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(14.09.20–18.09.20)
Hello Fuse community! In this week’s update, we bring you the highlights discussed in this week’s AMA hosted by Fuse CEO Mark Smargon and some more exciting updates!
Sunday’s AMA Highlights
- Covering current goals at Fuse — deep-diving into the user journey, expansion in Europe, South America and Africa. Mark showcased some of the live use-cases built on Fuse, namely PayWise in Trinidad, Wikibank in Spain, Digital Rand in SA, Seedbed & GoodDollar in Israel, Roost in UK, and Banexcoin in Peru. (5:02 YouTube)
- New network feature underway — Fuse Swap, a fork of Uniswap, is under development to bring deep liquidity to the Fuse network. Using the bridge, users will be able to convert between any two Fuse tokens instantly and without the need of a buyer or a seller. This development should bring more liquidity providers, transactions, and token holders to Fuse. (25:00 YouTube)
- Roadmap — covering Fuse goals for the next 2–3 years. Mark explains the importance of focusing on the long-tail acquisition of users of the open-source technology with tangible goals of reaching 1 million USD locked, 1 million transactions per day with 1000 launched micro-economies, and reaching parts of the world with undeveloped financial infrastructure within the next 2–3 years. (36:41 YouTube)
- Setting up network limits — Mark elaborates on the reasoning behind setting up a max limit of active validators with an aim of maintaining between 10 and 70 active validators to sustain low operating costs of the bridge operations. (41:47 YouTube)
- Launching a new bridge called AMB (arbitrary message bridge) — announcing a new bridge supporting not only ERC20 tokens but also the FUSE token, saving cost on gas, improving the speed of launching economies, and showing real total value locked in Fuse. (44:50 YouTube)
- New explorer v3 — showcasing the new explorer v3 featuring new token ownership data, token holders percentage, access information from contracts, mined blocks, along with general improvements on speed and data accuracy of the explorer. (49:56 YouTube)
Watch the full AMA replay here: https://bit.ly/2ZGabiM
Fuse YouTube channel: https://bit.ly/32KodSx
General News
Community and network growth — our community is growing at unprecedented speed! We have reached 500 members on our TG channel, and passed the 2k followers mark on Twitter! The Fuse network is also reaching new highs, details on our new explorer!
Featured blog on use cases of the Fuse network — in our recent blog we explore some use-cases for the Fuse network. Better yet all the examples given are not just conceptual ideas but actual projects that have built micro-economies using Fuse. Our hope is to provide inspiration for you to launch your own!
Get inspired: https://bit.ly/32CfJNk
New TG channel feature — a new reward program test is rolling out for our TG channel using a bot developed by our network validator and active member Andy Pohl. The reward system is aimed at incentivizing members to stay proactive in the TG channel via a reputation rank system with live payouts in FUSE tokens to all those answering questions, giving constructive feedback, and proposing suggestions for the network improvements.
Learn feature details here: https://bit.ly/2FQUC0O
Tune in for more exciting featured projects, collaborations, news, dev updates, and community talks on our channels:
Redefine mobile payments together with Fuse!
Until next time, the Fuse team.
