Ferox Advisors is a hedge fund established in late 2013
specializing in exchange traded derivatives. Developing our
proprietary trading systems in-house, we made breakthroughs
in different branches of asset management such as algorithmic
scalping, event driven trading, volatility arbitrage, and options
market making, and have expanded into crypto currency trading since 2017.
Ferox Advisors Ltd is a private company and will always remain
as such. There will be no public offering in the traditional sense
of the term. Having noted interest from various sources into
becoming shareholders to participate in all our future cash
flows, we decided to launch a token generation event, so that
investors can both benefit from FRX as a utility token while also
getting entitled to pro-rata profit share from all company activities.
1. Initial Supply and Valuation
There will be a max supply of 700,000,000 FRX tokens ever. At
the first exchange launch (IEO or IDO) 1 FRX will equal 1 TRX,
and only 8.6% of the token supply will be used for Seed
Round Presales and IDO allocations, therefore creating a very natural demand for FRX once it hits the free markets.
Even at its inception when Ferox Advisors received its first
private funding back in 2015, the company was valued at 5
million USD, so taking an average FRX presale value of 0.03
USD, the discounted initial token offering with multiple bonus
tiers on the seed round capped at 750,000 USD will be at a
great advantage to early investors.
After listing FRX on a few reliable exchanges and / or DEX’s,
there will be an option to buy directly from the website
equivalent to a weighted average of the market price or initial
quoted price of 1 TRX, whichever one is greater.
2. Emission and Allocations
The circulating supply for the year 2021 will be capped at 200
million FRX tokens. The tradable supply for end of 2022 will
be capped at 400 million FRX, and the remaining 300 million
FRX will be reserved for project development, AMM liquidity,
vested dividends and prediction markets.
Of all the proceeds driven from direct FRX sales, 60% will
always go into the proprietary trading account of Ferox
Advisors, whose profits will be distributed pro rata to all
token holders who stake FRX on a quarterly basis.
9% of all FRX will be reserved to pay developers, 5% for
special events, bounties and promotions, and 25% as
dividends and rewards to token holders. Please see exhibit 1
for the full Tokenomics pie chart.
If at any point, through whatever reason (direct sales,
promotions, etc.), the circulating supply in the market
exceeds the proposed amounts, Ferox Advisors will buy back
the FRX shares from the market to keep the free float within
the proposed limits.
After the initial promotional token sale period, there won’t
be any discounted offers of FRX ever, and the purchase price
from the website of any future FRX tokens will be at least 1
TRX or equivalent to aggregate market price of FRX,
whichever value is greater.
With these stipulations secured by smart contract clauses, we
are confident that the FRX will offer tremendous market
value appreciation as the project unfolds and Ferox Advisors’
industry leading asset management methodologies come into
play.
3. Smart Contract Details
FRX is a TRC20 contract, Tron Network is selected as our
primary platform of choice because of its speed and
efficiency. Also instrumental in our decision was the
convenience to integrate multiple wallets directly to Tron
Blockchain as evidenced from the success of multiple e-
gaming ventures, which offer similar betting mechanisms to
spreads and prediction markets, which we aim to utilize via
DAPP’s on our website.
Directly betting on price of BTC, ETH and various other
commodities will have better odds when users pick FRX
instead of TRX to bet with, the payout structure will depend
on peer to peer distribution of all aggregate bets made on
that underlying for the given time frame.
🍀 FRX Token Seed Round 🍀 is now live with multiple bonus rates (up to 300% based on investment tier). Please send only TRX or USDT (on Tron) to FRX master wallet: TNXJVuvspMGZToiHhqZsXEH3oLTxsUDJCB
and you will get FRX back to your sending wallets according to the following index:
Up to 1000 USD (USDT) investment: 1 TRX = 3 FRX, (eg: 4000 TRX will get 12,000 FRX)
for 1000 USD to 8000 USD: 1 TRX = 3.3 FRX ( 25,000 TRX will get 82,500 FRX )
for 8000 USD to 20,000 USD: 1 TRX = 3.6 FRX ( 75,000 TRX will get 270,000 FRX )
for 20,000 USD and above: 1 TRX = 4 FRX ( 300,000 TRX will get 1,200,000 FRX )
When making a deposit, please use only TRC20 compatible wallets like TronLink & Trust Wallet,
and not exchange addresses.
Equivalent rates converted to TRX apply for ETH or BTC investments; if depositing ETH or
BTC, please send us an e-mail at info@feroxadvisors.com prior to sending the transaction
to indicate the Tron Wallet you wish to receive your tokens in those cases. For sizable investments, we can also prepare a SAFT for you, let us know by e-mail or reach out to us on telegram.
After 750,000 USD Soft Cap is reached, Seed Round will be complete and any further
investments will be returned to the sending addresses. In that event, please wait for a new
announcement here and on our social media channels for the new rates for IDO & listings.
TEAM
ROADMAP
Conclusion
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