Airdrop Compilation No. 304: 2.5 Million Fuse Tokens Airdrop, Quick Interaction Tutorial (Clear and Easy for Everyone)
Fuse Network, as a public chain project in the crypto payment sector, has been operating for nearly 4 years. The token $Fuse has been listed on major exchanges such as Gate, MEXC, HTX, and BitMart. Currently, you can participate in the project's Airdrop Season 2, which lasts until August. By completing some simple social tasks and on-chain interactions, you can accumulate points (non-Odyssey), which can be exchanged for token airdrops after the event ends.
Key Point: This means that if you start now, you can cash out by the end of August at the latest. It's a typical short and quick project, and basically everyone who participates can receive airdrop rewards.
This article is divided into the following sections:
- Project Introduction
- Project Background
- Social Tasks
- Interaction Tutorial
1. Project Introduction
Fuse Network, as a public chain project in the crypto payment sector, provides users with a low-cost, fast, and secure trading environment.
Fuse Network is an Ethereum EVM-compatible public chain that focuses on the payment sector and also offers stablecoin issuance and management. Its goal is to provide low-cost Web3 payments, allowing users to avoid some development challenges. All of Fuse's SDK files are open-source, and its solutions include abstract wallets and efficient Web3 payments. Fuse consists of three parts: the Fuse Network blockchain, a mobile open-source tech stack, and DeFi products and tools.
According to the latest data from the official website, Fuse has completed 135 million transactions, and the number of projects integrated into the Fuse ecosystem exceeds 150, with an overall readiness rate of 99.99%. Furthermore, the fee for every 10,000 transactions on Fuse is only 1 USD, indicating that its payment costs are very low and almost negligible.
Does it seem like reading a foreign language? You can understand it this way:
The main narrative of Fuse Network is as a Web3 payment platform, aiming to become the Stripe of Web3, providing a comprehensive service suite for Web2 enterprises, allowing them to enter Web3 with their customers without barriers.
There are many solutions in the market that allow Web2 users to seamlessly enter Web3, such as TON and chain abstraction.
On the frontend, Fuse Network uses universal accounts, compatible with various EVMs, allowing users to enter Web3 without feeling it, while only paying a minimal transaction fee.
On the backend, Fuse provides powerful API endpoints, fast user data streams, and secure data storage infrastructure for small and medium-sized businesses (SMBs) to thrive in the Web3 era.
The technical introduction ends here; just know what it does without delving into the technology. The focus is on the airdrop later.
2. Project Background
Fuse Network was established in 2019, and the team currently has over 40 members, most of whom are from Israel. The CEO of Fuse Network, Mark Smargon, is the founder of the first Bitcoin exchange in Israel. He has founded four companies since 2001 and has been an entrepreneur for over 20 years. CTO Leon Prouger has been a long-time partner of Mark, working together since Mark's previous company. CMO Emmanuel Ebanehita previously worked at Binance.
In May 2022, Fuse completed a $5 million financing round, with investors including Aleph, Black Edge Capital, Blockchain Founders Fund, Collider Ventures, and Tectona Digital Assets.
The market maker for Fuse Network is DWF Labs. To understand how powerful DWF Labs is, please refer to the previous research article:
https://medium.com/p/e281ba0f29e9
The above is the basic content of the project. Today's focus is on how to participate in Airdrop Season 2, so let's see what we mainly do in Fuse Network.
3. Start with Social Tasks (0 cost)
- Go to the official airdrop website: airdrop.fuse.io?ref=7WtzD
- Connect your wallet
- Switch your wallet to the Fuse chain
- Complete 3 social tasks to earn 150 points
4. Interaction Tutorial
The second season of the Fuse Network airdrop has a points system, divided into 9 main task categories, with a total of 19 tasks (including referral tasks).
Not all of these need to be completed; firstly, there isn't enough funding, and secondly, there are many projects with limited energy.
Based on the necessary steps for the airdrop and the points yield of each section, I have summarized the following reference table for everyone:
According to the above reference table, today's tutorial will focus on key points to demonstrate, allowing everyone to know what to do first, and then choose some high-yield tasks based on their actual funding situation.
(1) Basic Steps: Recharge Wallet with $Fuse Tokens
Using exchanges is cheaper than cross-chain bridge fees
- Purchase $Fuse tokens on Gate exchange
- Withdraw to your wallet on the Fuse chain (switch your wallet to the Fuse chain, as done in the social tasks above)
(2) Transfer Assets to Fuse Network (optional)
If you have a lot of stablecoins and are thinking of holding them while preparing to complete tasks on Fuse Network, you can use a cross-chain bridge to transfer stablecoins and other assets to Fuse Network. The steps are as follows:
- Find Bridge FUSE
- Click Learn More
- Choose the chain and assets you want to transfer (using Arbitrum as an example)
- Click Switch to Arbitrum
(3) Complete Voltage Tasks (one of the must-do tasks)
The Voltage section has 3 sub-tasks, which you can choose based on your actual situation (using Stake FUSE as an example). The steps are as follows:
- Select Stake FUSE
- Enter the interaction page
- Connect your wallet
- Enter the amount
- Click Stake
- Confirm in your wallet
(4) Complete Meridian Tasks (another must-do task)
The Meridian section has two sub-tasks: one for deposits and one for loans.
4.1 Deposit in Meridian
- Click Lend on Meridian
- Deposit your assets, such as FUSE
- If you staked FUSE in the Voltage task, you can earn sPUSE, which can be staked in Meridian.
- Click Deposit
- Enter the amount
- Click Continue
- Click Deposit
- Confirm in your wallet
- Done
4.2 Borrow in Meridian
- Click Borrow
- The number displayed below indicates how much you can borrow
- Here, select sFUSE
- Enter the amount
- Click Continue
- Choose the interest rate
- Click Continue
- Click Borrow
- Confirm in your wallet
If you want to repay and withdraw, you must repay first in the Dashboard before you can withdraw.
Summary
This concludes today's main tutorial. There are many tasks in the Fuse Network second season airdrop, and everyone can choose which sections to complete based on their situation.
It's best to transfer a small amount of $Fuse for transaction fees, and if possible, use stablecoins for interactions, as this makes participating in the airdrop much more stable.
Fuse Network is not at all competitive, but there is a 2.5 million token airdrop, and the tokens can be traded directly, which is essentially giving us free money.
If you want to quickly realize airdrop gains in the short term and follow a premium account strategy, it's best to aim for the top 3000 on the leaderboard, but avoid pushing for the top 500.