Details

Last Funding Type

Initial Coin Offering

Industries

Blockchain,FinTech,Mobile Payments

Founded date

Jan 1, 2020

Number Of Employee

11 - 50

Operating Status

Active

Legal Name

Fuse Network Limited

Fuse Network Limited is the company facilitating the Fuse Network platform. Fuse’s main goal is to make token-powered payments and decentralized finance (DeFi) available to the greatest number of people globally, primarily through enabling payment-focused communities and micro economies.

Fuse Network's key activity is helping maintain the homonymous Fuse Network decentralized blockchain. The latter is fully EVM-compatible. The Fuse Network blockchain uses a variant of delegated proof of stake for consensus, meaning that validators stake its native token FUSE to be eligible for publishing new blocks. Any FUSE holder can delegate their tokens to one of the validators. The blockchain boasts fast block times and very low transaction fees.

In addition to the blockchain, Fuse Network offers companies, projects, communities and users a mobile-payment-centric open-source infrastructure. The latter 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. Users from almost anywhere in the world can easily deposit funds from their account onto the Fuse Network platform.

The most prominent projects and communities building on top of the Fuse Network platform are GoodDollar, PeeplEat, Kolektivo and Comunitaria.