Fusion assets and tokens
Last updated
Last updated
On Fusion network there are (in addition to FSN) currently two types of fungible assets being used, fusion assets and FRC20 tokens.
Fusion assets are easy to create by anyone, with the very simple "Create Asset function". They are immediately compatible with Time Lock feature and the Swap Market. The drawback of them is that they have not been adopted readily by the cryptocurrency market. Thus the path to making them market available is much tougher than for an FRC20, which can easily be brought to the DeFi market by anyone willing to provide some liquidity.
To create your own Fusion asset is extremely easy. It can currently be done through MyFusionWallet and Dopamine.
FRC20 is the native Fusion assets protocol. It is very similar to the ERC20 protocol running on the Ethereum network. Digital assets and tokens can be created and managed on the Fusion's FRC20 protocol.
FRC20 - This is the same contract type as ERC20 on Ethereum. It is useful due to the fact that this token format is what the cryptocurrency market has adopted as a standard.
To create your own FRC20 token please refer to the guide on "How to create your own FRC20 token".
Through AnySwap any ERC20 or compatible coin can be bridged into an FRC20 running on Fusion and at the same time become available on the Fusion version of the AnySwap DEX. In time TL and QS functionality will also be fully available to FRC20s.