Introducing Ferrum Employee Buyback Pledge.
16 Nov 2022, 14:00
📣 Introducing Ferrum Employee Buyback Pledge💰
🔥As if extending the vesting on Team tokens by two years to a grand total of 8 YEARS of total vesting wasn’t enough!
👍Not only did the team delay the receipt of the tokens promised them, they decided to pledge to buying tokens back off the market.
🤩That shows an immense amount of dedication to the project and confidence in what we’re building. Ferrum is here to stay!
❗️The Ferrum Employee Buyback Pledge is a mechanism that allows the Ferrum team to pledge a portion of their salaries to buying FRM and FRMx.
💥Each month, before the finance team distributes salaries, Ferrum will buyback the corresponding amounts of FRM and FRMx proportional to the amount that each individual employee pledges and send it to the employee along with the rest of their monthly pay.
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