Exchange of cryptocurrencies easier, inexpensive and faster?

I for one am a trader, I buy BTC, ETH, STEEM and other cryptocurrencies just to exchange on platforms like binance, blocktrades, bittrex and others. But at that trading these cryptocurrencies never give me maximum gain (profit), my sole purpose for this kind of business is to make profit but yet it is not in my favour this is because, there are extra transaction charges I have to pay during the exchange process. But with fusion my trading just got better…

What is fusion

Fusion is an organization set out to establish a new platform for cryptofinance, bringing the world finance into a new era (the cryptofinancial era). Values across different blockchains would be able to be converted with fusion, thereby fulfilling all the abilities of the traditional finance but all in a distributed and more efficient manner, with a substantial cost savings. Many unprecedented financial functions that cannot be imagined or implemented in the scenerios of centralized organizations can be achieved with fusion.

Fusion’s Vision

The vision of fusion is to establish a public blockchain as an inclusive cryptofinance platform that will tend to the bottlenecks of interoperability and scalabilty to provide a complete financial function bringing about an interesting new era of Internet of Values (IoV) evolving from the Internet of Things (IoT).
In controlling the private keys and the various types of tokens, fusion utilizes distributed network nodes. So doing it connects various values by creating a control and management layer on top of all types of blockchains. In expanding on the case of interoperability and usability centralized organizations and off-chain data sources will also be equipped with an interface for fusion.

Fusion is Scalable, Reconstructive and Inclusive

• Scalable; By using a Turing-complete virtual machine, a window is open for a lot of people to know about cryptofinance on different blockchains and coins (tokens), creating many possibilities that has never been imagined.
• Reconstructive; Fusion is enabled to support all types of financial services in an outstanding way, making value flow in a more efficient and fundamentally-changed manner.
• Inclusive; Fusion incorporates cryptocurrencies that are currently in existence and the ones that will be born in the future, it also connects centralized and decentralized organization not leaving out both the on-chain and off-chain data.

Internet of value

This phrase is culled from the phrase “Internet of Things”. Well it can be defined as the ability to transfer value just how data and information can be transferred over the internet. Internet of Value (IoV) based on blockchain technology has the characteristics of decentralization, digitalization, intelligence and inclusiveness. Digitalization and intelligence bringing efficiency down to the IoV. The more essential characteristic is decentralization as it solves the problem brought by centralized organizations. And the Internet of value being inclusive, as people can better protect their property rights with the use of their private keys, disputes can be resolved through concensus mechanism, and people can participate cooperation in division of labour in much lower barriers with the peer-to-peer networks. But still the Internet of Value still has some bottlenecks in three areas;

• Interoperability
• Scalability
• Usability

Fusion’s solution to Internet of Values bottlenecks

• Interoperability; The Internet of Value still has difficulty in communicating value across different blockchains. With fusion a public blockchain is established where various tokens belonging to different blockchains can interact with eachother in exchanges thereby bridging the gap of communication difficulty.
• Scalability; The Internet of Value is just beginning to expand itself and it is difficult to map out the actual application scenarios involving various currencies, organizations and data sources to a blockchain to form a distributed solution, this is hindering the migration of off-chain values to the internet of value. But with fusion an interfaces for the tokenization of data sources and off-chain values onto the blockchain will be provided thereby solving the problem of scalability.
• Usability; The Internet of Value has a lot of work to do such as standardization, platformization, application ecology, functional modularity etc. resolving all these is a long-term basic task. But with fusion all these can be settled with time, through cryptography, advancement in tokenization technologies, programming, especially interoperability and scalability (already settled above) thereby needing just a short-term to completely resolve this problem

Use cases

Risk-free Token Loan

With fusion you can borrow or loan any token and not be concerned with trust, as a fusion based smart contract will govern and execute risk-free loans as it governs the amount interest rate and time.
Watch short video on risk-free token loan;

Risk-free Contract Market

The fusion blockchain will enable a market of pure trading financial contracts, opening new possibilities for cryptofinance. Fusion based smart contracts can be used similar to bank cheques and they are risk free since the smart contract code creates a guarantee of future payment.
Watch short video on risk-free contract market;

Mortgage Smart Contracts

Here a smart contract is carried out on a mortgage;
Let’s use this scenario: John has a car he wants to sell for 500 STEEM, jimbo likes the car and wants to buy it,but has just 200 STEEM what happens is that a the car token organization a legal service provider that helps car owners to tokenizes their cars with different token name tags on the fusion blockchain. The car is fully tokenized as called C1 then the risk taker the Tokenloan company provides a loan of 300 STEEM and then the risk free takers provide 300 STEEM too. All this are sent to the Mortgage smart contract. Then John is given the 500 STEEM, Jimbo is given the car (300 STEEM mortgage loan) and pays a certain amount of STEEM for a speculated period of time. Part of the interest goes to the risk free takers and the principal back goes to the Tokenloan company. In all thes the MSC has rights to sell the mortgage is Jimbo fails to pay. If time for payment elapses and Jimbo is not able to complete payment, the car will be taken away from him. But if after the period of time, Jimbo makes complete payment, the car is released to him and the 300 STEEM goes to the Tokenloan company as they hav made sure the risk-free investors remain risk-free.
Watch short video on Mortgage smart contracts;

Cryptofinance

Cryptofinance can be said to be the on-chain financial activities on the Internet of Values and their related off-chain financial activities. Its shortcomings include;

• Market: Cryptofinantial markets are seriously underdeveloped in terms of depth, breadth and ecology
• Interoperability: cryptofinance is now difficult to interoperate through cross-chain, cross-organizations and cross-datasources
• Programmability: Smart contracts are not automated, are unintelligent, and dysfunctional.

How does the ability to map chains and transaction logic improve interoperability?

Fusion uses distributed nodes to map different tokens upon the public blockchain thereby establishing an environment for different tokens to interact which makes it operable for a vast population.

What are the benefits of having a cross chain financial platform?

A cross chain financial platform explaining this; it is a common ground where two or more chains can interact. Similarly fusion establishes a public blockchain where various tokens from different blockchains are mapped thereby creating an environment for interaction between them.
The benefits available here are; the transactions will be easier (everything happening on a blockchain), faster (eliminating mobility barriers), inexpensive (eliminating extra transaction charges) and it would incorporate a larger number of people around the world.

Fusion’s Token and Token Distribution

Every blockchain has its token, for this particular blockchain the token is FSN. The total amount of FSN tokens in supply is about 81.92 million. Here is a chat on the token distribution;

Meet the Team, Advisors and Ambassadors

Meet the great team that has built this organization so far in excellence;

Management Team

Advisors

Ambassadors

Roadmap

Here is a summary of all notable event that has taken place from the onset of this organization and their future plans;

Here is a video of Dejun Qian CEO & Founder of Fusion;

GIF Animations

GIF 1

GIF 2

This is an @originalworks sponsored contest, check it out here

For More Information & Resources;

Fusion Website
Fusion Summary
Fusion WhitePaper
Fusion Telegram
Fusion Twitter
Fusion BitcoinTalk
Fusion Medium
Fusion Videos Page
Fusion Linkedin
Fusion Facebook
Fusion Github

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