In times of great crypto diversity, it can be sometimes difficult to find a coin or a token that will suit your needs and share your beliefs. Today we will talk about the Fuse token and what will make it a great addition to the CoinRabbit tokens family. Read this article in full to find out all the essential information!
Table of contents
First of all, let’s look into Fuse Network project just to have some clue what the fuse is about.
Fuse Network was created back in 2019 and its global aim is to modernize the existing payment and exchange systems. With the help of Fuse Network, the core team hopes to create a very simple yet fast and low-cost payment system that will exclude any third party from the process and make day-to-day activities and purchases available for everyone.
Basically, Fuse Network was conceived as a proper layer-1 Ethereum Virtual Machine (EVM)-compatible chain, which then moved to its own network with a help of a bridge and took its token with them. The reason behind it is not to compete with Ethereum, but rather focus on a specific use case, namely crypto payments.
Fuse network uses DPoS model (Delegated Proof-of-Stake) as its consensus mechanism and is supported by a group of validators to validate the transactions. Besides, the validators and the delegators receive the FUSE tokens as a reward for staking their tokens.
The FUSE token is a native token of Fuse Network that runs on the Fuse Network blockchain, but there are bridge-enabled versions of it on other chains, including Ethereum and Binance Smart Chain.
At the moment of writing this article in February 2022, the FUSE token price is $0.63 and it reached its All-Time High just one month ago (January 2022) at $2.19. As you can see, FUSE has a really great potential for growth in the near future, and CoinRabbit is happy to increase FUSE adoption in the crypto community!
Among FUSE key features, there are some to be distinguished:
However, this is not a full list of FUSE use cases. In the near future with the help of CoinRabbit, we will increase the token adoption together by adding it to our collateral option. Take a closer look at the top-3 reasons why Fuse token lending will become a thing.
Fuse token is a highly promising market for investors. The following are reasons why you might want to take a FUSE loan:
One of the ways to make a profit on your FUSE loan is by staking the assets, as mentioned above. Fuse Network allows users with more than 100K to stake their tokens or to turn to a validator if they have less than 100K.
Taking out a crypto-backed loan to buy more FUSE can become a great option for those who don’t have enough tokens to stake on their own, or still be a way of earning even more rewards by staking for those who have already reached 100K of holdings. This allows you to repay your loan and retain an amount in profit.
In terms of price, FUSE growth has been fairly consistent. It has been predicted that the coin will witness an upward swing in the coming years. To take advantage of this, you can get a FUSE loan and sell at a higher price in the future, helping you hit the bullish targets of your investment.
Want to buy a car, go traveling, make an investment, or try trading right now? If you have some FUSE tokens but don’t want to sell them, we got you covered. Borrowing from family or friends doesn’t work for everyone, getting a loan at a bank implies credit checks and annoying paperwork. When we enable FUSE as collateral, you won’t need to spend extra time doing complex procedures. Repay the loan back just when you feel that the time has come – we don’t have any timeframes.
The unique approach is something we don’t usually see in the cryptocurrency sphere. While keeping in mind distinctive aspects of FUSE, we’ll try to meet all Fuse token holders requirements:
Moreover, taking crypto-backed loans at CoinRabbit provides wider adoption of the currency. Here are some perks listed for you:
First of all, if you reached this paragraph, then we assume that you are more than interested in exploring full Fuse token potential in the near future 😉
Tag @CoinRabbitLoans and @Fuse_network on Twitter to let us know what you think of our awesome collaboration!
After we add FUSE as a collateral option, you’ll have to take these simple steps to get a FUSE loan:
Now that you have secured your loan, the next thing is to use it for your financial purposes. While you do this, CoinRabbit will notify you multiple times of changes in market rates, if there are any.
In conclusion, we want to emphasize that Fuse Network is a truly unique project that aims to bridge the gap between two worlds: crypto and the real one. The network has been in the blockchain space for quite a long time now and its core team is constantly working to upgrade its products’ features. Collaboration with CoinRabbit is one of few steps to help grow the FUSE token and its network even more. Stay tuned to be the first to use FUSE as collateral in the upcoming weeks!