We are excited to announce that Fusotao Protocol will be launching from SmartPad on May 13th!
Fusotao has built a decentralized verification protocol for an order book-based matching system. This technology allows them to create a convenient and user-friendly DEX with an off-chain matching.
A total of 150,000 TAO tokens will be distributed among the members of the SmartPad community, priced at 1 USDT per TAO. All of the tokens will fully unlock during the TGE event.
The IDO will begin at 5:00 UTC with the whitelist rules applying. To be eligible for the whitelist, one must stake a minimum amount of aPAD and timely register for the IDO. In addition, only those wallets staking for three days will be selected.
The whitelist will finalize 24 hours before the IDO begins.
About Fusotao Protocol
Fusotao Protocol is a verification protocol for an order book-based matching system. A substrate-based application chain (appchain), Fusotao holds user assets and verifies matching transactions from off-chain exchange services. Fusotao will collaborate with Octopus Network to ensure blockchain security and enable Fusotao’s interoperability with NEAR or any IBC-enabled blockchain.