Fusion ICO (Blockchain): Opening an exciting new Era of Cryptofinance for the Internet of Values

Fusion ICO (Blockchain): Opening an exciting new Era of Cryptofinance for the Internet of Values

FUSION is a public blockchain devoting itself to creating an inclusive cryptofinancial platform by providing cross-chain, cross-organization, and cross-datasource smart contracts.

Creator of QTUM, Dejun Qian’s Newest Project FUSION hits its ICO Hard Cap in One Day
The successful ICO will help develop an inclusive cryptofinance platform, solving key issues in today’s blockchain technology, and constructing a truly connected financial ecosystem

SINGAPORE–(Press Release)–FUSION (http://FUSION.org/), the Foundation providing an inclusive cryptofinance platform to solve the barriers hindering the widespread use of blockchain technology, announces today that it has successfully raised approximately 50K Ether, currently worth close to $50 million, in the first day of its ICO. Whereas, many crypto-projects focus substantially on enhancing current financial institutions, FUSION looks towards the future. The strong support for the project shows the need for a solution to the problems within the various blockchain ecosystems of today. By creating an inclusive system that can connect a variety of tokens in a more efficient manner, FUSION can achieve complete financial functionalities that have not yet been explored using blockchain technology.

The blockchain, because of its ability to connect people and markets, ushers us into a new financial age, introducing digitization, intelligence, decentralization, and inclusiveness to the world of the Internet of Values (IoV). The IoV is still in its very early stages, and because of that suffers from three main obstacles: interoperability, usability, and scalability. Whereas current blockchain projects have tried to overcome these barriers before, no good solution has emerged yet in the industry, until now. FUSION addresses the compatibility of cryptofinance, as the FUSION blockchain will support both tokens that already exist, and those that will be issued in the future. By solving pitfalls like this, FUSION makes smart contracts, smarter, as smart contracts on Fusion can interact with each user no matter the variety of tokens used to form them.

The FUSION public blockchain advances the functionality of traditional finance and offers a suite of features using the FSN token. Unlike other multicoin wallets which are limited to trading between tokens based on the same technology, a crypto wallet based on FUSION will be able to store all different values of tokens. The platform also offers a multi currency risk-free loan system: using smart contracts, by which users can apply for a loan in one form of token, and pay it back with another.

“We are entering an exciting new era of ‘Internet of Values’ which promises increased connectivity and inclusiveness,” said Dejun Qian, Founder of FUSION, “However, the benefits of the Internet of Values are currently thwarted by interoperability, scalability and usability issues within the various blockchain ecosystems, all of which combined have hindered this technological progress. FUSION aims to remove these barriers, ushering in an age of a true digital economy.”

About:
Founded in 2017, FUSION provides a comprehensive solution for integrating cryptocurrencies that exist today and ones that will be issued in the future by connecting centralized and decentralized organizations, balancing authentication and anonymity, and integrating both on-chain and off-chain data. FUSION utilizes distributed bookkeeping nodes to control various types of tokens’ private keys, and establishes a control and management layer on top of different types of blockchains.

Fusion announces the start of its ICO for a new public blockchain

Fusion, the Foundation providing an inclusive cryptofinance platform to solve the barriers hindering the widespread use of blockchain technology, announced today the start of its ICO for the FSN token.

Fusion’s public blockchain provides a solution for the interoperability, scalability and usability problems within the various blockchain ecosystems, and makes smart contracts actually smart by advancing or creating technologies, such as private key generation and signature, parallel computing of bookkeeping nodes’ grouping, PoW and PoS consensus. By creating an inclusive system that can connect a variety of tokens in a more efficient manner, Fusion can achieve complete financial functionalities that have not yet been explored using blockchain technology.

In the past, market developments have been centered around distributed markets and centralized organizations, filled with an inherent lack of trust between transacting parties, and an unfair distribution of wealth. However, the blockchain, because of its ability to connect people and markets, ushers us into a new financial age by introducing digitization, intelligence, decentralization, and inclusiveness to the world of the Internet of Values (IoV). The IoV, which is centered around developments in the blockchain space, is still in its very early stages, and because of that suffers from three main obstacles: interoperability, usability, and scalability. Whereas current blockchain projects have tried to overcome these barriers before, no good solution has emerged yet in the industry, until now.

The Fusion public blockchain advances the functionality of traditional finance and offers a suite of features using the FSN token. Unlike other multicoin wallets which are limited to trading between tokens based on the same technology, a crypto wallet based on FUSION will be able to store all different values of tokens. The platform also offers a multi currency risk-free loan system: using smart contracts, by which users can apply for a loan in one form of token, and pay it back with another.

Fusion has created a public chain as the first sustainable solution to the bottlenecks in the IoV, constructing a truly connected financial ecosystem. Fusion’s public blockchain is:

  • Inclusive – The public chain integrates the cryptocurrencies that exist today and even those that will come in the future, connecting centralized and decentralized organizations, while at the same time balancing authentication and anonymity.
  • Reconstructive – FUSION redefines the way in which values are transferred and the relationships between transacting parties, by supporting all types of financial services.
  • Highly scalable – By using a Turing-complete virtual machine and providing the Private Keys Control Service and the token-issuing protocol, it opens a window for society to realize cryptofinance across different blockchains and organizations, creating many possibilities that were previously unimaginable.

The inclusive finance platform empowers developers to create rich applications, connects organizations and data-sources, and updates cryptofinance protocols. Most importantly, Fusion improves the interoperability, scalability, and usability of the blockchain to realize an inclusive crypto-financial platform for the era of the Internet of Values.

We are entering an exciting new era of ‘Internet of Values’ which promises increased connectivity and inclusiveness,” said Dejun Qian, Founder of Fusion, “However, the benefits of the Internet of Values are currently thwarted by interoperability, scalability and usability issues within the various blockchain ecosystems, all of which combined have hindered this technological progress. Fusion aims to remove these barriers, ushering in an age of a true digital economy.

FUSION is a public blockchain devoting itself to creating an inclusive cryptofinancial platform by providing cross-chain, cross-organization, and cross-datasource smart contracts.

1 – Inclusive

The FUSION Protocol provides APIs to include different blockchain tokens, different off-chain values and different datasources into one public chain to make it possible for all kinds of people, centralized organizations and blockchain communities to help each other, benefit each other and create a much better new world.

2 – Interoperable
By the distributed control rights management, a variety of tokens can be mapped onto FUSION, making not only the separation of ownership and usufruct possible but also multi-token smart contracts possible.

3 – Intelligent
The FUSION Protocol makes “smart” contracts truly smart by feeding them with off-chain data and arousing them automatically by multiple triggers in the calling list, making them be able to express various cryptofinancial logic in the era of Internet of Values.

4 – Innovative
The FUSION Protocol, by introducing a cross-chain, cross-organization and cross-datasource public chain, brings blockchain’s interoperability to a brand new level, making it possible for financial innovations that were never imagined before.

5 – Independent
FUSION, as a public chain, is Independent from any third party. The Distributed Control Right Management Service protects all locked-in crypto assets, guarding sacred inviolable private property of mankind.

Technologies
The Distributed Control Rights Management (DCRM)
The DCRM is the process that hands over the control of private keys of digital assets from individuals or centralized organizations to the public blockchain of FUSION. The distributed generation and distributed storage of private keys ensure that nobody can access the complete private key, making sure that no single node can obtain the control of digital assets.

The Multiple Triggering Mechanism (MTM)
In addition to the transaction triggering mechanism, timing and event triggers are introduced to smart contracts. The three triggering modes are abstracted from various financial scenarios and can meet various requirements of smart contracts in complex cryptofinancial applications, making distributed financial services and complex DApps possible.

The Hierarchical Hybrid Consensus Mechanism (HHCM)
The HHCM takes the advantages of both PoW and PoS, and utilizes parallel computing by grouping nodes, achieving a reasonable balance of efficiency and safety.

Road Map

Second half of 2017
(1) Economic theoretical analysis of the development status of blockchain and question presentation;
(2) Discussion of project content and meaning;
(3) Completion of proof of concept and start the project;
(4) Formation of core team;
(5) Platform architecture design and technical demonstration;
(6) Completion of whitepaper;
(7) Initiation of private equity and communication with project consultants.

Q1 of 2018
(1) Complete the compliance work, start the operations of the Foundation, and start the project operation in full scale;
(2) Start the development of the core protocol, complete the preparation of the experiment code and start the multi-node private keys control service in an experimental environment;
(3) Start the operation of the peripheral community and complete the work of ICO;
(4) Start the core community operation of the investment community, technical community and universities to promote R&D work;
(5) Improve the core team building.

Q2 of 2018
(1) Put main chain online;
(2) Start intensive cross-chain collaboration and complete 10 billion US dollars of distributed control services;
(3) Continue to develop core community and set up a number of research topics, and vigorously promote research;
(4) Complete the development of smart contract browser and the core wallet;
(5) Promote the peripheral community and carry out intensive public relations promotion;
(6) Improve the team building.

Q3 of 2018
(1) Improve the front-end wallet tools and complete 100 billion US dollars of distributed control service;
(2) Promote peripheral communities, and improve smart contract development tools to complete more than 1 billion US dollars of cryptofinancial applications;
(3) Continue to improve the efficiency and security of the core code;
(4) Continue to develop the core community and help them assist in the experimental development of innovative cryptofinancial functions.

Q4 of 2018
(1) Continue to improve and perfect the core code;
(2) Continue to promote core communities and research;
(3) Promote the standardization of the interface of the chain with centralized organizations;
(4) Promote the off-chain data to communicate with the main chain, especially identity information;
(5) Complete the interfaces with the important centralized organizations;
(6) Continue to complete the development of various ecosystem tools.

After 2018
After 2018, according to the operations in 2017 and 2018, we will further iterate products and continuously promote the construction of the inclusive cryptofinance platform to make it become one of the most important inventions to help people improve financial efficiency in the era of the Internet of Values.

Community

The FUSION inclusive cryptofinance platform is a public blockchain. The FUSION Foundation, as a sponsor of the project, is working for the promising ecosystem of the blockchain rather than corporate profits as traditional enterprise projects do. The FUSION platform, which benefits all token holders, does not belong to any single organization or individual and is a platform embracing the entire blockchain token community. It will use token mechanisms and the foundation to continually foster all kinds of communities such as technical communities, college communities, user communities, investment communities, node participant communities, central organizations, data source providers etc. The vision of the FUSION community is to create an inclusive big family who loves FUSION.

Token Sale

In order to realize the vision of the inclusive cryptofinance platform, the token, Fusion (FSN), is embedded in the FUSION public blockchain to make the project sustainable. The FSN will be used as the gas of future enhanced financial smart contracts. The total number of tokens supplied is 81.92 million. The 8192 is the 13th power of 2. They are distributed as bellow:

1) Team: 8,192,000 (10%) will be allocated to the core team and distributed to the team in phases to motivate and attract more elites to join;
2) Angel: 8,192,000 (10%) will be assigned to angel support funds to support the earliest start-up and development of the project;
3) Community Development: 8,192,000 (10%) will be used to support strategic cooperation with the blockchain communities and centralized organizations, helping the community ecosystem to advance the steady development of cryptofinance;
4) Selected Participants Sale: 8,192,000 (10%) will be assigned to the token sale for ETH to selected participants to acquire other tokens to fund project developments and team operations;
5) Voluntary Participants Sale: 20,480,000 (25%) will be allocated to the token sales for ETH to voluntary participants for the foundation to foster the ecological development of FUSION;
6) Reserve: 4,096,000 (5%) will be reserved for the Foundation to decide its specific use in the future;
7) PoW & PoS: 24,576,000 (30%) will be used to motivate the proof of work and the proof of stake.

More information: https://fusion.org/

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Adam Webb is editor in Smartereum, blockchain and currency news, where he produces updates on Blockchain, Ethereum and other alternative cryptocurrencies.

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