đź“– Fusotao Analysis on Week 17 (Dec 5th, 00:00 UTC-Dec 12th, 00:00 UTC)
Fusotao weekly report is mainly used to disclose the progress of the Fusotao project, marketing activities, FXDX performance indicators, and other information of the previous week. To stay up to date in real-time, join us on Twitter, and Telegram.
Trading Rewards: 7.1 million $TAO tokens, accounting for 14.9%. After the launch of the Fusotao mainnet, It will be unlocked for 3 years, with an annual unlocking rate of 4.97%. 6,575 $TAO tokens will be distributed proportionally to traders as trading rewards based on the trading volume in each era (about 24hrs). Trading rewards can be claimed at the end of the current era. Click here to check and claim your $TAO trading rewards.
Staking Rewards: Users can directly share transaction fees in $USDT through staking $TAO tokens for the DEXs backed by Fusotao Protocol, the current APY is up to 118.07%. Staking rewards can be claimed at the end of the current season. Click here to stake your $TAO.
Validator and Delegator Rewards: 9.3% of the total $TAO token will be allocated to the validators and delegators in the Octopus Network in 3 years. The current APY is 6.68%. Click here to stake $OCT for Fusotao appchain.
Review more progress of Fusotao Week 16 (December 5th, 00:00 UTC-Dec 12th, 00:00 UTC) as follows:
1. FXDX Performance Indicators
2. Fusotao Appchain Indicators
See you next week!
đź’« About Fusotao Protocol
The Fusotao protocol is a verification protocol for order-book based matching system using the paradigm of “execute off-chain, verify on-chain”. Fusotao network is an Octopus Network based application chain to hold users’ assets and verify the matching transactions from off-chain exchange services. Founders can build their own DEXs by using the Fusotao appchain as an on-chain verifier and deploying their own off-chain matching server. Communities can earn rewards by trading on the DEXs or directly staking tokens for the DEXs backed by Fusotao Protocol to share transaction fees from them.
