The Fuse Network is tailor-made for local communities and used to power day-to-day mobile payments for any person with a phone.
It’s designed to be a very low-cost alternative to traditional cash or cashless payments. It lowers the barriers of entry for entrepreneurs to launch wallets, payments services, loyalty programs, and any other systems that were previously powered by paper.
Moving money on Fuse costs a fixed fee of up to US Dollar 1 cent (max $0.01) per transaction. The network is designed to have an easy to use and understandable model that is ready for mainstream adoption and far more effective than existing alternatives.
Fuse provides a new way to launch services and reach customers using mobile payments. It allows entrepreneurs to integrate everyday payments into their businesses. It reduces the cost to launch and operate non-custodial micro-finance and micro-transaction services. It leverages the powerful shared business processes that blockchains provide.
Fuse lowers the bar of entry for entrepreneurs to build powerful, effective and sustainable products. So they spend less time and money on IT, and can focus on reaching and growing their clients and customers.
Fuse token is required to be paid to the network to approve transactions. The Fuse network is using the token to create circulation between users that look to validate transactions on the network and validators who invest computing resources and maintain it. Every block created on the Fuse chain is creating new Fuse tokens rewarded to the validators. This creates a 5% yearly inflation rate of Fuse tokens in circulation.
Fuse holders can lock it and delegate it to a validator in order to protect against inflation and get rewarded with Fuse tokens. The holders can select their favorite validator and validators are selected based on having the most Fuse tokens staked.
The native Fuse token is represented via an ERC-20 token on Ethereum mainnet and can be moved between the Fuse chain and Ethereum using the bridge.
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