunity that offers investors the opportunity to invest in the next generation of investing. The token will be used to buy shares in real assets like stocks, property and other assets like commodities at a fraction of the normal price.
For More Information Visit :
Website : http://feroxadvisors.com/
Twitter : https://twitter.com/feroxadvisors
Telegram : https://t.me/FRXalpha
Medium : https://frx.medium.com/
Staking : https://ferox.ml/
Github : https://github.com/opentron/opentron
Writer :
Bitcointalk Username : apabaka
BitcoinTalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=3373901
Tron Wallet : TFZvqNdXQn6ZpHd4s3B234q49JbL17CUWm
