[ANN] Fuse.io - Live use cases in 10 countries

[AdarWeinreb]

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?

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

[AdarWeinreb]

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

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?

They haven't published the roadmap yet, and I found this 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.

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

[AdarWeinreb]

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.

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

[AdarWeinreb]

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

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. 

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

[AdarWeinreb]

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?

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

[AdarWeinreb]

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? 

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

[AdarWeinreb]

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

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

[AdarWeinreb]

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.

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

[AdarWeinreb]

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.

1k+ installs/users is really low number.

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 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

[Altcoin Reviewer]

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?   

[AdarWeinreb]

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.

[Dessy88]

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?   

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.

[OPAleoN]

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.

[indo1]

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

[Miiike]

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

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

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

[Fujiati]

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

[gembira]

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? 

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

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?

[rmyles25]

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.

[JooBra]

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.

[Kavelj22]

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.

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.