$FUSD is part of the CMC Group of Companies, which is a UK based marketing and media company focusing solely on blockchain based business concepts. CMC Group are the owners and publishers of The Crypto Magazine (the largest distributed print based crypto publication worldwide), Crypto Weekly Magazine (a digital weekly subscription-based magazine with over 230,000 weekly subscribers), The Crypto Marketing Company (a leading crypto & NFT marketing agency) and the Liquid NFT platform (a reformative evolution in the NFT industry, backing every NFT minted with redeemable liquidity).
While speaking to Web3 investors and project owners that were tired of the volatility and huge losses that occur on a daily basis in the crypto space, the partners of the CMC group decided to put together a small team of industry professionals and crypto investors to set about creating a new token that benefits everyone. When we say everyone, we mean both projects and investors alike.
The biggest frustration reported by project owners was that when they lock their liquidity into volatile tokens such as BNB, ETH, POL, Etc, it has a direct effect on their charts at the point that those tokens start to drop in price, especially in a bear market. On the other hand, when locking their liquidity into stable coins such as USDT, USDC and BUSD, they have zero additional price appreciation during the bull market which can be equally frustrating.
When speaking with investors, the team identified that the reluctance to hold for long periods of time stems from the fear of losing out based on rogue developers, whales and investors selling their investments and therefore crashing the price for everyone else. And this is where the creation of FUSD began! A stable token that appreciates in price based on every buy and even every sell. A token that resolves project owner frustrations by offering solid, stable growth without the volatility surrounding typical liquidity pairs.
Pairing with FUSD allows owners to focus on building their own crypto business without the worry of another token or even market trends bringing their price down further. FUSD gives holders and investors the stability of a stable coin and the increased potential of a meme coin, but without any of the associated risks and concerns.
Whether you are a project owner, or an investor looking for stability, or someone simply looking to park your funds in between investments and gain a higher return than the traditional stable coins, FUSD is the solution.
