Introduction
Organizations thrive because of key roles, teamwork, effective management, etc. Similarly, every blockchain network or crypto platform has specific systems necessary for the functionality of its vision. A unique protocol, Fusotao has been launched for accurate trading services using an unpopular proof of matching mechanism to secure users' assets, improve the system, and yield better rewards.
In Fusotao's ecosystem, there are major positions governed by certain individuals. One of them is developers. They are saddled with putting several infrastructures together and maintaining their protocol as well.
A Developer's Role
Officially, the team of developers is rewarded TAO tokens worth 8% in 5 years. This will be used as incentives for testnet and airdrop. On centralized exchanges and decentralized exchanges like Ref Finance and fxdx, TAO tokens worth 4% will get listed in the 3 months time frame after the launching of mainnet to get TAO-USDT as initial liquidity.
It is of utmost importance that an expert team consisting of legal advisers, application developers, media reporters, content producers, and design coordinators. Hence, about 6% of Fusotao tokens are kept to create a foundation for project development to inspire supporters.
Unlocking and Vesting of Fusotao Token
For quite a long time, the team has been focused on maintaining and upgrading Fusotao's ecosystem including the provision of incentives to development teams and network members for a long duration. The Fusotao tokens will then be accessed after 5 years. A sum of tokens will be unlocked yearly as the mainnet launching occurs.
Hence, this protocol describes a set of unlicensed people whose activity is wholly decentralized. This results in a large percentage of Fusotao tokens being formed through network mining and getting shared with members of the Fusotao network to regulate Fusotao's operation and transaction execution. A sum of about 63% gets to the community as benefits, where transaction benefits get 48%, and stake gains are 7.5%, including authentication benefits.
From the TAO economy analyzed above, we observe 63% of Fusotao tokens set towards the associates involved in the ecosystem like the TAO stake members, network traders, including block validators. These individuals are primary supporters who make sure operations carried out within and out of the Fusotao system are stable to attain secure activities, at great velocity, and at no fee. Proof of Trading, Validator, and taking are means by which these contributors get gifted their TAO tokens. Another fact worthy to note is that ambassadors around the globe and people who support the Protocol, Fusotao will get rewards as developers plus marketers.
Proof of Stake
Every participant who stakes is required to lock the Fusotao tokens, TAO staking system. So, stacking advantages will then be calculated automatically established on the percentage of tokens locked. Afterward, users can collect their rewards and staked TAO tokens when the staking period is over. While the stacking period lingers, users are not allowed to withdraw their staked fusotoa tokens. Yearly, a token worth approximately two million Fusotoa's is shared with stacking volunteers as Proof of Staking.
Trading Benefits
48% of the sum of TAO tokens is allocated for trading rewards. It serves as the core aspect of community benefits. Rules governing dispensing trading bonuses have been put in place. For instance, a Fusotao block gets 6s, then trade benefits are given to people who joined in the trade on-chain with 14,400 blocks, that is, 24 hours or 1 era meaning a trading period for a minimum unit.
Conclusion
Fusotao is a protocol that motivates users to invest in its token and take part in events as gains will be allocated to them. Its unique matching system exempts it from similar blockchain projects.
Projects Information
Website: https://www.fusotao.org/
Whitepaper: https://www.fusotao.org/fusotao-whitepaper.pdf
Twitter: https://twitter.com/FusotaoProtocol
Telegram: https://t.me/fusotao
Discord: https://discord.gg/WDwB4X8Kdz
Medium: https://medium.com/fusotao-protocol
Github: https://github.com/uinb
Writers Information
Bitcointalk Username: Pullorient
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2767518
Proof of Authentication: https://bitcointalk.org/index.php?topic=5405105.msg60508430#msg60508430