I just wanted to start and say I’m thankful for all what the Ferrum project has done for me. From the team to the Ferrum community; THANK YOU! Ferrum has given me the financial freedom I was looking for and here is my story!
I started my Crypto journey in May 2020, just about a year ago when I decided to invest in cryptocurrency. I had about $35,000 in my bank, and as a newbie one of the many common cryptocurrencies people invest in was XRP. I invested in XRP after watching some hype YouTube videos. I had very little experience in crypto. I never understood what Ethereum was and just thought of it as another shitcoin (lol). I totally missed out on researching real and legit projects and didn’t really understand what total supply / circulating supply meant. With time all this became familiar to me and I learnt more and more as I kept digging deeper into the crypto field. I came to realize that XRP was not the coin I wanted to invest in. I have seen several negative comments and videos about it which made me uneasy and therefore I sold my XRP to Chainlink a more solid project with a real huge use case.
I fell in love with Chainlink and up to this date I believe LINK could be a top 5 coin so I invested some money into LINK, Tezos, XLM and ETH. A month later I moved all my coins into LINK and ETH and quickly after that I moved everything to LINK and by that time I barely had any savings in my bank account, it was all in Chainlink. I bought LINK when it was $4 and at that time It went up to around $6+.
One day while I was reading twitter about what the link marines usually say about $LINK I came across this tweet
And this brought Ocean Protocol to my attention and I started to do my research about Ocean and not far off I made my decision to switch ALL my LINK to Ocean which was 0.09c back then!! My strategy to making money is to go “ALL IN” (Risky) and try to grab coins with potential that cost a few cents, by this I can grab many ocean tokens and if the price goes up slightly I make a lot of money. By that time I had 5k LINK which gave me a total of 318,000 Ocean tokens. To me, the more tokens I have in projects with potential to move up the ranks can make me more money and faster!
I stayed in Ocean up until November 2020 and by that time one Ocean costed 0.5c so I made some money, but I have also lost quite some money with all the defi hype back in August 2020 and many projects that rug pulled. I was a victim to one of those projects, so all in all after some investments here and there I had around 120k Ocean tokens left at 0.5c each by November 15. I was still in profit but I lost like half my stack in bad investments I made.
In November I started to feel bad with losing a lot of money and I wished one day I will go back to the original stack I had of 318,000 Ocean tokens, but didn’t know how I can do that. I got to take another risk with another project that can make me money. I started to do my research until I saw Ferrum Network in Mid November when it was 0.03c. I joined their telegram channel, asked questions and seen how active Ian was in chat, and to me that was comforting. I have seen several of his interviews on YouTube and it made me even more comfortable. I always wanted to join a legit project that will give me passive income. I got burnt a lot from the defi hype in 2020 and at that time Ferrum had introduced FRMx and the monthly rewards was in place. I believe November 2020 was the first month for the monthly rewards. It got me really interested, so I played a lot with the calculator to calculate what my income can be if the Ferrum price appreciates to an x amount. It was very tempting to me. And literally that was the very most important reason for me in joining Ferrum was the monthly rewards. I personally never invest in tokens that cost more than a few dollars, and I would prefer tokens that are a few cents, It’s riskier but with more gains if it goes well.
So what I have done is spent half my ocean tokens around 60k to by FRM and that got me around $1m Ferrum tokens and the other half of my ocean tokens I spent on FRMx which back in November costed $300 a token, so I grabbed myself 90 FRMx. I WENT ALL IN FRM & FRMX.
I took the risk once again to go all in, but this time in Ferrum, I felt this was the project that will make me rich, they were transparent, the chart looked bullish, the supply is great and most importantly the team behind the project and it wasn’t a scam. Ian was one of the main reasons that made me invest he was transparent in answering all of my questions.
So we are now in April, 2021 and I’m still around, one of the biggest whales in FRM at this time and as we can see how the Ferrum price appreciated (0.9c) and my monthly rewards at this time is just about $20k USD from FRM/FRMx alone. I can’t be more thankful, but also proud to take this risk and get into this project. From around a 60k USD investment (ALL I HAD) in FRM/FRMx in November 2020 (5 months ago) now I’m closing in on $3.5m USD in profits. The risk and belief I had towards this project paid off!
Now look at what we have, FAS incubating projects with guaranteed allocations, monthly rewards and a lot more! Ferrum turned out to be a money making machine for me, and forever I will stay loyal.
I would like to thank the Ferrum team, the governance committee members and the Ferrum community for making this happen. I couldn’t ask for more!
Don’t forget…. ‘Risk it’ ;)
Totto
#MyFerrumStory
