Fusion (FSN) is a cryptocurrency that powers the Fusion blockchain, a platform focused on interoperability and financial innovation. It uses a unique consensus mechanism called Ticketed Proof of Stake (TPoS) and has a fixed supply of 81,920,000 FSN tokens. The token is used for transaction fees, smart contracts, and staking, offering passive income opportunities. Fusion aims to connect all financial transactions across blockchains and other networks, enabling seamless interactions and exchanges.
The crypto Fusion (FSN) is used in several ways within the Fusion ecosystem:
Staking: FSN can be staked to extract interest while helping to secure the network. Time-sliced FSN is used to buy tickets for a node, which has a chance to win a lottery to sign the next block. The more tickets you have, the higher the chance of winning.
Providing Liquidity: FSN can be used to provide liquidity on the Fusion version of AnySwap or other swap DEXs. This involves creating liquidity pairs with aFSN, which earns fees and rewards in the form of ANY when someone swaps.
Gas: FSN is used as gas to perform transactions on the Fusion blockchain. This is similar to how Ethereum uses ETH for gas.
Smart Contracts: FSN is required to execute smart contracts on the Fusion platform, similar to how ETH is used on Ethereum.
Time-Slicing: FSN can be time-sliced and given to others, allowing them to use it to extract interest and gain a little FSN over time. This can be used for donations or payments without actually losing any FSN.
These uses highlight the versatility of the FSN token within the Fusion ecosystem, facilitating various financial and transactional activities.
To store Fusion (FSN) tokens, you have several wallet options available:
MyFusionWallet: This is the original wallet designed specifically for Fusion. It supports all native Fusion functions, including Time-locks, Quantum Swaps, USAN creation, and Fusion asset creation and display. It can also be accessed through Ledger and has basic access choices like whallet.net, but lacks support for Trezors.
Elastos Essentials: This wallet supports Fusion and Chainge-based FRC759 assets, as well as FRC20/FRC758 formats. It is highly secure with a specific identity DID system and can connect with Wallet Connect, making it useful as a web3 portal.
MetaMask: Although not a native Fusion wallet, MetaMask can be customized to work on the Fusion blockchain. It is particularly useful for handling FRC20 tokens and can connect with AnySwap both in a browser and on mobile phones.
ERC-20 Compatible Wallets: Since FSN is an ERC-20 token, it can be stored in any ERC-20 compatible wallet. Hardware wallets like Ledger Nano or Trezor are recommended for added security.
Other Wallets: There are additional wallets like TokenPocket and Mathwallet that can be customized to support Fusion and other networks.
Klever Wallet: This is a specialized digital wallet designed to store, transfer, and manage FSN tokens, offering a safe and user-friendly experience.
- Adding Fusion to Metamask: You can also add the Fusion mainnet to your MetaMask wallet, allowing you to manage your FSN tokens within the MetaMask ecosystem.
Before choosing a wallet, consider factors such as security, functionality, and compatibility with your specific needs.
To buy Fusion (FSN) tokens, follow these steps:
Choose an Exchange: Select a reputable cryptocurrency exchange that supports Fusion trading and operates in your country. Research and compare exchanges like Coinbase, Binance, and others to find the most suitable one for you.
Create an Account: Sign up for an account on the chosen exchange by providing necessary information, including your email address and a secure password. Complete any required identity verification steps.
Fund Your Account: Deposit funds into your exchange account using a convenient method such as a credit or debit card, bank transfer, or peer-to-peer trading.
Buy Fusion (FSN): Navigate to the exchange's Buy & Sell section and select Fusion (FSN) as the cryptocurrency you want to purchase. You can choose from various order types, including market, stop, limit, and TWAP orders.
Transfer to Your Wallet: Once you've purchased FSN, you can either hold it in your exchange account or transfer it to your personal cryptocurrency wallet for additional security and flexibility.
Remember to research the exchange's reputation, read user reviews, and compare different exchanges to ensure a smooth and secure transaction.
The history of Fusion (FSN) began with an Initial Coin Offering (ICO) in February 2018. During this ICO, Fusion raised more money than its set goal of $40 million, collecting around $70 million. This excess was returned to investors, who then reinvested it into FSN, causing a significant price spike. The token reached an all-time high of $12.60 in May 2018.
Following this initial surge, the price of FSN declined steadily, hitting a low of $0.278541 in February 2019. This decline was partly due to the broader crypto bear market of 2018. However, as the market began to recover, FSN's price started to rise again, reaching $1.26 by June 2019.
In May 2019, Fusion launched its testnet, which introduced the concept of time-locks and marked a significant milestone in the project's development. This was followed by the launch of the mainnet at the end of 2019, which further solidified the project's foundation.
However, the project faced a major setback in August 2019 when the private keys to the Swap wallet were compromised, leading to a significant sell-off and a crash in the price of FSN. The Fusion Foundation acted quickly to address the issue, temporarily closing exchanges and implementing a vote to lock out the unsold stolen holdings from the supply of FSN. This swift action led to a relatively swift recovery in price.
Despite these challenges, Fusion continued to make technical progress, particularly with its interoperability solution, DCRM. The project also saw the launch of WeDeFi, a project built on top of Fusion, which brought new features such as an FSN interest account and SafeBet. Although WeDeFi faced technical issues and was eventually abandoned, it contributed to a rise in FSN's price.
Throughout its history, Fusion has been actively developing its technology, including the launch of its Asset Gateway, which aims to create an interconnected ecosystem of economies. The project's focus on facilitating the transfer of disparate digital assets and improving scalability and interoperability has positioned it for long-term growth and adoption.
Fusion (FSN) is a cryptocurrency that operates on the Ethereum blockchain as an ERC-20 token. It is designed to facilitate interoperability across different blockchains and networks, allowing for seamless interactions between various financial applications and systems. Here's a detailed overview of how it works:
Interoperability SolutionFusion aims to solve the problem of isolation between different blockchain platforms by creating an ecosystem where digital tokens of any class can be transferred and exchanged across different chains. This is achieved through the use of smart contracts, which enable the integration of various blockchain protocols and technical systems.
Hierarchical Hybrid Consensus Mechanism (HHCM)Fusion uses a unique consensus method called HHCM, which combines elements of both Proof of Work (PoW) and Proof of Stake (PoS). This hybrid approach ensures a safe and efficient platform by leveraging the strengths of both consensus mechanisms. Additionally, Fusion employs parallel computing by grouping its nodes, further enhancing the platform's performance.
FSN TokenThe FSN token is used to pay network fees on the Fusion platform and to execute smart contracts. It is an ERC-20 token, which means it can be stored in any ERC-20 compatible wallet, such as hardware wallets like Ledger Nano or Trezor.
Cross-Chain and Cross-Data Source FunctionalityFusion's Distributed Control Rights Management (DCRM) allows for the interaction of different digital assets on the Fusion blockchain. This means that users can store assets on the Fusion blockchain and perform payments for services provided by other projects without needing to use an exchange. The platform automatically converts the required amount based on the user's settings.
Atomic TransactionsFusion's Atomic Transaction technology is similar to the Lightning Network, designed to increase the bandwidth of the Fusion coin and secure instant transactions. This ensures fast and reliable transactions within the ecosystem.
Off-Chain Data StorageTo provide a more affordable and secure way to store data, Fusion uses off-chain data storage. This allows users to store sensitive data in a cheaper and more accessible manner, further enhancing the overall efficiency of the platform.
Mining and ExchangesFusion coin is minable, although there is limited information on how to mine it. The coin can be exchanged on various platforms, including Bibox, Hotbit, IDEX, Liquid, and Ethfinex.
Overall, Fusion (FSN) is designed to create a connected ecosystem for financial transactions, enabling seamless interactions between different blockchain platforms and networks. Its unique consensus mechanism, cross-chain functionality, and atomic transactions make it an interesting project in the cryptocurrency space.
The token Fusion (FSN) has several strengths that make it a fundamentally desirable coin:
Predictable Scarcity: FSN has a fixed supply of 57,344,000 tokens, which ensures that the supply will never exceed 81,920,000 tokens. This predictability is crucial for maintaining a stable and reliable cryptocurrency.
Decentralized Governance: As a mainnet coin, FSN's dynamics are secured by a large number of validators, making it difficult for any centralized party to change the rules at their discretion. This decentralized governance ensures that the network is more secure and resistant to manipulation.
High Interest Rate: FSN is designed to offer a high interest rate, which is maintained through a combination of block rewards and gas fees. This interest rate is expected to remain stable even after halvings, which occur every 2 years.
Multiple Chain Presence: FSN has a presence on multiple chains, including Ethereum, through the use of cross-chain assets like aFSN. This allows for greater liquidity and interoperability across different blockchain networks.
Licensing Model: Fusion's licensing model allows other chains to use its technology, which can lead to additional funds for the Fusion Foundation and a greater lock-up of FSN tokens, reducing their availability for sale on markets.
Cross-Chain Routing: Fusion's integration with Chainge Finance cross-chain aggregation makes it a key router for cross-chain activity, increasing its utility and potential demand.
These strengths contribute to FSN's potential as a reliable and valuable cryptocurrency.
Fusion (FSN) is a cryptocurrency that carries financial risks for investors. According to InvestorsObserver, Fusion receives a high risk rating, indicating that the risks associated with investing in this cryptocurrency may outweigh the potential rewards. This assessment is based on a proprietary scoring system that analyzes the amount of money required to move the price over a specific period, considering factors such as volume and market capitalization. The system aims to identify if a cryptocurrency can be easily manipulated by limited trading activity, with low scores indicating high risk and high scores indicating low risk.
In terms of specific financial risks, Fusion Pharmaceuticals, a separate entity, has disclosed 96 risk factors in its most recent earnings report. These risks are categorized into six major areas: Tech & Innovation, Finance & Corporate, Legal & Regulatory, Production, Macro & Political, and Ability to Sell. The majority of these risks fall under the Tech & Innovation category, which includes risks related to the execution of corporate activity and strategy.
While these risk factors are specific to Fusion Pharmaceuticals and not directly applicable to the Fusion cryptocurrency, they highlight the importance of considering the broader financial risks associated with investing in any asset, including cryptocurrencies.
- Dejun Qian (CEO and Founder): Founder of Fusion and head of the Fusion Foundation, also known as the founder of BitSE, which incubated VeChain and QTUM blockchain projects.
- Josie Jiang: Director of Operations.
- Guochang Xu: Technology Director.
- Zhaojun He: Researcher.
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