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crowdsale

Caio Lacerda
What is the currently supply?

So according to Fusion's definition of current supply at the time of mainnet is launched, it will have 10% team, 10% Angel, 10% selected sale, 25% of crowdsale = of 55% of total supply Then the 30% of PoS and PoW will be gradually available along with others Cmc's definition of current supply is the amount hold by non-fusionteam's wallet ( about 48.215%) of the minted supply (57 mil) ... thus there is the difference

Juk Hamid
Hello. I found the infotnation "The token distribution is also finished, including all of the overcapped ETH returned within 2 hours and 40 mins of the token sale closing." My 316 FSN tokkens came Feb-11-2018 02:05:40 PM +UTC. But i didn't get any refound my 1.22 eth. I don't understand where them.. ( Please can admin clarified it?

- If you haven't find your returned ETH from our crowdsale, this is how you find it: 1. Go to your wallet address on etherscan.io 2. Click on tab "Internal Transactions" next to the current tab of "Transactions" 3. the transaction from 0x1bDf56C9593590122fD...... is the trasaction of the refunded ETH

Antony Ball
really? how is the beta? last time i was in the group it had been postponed 3 times

Not to mention they failed to release their alpha on time, and when they did it was barely working lol.. and they release in 30 mins before ico crowdsale. Most unprofessional team ever

Jacial
"EDENCHAIN"

sign up to the lottery for crowdsale if youwant in...last 500

Crowdsale - ICO - already ended in February

The team called it a crowdsale too, but didn't say it's an ICO

Dear Community, Dear Supporters, The FUSION Foundation is very happy to announce two important milestones that have just been achieved. The first is, that we have just completed the Early Bird period of our crowdsale- It’s first 24 hours — Very successfully. Perhaps more importantly is the fact that we have also reached our planned cap, during these first 24 hours!!! This is a great achievement and underscores for us your belief and your support for the project. Thank You! Some of you might have noticed that 100% of the cap occurred at 48761 ETH, and not at the planned 51200 ETH — As you might have figured out, this is due to having reached it during the Early Bird, where the 5% discount caused us to reach the cap (if measured in FSN — 20.48 Million FSN, to be precise) earlier. As you know, due to the special structure of the crowdsale, having reached the cap does not mean that the crowdsale is over. It will continue as planned until Feb 11th and work in the same way as has been described on our website, in the video, and discussed here. Please join us on our Telegram group later today for another AMA session with DJ Qian, at 1500 GMT

Will the icos on the fusion platform use fsn for their crowdsale?

I bought FSN in crowdsale . Do I have to do anything before mainnet in order not to lose my FSN ?

Which details are you to? Crowdsale price? Circulating supply?

Crowdsale price is 0.0025 ETH per FSN Circulating supply is differently defined by CMC ( 29 million) vs by us (57 mil). See more about this at fsnprice.com

0.0025 Eth per FSN at crowdsale price

Peter
Oh I meant the majority was sold with 50% discount someone said previously

The majority wasn’t sold for 50% discount. Pre-sale was much less tokens than the crowdsale.

Well thats what i was saying. Giving exact date is bad since it can create expectation and let people down if delayed . Since this is opensource project that raised money via crowdsale ico and various investor rounds, its usually the crowd that doesnt understand software development and how easy it is to get delayed/encounter problems. Private investors usually do. So fusion shouldnt give us specific date as estimating time is only that - estimate. However they should provide a rough estimate with contingency planning like by end of 2018. Gives them room for any problems but also keeps crowdsale speculators happy with something

Jimmy
I agree with this @djqian Also I would like to ask the following of Noam as well... @Noamcee you are the head of communications yet we have not once seen you in here engaging the community. May I ask you exactly what is it that you do on a daily or weekly basis to engage the community or even the crypto market to provide more exposure to Fusion?

Hi Jimmy, nice to meet you. I put together the moderators team, with their help fought the FUD through the crowdsale period, engaged with the first PR firm that helped us get some press coverage and convince were legit (and am now ramping up with a 2nd, larger PR firm), made the four explainer video's you've seen so far (and am now producing 2 more), revised the webside from it's original state in Jan-March (and, yes- I know we've still got a lot to do there), wrote and had the team write the articles we have on medium, brought on board the 4 ambassadors we have so far and with their help had our 4 first meetups organized (plus some non-English TG channels that are small but growing), had us participate and present in 4 conferences, and more. Some of it is still unravelling. Rome was not built in a day. I comunicate with Yona, the moderators, and the ambassadors almost on a daily basis, as well as with DJ and the rest of the team, various suppliers and advisors, and multiple event organizers and content producers. One of the partnerships we announced (Talao) was a direct result of the initiative of Rudy (one of the ambassadors), and further ones are being sought.

Was there a second tranche of fusion tokens due or were all fusion tokens released during crowdsale?

For one year maybe but I think we will see less and less crowdsales. People sell to VC's now.

Its not all about exchanges indeed. However its easier for projects to raise money at various seed, presale and crowdsale ico rounds than it is to attract investor interest on exchange. Many big VC firms only buy at ico rounds, and ignore projects listed on exchanges as the price is no longer ideal for maximum roi. It's called ico flipping, a startegy many use nowadays. It's a real shame since our price is ico level and could attract new interest for maximum profit even if we ignore tech and team here. At least we have adoption team focusing on that even if new investor money is not coming in fast enough

MARTANKO
@Jp1818

Private sale proceeds the crowdsale. They likely received seed fundings from FBG or thru their private round(s).

MARTANKO
hope FBG isnt angel

Most likely FBG would be either angel or selected. FBG would not be buying at the crowdsale.

Here’s the thing... Crowdsale is for the general public. The company already have the Whitepaper, website and everything in place for the investors in the crowdsale “ICO”. Lots of early round investors such as VCs already deployed money into a project at the very early stage to help fund the company before they have anything. Lots of time the website and Whitepaper might not even be ready for review so these early round investors are taking a bigger risk than the ICO investors so the discounts they receive is higher also. Most of the crypto I invest in are during the friends and family Angel, seed round or private round(s). Early investors deserves the discounts as they are taking on the highest risk for the highest rewards. A lot of times we are investing without even seeing a Whitepaper, maybe they have a simply draft ready at best. See this as similar to the equity market. You can invest in Pre-IPO Private Placement as an Angel investor or VC. The general public doesn’t get to invest in the stock until it goes IPO on an exchange where the general public can purchase the stock...

Some members of community are worried that fusions crowdsale wallet holding eth hasn't been converted to fiat for business operations. Half of the value of that is now gone due to eth price decline. ( other ico projects are in panic to sell) Will fusion struggle to operate in the next year with only half the funds available to them?

Charles Poliacof: My plan for Fusion is to continue to function as a complex adaptive system within a complex adaptive environment. We are having a lot of dialogue with a lot of folks and we are building the team. The short term focus for 2018 is 1) get main net right 2) Identify key stake holders and partners that have digital representations of assets that can interact with our platform 3) Fill in the many missing roles we have today 4) Instiutionalize the brand. Tbone: In addition to the above statement how confident is DJ and the team in delivering the tech Charles Poliacof: DJ has been extremely confident. Delays do not equate to failure. Delays are an admission that we are not ready yet. I would rather be delayed a year and deliver something extraordinary that will reverberate in the marketplace than deliver something half baked in 30 days just because those timelines are convenient. Simona: Some members of community are worried that fusions crowdsale wallet holding eth hasn't been converted to fiat for business operations. Half of the value of that is now gone due to eth price decline. ( other ico projects are in panic to sell) Will fusion struggle to operate in the next year with only half the funds available to them? Charles Poliacof: Our burn is very low relative to cash on hand. We have several years' worth of runway. Simon: Hi Charles how near it far do you think banks are from being able to adopt fusion? Do you see them as building on top of FUSION for in-house purposes or instead using fusion via using a dapp such as an exchange built on Fusion? Do you have any real progress in terms of partnerships in the banking space? Secondly any chance of letting us know more about who and levels of progress on these supposed government initiatives? Lastly do you feel confident on the levels of lock up (targets) proposed previously by DJ (I think it was 100bn)..? Charles Poliacof: Anyone that has worked with banks knows they take a long time. there are a lot of initiaives in place I am not at liberty to discuss. I already addressed the public chain / private chain question. Partnerships will be announced when formalized. Getting the tech right is the most important thing. Myarth Thaeriss: Hi Charles. I will have just simple question. How did you first came in contact with Fusion and what was your initial reaction for discovering of different functions which are being build on it. Charles Poliacof: That question will take me a long time to answer! I only have 8 min left but feel free to PM me at another time and I will happily share the story. When I have some time later on today, I'll write it up and share it with you to share with the community. Believe it or not, Andre actually had a lot to do with it (blame him!). Yolmer: Thank you, I have 2 more questions which perhaps fall in the same area, if you can't talk more about that it's oke however, I like to know if the ideas are still being actively targeted. 1. How are the discussions going regarding the competence center in Europe? 2. Fusion mentioned it was looking for partnerships (back in early April) and approached universities in US, China, Netherlands, Russia, Belarus and France. Is there been any progress with the universities in these countries? And are they being used as a resource to help tackle the recent problem in the code? Charles Poliacof: 1) I talk to the folks at the competency center often. They are waiting on code and the yellow paper (like everyone else!). 2) Focus is important right now. We are having a lot of conversation but we don't want to boil the ocean. Since I have joined we have become more oppportunistic with our dialogue (I met with a professor yesterday about doing a paper on token economics using a game theory approach) BO CHU: Still no timeline for mainnet ? Charles Poliacof: I can make one up for you if you like or I can simply tell you that until we resolve these issues, there is no main net. I prefer being transparent. MH: Which govs are you talking with? Australia included?

Charles Poliacof: My plan for Fusion is to continue to function as a complex adaptive system within a complex adaptive environment. We are having a lot of dialogue with a lot of folks and we are building the team. The short term focus for 2018 is 1) get main net right 2) Identify key stake holders and partners that have digital representations of assets that can interact with our platform 3) Fill in the many missing roles we have today 4) Instiutionalize the brand. Tbone: In addition to the above statement how confident is DJ and the team in delivering the tech Charles Poliacof: DJ has been extremely confident. Delays do not equate to failure. Delays are an admission that we are not ready yet. I would rather be delayed a year and deliver something extraordinary that will reverberate in the marketplace than deliver something half baked in 30 days just because those timelines are convenient. Simona: Some members of community are worried that fusions crowdsale wallet holding eth hasn't been converted to fiat for business operations. Half of the value of that is now gone due to eth price decline. ( other ico projects are in panic to sell) Will fusion struggle to operate in the next year with only half the funds available to them? Charles Poliacof: Our burn is very low relative to cash on hand. We have several years' worth of runway. Simon: Hi Charles how near it far do you think banks are from being able to adopt fusion? Do you see them as building on top of FUSION for in-house purposes or instead using fusion via using a dapp such as an exchange built on Fusion? Do you have any real progress in terms of partnerships in the banking space? Secondly any chance of letting us know more about who and levels of progress on these supposed government initiatives? Lastly do you feel confident on the levels of lock up (targets) proposed previously by DJ (I think it was 100bn)..? Charles Poliacof: Anyone that has worked with banks knows they take a long time. there are a lot of initiaives in place I am not at liberty to discuss. I already addressed the public chain / private chain question. Partnerships will be announced when formalized. Getting the tech right is the most important thing. Myarth Thaeriss: Hi Charles. I will have just simple question. How did you first came in contact with Fusion and what was your initial reaction for discovering of different functions which are being build on it. Charles Poliacof: That question will take me a long time to answer! I only have 8 min left but feel free to PM me at another time and I will happily share the story. When I have some time later on today, I'll write it up and share it with you to share with the community. Believe it or not, Andre actually had a lot to do with it (blame him!). Yolmer: Thank you, I have 2 more questions which perhaps fall in the same area, if you can't talk more about that it's oke however, I like to know if the ideas are still being actively targeted. 1. How are the discussions going regarding the competence center in Europe? 2. Fusion mentioned it was looking for partnerships (back in early April) and approached universities in US, China, Netherlands, Russia, Belarus and France. Is there been any progress with the universities in these countries? And are they being used as a resource to help tackle the recent problem in the code? Charles Poliacof: 1) I talk to the folks at the competency center often. They are waiting on code and the yellow paper (like everyone else!). 2) Focus is important right now. We are having a lot of conversation but we don't want to boil the ocean. Since I have joined we have become more oppportunistic with our dialogue (I met with a professor yesterday about doing a paper on token economics using a game theory approach) BO CHU: Still no timeline for mainnet ? Charles Poliacof: I can make one up for you if you like or I can simply tell you that until we resolve these issues, there is no main net. I prefer being transparent. MH: Which govs are you talking with? Australia included?

ItsLateButNotTooLate
As an investor I have invested in ICoN, Wanchain , fusion , Zilliqa .... So the only one below ICO price is Fusion 👍👍

You are correct that Icon, Wanchain, Fusion and Zilliqua and Fusion... Fusion is the only one that is below ICO Price. Icon’s and Wanchain’s was last year in 2017. Both did not hit the exchange for like 6 months until after the ICO. Icon went on Binance around January at the height of previous bull rally. It went to over $12 and have since came down to a low of 45c a few weeks ago. Now it’s around 50-60c range. Wanchain waited 6 months after their ico before going on exchange. Their ICO was in Oct of 2017 and it did not go on an exchange until 6-7 months after the crowdsale. I was in both of those ICOs and have done well. I like them both. Zilliqa’s ICO was in Dec 2017 - Jan 2018 if I remember correctly. This was during the height of the last bull market. Fusion’s ICO was in Feb-March in a bear market. It’s true that ICX, Wan and Zil are above ico price but Icx, Wan and Zil ico were during Bull Market while Fusion was during a bear market.

tim ottow
Matrix AI is my biggest holding and they have a proven very strong dev team led by Steve deng and a very well connected Owen tao as a ceo. Testnet is out and everything they do is on time. Ela has a working product. All other positions (icx, Ela, ont, Nexus earth) are rather small. Fusion seems to have issues to deliver DJ's vision on a tech level and has no cto right now which is quite crucial in the long run for a tech company, the team around dj hopefully gets stronger and I believe that he can attract the right people to join the company. Having trust in one person I would consider high risk though. That's just my opinion...

I like Icon also, have a position in Icon since ICO. Tell us a little more about Matrix AI and exactly what they do as well as use case and target audiences. Looking at the price since their January ICO it appears that their price is 0.63x of their ICO price. Most ICOs have fallen below their ICO price especially the ones that did their crowdsale in after Jan 2018. Fusion’s ICO was in Feb during the market correction. It’s 0.48x of ICO price. Slightly lower than Matrix. Not sure why but I tried going to their website and it’s not working... Maybe it’s just offline for maintenance or something. Would you be able to go into more details on how connected and what type of connection Owen Tao have?

Micheal
So they use the fusion to fund the project?

Funding of the project comes from the Eth that was raised during the Private and Crowdsale.

Crypt0Ape
Do you guys have AML policy ?

We did have our KYC during crowdsale to ensure regulatory compliance

Shane
Hi , I am just wondering was the ETH received at ico converted to fiat on the same date or currently held as ETH? And has there been any partnerships in the last 3 months ? Thank you
The eth received at crowdsale were transferred to fsn or returned on the 11th of February (after the sale period ends).The latest partnership were in June, with Talaohttps://www.cryptoninjas.net/2018/06/14/fusion-and-talao-team-up-to-develop-financial-services-for-freelance-economy/

I believe our projects have seen many skeptics who review our codes from the crowdsale time, and that's how more people got to know us

Simona: Some members of community are worried that fusions crowdsale wallet holding eth hasn't been converted to fiat for business operations. Half of the value of that is now gone due to eth price decline. ( other ico projects are in panic to sell) Will fusion struggle to operate in the next year with only half the funds available to them?Charles Poliacof: Our burn is very low relative to cash on hand. We have several years' worth of run

Simona: Some members of community are worried that fusions crowdsale wallet holding eth hasn't been converted to fiat for business operations. Half of the value of that is now gone due to eth price decline. ( other ico projects are in panic to sell) Will fusion struggle to operate in the next year with only half the funds available to them?Charles Poliacof: Our burn is very low relative to cash on hand. We have several years' worth of run

Simona: Some members of community are worried that fusions crowdsale wallet holding eth hasn't been converted to fiat for business operations. Half of the value of that is now gone due to eth price decline. ( other ico projects are in panic to sell) Will fusion struggle to operate in the next year with only half the funds available to them?Charles Poliacof: Our burn is very low relative to cash on hand. We have several years' worth of run