Fusion: Transforming a stable coin into a 10% ROI; Partnership with Stockup; Roadmap update; New team members; BAT, MKR, OMG, ZRX tokens have been unlocked on Fusion’s asset gateway
Biweekly update 4th September — 18th September
Dear Fusionites, another highly productive two weeks are in the books! Read our writeup to learn about all the interesting news emerging from the world of Fusion.
The FSN mainnet swap has been completed on OKEX and BitMax. All tokens have been automatically mapped to the mainnet. The depositing and withdrawal of FSN have been resumed. And the all-in-one token ecosystem is becoming a reality! BAT, MKR, OMG, ZRX tokens have been unlocked on Fusion’s asset gateway.
Since the start, Fusion’s mission has been to enable innovative and inclusive financial opportunities made possible by the digital economy. With the launch of Main Net, a significant step was taken to making these possibilities a reality. Now, the team is excited to showcase the power of the platform: transforming a stable coin into a 10% ROI, with no risk to the underlying stable coin. Details are in our report below.
These weeks, Fusion partnered with an innovative platform Stockup, which works closely with regulators to help companies tokenize their shares to make them easily tradeable on the blockchain. Stockup built its initial solution on Ethereum infrastructure but believe it is important to support finance-centric chains like Fusion. Once connected to Fusion, the possibilities are endless!
Fusion also announced that two exceptional individuals, Justin Sun (no, not the one from Tron!) and Hassan Khan, have joined the Fusion team, serving as the Head of Business Development, and Director of Engineering respectively.
As for the social side, two exciting events are coming later this week: Fusion AMA on Credits Blockchain Platform will take place on their YouTube channel on September 20th, and Fusion will be a proud sponsor of The Future of Blockchain and Bitcoin meetup in London on September 21st. Stay tuned!
Developer activity (from Coinlib.io):
Community members can track upcoming new features, fixes and amendments in the Fusion public Trello board.
If you notice any bugs whilst using Fusion applications or have some feedback that you think may be useful to the team, please submit a ticket on Fusion’s Zendesk!
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, please take a few minutes to share your thoughts with them.
September 20th, 2019: “Changes since Inception” AMA on Credits Blockchain Platform YouTube channel:
September 21st, 2019: Fusion is a proud sponsor of The Future of Blockchain and Bitcoin meetup in London:
Information from Coinlib.io:
Information from Coinmarketcap.com:
The mainnet swap of Fusion (FSN) is complete. All VNT tokens of the users have been automatically mapped to the mainnet. The depositing and withdrawal of FSN have been resumed on September 4th, 2019.
The FSN mainnet swap and ETC Hard Fork Upgrade have been completed. FSN and ETC deposits and withdrawals have been resumed.
BAT, MKR, OMG, ZRX tokens, have been unlocked on Fusion’s asset gateway:
The all-in-one token ecosystem is becoming a reality!
Time Lock Makes 10% Rewards for 3-Month Stable Coin Deposit a Reality:
Since the start, Fusion’s mission has been to enable innovative and inclusive financial opportunities made possible by the digital economy. With the launch of Main Net, a significant step was taken to making these possibilities a reality. Now, the team is excited to showcase the power of the platform: transforming a stable coin into a 10% ROI, with no risk to the underlying stable coin.
Stop Wasting your Assets’ Front-end Time Value.
Today, the market fully realizes the “back-end time value” for an asset, through instruments such as futures on cryptocurrencies. Futures are contracts traded today that grant exposure to an asset at some designated point in the future. For example, a 3 month futures, is actually an asset’s time value from 3 months in the future till forever. However, what about the front-end value of an asset, the 0–3 month piece? If an asset owner sold a 3 month future on his asset, does this mean that the duration the asset is held from now until its transfer in 3 months is worthless? The Fusion team doesn’t think so.
2 Million Time-locked FSN to Harness Front-end Time Value
Fusion Foundation has committed 2 million time-locked FSN tokens to help the world realize the front-end value of their assets. The first tranche of 100,000 time-locked FSN tokens have already been deployed as a Quantum Swap in their swap market, exchanging front-end USDT (Tether) for front-end FSN. The front-end FSN can then be used to earn staking rewards with Fusion’s Ticketed Proof-of-Stake model.
The Quantum Swap involves:
1. Fusion Foundation receiving front-end, 3 month time-locked USDT tokens (0, 3 months)
2. Fusion Foundation sending front-end, 3 month time-locked FSN (0, 3 months)
3. At a ratio of 2.4 USDT (0, 3 months): 1 FSN (0, 3 months)
Users then monetize the (0, 3 months) FSN by staking, either through deploying their own node or sending their (0, 3 months) FSN to a community-run staking pools. Alternatively, users can even swap their time-locked FSN for complete FSN and monetize the time value of their FSN immediately.
After the conclusion of the 3 months, users are left with a complete USDTs. At no stage during the campaign has the user risked any more value than what they committed to stake. In the interim, the user earned FSN staking rewards, estimated at approximately 33% ROI per FSN, or 10% ROI per USDT.
How to Participate and Start Earning
To find this swap in the swap market, filter the “You Send” asset by “Tether USD”.
Make sure you have chosen the USDT with the Fusion verified “blue checkmark”!
Head on over to the video for a step-by-step guide on how to access this opportunity.
Fusion’s Financial Fabric
This simple exchange harnesses numerous Fusion innovations working in perfect harmony:
1) Interoperable architecture to connect native FSN and USDT.
2) Time-lock function to split the ownership rights to a digital asset over time.
3) Quantum swap to seamlessly exchange cross-chain assets with full control in the hands of the user.
4) Time-locked Ticketed PoS model to activate a marketplace where the front end portion of a digital asset has value.
The four features listed above should be celebrated individually for their innovation and their capacity to change the crypto landscape. When combined, we get a glimpse into how far the future of Finance can be extended.
Also, check out Staking On Fusion MainNet page.
Check out an updated Fusion roadmap:
March 28th, 2019 — Payable Stage Network 2.0 Launch
June 30th, 2019 — MainNet Launch
Quantum Swap Feature Enhancements
Expansion of Asset Gateway
DCRM 5.0 Integration with MainNet
Virtual Machine Enhancements
Finance Product Development Module
H1 — Decentralized Oracle for Multi-trigger Smart Contract
H2 — Scalability Improvements
Partnerships and team members
Based in Switzerland, Stockup works closely with regulators to help companies tokenize their shares to make them easily tradeable on the blockchain. Stockup built its initial solution on Ethereum infrastructure but believe it is important to support finance-centric chains like Fusion.
“Ethereum was the obvious choice for us to build the first iteration of our technology because it’s well-known, trusted and highly functional,” said Pavel Vasilevski, CEO of Stockup. “After proving our model, it makes sense to integrate with an exciting DeFi company like Fusion, where functions like time-lock and quantum-swap can be easily leveraged as part of the stock trading process.”
Stockup prides itself on creating highly compliant share issuance workflows that empower companies to easily leverage the benefits of blockchain. By working closely with issuers, Stockup is able to accurately capture shareholder rights directly within the context of the token.
“We are excited to work with Stockup to integrate its share-issuance procedures with our protocol,” said Fusion Founder and CEO, Dejun Qian. “Stockup also takes care of the compliance and AML requirements to simplify the process for its partners to transfer their shares onto the Fusion blockchain.”
Fusion extends the functionality of tokenized assets through its unique feature set that enables time-based transactions, peer-to-peer swaps and interoperable architecture. By entering Fusion’s interoperable blockchain, shares tokenized through Stockup access a diverse ecosystem of stable coins, tokenized securities and cryptocurrency that can easily be seamlessly and securely exchanged.
Stockup is an innovative platform that allows swiss based companies to issue their shares on ethereum blockchain. From the other side the platform offers indispensable set of tools for investors giving them a possibility to access the shares tokenized on the platform and therefore purchase them. To learn more about Stockup, visit click here.
Fusion welcomes Justin Sun, Head of Business Development (Europe), and Hassan Khan, Director of Engineering, to the team!
Two exceptional individuals, Justin Sun and Hassan Khan, have joined the Fusion team, serving as the Head of Business Development (Europe), and Director of Engineering respectively.
Justin Sun (no, not the one from Tron!) is excited to begin his role as Fusion’s Head of Business Development (Europe). Justin brings a wealth of experience from his previous position in the Ultra-High-Net-Worth (UHNW) team at UBS in Switzerland where he provided wealth management services to Asian clients with bankable assets of over $USD 20 Million. Justin’s particular focus was on family wealth protection and long-term growth.
Prior to working at UBS, Justin practiced law at numerous reputable law firms including Haiwen & Partners (Shanghai), Schellenberg Wittmer (Zurich), Greenberg Traurig (Shanghai) and Global Law Office (Shaghai). Justin specialized in Mergers and Acquisitions law, law pertaining to foreign investment in China and law to support Chinese investment overseas.
Gaining deep insights into the world of banking via his position at UBS, Justin took interest in blockchain technology and cryptocurrencies in 2017. He saw the great potential in the power of blockchain technology to transform the foundations of banking and finance.
Speaking about his new position with Fusion, Justin commented, ‘I see an opportunity for our generation to shape the future of Finance, I joined Fusion to be part of this revolution.’
As the Head of Business Development (Europe), Justin will leverage his extensive network in the Finance industry to explore opportunities for cooperation between Fusion and banks, financial service providers, custody providers, stable coin issuers and more.
Fusion also introduced Hassan Khan who has joined the team as Director of Engineering. Hassan has been actively involved in the blockchain space since early 2016. He contributed to open source projects like Ethereum and launched a successful venture that provided mining pool software, hosting services, automated trading tools, and cryptocurrency data feeds to enterprise clients.
Hassan has served in leadership positions at several prominent start-ups, including most recently as the Director of Engineering at Atomic Capital. In this capacity, he oversaw the first ever security token offering issued by a publicly traded company and developed a leading technical standard for the issuance of SEC-compliant securities. Hassan studied Computer Science and Philosophy at Princeton University.
In his role as as Director of Engineering at Fusion, Hassan will take ownership over managing and extending Fusion’s asset gateways, leading the development of blockchain applications on Fusion infrastructure, supporting dev-ops and R&D.
Social media metrics
Social media activity:
Social media dynamics:
Fusion community continues to grow slowly. 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 (till May 2018) — Announcements, 10–15 likes, 1–2 shares.
Bitcointalk.org: since January 20th, 2018. Discussion on PSN, latest news, price, etc.
Check out the 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.