On the 16th of February, TAG community has a
Telegram AMA with FUSIBLE .
At the AMA, Santosh A– Founding Partner and introduce and share many Interesting information about FUSIBLE.
– Place : https://t.me/TAGVietnam
– Time : 20h00 (UTC+7) February 16th, 2021 at https://t.me/TAGVietnam
– Airdrop : 150$
And here are the key takeaways of the AMA:
TAG: The AMA would be happened as follows
Segment 1: Greeting and Introduction.
Segment 2: Answer the closed questions from community (5 questions)
Segment 3: Live Q&A session (5 questions)
TAG: Firstly, Could you please introduce about yourself and FUSIBLE?
FUSIBLE: Hello everyone. I am Santosh, Founder of Fusible, Computer Engineer by profession.
I was a part of freelancing gigs for crypto projects in early 2015-2017. Also, ran a mining rig in early 2017.
Then there is the Co-Founder, Prashant Kale,who completed Masters in International Business from Manchester, UK,
He previously co-founded a digital marketing company to scale financial clients worldwide.
And our team consists of a young talented pool of developers. Working overnight to bring you fusible in a few weeks
As the world in finance,especially in terms of digital currency, is evolving, so is the technology behind it.
We at Fusible are trying to make it easier and effective for NFT holders & collectors..
While auctions have been the most popular way of trading NFTs, they are not as efficient as
traditional open order book based bids\asks mechanism price discovery.
Since NFTs are non-fungible, the open order mechanisms pose certain constraints.
Time is another constraint that auctions suffer from. Creators have to either settle for the
highest bid obtained in a specified period of time, or will have to wait indefinitely for liquidity till a bidder emerges and matches the ask.
At Fusible, a seller can liquefy their NFTs into fractional parts which will help them trade it effectively. And due to this momentum of price action of fractional parts the whole worth of NFT is discovered.
TAG : And next, What are the competitive advantages of Fusible compared to other projects?
FUSIBLE : We are one of the unique solutions to solve illiquid NFT markets. We have a competitive edge over our competitors with our Fusible curve and AMM market integrated directly into the fusible ecosystem.
Which help direct price discovery compared to our competitors.
And now we will turn to segment 2: Answer the questions from community
First of all, I would like to say thank you to Tag’s members who have sent many questions about Fusible to us.
TAG: To start this segment, We would like to know Which market are you focus on ? Do you have any plans for Vietnam market ?
FUSIBLE NFT marketplace around the world is our prime focus.
We are optimistic about upcoming CryptoArtist and NFTs coming to Vietnam and hopefully these artists rule the market!
I urge Vietnam community to grab this NFT opportunity and become the flag bearers in NFT space
And utitlize Fusible platform where you are rewarded to use the platform with FUSI tokens
TAG Thank you for providing such useful information!
Staking seem to be popular right now on many blockchain project. Do Fusible have any plan to stake and what benefit of this staking.?
Yes, staking/yielding farming is definitely an
innovative approach to gain early users.
And Fusible does have plans for Staking right after IDO, where anyone staking FUSI or FUSI-LP tokens will be rewarded with extra FUSI.
We have a daily 2000-4000 FUSI set aside for rewarding and it’ll keep reducing 30% on every quarters.
for more info please follow @fusibleio_ann
TAG: The next question is: 3. What problems does Fusible want to solve and how can you solve this ?
FUSIBLE: Fusible is a protocol deemed to solve liquidity and price discovery problems of NFTs. And Fusible does it vua using a parameterized Fusible curve along with AMM curve which will result in much better price discovery of NFT.
TAG: And next, Could you tell me the motivation and benefit for investors to hold $FUSI in long term ?
FUSIBLE:: As price discovery protocol Fusible getting started! As we move along it’ll alone get better and we wish to be at the forefront of this innovation that can not only be applicable to NFTs but also be applied to traditional secote. Fusible is here to stay and augment our price discovery mechanism moving forward and we certainly believe that long term FUSI holders will rip the benefit of staking FUSI and being a part of our price discovery journey through community governance.
TAG: And the last question of this segment is: Could you tell me more about partnership and your plans to develop in future ?
FUSIBLE: Yes, partnerships are brewing the background but unfortunately cannot disclose atm. But stay tuned to our @fusibleio and @fusibleio_ann announcement channel on these updates and you ll also find resources of our roadmap and future plans on medium.com/@fusible
Now we turn to Segment 3: Live Q&A session (5 questions)
TAG: 1 How does the $FUSI token used in Fusible platform. What role and functions does $FUSI plays in Fusible ecosystem. And what are the benefits of holding $FUSI token for a long term ?
FUSIBLE Fusi token will be used in community governance and provide incentives to platform users.
TAG: 2 What sectors that your team are disrupting now ?
FUSIBLE: NFT price discovery.
TAG: 3 Could you give us an overview of the tokenomics? Is the token designed to rise and fall with the success of the platform? And does it include any scarcity paths such as stake, store, or burn?
FUSIBLE: readmore : https://fusible.medium.com/fusi-tokenomics-and-distribution-905dd2d4cf0a
TAG : 4 How did you get the community involved in developing the FUSIBLE project? and how do you build a strong community to grow globally?
TAG: 5 What are the ways that your project generates profit / revenue to sustain your project and what is its revenue model? How can it be mutually beneficial for both the investor and your project?
FUSIBLE: We take 1% fee from the buyer sider.
Tag: Thanks so much for taking your time with very detail answers ! Hope that TAG would be the great partner in Vietnam. I believe that Fusible will be hopeful project
FUSIBLE: Thank you hosting me in your wonderful community