Bitcoin Forum

In what countries (those 10 countries mentioned) is this app operational?
Does it mean that they can exchange to the local fiat where this app is currently working?
Checking their eth address - there's trading going on now in Uniswap?

https://etherscan.io/token/0x970b9bb2c0444f5e81e9d0efb84c8ccdcdcaf84d

Live use cases in 10 countries is good, but it is obviously not enough. It should be more common around the world. Is there are such plans?

Right, I also saw FUSE tokens transaction on Uniswap. whose token is being traded there, is it an investor's token? but I think the token sale hasn't started yet.
FUSE has many large investors including Atka Capital, TRG Capital, Collider Ventures, Faculty Capital, TechmeetsTrader, Innovion, and Wolfedge Capital.
where can I see the project roadmap?

Fuse network enables entrepreneurs and businesses to turn their communities into thriving economies. You can do many things with Fuse like payment services, stablecoin based economies, DeFi integration etc.

maybe this 10 countries is the early adopters countries, and i hope the target from this project could be world wide
just be patient buddy this is only the beginning from this project,
as you can see, the announcements thread just created today right ? hope i'm right

They haven't published the roadmap yet, and I found this https://docs.fuse.io/ (https://docs.fuse.io/) this might help introduce this project, it's just that I'm still curious about the roadmap, and also about fuse tokens being traded I think it's a little strange because liquidity event started on October 22nd.

This project already hold a small campaign, twitter and telegram https://bitcointalk.org/index.php?topic=5281637.0
I think with this ann already posted, I think it will increase enthusiasts to join the campaign. I was wondering if there would be a signature campaign, because if there really are a lot of big investors as someone say above, then this project cannot be underestimated.

So soon, on october 22, the first public liquidity release of Fuse network’s native token will be. Tokens will be distributed on Mesa

The total supply is approximately 314 million FUSE. I observe that the top 5 holders own about 300 million FUSE, what is the detailed distribution plan? Currently there are only 254 holders.

The distribution plan that I found on their medium blog

and I guess the 1st holder who has 130 million FUSE is the bootstrap address (based on picture above) and the 2nd one is the FUSE Bridge Address.
as far as I know this address is used to transfer Fuse tokens between the Fuse chain and the Ethereum network.
more about Fuse Bridge I found on this article https://docs.fuse.io/the-fuse-chain/bridge

They are spanish (probably) as they partnered with Wikibank (which is spanish too).
But I don't understand why tokens are selling on uniswap already, while they will have token sale only on September 22? And according info on their site they have 300 mln tokens, but according Etherscan they have 314 mln tokens already.  ???

Is there a representative from Fuse team that can answer queries here from the community? And clarify about the token sale and the current movement in uniswap. Also, the supply not tallying? If they have live use cases, they have good foundation already. But where are those users coming from?

Maybe OP can summon the team here, since it was the question that only can be answered by the team. Even though there is a telegram group https://t.me/fuseio, don't know they are so active right there or now, community maybe agree the presence of the team in this thread is also required.

Here is their contract adress where : Total Supply   314,298,664.2315637 FUSE

https://ethplorer.io/address/0x970b9bb2c0444f5e81e9d0efb84c8ccdcdcaf84d

But here says:

Total Initial Supply: 300,000,000

https://medium.com/fusenet/fuse-public-release-on-mesa-decentralised-exchange-ce75c4534a60

So where from came 14 addittional mln of tokens and why tokens are trading before official token sale on Uniswap?

Here is their tockenomics paprer:

https://drive.google.com/file/d/1nqOuN9AuadRXfKS4nyUodnFrDcdH99tV/view

And it seems they don't have vesting period for devs tokens?  ???

I also can't find any details about these 10 countries. I've been looking at their telegram, web, medium, even reviews on their app on google play, and the closest mention was their partnership with "rupiah stable coin", which means one of the country is Indonesia. One down, nine to go.

Interestingly, for an app that's being used by 10 countries, their app were only downloaded by 1,000+ users. This number is certainly very low if we compare them with the claim of 10 countries. Hopefully that's not just a clickbait

Well lets give it some time before we make such a claim. Hope they will figure their stuff out and let us know all the details. The 1k number is pretty low lets see if it goes up in near future.

And this project is posted by Murat, so somehow he has idea about the scope of this project. But would be nice if the team themselves will be here, at least one rep to enlighten us about the background of their project. And if it already covers about 10 countries, 1k+ installs/users is really low number.

Based from their google app review, the earliest was Feb 2020. So from that time period, I guess the marketing is slow in attracting users to use their wallet.

https://i.ibb.co/6sC40Ct/Screen-Shot-2020-10-20-at-7-54-26-AM.png

It's really really small if you make a comparison with the total population. oouuuu I forget to think we could take only 1% of the total population of 10 countries and I think it will be more than 1k people.
It seems like a marketing trick too and I have seen utrust that has claimed to be used by a lot of people around the world but it doesn't have a lot of users too.

It seems quite difficult to determine which this claim was coming from.

Hi, you can see 8 of the live use cases listed on the fuse.io. There are two more new ones that have not yet been added yet.

Fuse is integrated with Transak and Moonpay with is an on/off ramp allowing local users to convert to and from their local fiat. Please let me know if you have any other questions :)

Of course, we are working to expanding to countries all around the world :)

Hey! We provided initial liquidity to our network's validators in order to get the network started. That is where the small amount of liquidity currently trading on Uniswap comes from. Please let me know if you have any other questions :)

Hi, we currently have not released liquidity into the market, that's what explains the small amount of holders. On Oct 22nd, we are doing a liquidity release on Mesa. You can find more info about it below. Please let me know if you have any more questions :)

https://medium.com/fusenet/fuse-public-release-on-mesa-decentralised-exchange-ce75c4534a60

Hi, while our team is distributed around the world our main operation is run from Tel Aviv, Israel. The initial liquidity was provided to the network validators to get the network started. That's what explains the small amount being traded on Uniswap. Please let me know if you have any other questions :)

Hi, I'm here to answer any questions you may have. We released an initial amount of liquidity to our network validators in order to get the network started. Please let me know if you have any other questions :)

Hi, good question. 300 million is the initial supply but more tokens are generated every block as block reward to pay validators of the network. The liquidity on uniswap is liquidity that was provided to our validators in order to get the network up and running. Our vesting period for devs is 4 years. Please let me know if you have any other questions :)

Hi friend, we have 8 use-cases listed on fuse.io another 2 that were recently closed that are not yet listed. You can find all the information about them on our website.

Regarding the wallet downloads, it's important to keep in mind that many of our projects are using a forked version of our wallet, so it won't be listed on Fuse in the app store. You can check out Digital Rand and GoodDollar as two examples of forked wallets. Additionally, a better number to look at is total transactions which include all the transaction (including forks), which is now over 1.3 million (https://explorer.fuse.io/). Please let me know if you have any other questions :)

Hi! We have actually done close to no marketing. We have worked to build an easy-to-use working product and on-board our initial use-cases. Now that we have accomplished those first two goals we are spreading our word to the world. Please let me know if you have any other questions :)

Hi friend, you can learn more about our live use-cases at fuse.io. Keep in mind that some of our use-cases have forked our wallet and customized it to fit their needs, so the 1k number is not at all accurate. Please let me know if you have any other questions :)

what will happen if you fail to raise the money Since the defi hype is getting over. Also, Do you guys plan to run a signature campaign to promote the pre-sale on Bitcointalk? as you mentioned already there is close to no marketing. is the team confident with the upcoming sale?   

We already raised around 2 million (the official number being released soon) in a private sale, this gives us enough to run and continue to build for some time regardless of how much more is raised in the future. That being said we are feeling good about the future since we are coming to the market with a working product and actual use-cases. This separates us from most other blockchain projects.

At this point we have no plans to run a signature campaign.

No plans there right now but you can participate social media promotion service. Fuse has processing a bounty program which like reference twitter and telegram. However i received a from team last one time Partnership Coroinx platform.

So 5% yearly inflation is distributed to the network validators and in each cycle the validators with the highest amount of FUSE staked will split the rewards.

it's quite small if I look at this time, because many I see offers more than FUSE, but not all of them have stability.
I will explore the FUSE project further. This makes me feel very curious about the FUSE project

Sorry, do you mean Digital Rand is one of your forked wallet? i can't find app called GoodDollar (with or without space) on play store, though

If they mean "GoodDollar" and we refer to this project https://www.gooddollar.org/ so the explanation is their app is indeed no exist in play store, in the site I see it still coming soon. Looks like GoodDollar is their partnership as I see this https://medium.com/fusenet/the-future-of-universal-basic-income-within-hands-reach-48d5e4527eac

So how many is the max tokens supply? How many devs tokens funds? Is this 4 years vesting will be unlocked after 4 years or this will be unlocking during this 4 years by parts? Where i can see your token release schedule?

I think it needs proper marketing for this to have users from those 10 countries. If it will be mainstream in those countries then this project can be big. That is a big IF though, hope that those countries are not the small ones.

Even if the countries are small 10 of them is not small number and that's a lot of possible new users and a good base for the project. In future that number of countries could get bigger and bigger if it all works well.

Well, raised 2 million from private sell is good enough imo. I just want to know about your coin in trade in UniSwap. I saw other projects listed their tokens during ICO phase in UniSwap instead of opening a public sale via their official websites, something like IEO within exchange platforms. Do you aim to rise more funds via UniSwap?
Running a bounty has its beneficial for the project to reach larger communities, unless you are just using marketing for fundrising.
I will keep an eye to this project as i found no loopholes in what you said.

How your tokens  will be using? I see that you have partnership with some bank and with GoodDollar. How GoodDollar related with your project? Will they use your wallet or your blockchain?

First public token release ended 24th October with approximately 18% of the allocated 10 million FUSE tokens during the 48-hour event.

Were there any follow ups information about this private sale? And were the funds verifiable? Been waiting for further info about this private sale matter (and other updates), but it seems dev were not actively updating thread for a long time although they're online. Your project is still active, right?

They're looks active providing some news in their social media, I think they just don't have the idea to also post the news here. and yes the project is still alive and the development still running. This is the latest tweet https://twitter.com/Fuse_network/status/1324028241024294919 they invite people to participate in beta testing.

hello everyone, maybe I missed a lot of information about the FUSE project, what I want to ask is, is the fuse token currently listed on the exchange? apart from uniswap, have there been other trade openings?

The latest information that I seen on telegram group, they are listed on Uniswap and Kyber (looks like it was Kyberswap). They are now targeting to complete his own dex, it was fuseswap. Now still in beta testing, you can try the beta yourself by fill the form bit.ly/FuseSwapForm
I hope after some of these DEX, they will have a new goal to be listed on some CEX exchange.

We'll see how the team will take the next step after their beta testing is complete, and as you said, the team should also think about trying to list their token project on the centralized Exchange (CEX) market because that way they will be able to reach a wider market
Broadly later, we know that when compared to a decentralized exchange (DEX), Cex has a higher sales volume and also very high liquidity today than DEX, and that's not an advantage that can be used to make this project more developed? Then just not a project focus more on the list of their tokens on decentralized exchanges which are still not many users.

surely FUSE will first finish the development of the project, because if dex FUSE is ready and ready to launch, of course it will increase our fuse activity, currently still running the beta version, after the beta is complete the team will have plans to register at exchanges are not just on the DEX

I just opened Explorer Fuse, it turns out that Fuse already has more than 1,763,292 transactions and 95,065 wallet addresses. very interesting, but so far the team hasn't published their Roadmap, why?

Yes, roadmap is important information to anticipate developments. Reading some their AMA conversations, roadmap should have been published in September following distribution details, but this seems have been pushed back. Lastly, a statement in recent AMA on 27th October, they will be publishing roadmap soon with more details about Studio, Fuse Wallet, and Fuse network upgrades beyond delegation.

let's wait with friends, the FUSE project will do a lot of their development focused on the FUSE mainet, after this is done maybe the future will be clearer and I hope after the mainnet process is complete they plan to list FUSE on the exchange

Yeah, at least can be listed on well-known Centralized Exchange, this will be the best support on market. Some of their adoption programs that are already running, it should become a strong support.

When are they going to launch mainnet? As I understood they are using Ethereum network right now? And whats advantages will they have before Ethereum?

To be precise, Fuse is on sidechain Ethereum using POA Network, at the moment. POA Network is Ethereum open-source public side-chain project. You can read more here https://docs.fuse.io/the-fuse-chain/overview. I'm not sure why they call it mainnet

So its just the same as Ethereum (like fork of Ethereum)? Are they going to launch own blockchain with some advantages or it will left the copy of Ethereum?

Our LP reward program has been extended for another 2 weeks! Participants of the first round can claim their $FUSE rewards and withdraw their staked LP tokens!

To continue staking in round 2 simply deposit your LP tokens on the reward page

I am interested in joining it, it's just that the cost of gas is quite high and the capital I hold is very minimal, maybe I can follow it in the next program

Do I understand corretcly that this reward program for staking come with new inted tokens and this 300m tokens are just initial number but in fact there will be much more tokens in circulating due time?

Yes, I read, they call it fork from POA Network, and Fuseswap is fork from UniSwap, still beta testing right now, I may not know for sure, if you are more interested please join their telegram group https://t.me/fuseio

That is not yet, even FuseSwap is still in beta testing, still waiting for FuseSwap launch and they will integrate further

At this time, the FUSE project is not interested in listing their tokens on the exchange, so that it is easier to buy them on the exchange, because to make transactions on Uniswap, of course, requires more transaction fees. I hope the team plans this

To be precise, they have been listed and traded on UniSwap and KyberSwap.
• Uniswap:  https://uniswap.info/token/0x970b9bb2c0444f5e81e9d0efb84c8ccdcdcaf84d
• Kyberswap: https://kyberswap.com/swap/eth-fuse
And yes, they probably will wait for the release FuseSwap, before their tokens are traded on CEX, that's one strategy in my opinion.

Lol, this is just a digital currency wallet like any other wallet we have on play store,  anyone from any part of the world who have access to play store can download it, that doesn't mean there is a serious and established or should I say approved usage of it in this countries, perhaps if only 1000+ members have download so far it means only few people out of the 10 countries have download the wallet,
Between we have several wallet app this days to make a choice depending on what we find interesting about the app, to me I don't see why I can use this app since there are many similar with good service and with a good track record as well out there.

Apparently, that's not what is meant, live use cases in 10 countries, possibly real use adoption of Studio Fuse, which has been used by several local economic groups in several countries. There is some of this information at bottom Fuse Network website, and on the blog https://medium.com/fusenet

I like the way Fuse deal with taxes, you can simply pay a fixed fee of up to 1 cent per transaction and you can move money instantly without any additional fees

I don't know whats POA Network, but what sense in another one fork of 2 existed projects? And what sense in another one copy of Uniswap? We have hundreds copies already. I guessed that there will be something unique, but not...

You can find out about POA Network here:
https://www.poa.network/
https://www.coinbureau.com/review/poa-network/

Yes, there is a lot DEX competition, and what I know about FuseSwap is, want to provide solutions related to gas costs during transactions, also to provide service features for several projects built using Studio Fuse services (meaning to provide the best service for community itself), and also bridge functionality. The rest you can read here or ask questions in their telegram group https://medium.com/fusenet/fuseswap-available-for-beta-testing-2253f1dd8681

Thanks. But for what are they going to reduce gas cost? if they are similar like Ethereum and want to reduce fees on ETH network it could be usefull few years ago, but now with Ethereum 2.0 they (Ethereum) will reduce their fees themselves...

I haven't tried their swap platform yet: https://fuseswap.com/
And he made a new tweet, that the swap fee is paid with FUSE token itself, you can find out info in their community or try it directly
https://twitter.com/Fuse_network/status/1339994653781872642

If thread is open for the fun of it, it will soon be spam thread. NO moderator for the past weeks to attend to question here. I think https://t.co/CxB9W8h8e9?amp=1  the telegram will serve more purpose. They seem to have active twitter handle with regular updates of developments, which will help interested investors to be early on decision.

So Fuse and Bitazza Company Limited had an interesting solution Mystic Valley Festival. They did Blockchain-Based Festival Payment Solution ;)

Yep i need to know too

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and is the wallet supporting staking like the other wallet that give number percentage of APY its good idea to attract more people

I didn't quite understand about Fuse role on Mystic Valley Festival. Fuse organized Mobile Payments right? Or something more?

here the lists of exchange to trade Fuse.io my friend
there is two exchange besides uniswap depends on coinmarketcap
https://coinmarketcap.com/currencies/fuse-network/markets

I have a few FUSE tokens in my personal wallet, but I am not too zinc about trading on dex, to swap alone I have to pay a lot of transaction fees ... but I am quite happy when the fuse price goes up slowly, and hopefully the team plans to register the token FUSE on the exchange

I think it is already available on exchange. I am following fuse on Twitter since the time I participated in their bounty campaign.
I find it to be very interesting project and I hope it will make to the top 50 cmc projects soon.