370 STEEM + 60 Bonuses ~ Sponsored Writing Contest: Fusion

in crypto •  6 months ago

Welcome to the Fusion sponsored @OriginalWorks writing contest!

Status: CLOSED.

Accepted Languages:

  • English

Start Time: ~10 PM ET, Friday
End Time: ~10 PM ET, Monday

This is a call to all great Steemit writers! Fusion has sponsored a Steemit writing contest!

Please make sure to read the contest topic carefully. Good luck!

Prize Pool Total: 460 STEEM

Prizes: 370 STEEM + 60 Bonuses (1.5 Steem each)

  • 1st Place: 56 STEEM
  • 2nd Place: 47 STEEM
  • 3rd Place: 37 STEEM
  • 4th Place: 30 STEEM
  • 5th Place: 28 STEEM
  • 6th Place: 26 STEEM
  • 7th Place: 23 STEEM
  • 8th Place: 19 STEEM
  • 9th Place: 17 STEEM
  • 10th Place: 14 STEEM
  • 11th Place: 12 STEEM
  • 12th Place: 11 STEEM
  • 13th Place: 10 STEEM
  • 14th Place: 8 STEEM
  • 15th Place: 7 STEEM
  • 16th - 20th: 5 STEEM
  • 21st - 80th: 1.5 STEEM Bonus

Deadline: 72 Hours

All articles must be submitted within 72 hours of this post to be considered!

Changes in submission rules below

Fusion - The Future of Finance

Fusion will establish a new platform for cryptofinance. Fusion intends will be solving the divide between cross platform compatibility on the blockchain in the new world of "Internet of Values".
An analogy is drawn in the whitepaper, to how the old postal system was replaced by the email system. Fusion does not aim to improve the old, but rather to create a new system that can recreate all of the functions of a traditional financial system, but with greater efficiency and interoperability.


Table 1: Comparison with the Internet of Information, Fusion WhitePaper, Page 5

Cryptocurrencies carry a value, but current solutions at solving the issue of cross platform compatibility are costly and often inefficient. By solving this problem, Fusion hopes to be at the forefront the era of "Internet of Values".



Check out the summary here for a quick introduction!

Fusion Summary



Internet of Value

IOT(Internet of Things) has become a commonplace term.

The Internet of Values is a newly coined term that defines the ability to instantly transfer value the same way that we are able to instantly transmit data and information through the Internet.
The application of "Internet of Values" goes beyond traditional financial transactions. Every digital asset, token and cryptocurrency has a certain value as determined by the market.
The Fusion blockchain will enable blockchain developers to build applications for the new world of cryptofinance that allow multi-token smart contracts.

Current Blockchain Issues & Limitations

While the blockchain is an amazing technology that has innumerable applications, it has developed certain shortcomings as many new projects enter the sphere.

There is a lack of direct methods of operation and exchange of value between different chains as well as platforms. This restricts blockchain technology to operating within a sphere of their separate ecosystems. While this may work perfectly fine for their intended purposes, it restricts the number of financial tools that can be applied to such a disconnected market.


Table 3: List of Key Problems, Fusion WhitePaper, Page 14

To tackle these issues, Fusion will map multiple currencies as well as their transaction logic.

Interoperability

Interchangeability lies at the heart of Fusion.

Through the development of various blockchains and tokens, a divide is forming which results in a cost and an inefficiency for the end-user. This limits the scope of each "value" to their respective environment.
By breaking the barrier between chains and organizations, Fusion aims to completely bridge the costly gap that has been formed in the world of cryptofinance.


As an example, a token developed in ERC-20 and a token powered by NEO require exchanges and multiple steps that incur considerable fees along the way in order to be exchanged between one another. Due to current limitations, an exchange of the "value" alone is a tedious task.
Fusion envisions a platform that will not only make it inexpensive to trade between the two, but also allow the two to directly work together as it relates to finance, lending, derivatives etc. This will improve the amount of value that can be retained and utilized by the end-user of cryptocurrencies.

Distributed Control Rights Management

One of Fusion's key core technologies is DCRM(Distributed Control Rights Management).
In order to enable the mapping of cross chain cryptocurrencies, Fusion will use DCRM to control the private keys. The private keys would be distributed in a decentralized manner ("distributed storage") to ensure no single node has any private key in its entirety ("key sharding").
Separate tokens will be generated on the Fusion platform to represent those assets. This process is called "cryptoasset mapping".
This mechanism allows financial transactions of multiple currencies to occur within one platform in a secure and efficient manner, while maintaining the security integrity of the blockchain.

Fusion Cryptofinance Tools

Fusion will enable a wide array of cross chain financial tools to be developed.

The Fusion videos page outlines three use cases through videos.

FUSION Use Case 1: Risk-free Token Loan
FUSION Use Case 2: Risk free contracts market
FUSION Use Case 3: Mortgage smart contract

The use cases depicted in the videos are great possibilities of how Fusion can be implemented.

As an example, the third video - FUSION Use Case 3: Mortgage smart contract, depicts a mortgage smart contract. Investors are connected directly with the borrower, allowing them to purchase a home that is secured by a smart contract. The smart contract ensures that all parties involved are completely covered in the case that the borrower cannot make payment on time. By utilizing Fusion, the investors get a higher return, while the borrower gets a reduced interest rate. This is achieved by replacing the third party, traditionally the bank, by the smart contract.

Fusion Team

The team at Fusion consists of industry veterans with years of experience to ensure the project meets its goals.

CEO & Founder

Dejun Qian is the CEO and Founder of Fusion. He also founded VeChain, a cryptocurrency with a marketcap of over 2 billion USD at the time of this writing.

Click here to read more about the team

Check out this video with Dejun Qian:

More Information & Resources:

Rules & Submission

  • Write an article about Fusion and how it will change the world of cryptofinance! What are the benefits of having a cross chain financial platform? How will Fusion help propel forward the "Internet of Values"? What are some use-cases for Fusion? How does the ability to map chains and transaction logic improve interoperability? What are the benefits of being able to use traditionally bank-operated financial tools in a decentralized manner between cross chain users? As always, the contest is open-ended! Just be creative, original and have fun!
  • Feel free to use images and media from their website. You can even make your own video and have it in your submission! Videos have a chance of winning a separate bonus based on quality. Videos should be uploaded to YouTube. DTube or IPFS. Please do not remove the videos, or it might impact future eligibility. Feel free to make a new YouTube account for these. We really wanted to use DTube, but sometimes the videos were not view-able at all. We may change this in again in the future. For the time being please ensure whatever service you choose to use is working.

  • The article must be at least 250 words in length and it is recommended(not mandatory) that the length is under ~1500 words.

  • At least 70% of the submission must be original. Using "article spinners", and other word substitution tools is also not permitted.

  • All copied text must be in quotes.

  • Please keep discussions relevant to the contest topic. We would like to encourage a good vibe in the comments!

  • To submit please do the following:

  1. Add the word "fusion2018" (without the quotes) at the very end of your article.
  2. Link this post in your submission.
  3. Post the link to your article as a reply to this post.
  4. Resteem this contest post.

How the winners are decided

The submissions will be passed along to the team at Fusion, and they will decide the best method for picking winners and the winning articles.

More information & recommendations:

  • Pay attention to spelling and grammar!
  • Feel free to use informal language such as "I would, etc"
  • Use information and resources above to learn more about Fusion!
  • If you copy something, use quotes. This is an @OriginalWorks contest after all :)
  • Link the company's website: Fusion so that your readers can do research for themselves.
  • Articles can be edited up until the deadline.

After writing an article, within a few minutes you should get one of these as a response to your article post:

If you don't get one, let me know by adding a quick message after you submit your link as a reply here and it will be done manually. Sometimes it can take some time, so don't worry if it isn't instant! Rest assured, as long as your link is shared as a reply here, everything is double checked at contest close to ensure that all articles are submitted!

60 submissions will get 1.5 STEEM each. The article must meet the contest conditions such as word length and a level of quality.

Disclaimer: @OriginalWorks makes no claims as to the legitimacy or operating procedures of contest topics. @OriginalWorks does not offer any sort of investment advice. This is a writing contest. @OriginalWorks only guarantees prize payout. The contest topic company may choose to share the winning contest submissions.

Good luck to all the contestants!

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excellent, I prepared to make a custom post and participate .. !! thanks for the contests

I learn more when I join any contest here, I may not be an outstanding winner, but I know my knowledge increases after every session, expect my entry soon.

I missed the contest last time due to busy sched, but will surely join this one. Love the topic!

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I always enjoy your write ups. Looking forward to this one😏.

This contest looks more challenging than the previous one. @originalworks i appreciate the contests. It helps to improve my writing ability.

perfect :)

Count with my participation @originalworks

Thank You i'll join it for sure . I think i missed the last time but i won't miss it now and such contests actually help me in improving myself . May the best win :) All the best guys!!

Good luck to all! Will do my best!

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My post have not be submitted

Yea...i'm on this one too @originalworks

Here is my entry to the contest thanks for the opportunity

https://steemit.com/crypto/@josefpius/fusion-the-new-era-of-cryptofinance-44543559c0cfa

Learning is one of the purpose of my writing any contest. I guess its time i learn and add morE knowledge. Thanks @originalworks dor another wonderful contest.

Time to get the pen to paper again. Hope this would be amazing.

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Time to get the pen
To paper again. Hope this
Would be amazing.

                 - kilatunzii


I'm a bot. I detect haiku.

Really the creative contest, and I'll effort to follow

my favorite contest of the weekend. I already looked forward to it

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@contestbot I've not seen submitted on my post.

Let's have another crack at this. Kudos @originalworks

fusion is indeed a great project.. here comes another great opportunity for all great steemit writers to put up great posts. i really love readiing some posts here cus we have some great writers participating in weekly contests.. Goodluck to all.. working on my submission already..

I will definitely join in this contest. It's being long joined contests

Another tough contest. Well, let's see how it goes.

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Very tough bro. I have no idea

Good luck to all! Will do my best!

Hey Mr @originalworks..I just got to know Steemit, with my very small reputation, am I allowed to enter your contest???

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Yes, you can participate

Honestly I want to be in your mr contest. @originalworks but I am still trying to understand from the contest you created, because I do not want to rush.
If I am later in your contest I hope you will accept me
Thank you by@adimantong

Looking good

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Hmm your field right?

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Nah... I'm more of a front end guy... This is a bit easier than the last though

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Guess you done already

Thanks for this opportunity again. It create an avenue to develop oneself. Not all the participant can win but bring about better skills in one. Expect my entry soonest

I'm happy for the new challenge for this week. It is another opportunity to bring out original content. @Originalworks is bringing out the writing skills and geniuses in Stemians.

last week was a bit nicer for me as regards this weekly contest this week I am prospecting coming up stronger than ever

Great contest, really not knew, I will participate.

This great contest really helps us in developing quality writing, hopefully if it does not make it difficult for me to participate in it ..
I will learn it to understand how ..I am not good at writing, but I will learn to produce to the good writing ..
Thank you..

i am busy during last contest but this time i will try

Thanks @originalworks for another opportunity. Submitting my entry soon.

Am in!!
Only hoping though!
Great project.

Wow this is a nice topic. Hope to do better.

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This entry has not received the submission report from @contestbot...... @originalwo

I'm join the this project @originalworks

Well, well, well. I find this really interesting!
I hope I win😏

Thanks @Originalworks for another opportunity to cool off some steam and earn some STEEM!😂

wow.. This is really awesome.. I must confess.. I'm learning alot from these contests.. It's also building my writing and creativity skills... @originalworks expect my entry soon

let's Fusion!

I think I can try in this contest. I am in.

I have not participation any contest in Steemit yet. But I will take part in this competition.

So Complex! I hope this day I can submit! Thanks @originalworks!

Wow..a very nice contest with a very big prize, I want to participate in it, hopefully not difficult .. 😊

Hoping to be among the winner even though its my first time of participating here.its going to b fantastic @originalworks

Thank you for this opportunity, good luck to all the contestants. Here's my submission https://steemit.com/cryptocurrencies/@insculpt/the-internet-of-values-iov-fusion

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I have not received an answer from the acceptance of the bot.

The entry i posted has not been submitted.... Pls do ASAP!

https://steemit.com/crypto/@jaybhe/fusion-the-future-of-cryptofinance

Thanks for your good work. Here is my entry for the contest:

https://steemit.com/crypto/@sapient1/the-fusion-power

Good day, @originalworks!

Here is my entry

https://steemit.com/originalcontent/@jadams2k18/fusion-rebuilding-finance

Thanks for the contest!

Cheers!

unfortunately I can't make an entry this week due to work and family commitments, but I will have some great news to share next week ! May the most eloquent, concise and phlegmatic steemian win.

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Its been hours since i submitted but i haven't gotten a reply fron @contestbot.
Here is the link; https://steemit.com/crypto/@kilatunzii/the-future-of-finance-with-fusion

I will do my best this time around.
Nice topic

If I join the contest you created, maybe I will feel successful for the future, as well as a lot of gifts and very entertaining

I've been waiting for this! Thanks again for another great contest @originalworks

Ready For That. Thanks @originalworks

Every contest with big prizes is sure to get great attention too ,, I'm sure a lot of great writers are going down the mountain to enliven this contest ..

Sweet, this time I will sure remember to put my link here. My last post on daostack wasn't accepted because of that

The prize is very tempting .. the @originalworks team really knows how to attract the attention of steemit users in order to produce quality writing .. I admire the team @originalwork and all sponsors who are behind it ..

Excelente cuenten conmigo.... Saludos