Fusotao TGE Enrollments is Live

Pad.Fi | NearPad
2 min readJul 11, 2022

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

Currency: $USDT

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.

Fusotao Links
Website: https://www.fusotao.org/
Twitter: https://twitter.com/FusotaoProtocol
Telegram: https://t.me/fusotao

Pad.fi Links
Website: https://pad.fi/
Twitter: https://twitter.com/NearPad
Discord: https://discord.gg/wUzSSUFkc9
Telegram: https://t.me/nearpad

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