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FUSION completes a successful crowdsale, showing the strength and vitality of its new public chain

The FUSION public chain, which builds on inclusivity and balance in its community, has attracted over 126,000 ETH in a successful crowdsale

Singapore, February 2018FUSION, (https://FUSION.org/), the Foundation, that focuses on creating an inclusive cryptofinance platform to solve the barriers hindering the widespread use of blockchain technology in finance, announces today the successful completion of its crowdsale, with over 126,000 ETH (worth 104M USD today) committed by participants. FUSION hit the crowdsale’s cap in the first 24 hours, and has concluded the crowdsale today with an oversubscription of 2.5 times of its hard cap. As per the crowdsale’s unique mechanism, contributions over the cap have been returned to participants. FUSION is creating a system that can connect a variety of tokens, enabling complete financial functionalities that have not yet been explored using blockchain technology.

The FUSION Foundation has a strong commitment to support and foster its community, proven by the success of the new crowdsale mechanism. Nicknamed the “FUSION-type ICO,” this method not only allows everyone who would like to participate to do so but also eliminates Gas Wars and supports a good balance between small and large investors. Some further findings from this crowdsale have been:

  • Contributions came from over 7,000 unique addresses (some of which made repeated contributions during the crowdsale).
  • An overwhelming response to FUSION’s Community Partners Program, for which more 13,000 people from over 130 countries registered prior to the start of the crowdsale.

The FUSION Foundation aims to make smart contracts really smart, and actually usher in an era of cryptofinance. FUSION is the first public blockchain to provide a tangible solution for all digital currencies, constructing a truly connected financial ecosystem, and helping blockchain progress from a great theory to a practical system.

FUSION addresses the compatibility of cryptofinance, as the FUSION blockchain will support both tokens that already exist, and those that will be issued in the future. By solving pitfalls like this, FUSION allows smart contracts to interact with various parties despite the variety of tokens used to form them. For example, the platform can support applications offering multiple currency risk free loan system, by which users can apply for a loan in one form of token, and pay it back with another.

“We are extremely excited about the success of the FUSION Crowd Sale,” said Dejun Qian, Founder of FUSION, “However, it’s not only the monetary success that matters, but also how that success occurred. FUSION has a strong community backing it, because of the different features our public blockchain offers. Rather than our crowdsale hitting its cap because of a small number of large ‘whales’, we have the support from a community that truly believes in the project we will build, and that’s just as much a success as raising $50 million.”

About

Founded in 2017, FUSION provides a comprehensive solution for integrating cryptocurrencies that exist today and ones that will be issued in the future by connecting centralized and decentralized organizations, balancing authentication and anonymity, and integrating both on-chain and off-chain data. FUSION utilizes distributed bookkeeping nodes to control various types of tokens’ private keys, and establishes a control and management layer on top of different types of blockchains.

Dejun Qian, Founder of BitSE, is on a new path with one of the most promising blockchain project for 2018

The south-east Asia tech influencer and thought leader has founded a new blockchain project that its goal is to establish a public blockchain that will break the bottlenecks of interoperability and scalability

Singapore, January 19th, 2018 Fusion (http://fusion.org/), the project that is establishing an inclusive cryptofinance platform that will breaking the bottlenecks of interoperability and scalability in order to provide a full set of financial functions, is unveiling today its founding team, among them is Dejuan (DJ) Qian, Founder of BitSE, one of the earliest teams researching and developing blockchain technology.

Fusion, currently in stealth mode, is working on a solution for the scalability and usability problems within the various blockchain ecosystems, since current cryptocurrencies have only achieved limited functions of a complete cryptofinance ecosystem. With its solution, Fusion will allow all non-inherent blockchain assets to be a part of the chain, by tokenizing such off-chain assets as on-chain tokens and making them execute and transact within smart contracts.

Founded by DJ, BitSE is one of the earliest teams researching and developing blockchain technology, as the company has started its ASIC mining chip design at 2014, owning the earliest and largest mining centre in China. Since then, DJ and the team have launched two high profile blockchain projects: QTUM (https://qtum.org/en/) and VeChain (https://www.vechain.com/). In 2016, BitSE was selected as one of the “Top 10 FinTech Startups” and “The powerful blockchain infrastructure of the year”by Caishi China. DJ was selected as the ‘most Innovative CEO of that year for ‘Jiepu Prize’.

“As one of the early adaptors, I’m excited to see how 2017 brought the blockchain technology to the mainstream financial conversation,” says, DJ Qian, Founder at Fusion. “2018 is the right time to start looking at the scene as being mature enough and recognized enough to start thinking about the next steps, one of them: how to bring non-inherent blockchain assets to the chain, and that’s exactly what we’re planning to do.”

About Fusion:

Founded in 2017, Fusion provides an inclusive solution for integrating cryptocurrencies that exist today and ones that will be issued in the future by connecting centralized and decentralized organizations, balancing authentication and anonymity, and integrating both on-chain and off-chain data.  Fusion utilizes distributed network nodes to control various types of tokens’ private keys, and establishes a control and management layer on top of different types of blockchains.