Project overview - Fusion, the next Giant?
Hello there.
As we are at the moment in this bear market, for many of us comes the question, what will blow up if the bull market begins again in the cryptocurrency space?
What I am going to share with you could be one of these projects what will do that. This particular cryptocurrency is quite new and has not seen a wider public attention yet, but it has a very great team backing it and some exciting news in the pipeline.
Name: Fusion (FSN)
Website: https://fusion.org
Current price: https://coinmarketcap.com/currencies/fusion/
The biggest reason why I am so excited about this project is the team. I always thought that sooner or later we are going to see more and more new big players entering in the blockchain area, that already have good background and experience from the traditional existing marketplace.
And if you go to their website, you can see these people have been involved with companies like IBM, Goldman Sachs, Morgan Stanley, Linux, Barclays investment bank, Bank of America, as well people from more of an academic background.
One of the leaders for the company is Dejun Qian, who is also CEO of the BitSE, which incubated the more known platforms in the blockchain space as Vechain and QTUM. If you are not familiar with these projects, then Vechain is quite well-known for having nice partnerships with big names out there including a partnership with the Chinese government to help build a smart city in China (this is definitely something to check out if you haven't before), but also QTUM, which is similar to Ethereum that has already great promising companies integrating their technology to enter the market.
So, what is Fusion?
Fusion is a public blockchain devoting itself to creating an inclusive crypto financial ecosystem by building a value transfer infrastructure of various tokens. Fusion can convert values across various blockchains by removing the middleman and can fulfill almost all the functionality of traditional finance, but in a distributed and more efficient manner, with substantial cost savings. They provide interface for organization and integration of the cryptocurrencies that exist today and even those to be born in the future, connecting centralized and decentralized organizations, balancing authentication and anonymity, as well integrating both on-chain and off-chain data.
If we look at their roadmap:
By the end of Q2 2018, we can expect the Fusion main net to go live, with a target to have more than $10 Billion USD valued tokens/cryptocurrencies/digital assets running on Fusion. And by the end of Q3, they are targeting to have more than 100 billion USD valued tokens/cryptocurrencies/digital assets running on their platform and more than 1 billion USD valued financial activities using smart contracts.
Which in my mind is a quite bold and big target to have, but if we really get back to the team and research these guys and the media about the Fusion, then these are the guys who could really execute it.
As well I have found evidence that Fusion is visiting Consensus 2018 conference (14-16 May), which is one of the biggest if not the biggest blockchain conference in the world and this is where all the big players (both investors/blockchain companies) gives speeches and network with each other.
Ticket for this conference is 1799$.
And if you go to the link: https://www.coindesk.com/events/consensus-2018/sponsors/
You can find Fusion along with other big names as the bigger sponsors to the conference (Microsoft, IBM, Circle, Vechain, Ripple, Ark) - this is just that extra secure feeling about the project :)
So, I am sharing with you guys this because Fusion is a quite new project in the crypto space, which many "eyes" have not found yet. They entered the market on the 18th of February and so far they have not been added to big exchanges, which means that there is no access to a lot of big players to load up their bags.
At the moment, the price of the token while writing this is 1.87$ and the price of the ICO was around 2$. It is below the ICO price because Bitcoin (BTC) has tanked, but the market will recover at some point and people will start to jump in again, as they see prices starting to rise.
So my two cents for you guys is that one way to make good money in this market is that you buy into these gems way before the general market does. At the moment, this coin is sitting around 50$ million market cap, which is really low compared to what it could be, as there are these nice people behind it.
And infrastructure/platforms are a nice way to go if you invest in cryptocurrencies, as they have the most potential in terms of value.
I could see it 4-5x easily as the market starts recovering - And I am holding myself back here and really don't try to overhype this.
There is definitely more good opportunities on the market and I try to cover some of my picks before the market starts going up again.
Thank you for tuning in!
The idea itself is interesting and potentially profitable. However, there is a lot of "but". It is unclear exactly how the Fusion will attract business to their cryptopleura. The whole action plan ends only on the development of its own blockchain and absolutely nothing is said about the monetization of the idea. Moreover, the road map ends in 2018, after which everyone will be able to enjoy the "new era of crypto-Finance." It is not clear why this era will come at the end of this year. Also does not inspire confidence team Fusion. The profiles of the majority of participants are similar to scam, which is only a famous CEO who knows nothing about Google. Fusion has several channels of communication with its investors: Telegram, Bitcointalks, Medium. But, the vast majority of messages end on the advertising posts. It's possible that Fusion isn't a Scam startup, but a "focus" with the team is made to add importance. But, in any case, without sensible monetization startup is doomed to death and oblivion. This means that investors will sooner or later lose their money. Therefore, if you want to invest in Fusion, you should think twice. At the same time, it is better to invest very small amounts, which is not a pity to "say goodbye forever".
Hello there.
I really appreciate your effort to give some feedback, but seems to me you just looked it for 5-10 minutes without reading whitepaper and checking social media channels more deeply and gave an expertise advice calling the whole project more likely a scam. It just only shows you have not put forward much of an effort to really research this. But, of course, there is always a risk and everyone should follow their gut feeling :)
Thank you for sharing your opinion!