Fusion

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 Solution

Fusion 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 Token

The 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 Functionality

Fusion'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 Transactions

Fusion'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 Storage

To 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 Exchanges

Fusion 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:

1. 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.

2. 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.

3. 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.

4. 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.

5. 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.

6. 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.