Fusion: Partnership with Inwedo, FSN listings on Huobi and OKEx, 300+ active nodes on MainNet and ≈14M FSN locked-in for staking
Biweekly update 10th July — 24th July
Dear Fusionites! We love keeping track of the consistent growth we are seeing on Fusion MainNet! Every day more FSN tokens are locked-up for staking, and more nodes are participating in consensus. Rest assured, the numbers speak for themselves! As for today, there are more than 300 nodes participating in consensuses and about 14M FSN locked for staking. Moreover, yet the FSN reward rate is still about 40% per year. The Fusion team also crafted a short survey to capture your feedback on their new MainNet functionality. They want to ensure that you have the best possible experience when interacting with their features, so please take a few minutes to share your thoughts with them.
These weeks, we saw a lot of essential news. Fusion has joined forces with Inwedo to provide the extensive number of partners looking to build on Fusion with development support. The team looks forward to working with experts like Inwedo to expand the adoption of Fusion’s blockchain. As for the social side, the Fusion team featured in two AMAs hosted by Crypto Differ hosted and Atomic Wallet teams.
Fusion is on the way to becoming an all-in-one ecosystem for stable-coins! The team enabled lock-in and lock-out of Tether, USD Coin and Gemini Dollar on Fusion’s Asset gateway. FSN is now listed on Huobi and OKEx. It’s great to see more and more projects integrating with and supporting Fusion ecosystem. Thanks to the great team at Atomic Wallet for adding BEP2 FSN to their list of supported assets. More and more staking providers like Hash Quark are eager to support Fusion staking. Not only does this make the network stronger but it provides great opportunity for early adopters to earn rewards.
Developer activity (from Coinlib.io):
It is welcomed by the 40+ companies — including banks, global social impact organizations, blockchain projects, exchanges and more — that are actively exploring how to use Fusion’s innovative features and interoperable framework. By combining these features, virtually any financial transaction can easily be expressed on the blockchain. Earlier this month, Fusion was invited to discuss the role of blockchain for bringing global finance to the masses as a featured panellist at the United Nations Blockchain Summit in New York.
Key functionality on Fusion’s MainNet
Time-lock — Fusion’s unique Time-Lock feature enables users to extract time-value from digital assets and easily model time-based transactions (such as licensing agreements and asset rentals) on the blockchain.
Quantum and Multi-Swap — Quantum Swap facilitates the seamless and cost-effective cross-chain exchange of any two asset pairs wherein the only expense is gas fees paid to stakers. Multi-swapping takes quantum-swapping to the next level, enabling many-to-many swaps of any digital assets with incredible efficiency, a feature never seen before in the blockchain landscape.
Universal wallet and Short Account Number (SAN) — Fusion introduced a powerful cross-chain wallet that can control any digital asset across any distributed ledger. With these capabilities, users can acquire a SAN to replace their long and error-prone public address with a short address typically between three to five numerals long.
Asset Creation and Enhancements — New digital assets can be created in a matter of seconds using the Fusion protocol without the need for any programming or smart contracts. Assets can also be enhanced with additional data to create non-fungible assets. Asset creators even have the flexibility of adjusting the supply of a digital assets to suit their business needs.
Staking — Consensus on Fusion’s public blockchain will be achieved using a custom-built Proof of Stake algorithm that has already been running smoothly on Fusion’s TestNet for almost 6 months. In fact, staking on Fusion’s TestNet earned participants more than $700,000 (at time of writing) worth of FSN token rewards for block validation. The community is expecting rewards to be significantly higher on MainNet with some calculations estimating more than 40% yearly rewards from staking.
- FUSION @FUSIONProtocol on Jul 26:
Fusion crafted a short survey to capture your feedback on their new MainNet functionality. They want to ensure that you have the best possible experience when interacting with their features, please take a few minutes to share your thoughts with them.
Dear community, Crypto Differ hosted an AMA with the Fusion team on August 2nd, 2019.
Atomic Wallet AMA Session
Atomic Wallet hosed AMA Session with the FUSION team on July 30th, 2019.
Fusion is a proud sponsor of The Future of Blockchain and Bitcoin meetup (21st of September 2019, London):
Information from Coinlib.io:
Information from Coinmarketcap.com:
FSN is listed on Huobi
In the first hour of trading, there was more than $USD 3 Million in trading volume.
FSN is listed on OKEx
Fusion ERC20 FSN token has been listed on OKEx
The team enabled lock-in and lock-out of Tether (USDT), USD Coin (USDC) and Gemini Dollar (GUSD) on Fusion’s Asset gateway.
Thanks to the great team at Atomic Wallet for adding BEP2 FSN to their list of supported assets. BEP2 FSN is compatible for trade over at Binance DEX
It’s great to see more and more projects integrating with and supporting Fusion ecosystem.
Hash Quark supports Fusion staking
Awesome to see more and more staking providers like Hash Quark are eager to support Fusion staking. Not only does this make the network stronger but it provides great opportunity for early adopters to earn rewards.
With the launch of MainNet, it’s time to talk about staking rewards!
The team is anticipating very healthy block rewards for staking on MainNet. Network participation is the bedrock of a public blockchain and block rewards are a good way to strengthen the network by incentivizing participation and increasing decentralization.
The easiest way to estimate your potential future staking rewards is to use the Fusion Staking Estimator which pulls directly from Fusion’s block explorer (currently pointing towards PSN 2.0 Block Explorer).
Alternatively if you would like to understand the inputs used in the calculator, here is the equation they use for calculating staking rewards per year:
(Quantity of tokens staked / Quantity of total tokens staked in the network) * 2.5 FSN (Reward per block) * 5,760 (Blocks per day) * 365 (Days in a year)
As an example, let’s suppose that a staking participant has 5,000 FSN tokens and that a total of 8,000,000 FSN tokens are in the staking pool on main network.
We can input these values into the equation:
(5,000 / 8,000,000) * 2.5 FSN * 5,760 * 365
= 3,285 FSN tokens earned per year from staking.
The % rewards for staking per year therefore = (3,285/5,000) * 100 = 65.7%
With those numbers, it’s easy to see that staking rewards on Fusion are relatively high compared to other tokens.
As with many decentralized networks, staking and mining rewards are especially favorable at the early stages of the networks existence. Early adopters have the potential to reap disproportionate rewards whilst the network is small and competition for block validation is relatively low. Don’t miss out!
Also, check out Staking On Fusion MainNet page.
From Fusion Whitepaper:
From DJ Qian Interview with Crypto Shark (June 2019):
Fusion’s short-term strategic priorities:
- Launch mainnet in Q2.
- Integrate Fusion’s interoperability solution DCRM with mainnet.
- Work with our existing and upcoming partners to help foster wider adoption of Fusion’s technology.
Longer term priorities:
There are 3 priorities in the long term. Adoption, Adoption and Adoption with REAL business.
From Official Telegram group:
Rudy (@RkadSG, admin): “No roadmap available yet”.
Partnerships and team members
New York, August 6th, 2019 — Fusion Foundation announced it is partnering with information technology solutions provider Inwedo, to support the extensive number of projects seeking to develop applications on Fusion’s blockchain.
Lodz, Poland-based Inwedo is a software development company focused on people, products, communication, and above all flexibility and transparency. Inwedo’s expert software developers are focused on delivering high-quality applications. Specializing in business processes optimization software, Inwedo is leading development projects that help teams in global companies optimize internal workflows and reduce manual labor.
“It can be intimidating for programmers that are new to our tools to get started,” said Fusion Product Officer, John Liu. “Inwedo will serve as a great support mechanism for projects that require development assistance, and we are thrilled by the groundswell of enthusiasm from businesses like Inwedo that are interested in leveraging our technology.”
Having recognized the immense potential of Fusion’s public blockchain, Inwedo’s technical development team rigorously evaluated Fusion’s code libraries and extensive native functionality, including asset creation and enhancement, time-lock, quantum swap, multi-swap and more. As a result, Inwedo can now program using Fusion’s technical architecture and rich set of APIs.
Said Inwedo Chief Operating Officer Krzysztof Karolczak, “We think blockchain technology is really exciting, and has the potential to have major impact in the world of finance. We are excited to bring our experience in creating dedicated software solutions and support projects seeking to innovate with Fusion’s technology.”
Social media metrics
Social media activity:
Social media dynamics:
Fusion community continues to grow slowly. Social media dynamics shows that it remains virtually unchanged. There is a slight fluctuation in the number of subscribers of Fusion social media channels these weeks.
Twitter — Official announcements channel. An average number of retweets is 30–60 for one post.
Fusion Community Twitter: since October 19th, 2018. Not active since November 26th, 2018.
Fusion Announcements Telegram channel — Official announcements. About 2,5K followers.
FUSION Developers Announcements Telegram channel: Tech discussion.
Facebook — Announcements, 10–15 likes, 1–2 shares.
Bitcointalk.org: since January 20th, 2018. Discussion on PSN, latest news, price, etc.
Check out Fusion forum.
The graph above shows the dynamics of changes in the number of Fusion Facebook likes, Reddit subscribers and Twitter followers. The information is taken from Coingecko.com.