Ferritecoin (FEC)

24h Change +23.07%

24h High $0.001000

24h Low $0.000645

24h Volume $128

Max Supply: 0

Circulation: 20,059,000

Market Cap: $15,720

FEC
USD

Listing Date:
1679116694568

Network:
Multiple (See Below)

Asset Type:
Coin

This Asset Has Multiple Networks

Name: Ferritecoin

Ticker: FEC (FEC-MAIN)

Blockchain: Ferritecoin Main Chain

Confirmations Required: 100

Withdrawal Fee: 0.0000041 FEC

 

Main Net

Name: Ferritecoin

Ticker: FEC (FEC-BEP20)

Blockchain: Binance Smart Chain (BSC)

Token Type: BEP-20

Confirmations Required: 10

Withdrawal Fee: 130 FEC

BEP-20

Primary Markets (3 active)

Total Market Volume: ~$129

Liquidity Pools (4 Active)

Total Pool Liquidity: ~$848

Market Volume
$87.11
$37.23
$4.23

Reserves

Deposit (FEC-MAIN)
Block #200597 @ 12.36 min ago

Balance: 23380.46981639

Updated: 2.86 min ago

Withdraw (FEC-MAIN)
Block #200597 @ 12.36 min ago

Balance: 6160891.88248739

Updated: 2.86 min ago

Safe (FEC-MAIN)
Block # N/A

Balance: 0

Updated: 424558.89 min ago

Deposit (FEC-BEP20)
Block #42355240 @ 0.47 min ago

Balance: 117374.20080487

Updated: 0.47 min ago

Withdraw (FEC-BEP20)
Block #42355240 @ 0.47 min ago

Balance: 1739796.80038362

Updated: 0.47 min ago

Safe (FEC-BEP20)
Block # N/A

Balance: 0

Updated: 424558.88 min ago

FEC Ratio
100.61%
Customer Net Balances
7,992,855.726
XeggeX Net Balances
8,041,443.353

Highlighted Assets

Market Cap: $320K $0.751

Market Cap: $15.2K $0.000234

Market Cap: $4.91M $0.000654

Top Volumes

BTC/USDT
Bitcoin

Volume: $205366 $60652.49

ETH/USDT
Ethereum

Volume: $151946 $2323.79

MOTA/USDT
MotaCoin

Volume: $111040 $0.001539

Biggest Gains

FAAM/XPE
Fishfarm RWA

+350.00% $0.00013731

DROGGY/USDT
DROGGY

+200.00% $0.00000001

ETNT/USDT
Etntpow

+118.13% $0.000698

About Ferritecoin

Design Of Ferrite
- Utilitarian
Common metal intended to be used as "bad money" under Gresham's Law.
- Low value allows for cheap entry
Ferrite is to Litecoin's silver and Bitcoin's gold.
- Plentiful yet rare supply
Total supply is 60.22m which is ~3x larger than Bitcoin's 21m but smaller than Litecoin's 84m.
- Practical
Block time of 60 seconds where block latency is negligible yet transactions are confirmed fast.

Why create another altcoin?
- Most coins have overly inflated prices and therefore a high barrier to entry.
- A desire to create a faster, better coin which addresses the challenges brought about by low confirmation times.
- To learn and experiment with cryptocurrency without worrying about the finances.
- To create another coin with a fair start and zero premine.

Ferrite is a new proposal to optimize the transaction speed and cost of Bitcoin and Litecoin, with a block time of 60 seconds and larger block size of 4MB. (10x faster than Bitcoin, near zero fees) Similarly, it is an electronic cash system that operates on a peer-to-peer network and eliminates the need for a trusted third party. These systems aim to solve the problem of double-spending through the use of digital signatures and a proof-of-work mechanism using hashing algorithms such as SHA-256 and Scrypt that creates an ongoing chain of timestamped transactions that cannot be altered as a secure evidence of the sequence of events generated by the hashing work of miners in mining pool nodes. Ferrite is designed to have a low barrier to entry to allow for mass adoption and seeks to be the ferrous base metal digital equivalent of Litecoin's silver and Bitcoin's gold.