FUSE
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FUSE

Fuse Network 5-10 years
Website https://fuse.io/
Browser
OTH RELPs
White Paper
Avg Price
+1.32%
1D

$ 0.11859 USD

$ 0.11859 USD

Market Cap

$ 23.205 million USD

$ 23.205m USD

24h trading volume

$ 1.82 million USD

$ 1.82m USD

7d Vol

$ 11.622 million USD

$ 11.622m USD

Circulating supply

219.882 million FUSE

Related information

Issue Time

2019-09-01

Platform pertained to

--

Current price

$0.11859USD

Market Cap

$23.205mUSD

Volume of Transaction

24h

$1.82mUSD

Circulating supply

219.882mFUSE

Volume of Transaction

7d

$11.622mUSD

Change

24h

+1.32%

Number of Markets

77

Token conversion

/

Current Rate0

Available

0.00USD

Calculate

Historical Price

Introduction

Markets

3H

+5.54%

1D

+1.32%

1W

+1.77%

1M

+15.22%

1Y

-66.11%

All

-66.11%

Aspect Information
Short Name FUSE
Full Name Fuse Network Token
Founded Year 2019
Main Founders Mark Smargon
Support Exchanges Binance, Uniswap, Hotbit
Storage Wallet Metamask, Trust Wallet

Overview of FUSE

FUSE, also known as Fuse Network Token, is a relatively new type of cryptocurrency that was founded in 2019. It was primarily developed by Mark Smargon and is actively supported on prominent cryptocurrency exchanges like Binance, Uniswap, and Hotbit. Users wanting to store their FUSE tokens have the option to leverage popular storage wallets such as Metamask and Trust Wallet. As with any cryptocurrency, it's crucial to perform thorough research and consider various factors before investing.

Overview of FUSE

Pros and Cons

Pros Cons
Founded by experienced team Relatively new project
Listed on high-volume exchanges Potential for high volatility
Supported by popular wallets Specific risks associated with token investing
Utilizes blockchain for decentralized finance Limited historical performance data

Advantages:

- Experienced Team: The Fuse Network was established by an experienced team, led by Mark Smargon. This could be beneficial as the team's expertise and experience could potentially drive the project's success.

- High-volume Exchanges: The FUSE token has been listed on prominent, high-volume cryptocurrency exchanges such as Binance, Uniswap, and Hotbit. This accessibility can enhance its liquidity and trading capability.

- Wallet Support: The cryptocurrency is supported by popular and secure wallets including MetaMask and Trust Wallet. This can provide reliable and convenient storage for the token.

- Decentralized Finance: FUSE utilizes blockchain technology to facilitate and simplify decentralized financial transactions, a usage that is currently in high demand within the crypto space.

Drawbacks:

- New Project: As Fuse Network was only established in 2019, it's relatively new to the market. This can pose potential risks as it lacks a long-term track record of performance and stability.

- High Volatility: Like many cryptocurrencies, the FUSE token could be subject to high volatility. This can lead to rapid and significant fluctuations in value, which could be potentially risky for investors.

- Token Investment Risks: The FUSE token, along with other similar crypto-assets, carries specific risks associated with token investing. These risks can include changes in regulatory circumstances, technological issues, and market-demand fluctuations.

- Limited Historical Performance Data: Given that Fuse Network is a relatively new project, there is a limited range of historical performance data available for analysing its long-term viability and potential for growth.

What Makes FUSE Unique?

FUSE represents an attempt to innovate in the area of decentralized finance (DeFi). Its main point of difference comes from its intended use case: the Fuse Network is engineered to provide a platform for the easy creation of community-driven currencies and payment systems. This is a niche within the DeFi space that is not heavily addressed by many cryptocurrencies.

Fuse Network combines public and private blockchain elements to allow businesses and communities to establish and operate their own micro-economies. This sets it apart from many cryptocurrencies, which primarily exist solely as a digital asset for trading and investment. The introduction of this functional use case is one of the key innovative steps attempted by the FUSE network. It is crucial to note, however, that this is one among many approaches leveraged by different cryptocurrencies within the vast and rapidly evolving digital asset landscape. While innovative, the success of such approaches depends on various factors, including adoption rate, regulatory landscape, and market demand.

What Makes FUSE Unique?

How Does FUSE Work?

Fuse operates on a concept referred to as the “Electricity Model.” It functions as a layer two blockchain designed to offer advanced, scalable and cost-effective DeFi solutions.

It integrates the Ethereum blockchain and its layer two solution, offering a public blockchain infrastructure that supports cost-efficient peer-to-peer transactions and integration of smart contracts.

Fuse works in two modes - On Fuse Studio, anyone can deploy their customizable digital economy or community with its own native tokens. Tokens can be dispersed through a defined social graph, following unique economic policies set by the community or economy creator.

Simultaneously, tokens can be moved from Fuse Studio to the Fuse blockchain, where transactions cost less than $0.01 per transaction. This offers a cheaper and more scalable alternative, especially for high-volume, low-value transactions.

The principle behind Fuse is to abstract away the complexities of blockchain technology, thereby allowing for an accessible and user-friendly experience while utilizing the benefits of decentralized finance. It aims to make the concept of community-based economies using blockchain a reality.

However, it ought to be noted that while Fuse's working model may provide potential benefits, a thorough investigation is necessary prior to involvement due to the inherent risks often associated with new technologies and blockchain projects.

Circulation of FUSE

Fuse Network Token (FUSE) is the native cryptocurrency of the Fuse Network, a decentralized finance (DeFi) platform that enables users to send, receive, and exchange assets across multiple blockchains. FUSE is used to pay for transaction fees on the Fuse Network and to reward users for participating in the network's governance.

Price Fluctuation

The price of FUSE has fluctuated significantly since its launch in 2021. It reached an all-time high of $0.44 in November 2021, but has since fallen to its current price of $0.01 (as of September 24, 2023).

The price fluctuation of FUSE is due to a number of factors, including:

  • Overall cryptocurrency market conditions: The cryptocurrency market is notoriously volatile, and FUSE is no exception. The price of FUSE is likely to follow the overall trend of the cryptocurrency market.

  • Demand for FUSE: The demand for FUSE is driven by a number of factors, including the popularity of the Fuse Network, the number of users on the platform, and the overall interest in DeFi.

  • Supply of FUSE: The supply of FUSE is limited by a total circulating supply of 2.5 billion tokens. However, the circulating supply of FUSE is gradually increasing as new tokens are minted to reward users for participating in the network's governance.

  • Mining Cap and Total Circulating Supply

    There is no mining cap for FUSE. Instead, the supply of FUSE is controlled by an algorithm that mints new tokens to reward users for participating in the network's governance. The total circulating supply of FUSE is currently 2.5 billion tokens.

    Price Fluctuation and Supply and Demand

    The price of FUSE is determined by the supply and demand of the token. If demand for FUSE exceeds supply, the price of the token will rise. Conversely, if supply exceeds demand, the price of the token will fall.

    The supply of FUSE is controlled by the algorithm, but the demand for FUSE is driven by a number of factors, including the popularity of the Fuse Network, the number of users on the platform, and the overall interest in DeFi.

    As the Fuse Network becomes more popular and more users join the platform, the demand for FUSE is likely to increase. This could lead to a rise in the price of FUSE. However, the supply of FUSE is also increasing as new tokens are minted to reward users for participating in the network's governance. This could put downward pressure on the price of FUSE.

    Overall, the price of FUSE is likely to continue to fluctuate in the future. However, the long-term outlook for FUSE is positive, as the Fuse Network is gaining popularity and the DeFi sector is growing rapidly.

    Exchanges to Buy FUSE

    Exchange platforms that support FUSE include:

    1. Binance: Being one of the most popular crypto exchanges, Binance supports a range of pairs for trading FUSE. Common pairings include FUSE/BTC and FUSE/ETH.

    2. Uniswap: Uniswap is a decentralized exchange (DEX) with automated market-making protocols on the Ethereum blockchain. It typically supports the trading of FUSE with ETH and other ERC-20 tokens.

    3. Hotbit: Hotbit offers users a range of trading pairs for FUSE, such as FUSE/BTC and FUSE/USDT.

    4. Balancer: Balancer, another decentralized exchange on the Ethereum blockchain, permits trading of FUSE with multiple ERC-20 tokens in customized liquidity pools.

    5. 1inch: This is a DEX aggregator that pulls liquidity from different exchanges, offering FUSE trading pairs like FUSE/ETH and FUSE/USDT.

    6. KuCoin: It offers FUSE trading pairs such as FUSE/BTC and FUSE/USDT, among others.

    7. SushiSwap: SushiSwap, a decentralized exchange on the Ethereum network, allows users to swap FUSE with other ERC-20 tokens.

    8. BitMax: Like the others, BitMax also facilitates the purchase and sale of FUSE tokens. It supports FUSE/USDT among other available pairs.

    9. Bilaxy: Bilaxy supports FUSE trading, primarily between the FUSE and ETH pair.

    10. CoinEx: CoinEx allows users to buy or sell FUSE against different currencies, with popular pairings like FUSE/USDT, FUSE/BTC, and FUSE/ETH.

    Please note that trading pairs may differ between exchanges, as they are determined by the specific exchange platform's policies and user demand. Always check the specific exchange for the most accurate, up-to-date information.

    Exchanges to Buy FUSE

    How to Store FUSE?

    Storing FUSE necessitates the use of a wallet that can securely hold ERC-20 tokens, as FUSE is built on the Ethereum blockchain. Here are some examples:

    1. Metamask: A popular option for holding ERC-20 tokens. It is a software wallet that can be added as a browser extension for Chrome, Firefox, Edge, and Brave browsers. It is also available as a mobile application for iOS and Android.

    2. Trust Wallet: Available for both Android and iOS devices, Trust Wallet provides you with a way to securely store your FUSE tokens. It supports all ERC-20 tokens, FUSE included.

    3. MyEtherWallet (MEW): This is an open-source, client-side interface for generating Ethereum wallets. It can safely store your FUSE tokens and gives you full control over your assets.

    4. Ledger: Ledger is a hardware wallet and is considered as one of the most secure wallets for storing cryptocurrencies. To store ERC-20 tokens like FUSE, you need to use it together with a software wallet such as MyEtherWallet.

    5. Trezor: Another hardware wallet that prioritizes on security. It supports all ERC-20 tokens and can be paired with a wallet interface such as MyEtherWallet or Metamask for transactions involving tokens like FUSE.

    Remember that it's vital to keep your wallet's private key, recovery phrase, or backup secure, as losing them could potentially result in a permanent loss of access to your tokens. Wallet selection ultimately depends on an individual's preferences and needs, as well as their approach to risk management. Always conduct thorough research before deciding which wallet to use for your assets.

    Should You Buy FUSE?

    Investing in FUSE, as with any other cryptocurrency, involves robust analysis and is suitable for investors who understand and can tolerate the potential risks and volatility associated with the crypto asset market. Some factors to consider include:

    1. Familiarity with Blockchain Technology: Familiarity with blockchain technology is crucial for understanding the inherent risks and potential returns.

    2. Risk Tolerance: Given the volatility in the cryptocurrency market, prospective investors should have a high tolerance for risk and not invest more than they can afford to lose.

    3. Long-term Vision: Investors who are aligned with the long-term vision and utility of the Fuse Network may consider adding FUSE to their portfolio. If you believe in the future of community-driven currencies and decentralized payment systems, this might be a project worthy of consideration.

    4. Market Research: Potential investors should conduct thorough market research, technical analysis, and possibly seek advice from financial advisors.

    For anyone considering investing in FUSE, it is recommended to:

    - Perform your research: Understand what the Fuse Network does, its use cases, and its long-term vision before investing.

    - Check the market: Look into the historical performance, project development, and the team behind the project.

    - Diversify your portfolio: Dont put all your eggs in one basket; diversify your investments to manage risk.

    - Understand investments: Cryptocurrency investments are usually very volatile, so be prepared for ups and downs.

    Always remember investment decisions should be based on thorough research and personal judgement. Each investors situation is unique and factors such as risk tolerance, investment goals, and financial situation should be considered.

    Should You Buy FUSE?

    Conclusion

    FUSE, or the Fuse Network Token, is a decentralized finance cryptocurrency that was established in 2019. The project places emphasis on community-driven currencies and decentralized payment systems, aiming to make them easily accessible and cost-efficient.

    In terms of monetary appreciation and revenue-generation, any predictions regarding the future value of FUSE would be speculative, as the value of cryptocurrencies is inherently volatile and unpredictable. The future economic performance of FUSE will depend on a multitude of factors including the broader evolution of the cryptocurrency market, regulatory changes, technology adoption and the overall success of the Fuse Network's vision and development strategies.

    From a developmental perspective, FUSE represents an interesting dimension within the cryptocurrency space, particularly within the field of decentralized finance. Its intent to facilitate the creation and operation of community-based digital economies offers a unique potential for growth and evolution, although this prospect is dependent on market demand and the technical progression of the Fuse Network itself.

    It's imperative for potential investors to conduct thorough research and possibly seek professional financial advice when considering an investment in FUSE. The dynamic and often unpredictable nature of the cryptocurrency market means that whilst there is potential for significant return, there is an equally significant level of risk.

    Conclusion

    FAQs

    Q: Is the FUSE token recognized by major crypto exchanges?

    A: Yes, the FUSE token is listed on several prominent crypto exchanges, including Binance, Uniswap, and Hotbit.

    Q: What risks should I be aware of when investing in the FUSE token?

    A: Potential risks include inherent high volatility of cryptocurrencies, specific risks tied to token investment, limited historical performance data, and the fact that FUSE is a relatively new project.

    Q: How does FUSE intend to innovate in the field of decentralized finance?

    A: FUSE focuses on enabling easy creation of community-driven currencies and decentralized payment systems, setting it apart from many existing cryptocurrencies.

    Q: What is the functional operating principle behind FUSE?

    A: Fuse operates on a dual-mode system leveraging both Ethereum blockchain and its own layer-two solution, facilitating cost-efficient peer-to-peer transactions and smart contract integration.

    Q: Which wallets are compatible with storing FUSE tokens?

    A: FUSE tokens can be stored in any wallet that supports ERC-20 tokens, such as Metamask, Trust Wallet, MyEtherWallet, Ledger, and Trezor.

    Q: I am considering purchasing FUSE, how should I approach this?

    A: Prioritize conducting thorough research, understanding the long-term vision of the project, consider your risk tolerance, and consider seeking advice from a financial advisor.

    Q: What factors could influence the future value of FUSE tokens?

    A: The future value of FUSE could be influenced by the broader cryptocurrency market trends, regulatory changes, technology adoption, and the success of the Fuse Network's development strategies.

    Risk Warning

    Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.

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