Fuse.io and Ethereum Bridge Enables Cryptocurrency Creation without Coding Knowledge

Fuse Studio is a DApp (Decentralized App) running on the Ethereum and Fuse networks. It allows anybody without technical knowledge to launch a community and integrate a token into it. With Fuse studio, a token is easily minted on Ethereum through a user friendly wizard. It’s then moved through the bridge to the Fuse-chain to add business and community features to it and manage it.An entrepreneur on Fuse can launch a local service and integrate a cross platform mobile wallet without having to deal with costly servers, data protection or licensing.

What is the Fuse Studio?

Via the DApp you can access the contracts and services of the Fuse network. You can launch your community on the Fuse network with a token bridged to Ethereum, intergate web3.0 services from the DeFi (Decentralized Finance) ecosystem. The community is upgraded by a variety of plugins that customize the community to your needs. It allows you to:

  • Add to your community users, business, admins and more tailor made roles

  • Define transfer and bonus rules for the community members

  • Cover transaction costs for you customer

  • Integrate a white label wallet

  • Make bounties (soon to come)

  • You can add your own plugins (soon to come)

  • Local dapp store (soon to come)

The logic is defined by Ethereum compatible smart contracts and backend services that listen to the events on the blockchain. We prefer to use the Fuse chain for fast and cheap transactions, but some significant events necessarily happen on the Ethereum network, as a gateway to the whole Ethereum ecosystem. We do not own private user data, it is controlled by the user themselves, via 3box and stored in IPFS.

Backend Infrastructure

The backend is composed of the following independent services

  • Studio API Backend has two purposes. Provides an API for fast and convenient querying of the blockchain data for the Studio DApp. Transmits heavy and complicated transaction flows on behalf of the user.

  • Fuse-funder service used to fund community members and wallet users on the Fuse blockchain.

  • Fuse IPFS proxy used for fast fetching and storing data in IPFS.

Contracts

Fuse studio is designed to launch DeFi communities on the Fuse network. The community contract binds together most of the services and features of the Studio. Among other things it consists of:

  • Entities List contract to store community members and their roles

  • Community ERC20 tokens on Fuse network with transfer rules

  • ERC20 tokens on Ethereum. This is the token that the user issues as part of the community deployment process

  • Multitoken bridge – to minimize friction and costs we extended the POA ERC20-ERC20 bridge contract to many-ERC20-to-many contract.

Plugins

The plugins are used to customize the community to your specific needs. These can be smart contracts, backend services or the integration of both. The currently available plugins are:

  • Business List – allows you to add businesses to you community. Businesses are Entities List members with special roles.

  • Join Bonus – define a join bonus for new community members.

  • Fiat Ramp – Currently integrated to Transak and Moonpay to allow easy deposit and withdraw using Bank Accounts and Payment Cards.

  • More plug-ins coming soon.

 

 

What types of communities can i create with the studio?

The Fuse studio community launch wizard provides the following options for enterpreneues:

  • A mintable burnable token – This option creates a community around a token that can be issued and burned by commnity manager. This is intended to act as an IOU inside a specific community. Usually with tokens like this the issuer (who is you) is providing the backing and the convertibility for the coin so this is intended for small scale communities and more advanced users. This token has no cap and any amount could be created or destroyed.

  • One time issuance – This option creates a token similar to Bitcoin. As it has a cap and can bit minted only once. This is meant to create digital scarcity and increase trust with the issuers by cryptographically limiting the ability to mint more coins.

  • Existing tokens – Community manager don’t necessarily need to be the issuer of their own currency and they can use any compatible existing currencies like DAI, USDC or any other stablecoin on Ethereum. We added DAI as the first stable coin to integrate to Fuse with many more to come soon! The Dai is added as the default currency of the community and can be used on the Fuse chain and as a part of you community with almost no effort.

What could be built with Fuse?

  • Consumer payments

  • Credits, points, loyalty systems

  • Shared ownership

  • Making stable coins more accessible

  • Integrate Defi

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