What is Fusion (FSN)? Complete set of FSN cryptocurrency

The expansion capabilities and Cross-chain interaction are highly sought-after factors in blockchain projects. Many platforms have emerged to provide solutions for these issues based on this awareness. One of the notable names in this field is Fusion (FSN). What exactly is Fusion (FSN)?

What is Fusion (FSN)?

The Fusion (FSN) blockchain platform offers various services such as Cross-chain, Cross-organization, and Cross-data source through the use of Smart Contracts. The project is designed to cater to both general users and developers in the modern financial industry who are interested in applying blockchain technology to their businesses.

The Fusion initiative was established by the CEO of BitSE – a company renowned for its successful development of blockchain technologies such as QTUM and VeChain. On June 30th, 2019, the main network of the Fusion project was launched. Presently, the Fusion Foundation is the governing body responsible for the management of this initiative.

What is the objective of Fusion?

Fusion’s objective is to resolve the primary issues that are currently being faced by blockchain technology, specifically in terms of interactivity and scalability. Their goal is to create Smart Contracts that can operate effectively on multiple different blockchain platforms, thereby enhancing cooperation and data sharing among financial organizations via their individual applications.

Simultaneously, this network also integrates the value of various tokens across multiple blockchain platforms, providing a comprehensive API toolkit that includes a diverse range of data sources both on and off platform which organizations can utilize for their specific purposes.

Fusion employs the Hierarchical Hybrid Consensus Mechanism (HHCM), which is based on a combination of Proof of Work (PoW) and Proof of Stake (PoS), to achieve its objectives. Additionally, Fusion utilizes parallel computing by grouping nodes together, which results in a highly efficient and safe platform.

The Technology Behind Fusion

Internet of Values (IoV)

The term Internet of Values (IoV), as featured in Fusion’s Whitepaper, primarily discusses issues related to the field of cryptocurrencies, such as safe and intermediary-free exchange and management of various assets.

Distributed Control Rights Management (DCRM)

Distributed Control Rights Management (DCRM) represents a security layer which safeguards all cryptocurrency assets locked on the Fusion blockchain. By implementing a distributed and separated storage of private keys, DCRM ensures that no one is able to access the assets, including all nodes.

Crypto Financial Smart Contract (CSC)

A Crypto Financial Smart Contract (CSC) is a financial transaction agreement between one or more types of cryptocurrencies that are mapped on the Fusion blockchain through the Lock-in process.

Multiple Triggering Mechanism (MTM)

Alongside its traditional transaction activation mechanism, Fusion has integrated a time and event-driven activation mechanism into its Smart Contracts. These three activation modes have been developed to suit the demanding needs of complex Financial Smart Contracts and have been designed to originate from various scenarios.

Hierarchical Hybrid Consensus Mechanism (HHCM)

The HHCM protocol incorporates features from both Proof of Work (PoW) and Proof of Stake (PoS) consensus mechanisms, utilizing parallel computing to group nodes for optimized efficiency, security, scalability, and other related aspects.

CryptoFinancial Functions

DCRM enables various digital assets to interact on the Fusion platform, thereby allowing CSC to apply more complex functionalities such as Multi-role and Multi-token with greater sophistication.

The multi-role capability of Smart Contract allows it to support various types of accounts and determine the interactions between multiple users and Smart Contracts simultaneously.

The concept of multi-token communication involves defining simultaneous relationships between various assets using a Smart Contract, after said assets have been mapped to Fusion through the Lock-in process.

The salient feature of Fusion

• The decentralized custodian model enables cross-chain interaction capability, which enhances the efficiency and security of transactions in the digital asset ecosystem.
• The Time-Lock feature is a unique functionality of Fusion that enables users to capitalize on the value of time from their digital assets.
• Smart Contract: The enhanced compatibility of Fusion’s Smart Contract with Ethereum is being accomplished.
• The security aspect entails the distributed management and control of individual keys utilizing the DCRM technology.
• The expandability of the network is achieved through the use of decentralized, resource-efficient, and environmentally-friendly nodes.
• Achieve efficient asset management by leveraging Fusion’s FRC-20 protocol to create, manage, or lend your own digital assets and NFTs.
• Staking: The Staking operation of Fusion is compatible with Ethereum and has been optimized for improved efficiency.
• Developers are offered a friendly environment to create applications with a comprehensive API package designed primarily for financial sectors.

Applications of the Fusion platform

Diversity of benefits of digital assets

Various financial instruments such as bonds, options, futures contracts, and restricted stock execution can be created by separating ownership rights of assets over time.

Create an exchange

Regardless of whether you engage in OTC transactions, individual exchanges, centralized or decentralized trading, Fusion’s suite of tools will assist you in establishing a low-cost trading platform for the assets you select.

Software licensing

Fusion provides support to developers for licensing and copyright payment of software/applications as well as creative content such as media.

Learn about the FSN token

What is FSN token?

The FSN token is a utility token utilized within the Fusion ecosystem, and is an essential component that enables access to all of the financial features and transactions on the network.

The intended uses of the FSN are:

• Transaction Fee: FSN is utilized as a means of remitting transaction fees within the Fusion network as well as fees incurred through the utilization of its tools.
• Block Rewards: The FSN token is designed as a reward block for miners, facilitating safe and stable operations and security measures for the Fusion network.

Furthermore, FSN can be utilized as a means of payment for both License Fee and Lending services.

Fusion Coin (FSN) Basics

• Ticker: FSN
• Contract: 0xd0352a019e9ab9d757776f532377aaebd36fd541
• Decimal: 18
• Blockchain: Ethereum
• Token Standard: ERC-20
• Token Type: Utility Token
• Total supply: 81,920,000 FSN
• Circulating supply: 30,667,100 FSN

FSN Token Allocation

With a total supply of approximately 82 million tokens, Fusion (FSN) is distributed proportionally by the development team as follows:

• 30% is spent on mining (Mining).
• 25% is released to the market through the Public Sales round.
• 10% is held by Fusion Team development team.
• 10% is sold through the Private Sales round.
• 10% is Fusion Ecosystem’s ecosystem development budget.
• 10% as Angel Fund to support projects developed on Fusion.
• 5% is used as a Reserve fund and is held by the Fusion Foundation.

Token Sale

Fusion has successfully garnered a considerable amount of funds through two rounds of Private Sales and Public Sales, with 35% of the funds being raised via ICO.

What is the intended purpose of utilizing the Fusion (FSN) technology?

Currently, the sole purpose of using FSN is for receiving Staking Rewards. It is evident that despite being a part of the Fusion ecosystem, Fusion (FSN) has not yet been widely utilized. However, as it is a Blockchain Platform, once the Mainnet is complete, the FSN token will serve as a fundamental part of the blockchain platform.

Transaction Fee

The FSN token serves as a payment method for transaction fees within the Blockchain network of Fusion.

Block Rewards

The issuance of FSN as a block reward for miners serves to enhance the operation and security of the Fusion network by promoting safe and stable system transmission. Moreover, FSN can also be utilized for License Fee and Lending payments.

Secure Fusion (FSN) Storage Wallet

Currently, it is possible for individuals to store FSN on Ethereum wallets such as:

• Web Wallet: Mycrypto, Myetherwallet
• Hardware Wallet: Ledger Nano S, Trezor, imToken
• Extension: Metamask

In addition, Fusion is currently developing their own type of wallet, myFusionWallet. Once FSN is launched on Fusion’s Mainnet, users may store FSN in this wallet. Alternatively, trustworthy exchanges also provide the option to trade and store FSN.

Fusion Exchange (FSN)

After being in existence and developing for over 15 months, Fusion (FSN) has gained support for trading on multiple exchange platforms.

The total trading volume of FSN in the last 24 hours has exceeded 2 million dollars, indicating an acceptable level of liquidity. Specifically, FSN token is primarily traded on the Bitmax exchange, accounting for 46.9% of the total trading volume.

Fusion project developers, investors and partners

Development team

• Dejun (DJ) Qian (CEO & Founder): Dejun, who was previously the CEO of Kernel Blockchain Technologies and regional general manager of IBM, also holds the position of CEO at BitSE.
• Josie Jiang (Direction of Operations): She is a former Operations Director for USING Media and concurrently serves as the CEO of the Beijing Blockchain Application Association (BBAA).
• Guochang Xu (Technology Director): He holds the title of Founder at Guangdong Linux Center OS and also serves as a manager for a national project in the field of science and technology.
• Zhaojun He (Research Fellow): He possesses over ten years of extensive expertise in the research and development of Linux R&D. Furthermore, as a former technical director at China’s leading security operating system, Zhaojun’s prowess in this regard is unmatched.

Investors

Some of the major investors in the Fusion project include 42 Fund, Block Ventures, BlockWater Capital, Carnaby Capital, Continue Capital, Gama Capital, InterCrypt Fund, Midgard Ventures, among others.

Partner

Fusion is presently engaged in a collaborative partnership with a number of projects, namely Chainge, Waves, Readio, Anyswap, Fantom, Chainlink, and Cortex, among others.

Fusion project development roadmap

1st quarter of 2021

• New website launch
• Enable Quantum Swap and Time-Lock functions for FRC20s

2nd quarter of 2021

• Supports the ability to quickly exchange between networks through Anyswap.
• Updated automated workflows for connecting new assets to Fusion on Anyswap.
• Reopen Swap Market

3rd quarter of 2021

• Launching Halving for the first time
• Chainlink Oracles integrated with DCRM
• The DCRM gateway will be integrated directly into the Fusion network
• More storage wallets that support the Fusion network

Quarter 4 of 2021

• Check the network again to proceed with the upgrade after the halving.

Conclude

The foregoing provides a comprehensive overview of the cryptocurrency Fusion Coin (FSN). It is hoped that this article will equip readers with useful knowledge about FSN coin. If you have any inquiries or wish to share your expertise on FSN cryptocurrency with us, please do not hesitate to contact us through the comment section below, and we will respond promptly.