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Just a Token

It's important to note that FUSE is just a token and that there is nothing magical about the FUSE/FSN contract. The possibility to create these contracts is easy and open to anyone. There is also no magical secret sauce or technology in development meant to benefit owners of FUSE or FUSE/FSN.

Value is purely given by those who choose to own FUSE and give it value. The same is essentially true for any cryptocurrency. It's only worth what those who have it, are given it, or buy it collectively, choose to make it worth.

In addition to this, all currencies are dependent on the value of other currencies which they can be traded against. In the case of FUSE it can currently only be directly traded with FSN through the FUSE/FSN pool. Trading it against another currency means also passing through an additional pool (essentially two trades, even though it may appear as one). This means that its value is also bound to FSN. If FSN goes up in value so does FUSE and if FSN goes down in value so does FUSE. This same type of dependency is essentially true for all cryptocurrencies against BTC because they have multiple trading pairs set up against BTC. Unless true trading happens to be very active the currencies will be ruled by these dependencies. In a larger since BTC is also dependent on the value of USD, since this is the primary fiat currency it's being traded with.

Because of this, if you don't believe in the success of FSN, you should not have FUSE either. But if you do believe in the success of FSN it is an excellent idea to also have a little FUSE and give liquidity to FUSE/FSN.

Also important to note here is that with the invention of AMM it's extremely easy to bring a token to market, this also means that it can be done with essentially 0 costs, which in turn means there's no need for anyone to profit from its creation, instead all money that goes into the token can go into backing it's value, nothing less, nothing more. Essentially the difficulty is only in getting people to collectively provide value and to wish to be part of a currency, since the process of creating the token is so easy and easily repeated.

Even a mere handful of people who collectively support a token, can give it quite a bit of value, if they're loyal to the pursuit. And this is one of the most important goals of this Fusionite initiative. And I hope to eventually inspire more than a handful of people to provide liquidity for FUSE/FSN. In fact, until at least 100 people do so, I will consider the pursuit a failure even if economic targets are met much earlier as success feels much better if it can be shared with many.

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