Introducing our Single SPO Staking Pool Program

Community Space

Spores Network

3 min readSep 20, 2021

We are thrilled to finally announce our Single SPO Staking Pool Program in partnership with Ferrum Network.

Spores Staking Pool Info

Staking starts on 09/21/2021, 14:00 UTC
Platform: https://staking.spores.app/
Staking pools will be open for 10 days
90 days staking until full maturity
30 days mandatory lock
Early Rewards Return 8% APY
Maturity Return 30% APY

Please refer to the detailed information below from Ferrum Network.

Staking $SPO Through Ferrum’s Flexible White Glove Staking Service

With the emergence of DeFi and the appeal of passive income, staking has taken on a fresh new relevance. Unfortunately, staking and liquidity farming has been chiefly reserved for big-cap projects with mainnet, leaving hundreds of exciting new projects with few flexible options to offer staking and liquidity farming for their token.

This gap in the market is why we built our flexible DeFi Staking Platform. Participants lock their tokens and earn high yields based on the length of time staked. It’s like a decentralized high-yield bank account, with maximum customization for projects and flexibility for participants!

Projects like Spores Can Customize Their Staking to Fit Their Needs

Each project and community has unique token metrics, unlocking schedules, and community concerns. Ferrum Network built its DeFi Staking Platform to be fully customizable to meet the needs of each project.

Thanks to the flexibility offered by Ferrum Network solutions, Spores will be able to launch its Staking program before their mainnet goes live, which will help to increase their token utility while rewarding community supporters and their early investors.

Introducing Buy Backs from Ferrum Network

Ferrum Network will now be reconciling the success of our products and services with the price of $FRM. To share the success of our business with our community and add additional token utility, Ferrum will be conducting token buybacks for every product sold along with bi-weekly buybacks. We will be sharing our progress for each buyback. Projects can also receive discounts for our products if services are paid for in $FRM.

FRM Token Buyback Transaction

Buyback Wallet Address:
0x238882e6ED428ec533d8A9e6F9bf64758E437006

There’s now over 497,975 $FRM in the buyback wallet just from buyback activities & projects paying for our products using $FRM! Stay tuned for more exciting news and updates from our team at Ferrum Network.

About Ferrum Network

Ferrum Network is a deflationary cross-chain Blockchain as a Service DeFi company that specializes in adding token utility and advisory services to projects across the crypto space.

Ferrum builds white-label blockchain solutions that power Startups and established organizations, enabling them to get their product to market faster.

Become Cross-Chain Compatible Today

About Spores
Spores Network founders believe that crypto will lead to decentralization of ownership and frictionless redistribution of capital. Their mission is to create an NFT ecosystem that is creator-centric, community-driven, frictionless, and borderless. To that end, Spores has built a cross-chain DeFi-powered NFT marketplace defining decentralized pop culture, sharing NFT content across gaming, esports, animation/anime, digital fine arts, music, and film/TV. Spores co-founders include Duc Luu (Nasdaq IPOed serial entrepreneur ), Eric Hung Nguyen (former senior investment analyst at a top-10-worldwide hedge fund), and a diverse team of advisors across blockchain and entertainment.

Join our collective. Tell your story. Share our vision, at Spores Official!