As the world continues to advance technologically, there is a growing need for platforms that can make transactions faster, cheaper, and more accessible. That’s where Fuse Network Limited comes in. The Gibraltar-based startup is the driving force behind Fuse Network, a blockchain and mobile-payment-focused ecosystem aimed at making token-powered payments and decentralized finance (DeFi) available to everyone. In this startup showcase, we’ll take a closer look at Fuse Network, its key activities, and the products and services it offers.
The Fuse Network Blockchain
Fuse Network’s primary activity is helping maintain the Fuse Network blockchain. The blockchain is fully EVM-compatible and uses a variant of delegated proof of stake for consensus. Validators stake the network’s native token FUSE to be eligible for publishing new blocks, and any FUSE holder can delegate their tokens to one of the validators. The blockchain boasts fast block times and very low transaction fees, making it ideal for micro economies and payment-focused communities.
In addition to the blockchain, Fuse Network offers an open-source infrastructure designed to make it easy for companies, projects, communities, and users to build on the platform. The infrastructure includes the Fuse Studio tool for minting tokens and launching communities around them, the Fuse Wallet technology, the consumer-facing wallet Fuse Cash, the native DEX FuseSwap, the FuseX suite of stablecoins, including FuseDollar, the liquidity mining rewards platform, and a decentralized lending network.
GoodDollar, PeeplEat, Kolektivo and Comunitaria are some of the prominent projects and communities building on top of the Fuse Network platform. GoodDollar is a global project aimed at reducing wealth inequality through the distribution of a digital Universal Basic Income (UBI). PeeplEat is a social eating network that connects people through food. Kolektivo is a community marketplace that enables people to buy and sell goods and services. Comunitaria is a project focused on building digital communities that promote social and environmental causes.
Enabling Financial Inclusion
Fuse Network’s mission is to enable financial inclusion by making token-powered payments and DeFi accessible to everyone. With its low transaction fees, fast block times, and open-source infrastructure, Fuse Network is well-positioned to achieve that goal. By providing an alternative to traditional financial systems, Fuse Network is helping to democratize access to financial services and promote financial inclusion on a global scale.
Fuse Network Limited is a startup with a clear mission and a promising future. Its blockchain and mobile-payment-focused ecosystem has the potential to revolutionize the way people make transactions and access financial services. With its open-source infrastructure and growing list of projects and communities, Fuse Network is well on its way to making token-powered payments and DeFi accessible to everyone.
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