FSNV1
Fusion v1
Fusion v1
FSNV1
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About Fusion v1
Fusion (FSN) initially launched as an ERC-20 token designed to support cross-chain, cross-organisation, and cross-data source smart contracts. Its primary uses included staking and facilitating cross-chain interactions. The project was spearheaded by DJ Qian and managed by the Fusion Foundation, aiming to create a comprehensive cryptofinancial platform.
Fusion (FSN) is a public blockchain platform that initially launched as an ERC-20 token on the Ethereum network. The FSN token aimed to create an inclusive cryptofinancial platform by enabling cross-chain, cross-organisation, and cross-data source smart contracts. The initial distribution involved a token sale in February 2018, during which 20,480,000 FSN tokens were allocated. The tokens were exchanged at a rate of 420 FSN per ETH for the first 24 hours and 400 FSN per ETH for the remaining period.
The primary uses of the Fusion (FSN) token before its migration to the mainnet included:
- Staking: FSN tokens could be staked to participate in the network’s consensus mechanism and earn rewards. Staking involved locking up tokens to support network operations like block validation, with stakers receiving interest in return.
- Cross-chain interactions: The FSN token facilitated cross-chain transactions and interactions, enabling seamless integration of different blockchain networks.
- Smart contracts: FSN tokens were used to execute smart contracts that could interact across multiple chains, organisations, and data sources, leveraging Fusion’s unique architecture.
Fusion was created by DJ Qian, a prominent figure in the blockchain space and founder of several blockchain-related projects. The Fusion Foundation, responsible for the development and promotion of the Fusion blockchain, managed the initial token distribution and subsequent mainnet migration.
