After months of development and testing, the flowers are finally in full bloom. The decentralised trading protocol, Fusotao, is set to go live with its Token Distribution Event on our launchpad, bringing its hybrid trading revolution to the public. Fusotao Protocol has been designed with a scalable and highly configurable off-chain matching engine that addresses the centralized bottleneck issues with existing exchange protocols.
Fusotao leverages two core components to guarantee the order of transactions and the fairness of matching. The blockchain application chain is used to generate an unalterable transaction record, guaranteeing that all exchanges are conducted in a fair and transparent manner. The off-chain matching system is responsible for ensuring the accuracy of transactions and providing high-speed transaction processing capabilities — delivering a higher quality user experience.
The Token Event
Fusotao’s Token Distribution Event is scheduled to kick off on the 15th of July. Designed to ensure a fair and equitable distribution of its native TAO token, this TDE will facilitate access to the platform’s utility via its token as scheduled below:
Ticker Symbol: TAO
IDO Supply Percentage: 0.1%
Total Supply: 100,000,000
Seed/Private Price: 0.5
Percentage of Total Supply for IDO: 2.5%
Pool Type: Staking only
The amount for TGE: 100,000
Sale Start Date & Time: July 15th, 10 AM UTC
Sale End Date & Time: July 16th, 10 AM UTC
AfterSale End (FCFS) Date & Time: July 17th, 10AM UTC
Price per Token: $1
IDO Vesting: 100% unlock at TGE
We will also be hosting Fusotao on the 13th of July in our Telegram group for an AMA by 10 AM UTC.