There is no doubt that blockchain technology is widely accepted by individuals to protect and store their valuables due to its encrypted, decentralised make-up. With keys, you can easily store your crypto assets on the blockchain securely. Hence it relates why the usage of wallets; cold and hard are used by both crypto investors and enthusiasts.
The newly launched protocol called Fusotao is such designed for order books authentication using mechanisms like on-chain or off-chain authentication and execution. It is a platform whose system has a sequential mechanism for matching thereby allowing users to trade with zero fear. This paradigm system formed on a decentralization format boosted via Fusotao . Generally, there is a list of several processes activated through features off-chain on Fusotao platform to aid fast, easy to use experiences for traders through CEX; centralized exchange systems. Likewise, assets are properly secured through authentications on-chain thereby safeguarding the individual's investment on Fusotao platform. A tokenomics system is required to aid characteristics mentioned available for every individual to utilize, maintain Fusotao functions effectively. For Fusotao's sustainable goal and, future growth amongst others, allocatiing TAO tokens including its cycle accessibility should be done carefully and proportioned to creators, crypto investors, and Fusotao community.
There is a native token for every blockchain network otherwise known as a utility token for which Fusotao protocol is no different. The Fusotao token; TAO is an integral, very delicate character of Fusotao's protocol platform. It inspires Fusotao effectiveness, as a proof of growth, repurchase, community governance, as well as transaction authentication. With TAO token, crypto developers and the community network are connected to build Fusotao's chain.
Characteristics of Fusotao Platform Protocol
There are no transaction fees incurred for making transactions in the DeFi world; decentralized finance.
Compared to swapping, Fusotao has a system off chain for matching which is faster.
With Fusotao, users enjoy similar trading experiences like centralised exchange systems.
Users have total rights to crypto assets at all times.
Distribution of transaction commissions to the community by staking.
What It Takes To Partake of Fusotao's Protocol
Fusotao is a protocol platform that has no governing body in charge of its operation; decentralized system. Also, its platform thrives on community. The allocation of major parts of TAO tokens is carried out benefits to their community as well as its contributing members.
Get Rewards being a Matcher
With Fusotao protocol being an absolutely access free network, so long as an individual holds TAO, he is bestowed the authority to hold onto it for exchange, begin to match, prove, and get rewards based on transaction quantity.
Stake
Crypto enthusiasts, investors, and users earn income passively by token staking. This process entails holding assets in the wallet for a period of time. When TAO is staked on Fusotao supported Decentralized Exchanges, you partake of the commission directly form commissions.
Get Trading Rewards
By trading via decentralized exchanges and financial platforms supported on Fusotao and dependent on the incorporation of Fusotao token holdings including its transaction quantity, a token portion will be distributed amongst TAO community.
Being a Validator
Octopus Network was collaborated with Fusotao Protocol to implement a more secure use by members. The validators receive benefits through staking OCT tokens (Octopus) thereby standing in as a collateral from malware.
Conclusion
Fusotao is a protocol fully decentralized, community driven, and unlicensed. Due to this, a large percent of TAO tokens is created by the community through mining. Furthermore, the tokens gets shared to members responsible for protocol maintenance and making transactions. Rewards allocation is distributed thus:
63% for community, 48% for transaction benefits, 7.5% for authentication benefits, and 7.5% for staking benefits.
Visit this Links below for more information on the Project
Website: https://www.fusotao.org/
Whitepaper: https://www.fusotao.org/fusotao-whitepaper.pdf
Telegram: https://t.me/fusotao
Twitter: https://twitter.com/FusotaoProtocol
Github: https://github.com/uinb
Discord: https://discord.gg/WDwB4X8Kdz
Medium: https://medium.com/fusotao-protocol
Authorship
Bitcointalk Username: Onyiiok
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2766257
Proof of Authentication: https://bitcointalk.org/index.php?topic=5405105.msg60510054#msg60510054