Fusotao Protocol

foni-rejeki (38)in #fusotaoprotocol • 2 years ago

About FUSOTAO

The Fusotao Protocol is a verification protocol for an order book-primarily based matching gadget, using the paradigm of "execute off-chain, affirm on-chain". Powered through the decentralized infrastructure of Fusotao, trust-free order book-based matching systems with zero-fee fuel and occasional latency may be constructed. Through the method of off-chain matching, the manner of order submission, order matching, certification generation, and other methods runs on a centralized off-chain server, which permits investors to achieve the same speedy and user-friendly buying and selling revel as CEXs. Through the technique of on-chain verification, most effective whilst the transactions underneath the chain skip the verification at the chain, will the person's belongings on the chain be changed, thereby ensuring the safety of the consumer's belongings.

To achieve the above-stated comfy, speedy, decentralized, and scalable Fusotao protocol, a whole set of Token financial incentive mechanisms is wanted to enable all members in the environment to at the same time hold the operation of the Fusotao machine.

For one factor, the percentage of tokens and unlocking cycle need to be as it should be allotted to present the full play to the initiative of developers, investors, and network contributors, permit the Fusotao Protocol to reap long-term prosperity; For some other, incentives want to be given to block packers, transaction certification provider providers, transaction individuals, and network governance to acquire sufficient liquidity, protection, and balance of on-chain economic merchandise.

Project Introduce

Fusotao community is an Octopus Network-based software chain to hold users’ belongings and verify the matching transactions from off-chain change offerings. Founders can build their very own DEXs with the aid of the usage of the Fusotao app chain as an on-chain verifier and deploy their off-chain matching server.

Communities can earn rewards by way of trading on the DEXs or immediately staking tokens for the DEXs backed by using Fusotao Protocol to share transaction costs from them.

Token Information

Basic Information

Token name: TAO (Fusotao Protocol)
Total supply: 100,000,000
Tokens in Circulation：7,500,000 (15th July 2022)
TGE Date: July 15th, 2022
Price for early investors: angel round: $0.2, seed round: $0.3, strategic round $0.5

Token Distribution and Token Release Schedule:

TAO is the local utility token of the Fusotao Protocol. It is a hyperlink that incentives developers and network individuals to take part in constructing the Fusotao environment. More than 63% of TAO tokens can be distributed to the community. TAO rewards may be obtained with the aid of collaborating in trading, community governance, verification nodes, and TAO staking. The community can earn rewards with the aid of trading or immediately percentage transaction expenses via staking tokens on the DEXs backed by way of the Fusotao Protocol.

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