Fuse has announced the start of the Ember Node Sale, where leading partners will participate.
Launch and Partner Involvement
The Ember Node Sale begins on February 11 at 5pm UTC. The presale was fully subscribed, and major backers such as Collider Ventures, Tectona, Spark, TRGC, and Blockchain Founders Fund will participate in this event. Following the presale, a public sale will allow the Fuse community to acquire nodes and participate in network governance and validation.
New Strategy and Tokenomics
Fuse's network overhaul strategy includes improving its tokenomics and governance structure ahead of the new L2 launch and migration. Node operators will receive 30% of all transaction fees generated on the network and share in a 42M $FUSE rewards pool, with 20M to be issued in the first year.
Future Steps for Fuse and L2 Network
Fuse aims to begin migrating to its new L2 network from April when a $FUSE token swap will be conducted on a 1:1 basis for all current holders. Fuse will then start growing its ecosystem with the goal of onboarding DeFi protocols and more infrastructure providers to become the preeminent web3 network for scalable and private stablecoin payments.
Fuse continues to strengthen its position in blockchain solutions focused on scalable and accessible payments. With the new L2 network, they aim to expand the capabilities of their ecosystem.
