Thanks for the clarification, got it pretty loud and clear.
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Hi @dhalla Welcome to Season 5, I have few quaestions.
1- How you are going to rebalance for rate of Index token ?
2- What will be the process of adding underlying tokens ?
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Hi @adeel ,
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So the index token has a bunch of underlying tokens under it. And its price depends on all the underlying tokens and their defined ratios. To calculate the price of one index tokens, we add the costs to buy all underlying tokens in their respective ratios.
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While creating any index token, you can select the underlying tokens available on the platform. We are currently sourcing our underlying tokens from the testnet dex of @JustMoney
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Sounds very cool and its worth that you decided to work on defi… Now I’m curious to take a look to your pdf
Thanks for your support. Looking forward to your feedback.
@dhalla thank you for Answer.
1- So does it mean when ever user try to buy Index token. Contract first buy those assets from underlying dex and then mint Index token and vice versa ?
2- When this list will be open to underlying DEX token. Then isn’t it will be possible any user add scam coin to dex and then create index token on your platform. how you will control this one ?
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Yes right @adeel , we want to ensure that the users’ funds are spent only in the the assets they are bullish on. So all the underlying tokens are bought when user mint an Index Token, and sold when Index Token is redeemed.
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Very good point. So this is not that straight forward actually. Although we are sourcing underlying tokens from the dex, we do not fetch it in realtime from the dex rather we do maintain a config list on our platform for the tokens which we plan to keep updating periodically as they get updated on dex. By doing so, we can manually filter out the spam tokens.
Let me know any if this helps.
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I saw some similar on BitTorrent, but i love the concept of creating a bundle. Could get alot off attention in future for companies and businesses.
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Hello @dhalla
For the Community what would the benefits be for purchasing a decentralized ETF vs a traditional ETF?
Thanks!
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Thank you for sharing. I am reviewing this project based on the project website, the form posting and a brief look at the smart contract.
AssetFusion is providing a fixed-ratio collection of underlying fungible tokens. Buying into AssetFusion is done with TRX using JustMoney. And liquidations are done likewise. The product works by wrapping and redeeming a specific portion of underlying tokens.
I can imagine that this will be a useful treasury token or built into other projects as it is compatible with a trustless design and it can provide atomic transactions for groups of tokens which can be useful for other applications.
In my review I could not find the contract source code verified in Tronscan. Please do that. Also it will be helpful in the future if there can be a direct creation and direct redeem feature. This means you can create/redeem ETF tokens without using JustMoney, you just insert your existing tokens. Also I would like to see careful consideration of how fractions will work. For example, with OpenSea Seaport, attempting to transfer where there is not the exact amount of tokens (like a ratio of A=1, B=3 and you want to add B=1, this require a fractional amount of A) then the transaction will fail. This should be documented to tokens are not lost.
Overall, great progress and I’m glad to see this project make it from idea to a great looking product!
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We are glad that you liked it @Kojopapo 
Also, we are building in the TRON ecosystem for the first time so not sure if anything of this sort exists on BitTorrent
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Hi @StevenTRON
So we are referring to ETF just for more simplified explanation of bundled assets or basket of assets. With our platform we allow advisors or institutions to create a bundle of assets and group them under one single token. We are referring to this Basket of token as Fusion token or ETF-like asset.
Now coming to your question, trading the Fusion token or the basket of tokens give users a lot of benefits. Firstly, just like any regular ETF it allows users to invest in a bunch of tokens at once without researching about all the underlying assets. Secondly, our decentralised platform gives crystal clarity to investors about the underlying assets since every underlying asset is bought and kept via the smart contract. Also, it also gives freedom to investors to trust Fusion tokens created by any creator since apart from taking fee cuts, creator of Fusion tokens cannot access users funds unlike big companies who access user’s funds for their own internal purposes.
Apart from these, I do think that traditional ETFs or such assets have a lot of issues in accessibility due to geographical and regulatory reasons, but the decentralised Fusion token can be accessed and used as investment instrument without any restrictions.
Hope I could address your concerns, let me know if there are any more queries. Looking for your feedback ahead!
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Hi @fulldecent
Thanks a lot for your appreciation, really motivates us to continue building ahead.
Regarding the smart contract, I will surely verify it so that it is visible on TronScan. Till then you can definitely find our smart contract code at https://github.com/rkumar131/assetfusion-contracts/tree/main/contracts
Also, you raised a nice point regarding directly creating Fusion token using existing tokens instead of using any dex under the hood. We were going via that path earlier but for the sake of simplicity of the product and good user experience we decided to have a single deposit token and swap it for underlying tokens. Going ahead we can definitely keep both the routes.
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So AssetFusion is a project built on the basic idea that many investors do not have much idea around what tokens to invest in and what to avoid and thus they look for some expert guidance. We want to use AssetFusion as a bridge between those advisors and investors, where advisors could research for multiple tokens (or other investment instruments in future) and combine them to form a single token which investors can buy.
Regarding the second part, our entire logic of buying the underlying tokens as well as minting the corresponding amount of Fusion token is there on the smart contract, and there is nothing we are controlling from outside. So there is a complete trustless design, where users will only get Fusion tokens if they pay the amount to buy underlying tokens. Also the advisors won’t be able to access any of the users’ funds.
Hope I could clear your concerns. If you like our project please do support us in the ongoing voting
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Hi @BigDreamer
So currently we have only integrated with the testnet contracts of JustMoney, and there are only 2-3 dummy pairs which have liquidity. But once we go on mainnet, we will be integrating with multiple dexes and have access to all the tokens across dexes. You can then use any of the existing tokens across dexes to create Fusion Tokens.
Hope I could clear your concerns. If you find value in our project please do support us in the ongoing voting
An ETF creation platform in cryptos, wow. Sounds impressive. I’m interested and learning more about this.
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I’m excited about the future plans for AssetFusion, especially the integration with multiple dexes.
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This is a great idea… All the best team.
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@dhalla Hello,
I hope all is well with you. Could we receive an update on the status of your project’s transition to the mainnet?
Best of luck with your ongoing efforts!
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Hello everyone! After a period of dedicated work in stealth mode, we’re thrilled to announce the launch of our project on the mainnet.
Over the past two weeks, our focus has been on enhancing our smart contracts and introducing new features before this mainnet debut. These updates encompass:
- Fee for Creators: Creators can now incorporate a fixed percentage-based fee when crafting a Fusion Token, allowing them to redeem this fee at any time.
- Choose Your DEX: We’ve empowered creators to select their preferred decentralized exchange (DEX) for both the creation and subsequent transactions involving their Fusion Tokens. Currently, we support SunSwap with its Uniswap-based routers. Moreover, we’re actively working on deploying customized routers to support additional DEXs.
- TronLink Fix: We’ve resolved the TronLink connectivity issue, ensuring a seamless experience for all users.
We extend our heartfelt thanks to the entire community (@Prince-Onscolo @manfred_jr @Nana66419 @Nweke-nature1.com @Kojopapo @adeel @StevenTRON @EMerchant @Dash and many more) for the unwavering support during the hackathon, you guys are amazing and keep motivating builders to keep shipping. A special mention to the @admin.hackathon for orchestrating a smooth process throughout the event. Additionally, immense gratitude to the @JustMoney team for their invaluable cooperation. Their support has been instrumental in making this journey possible.
Mainnet Smart contracts - TRONSCAN | TRON BlockChain Explorer | 波场区块链浏览器
Example Fusion Token on mainnet - TRONSCAN | TRON BlockChain Explorer | 波场区块链浏览器
Our new website address - https://www.assetfusion.xyz/
This Tron hackathon marked a significant milestone for us, and while stepping onto the mainnet was a bit overwhelming, we are immensely proud to have reached this stage.
Thank you all for being part of this incredible journey!
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