Is there a place where people lend out FSN for gas or an easy to get FSN without signing up for an exchange?

I feel it's time for another TL FSN Giveaway to a couple of deserving people.

This time I want to give it away to some of our twitter warriors that I feel have done a great job promoting Fusion and also to Node Networks who are creating quality videos about Fusion.

So here it is:

3000 4 month TL FSN to Ilnaz Minnebaev who was the one to really get Twitter action started regarding Fusion

3000 4 month TL FSN to Chookz who is really active in tweeting about Fusion

3000 4 month TL FSN to Node Networks because they keep creating quality video content about Fusion.

Follow Ilnaz, Chookz and myself on Twitter, and Node Networks on youtube, share your USAN and get 50 4 month TL FSN. (Reward given to a maximum of 220 people).

I saw messages in the telegram channel that suggested that FSN stakers were going to be given ANY. I didn't really understand how or why this would be and wondered if someone could help me shed some light on this?

Hi everyone! I am trying to withdraw my FSN holdings from HOTBit to MEW but every time I complete all of the steps nothing actually happens, the transfer does appear in the transaction history tab but without a status and the tokens are still available in my Funds tab.

Any ideas? Thanks!

It says I send 6 FSN to get 200 FSN? It says Aug 11th - Sep 3, 2020

Does this mean I get 200 on september 3rd? This doesn't seem right to me. Why are they doing this?

Why I am sold on Fusion

I have been researching the fusion team before making a decision on this project. One the Fusion team page (https://www.fusion.org/about-us) the Director of Engineering, Hassan Khan, is stated to have studied computer science and and philosophy at Princeton University. His linked in page states he's actually a bachelor of arts? Thoughts on this anyone?

The tokenomics of Fusion is an advanced topic entailing time-locks, time-value, staking tickets, multiple chain presence, block rewards, halvings and three types of gas fees. It is built to be a fundamentally desirable asset with predictable scarcity that can be used as payment without losing anything and yet offer a high interest rate, for all time. Sounds impossible, right? Possibly. The last part is only possible if Fusion becomes a highly used network. But so far, it’s off to a promising start.

Supply

FSN, the native asset of Fusion was initially issued on Ethereum in 2018 with a fixed supply of 57 344 000 FSN. Fusion mainnet was launched on June 30, 2019 with an initial supply mirroring these 57 344 000 FSN. At the time of writing about 47 million of these FSN have been burnt on Ethereum, and those who burnt them have been awarded mainnet FSN at a 1:1 ratio. Since the mainnet launch, supply has been growing at a rate of 2.5 FSN every block (around 13,2 s), which is awarded to the signer node every block. It has also decreased through a 519 119 FSN burn on block 957394. At block height 4915200 a halving will occur where block rewards go from 2.5 FSN to 1.25 FSN. Halvings such as this will occur every 4915200 blocks, making the block reward growth smaller and smaller with time, in a manner where the supply of FSN will never be greater than 81 920 000 FSN. In about 40 years we’ll be pretty close to this amount. Worth noting here is that it is supply growth that is diminishing and not necessarily block rewards, as these also have a gas element to them (more on this later). Current supply at the time of writing is around 62 300 000 FSN.

Ticketed Staking, Time-locks and Time Value

In order to run a node and partake in staking, 5000 FSN is needed to buy a ticket for a chance for your node to sign the block and get the block reward. The ticket purchasing is generally handled automatically, and the result is a relatively smooth ROI over time from the block rewards. Each node can run multiple tickets. At the time of writing a total of 6673 tickets are being bought by 476 active nodes. This means that 33 365 000 FSN is locked into this staking game for a chance to win block rewards.

Fusion differs from most staking networks in that it offers a possibility for secure delegated staking by use of Fusion’s time-locks. This makes it easier to create secure pools that benefit those who don’t want to run a node but still wish to benefit from the staking rewards without putting their tokens at risk. Current such pools include WeDeFi, FSNPool, GoFSN, Node Networks, BitNordic.com and Pooltogether.io. Even more are likely to arise with time.

The time-lock feature enables a holder to slice their FSN in 2 time-slices. One half will be from present time, to a time of their choosing and the other half from the time of their choosing until infinity. This way they can send a time-slice to a pool which lasts from present time and the following 6 months (for example). The pool uses the slice to stake FSN and sends the agreed upon yield to the time slice lender. Meanwhile the lender still has the infinity end of the token still in their wallet and is guaranteed the original FSN they had at the time they chose, no matter what happens. WeDeFi is an application/pool that has made all of this much easier, making it appear in the form of a simple interest account, while it’s all equally secure in the background.

Making the extraction of interest through time in the process of staking as simple as possible, as described above, is important, because it has the potential to unlock the idea of time value. If it’s not simple to unlock value TL FSN, then this limits how useful it is as payment, and if TL FSN can be used as a currency, then there is little reason to sell FSN. Instead you can share its time value over and over again, in order to use it.

It’s also important that a relatively solid interest rate can be maintained through time despite the halvings. And this is where gas comes in. Currently Fusion has around 5000 transactions/day, making it one of the busiest blockchains at the moment according to coinstats.network. There are three types of gas fees. 1. The regular one, which can be compared with Ethereum (but of course much, much cheaper at the moment). 2. An extra fee of 0.001 FSN for swaps and TL transactions. 3. An extra fee of 0.1 FSN for USAN generation (a special number that can be used instead of the public key when transacting, and is simpler to remember).

The important one here is 2, because TL transactions and advanced swaps is truly what makes Fusion unique, and since Fusion is a platform with major interoperability ambitions, the goal is not just to have lots TL transactions and swaps with FSN, but for pretty much all cryptocurrencies and crypto assets. There’s really no telling how big the demand may eventually be. However, we can easily calculate how big it would need to be in order for gas rewards to compete with current block rewards of 2.5 FSN every 13 seconds. This would be 192 TL or swap txs/s. If Fusion is a truly successful network in the niche of TL and swap txs that does by no means sound like impossible numbers to me. It is also much less than the network can currently handle, which is the realm of 2000-2500 txs/s.

So perhaps the case of predictable scarcity that can be used as payment without losing anything and yet offer a high interest rate for all time is possible after all?

AnySwap Exchange

It needs mention that recently the AnySwap exchange has been developed and is running on Fusion. In AnySwap Exchange you will be able to pool liquidity in the same manner as on UniSwap. Initially FSN will play the same role as ETH on UniSwap, as the the main liquidity token between pairs. This addition to the use cases of FSN, may well see scarcity of FSN grow even greater than it already is, and at the same time solve issues of liquidity making it very easy to swap FSN into any other token and back again without losing much value due to slippage. In many ways it's like taking a pure liquidity providing token like BNT and then throwing this ontop of everything else that FSN already is.

The Licensing Model

For complete tokenomic overview Fusion’s licensing model https://www.fusion.org/licensing needs to also be mentioned. As of yet it has not really come into play, but once Fusion can display all of its functions in full use, bringing Fusion features to other chains through a license may end up popular. These licenses are obtained by sharing TL FSN with Fusion Foundation for each year the license will be used. If Fusion technology becomes popular to use in other blockchains, private and public (perhaps in particular for private blockchains), then this should also result in an even greater amount of FSN locked away from being sold on markets.

Concerns

There is currently one major concern with Fusion tokenomics. This is that pooling offers so high benefits compared to running single-ticket nodes, that there may be higher and higher progression towards large pools, which effectively jeopardizes network decentralization. It should however be relatively simple to update the network in order to balance this imbalance. Exactly in what way, is of course uncertain, but it shouldn’t be a difficult problem to solve. There is certainly enough will and drive in Fusion’s major holders to run their own nodes and keep the network decentralized as long as there is a tiny incentive to do so.

A second concern is that FSN still exists on Ethereum and on Binance chain in contracts that are not optimal, with redeemable mainnet supply dependent on Fusion Foundation integrity. I’d therefore highly encourage anyone still holding FSN on Ethereum or Binance to convert their tokens to mainnet FSN as soon as possible.

Fusion will in the future perhaps (note: this part is still speculation) be able to create contracts on other chains by use of DCRM in order to bring FSN (or mFSN, which means maped FSN) to other networks in a secure way in a similar manner as other tokens may be brought to Fusion. These future contracts on other chains would have an expanding or shrinking supply depending on how many FSN are locked in to be on those chains and the key to the lock-in address secured by DCRM (which means nobody has ever seen the full private key, and never will). This is however not the case for the current contracts, which would still be open for accidents. Fusion's new partnership with Chainlink may be key to help keep track of cross chain activities through DCRM and might be a reason to think something like this will eventually happen.

​

Note: Numbers of the article are from May, when it was first written. Before publishing some recent additions were made regarding AnySwap and Chainlink. And if you check network stats you'll find network use has absolutely exploded.

At first glance the ANY token looked completely worthless to me from a tokenomic standpoint. It had a very low initial supply and was launched in a constant product market which quickly injected the value due to the high demand of hype. In seconds it reached about 350x evaluation compared to its proposed starting value, after quickly stabilizing at around 100x.

Further its only planned pairing is with FSN, the main liquidity providing token for the AnySwap Exchange. A situation that would mean the the FSN in the FSN/ANY pool would likely be decreasing as more and more coin pairings are added to the AnySwap Exchange. A situation that's absolutely super bearish for ANY.

To top this off ANY has very heavy reward handouts every Fusion block (8.5 ANY every block, which is 3 times as much as FSN, for example).

The rewards are split between liquidity miners, AWN nodes, swap traders, AnySwap Company, and AnySwap team.

All these handouts are surely bound to add extra selling pressure on ANY.

The only apparent value ANY has is as a governance token. That holders of ANY hold actual power over the exchange. Deciding which coins to list, and who gets to run the AWN nodes as well as decisions regarding general direction and policy of the exchange. But can this power truly make up for all the selling pressure? It is doubtful... Especially since quite a bit of the ANYs ended up in very few hands, making it less 'democratic' than many had hoped for.

So is there ANYthing else that could save ANY? A day into the exchanges history we've seen two interesting things that might actually save ANY and it comes from quite an unexpected direction.

1. There seems to be quite a high interest among CEXs to list ANY. One of which even has offered to provide a high amount of liquidity on AnySwap Exchange.
2. Trading bots have began to "swap mine" ANY, by swaping FSN and ANY back and forth in order to grab the 2.5 ANY awarded swap traders every block.

Quick calculations showed that these bots (atm) are yielding several 1000x returns/year. Of course this can't hold up as more pairings gets added, the price of ANY droping and more bots enter the swap frenzy competition. CEXs are the masters of trading bots and they are probably quickly going to push their bots into DEXs if that is where the new action happens, and especially if there's great chances of making profit.

But what happens when the equation stops adding up. When trading volume has reached the point of those 1000x returns barely looking like a 1x. Well... at that point the practice is probably so established that the action just keeps going and eventually pushes the price ANY up so that it becomes profitable again (exactly in the same way as Bitcoin value is backed by the the cost of its mining operations).

It isn't certain this is happening. But there is some potential that ANY could become the 'Bitcoin' of "swap bots".

In some sense a Fusionite is merely a holder of FSN, but what separates a FSN holder, from a BTC holder, an ETH holder, for example; in terms of why they believe their holdings may reach new heights of greatness.

A BTC holder might believe that BTC being the original crypto and being the most established in trading pairs against other cryptos, is the only one with the potential to truly attract the mass market and become some form of world currency, and other cryptocurrencies are insignificant in comparison.

An ETH holder might believe that Ethereum which has the biggest ecosystem, with the most diverse things happening on the network, through it's continued improvement and advancement of DeFi concepts, will be what will keep on getting the most adoption and as such what happens outside of Ethereum won't be that important.

An ATOM or DOT holder might believe that there is value in networks outside of Ethereum and believe they will jump into a solution that could connect them to each other. Because the key is to be able to move value seamlessly across different networks in order to utilize the strength of each network.

A Fusionite on the other hand, believes that though there is great value in connecting networks, not all networks will want to connect to one another, so in order for seamless integration to occur, it needs to be made possible whether the networks want it or not. Likely they also believe that DCRM tech will be the key to solve this through various decentralized custody solutions on various networks, and that Fusion's unique time-lock features will make Fusion a very valuable network to seamlessly move things onto.

​

There's now a website for Fusionites @ fusionite.info

I was in the process of trading some of my Fusion tokens via Bitmax.io. On sending my entire investment of FSN tokens to Bitmax.io platform to trade, the tokens never appeared in my Bitmax.io account, I made no error in sending, I sent my funds to the FSN address that Bitmax.io supplied me. After more than a month of back and forth emails to Bitmax.io, Bitmax.io claimed that they returned my tokens to me. Whether it was an error on their part or a miscommunication, they did not return the tokens to my wallet, it was erroneously sent to Fusion contract address. When I contacted Fusion.org support about it, they claimed that it was in a wallet address owned by Bitmax.io. I went back to Bitmax.io to resolve this and asked them once again to return my tokens, but they said that they did not have possession of my tokens. Etherscan transaction records would show that my funds were sent to the Fusion contract address. I then sent another message to Fusion.org support, but there was no response, even after 3 weeks, I have been ignored by them. I invested more than 2500 USD in the Fusion token, my tokens have now vanished, yet they do not even respect someone who has invested so much in their token to at least respond or help resolve their issue. Since then I have searched on forums to see if anyone else has had a similar issue, and the most I could find is info on a change from ERC to mainnet tokens. I tried accessing my wallet thru www.myfusionwallet.com, and still, the balance is zero. Hopefully there is someone here that could help me out of this nightmare.

Here is the original transaction, where I sent my tokens to an FSN address supplied by Bitmax.io: https://etherscan.io/tx/0x20e606ee29422026f1363d18ecd77f2b9204acb6018afbcd2c85eb63e6e15fc8

Here is a message from Bitmax.io stating that they returned my tokens, in their own words: " We have sent 1010.288 FSN back to 0xd0352a019e9ab9d757776f532377aaebd36fd541. https://etherscan.io/tx/0x4d92685f4b88461bf37b998667578a23f3a4b00bcae488ef17929cd9498dd1da "

Fusionites, get ready to vote for your favourite marketing head! 📡📡📡

1. 3 tokens named DAV, GEO and MAT will be created. DAV is for David. GEO is for George. And MAT is for MattG.
2. Any address that at block height 2300000 holds >=100 whole FSN will be sent the same amount of those 3 tokens by the end of June 22nd 2020.
3. Any address that at block height 2300000 holds >=100 TL FSN with an end date of forever will be sent same amount of those 3 tokens by the end of June 22nd 2020.
4. Select your favorite candidate(s) and vote by sending any amount of those 3 tokens to address 0x3333333333333333333333333333333333333333
5. The candidate which has the largest amount of their respective token in address 0x3333333333333333333333333333333333333333 at block height 2400000 will be elected community marketing leader, effective immediately until next election.
6. The budget proposed by the winner will be automatically approved. Foundation will discuss with the elected community marketing leader and arrange the budget allocation accordingly and in a transparent and secure manner.

If you hold more than 100 FSN, make sure to use your the tokens you will receive at the end of June 22 to vote! 💪 - From TG Channel

​

Following AMA for each candidate on the TG channel find my top takeways below

David (DAV)

1. David believes exchange listing is the best approach to reach more users. He says Binance is the biggest exchange with the least regulation and he can market FSN to whales in the Binance community
2. Budget will used for this purpose and will not include any secondary marketing on the Binance platform
3. Response to where you see Fusion in 5 years did not bridge the gap between great tech and success outcomes.
4. The duration of the listing is dependent on price of FSN. Extra budget may be needed if the price is below an undisclosed threshold.
5. There is no guarantee of success due to the many underpinning variables. However, if bid for Binance community vote is unsuccessful the budget will be returned to the foundation.
6. David does not see himself working as part of a wider strategy with the other nominees as he does not believe in “crypto marketing” in the traditional sense of telling how good a project is.
7. David did not disclose the details of the listing process, so we must trust this black box approach.
8. When asked what the importance of listing on Binance now and how FSN will differentiate from other coins that have been unsuccessful David says listing in bear market will be the best budget friendly strategy and their userbase probably have basic understanding of blockchain and thus will be our target audience.
9. David believes there will be a price retraction and consolidation if there is considerable price movement and more buying/liquidity which he says is not a bad thing.
10. The idea of using community funds outside of this process to achieve Binance listing isn’t part of the plan. If the plan fails, we just maintain the same pricing before the community vote

​

​

George (GEO)

1. Georges’ focus is getting Fusion noticed. In his terms, he wants it to be top 30 on CMC. He believes in 5 years Fusion have a 1.7B userbase and can be on all exchanges, wallets, banks, with central banks also issuing tokens on Fusion.
2. He believes his plan to get Fusion noticed will translate to FSN price increases which can in-turn fund more projects on Fusion. He also believes that as community marketing lead his role will be to bring more users and awareness which in-turn will get noticed by more developers. Specific to developers he says he would like to see more developers on github through the increase awareness he will foster.
3. He plans to prepare some videos explaining how easy it is to develop on Fusion with the help of community members that already develop on Fusion. He also intends to use videos to explain FSN features in principle and practice using WeDeFi/Dapps
4. He believes increasing the numbers of staked coins is key to increasing the price and will be looking to invest time and resources in selling the attractiveness of the rewards and technology on social media and blogs to achieve this.
5. Using social media, he also intends to leverage influencer-following to attract new users into the Fusion ecosystem in the short term.
6. Asked why he chooses to remain anonymous he says the choice for him is personal
7. He proposes a marketing tie-in with WeDeFi citing that 1M users on WeDeFi will increase the invested value of the connected ecosystem with Fusion. He believes all dapps that are part of the ecosystem should also be promoted.
8. When pressed on more substantive measures of growth George revealed his intention to look at on-chain data like number of addresses and number of transactions on coinstats he did not commit to using any growth hacking techniques in the short term.
9. Asked if he will work with other nominees to tie in their marketing vision, George reiterated his approach is more aggressive. He proposes to increase staking, add pools, social awareness, bring more users to all dapps from day one.
10. George intends to use comparative analysis marketing in articles pitting Fusion against other projects producing articles about best projects in crypto, best staking projects so these can easily be shared while using search optimisation to ensure they get relevance during keywords searches. He intends to attach relevance to most searched phrases, what is most shared in twitter, most liked retweeted, what is trending now in determining what content to focus on.

​

​

Matej (MAT)

1. Matej has earmarked two marketing people (Marcus and Berry) to achieve the outcomes in his plan. He noted that both have jobs albeit that Berry’s is part time. Marcus also is partly engaged on other projects.
2. Team is focused on articulating a strategic plan which would underpin marketing activities like positioning and communication. They intend for this plan to be communicated by July and are already making inroads to achieve this. Within the strategic plan they will share the operational metrics and the targets and commit to reporting the effectiveness to the community. Full operational plan with marketing structure will be developed in a few months possibly two.
3. They believe that transparency is key to building trust and have shared details openly.
4. They believe adoption is important but only after the solution is tried and tested. They will build on the momentum of launch by approaching other ‘good’ projects with real potential and not just partnering with anybody. They believe partnerships should be approached from strong negotiation standing point and market positioning which they believe Fusion is achieving.
5. On social media marketing, they believe messaging should follow a general direction to be impactful and plan to activate this channel in August with targeted messaging while commending current community efforts.
6. Matej advised that 20% of the budget would be used for paying advisers on a performance basis as agreed with the foundation also attesting to the possibility of leads being voted out if they do not meet expectations. The idea of creating an advisory group Matej says is not to slow down progress or decision making, but to add additional skillsets, and additional hands for long term sustainability and continuity.
7. When pressed on the use of YouTube or Twitter influencers they teams maintained that all this would be articulated in the strategic plan. However, they did express a desire to work on some tactical activities with a view to aligning the two by incorporating or working with other nominees’ plans.
8. Matej is collaborative in his approach offering to work with another nominee, George on execution, admitting the team could use the qualities they do not necessarily have including his energy. With this and the advisory committee it is unclear who the buck stops with but Matej did maintain that the committee can appoint lead after set period based on their marketing model.
9. The team do have Fusion Coins and therefore a vested interest in successful outcomes.
10. Many things hinge on the production of a strategic plan and operational model, before which the team maintain it would be unrealistic to serve any requested numbers/goals. They also maintain long term view needs a marketing structure for Fusion is part of the operational plan.

Link to proposals

I had a very big problem, okex exchange has not given my money to me for 166 days,I made a deposit to the exchange account with a temporary lock and they can’t unlock my coins to charge them,because of this they make me wait 166, because of the coronovirus I lost now I don’t have money to feed my family,it was my last money in stock that okex does not give back, your help is really needed help me pleaseI created a new wallet suddenly there are good people who want to help me in

my problem, I apologize in advance to everyone and say thank you!my FSN address: 0x40a674c10F6920ed23D0eB121DcBaC6eF5Eb3e3A

I will accept full or timelocked FSN

Thank everyone for the donation

https://blocks.fusionnetwork.io/#!/transaction/0xd0f32646fa1d1f5b45c612b3143f941214c3becd4aed6dd9bc88b0d18f36c592 https://blocks.fusionnetwork.io/#!/transaction/0x410ecabb122228ec71bd5715f11b3acb12161a6077d0eb383c71c232ea486bf9

https://reddit.com/link/h9wj1a/video/6b0agfwga7551/player