Fuse ecosystem prepares for $VOLT funding round

As the Fuse Ecosystem Round approaches, here are all the key developments for community members to take note of.

the fuse The Ecosystem Round is scheduled to take place on Tuesday, March 8th and will offer an opportunity to exchange Fuse tokens for Volt tokens. However, this feature will reportedly only last no more than 24 hours – or until all available tokens are fully purchased. With this in mind, Fuse is now asking participants to purchase $VOLT, the network’s first governance token. Participants should receive tokens before the upcoming Token Generation Event on March 10th.

according to a blog entryall Fuse tokens accumulated during the Fuse ecosystem round will either be burned or used for liquidity. Liquidity will most likely be for the $FUSE / $VOLT pair on the Decentralized Exchange (DEX). Also, Volt tokens allocated to the round will be burned if left unsold.

Participation in the Fuse Ecosystem Round is simple and straightforward. Fuse Token Holders can just stop by Tension.Finance. There they need to connect their MetaMask wallets to the Fuse network. After that, users scroll down to “Fuse Ecosystem Round” and select one of four different pricing options based on their preferred vesting schedule. After entering the desired VOLT amount next to the desired price, the platform will calculate the corresponding amount of tokens. The purchase is then completed after the user clicks “Buy” and confirms the transaction in MetaMask. In addition, users can make multiple purchases by choosing different prices.

tension financing

Created as FuseSwap already in November 2020, Voltage Finance was the first decentralized exchange on the Fuse network. However, it has since evolved into a full-fledged decentralized finance (DeFi) platform. In fact, according to DeFi TVL Aggregator DeFi LlamaVoltage Finance is the largest log on Fuse in terms of total value locked.

Voltage Finance has gone through numerous product developments such as: B. Lending, multi-chain bridges and the inclusion of collateral cash and backup dollars.

Available on Android and iOS operating systems, Fuse Cash debuted as a streamlined user interface with a number of offers for users. These included a more interactive activity feed, a WalletConnect upgrade, and a yield program for fUSD holders. Meanwhile, Fuse Dollar (fUSD) is a 1:1, USDC-backed stablecoin that is boosting the Fuse ecosystem. This is accomplished by providing a coveted, seamless medium of exchange for the payment communities built on the network.

To date, Voltage Finance has raised $3.4 million in private financing backed by a number of influential venture capitalists (VC). These include Spark Capital, TRGC, Collider Ventures, Genesis Block Ventures, Tectona, Exnetwork Capital, Blockchain Founders Fund, Node Capital, Sheesha Finance and LVT Capital. There were also several other investors involved, such as MVST:MG, AngelDAO, ZBS Capital, MetaVest Capital, Alpha Sigma Capital, and Shima Capital.

Voltage Finance continued its fundraising initiative with successful initial DEX offerings Infinity Pad and Poolz Finance. According to Mark Smargon, CEO of Fuse Labs, in a blog entry Released earlier this year, Fuse aims to take the lead in “how people will interact with money on mobile” in 2022.

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Tolu Ajiboye

Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to demystify crypto stories down to the bare minimum so anyone, anywhere can understand them without too much background knowledge. When he’s not deep in crypto, Tolu enjoys music, loves to sing and is an avid movie buff. Fuse ecosystem prepares for $VOLT funding round

Caroline Bleakley

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