Fussy v1.0 Litepaper
16 April, 2023
Hello world & welcome to Fussy!
The purpose of this litepaper is to clarify the world of possibilities with a truly decentralized multilayer social network that is self-governed. The concept behind FUSSY is to create a new social network that is built around you, around us, a human centered digital society that is transparent, private, secure and censor-resistant.
Since this is the first version of the litepaper for FUSSY social network, some ideas, concepts or pieces of information may change in the near future.
The current digital reality plays a major role in our daily lives and it is constantly evolving and shaping the society, business and our millennial social interactions.
In our present times technology plays a pervasive and integral role in almost all aspects of
our
daily lives.
Social media platforms, messaging apps and other online tools have greatly changed how we
interact and communicate with each other, both personally and professionally.
The use of technology brings with it a vast amount of data and information that can be analysed and used to make better decisions, improve services and create new products and businesses. Advancements in artificial intelligence, machine learning and other cutting-edge technologies are further expanding the potential for digital transformation in various industries.
The current digital reality also poses new challenges such as privacy concerns, the spread of misinformation, transparency, cyber attacks and countless other problems. The shift towards online communication has raised questions about the effect on human interactions and whether it leads to a decrease in social skills, empathy and an increase in loneliness.
With the dawn of Blockchain technology and the shift to Web 5.0, we have a new opportunity on our hands to change and challenge our current digital social lives.
The new generation is natively connected with the digital reality we live in, so social media plays a major role in their daily lives as their main source of income.
Our current social media platforms are built on great premises. The reality is that we have a lot of problems like spread of misinformation, access, bots, fake accounts, privacy & personal data sharing to third parties, security breaches, polarization & echo chambers, cyberbullying and harassment, mental health and list goes on.
With the help of blockchain and the underlying technology we could shift our perception towards all of these problems that have arised with the current social platforms. Imagine a social network where you have the power to control your data, or the power to decide what’s gonna be built next on this social network for you and the community. Imagine a social network that give you powers to be more creative and be your main source of income. Imagine that all the current problems that we have can reduced to 0 with the help you and the community.
Let’s change the narrative!
The new paradigm of an interconnected and decentralised world is unfolding in front us. This pushes our need to explore new ways where we can share our creativity and data in a more transparent, secure, private and censor resistant way. We need a new digital home, a place where we can grow, thrive and give the world a new healthier perspective on social interactions. A network that puts the users, communities and the complexity of their interactions as a first without the control of a centralised entity.
FUSSY is the first self-governed decentralised multilayer social network. A multilayer protocol that will wrap around on any existing solutions in the blockchain space, whether it will be a layer one or layer two solution.
Decentralizing social media is inevitable. With the new generation and the developments of Web 5.0, FUSSY wants to be the network that changes the narrative of the current social media landscape.
With Web 5.0 and social media, the things we know now will radically change with a decentralised and autonomous vision.
FUSSY is a multilayer peer-to-peer protocol that will bridge the current and future
blockchains,
in order to create a more flexible, adaptable and interoperable social network, by
facilitating
cross-chain transactions and asset transfers.
With FUSSY we want to leverage the power of the components that blockchain is currently
serving us like: DAO, NFTs & DeFi.
DAO & Fussy
FUSSY wants to challenge the way a social network is governed with the help of DAO. This way we will empower users of the network to manage, grow and curate the social platform with their knowledge and skills. All of the decisions will be made through the consensus mechanism and smart contracts. In this way all resulting decisions are made in a transparent and tamper-proof way.
FUSSY with the power of DAO means a more equitable and efficient social network, a place for trust and accountability, a place where the voices of the community are heard.
NFTs & Fussy
NFTs are proposing a new way of digital ownership and identity by challenging the old system. With NFTs, creators like artists, musicians, game developers can monetise their digital creations in a way that was not possible before. DAO & NFTs can work hand in hand in this new economy.
With this new perspective, all the content created and posted on the FUSSY social network will be considered as an NFT. Since all your content will be an NFT, the earning rights, whether your content is sold, staked or used, will belong to you. So, with FUSSY we have a new business model suited for the uprising Web 5.0.
DeFi & Fussy
DeFi and Fussy translates into a lot of new business models that weren’t previously possible in the Web 2.0 standards. The paradigm shift of Web 5.0 will give us new opportunities and ways to earn and participate to the creators economy. On the FUSSY network everybody will own their social accounts completely, personal data included. This will give them access to a plethora of DeFi tools and ways to monetise their social presence, activities and social interactions.
Individual or group, you earn from day one by simply creating an account, interacting with posts, giving access to companies to stake your profile, partner with brands to promote their products, participate in financing pools of special projects just like investors.
Another way to earn on the FUSSY network is by working on the wellbeing of the platform, like the product development, user operations or business development.
Behind all the technicalities, ways to earn, stake, NFTs, DeFi, governance and other aspects, the FUSSY social network means an easy to use interface and a great user experience, but with the intricacies and complexity of the blockchain and Web 5.0 era.
In the upcoming disruptive Web 5.0 we need new ways to govern the future enterprises, one’s that will put people first.
Our aim for FUSSY is to build a governance system designed to enable the community to participate in the decision-making processes and ensure the network's stability and sustainability. Each of us has a special skill or know-how to help steer FUSSY to serve their best interests. There are multiple elements to be included in such a governance system like decision-making, transparency, accountability, incentives, flexibility, community driven.
Decentralized decision-making The governance system will ensure that decisions are made in a decentralized way, with the input of all the community and stakeholders. This will be achieved through voting mechanisms or other processes.
Transparency and accountability The governance system of FUSSY will be transparent, with clear rules and processes that are communicated to the community. Additionally, the system will include mechanisms to hold decision-makers accountable for their actions.
Incentives FUSSY’s governance system will include incentives to encourage the community to participate in decision-making processes, such as rewards for voting or contributing to discussions.
Flexibility FUSSY will be designed to adapt to changing circumstances, user and community needs through mechanisms that can alter or change the governance structure or modify the rules and processes over time.
FUSSY’s governance system will be driven by the needs and desires of the community. Regular engagement and feedback mechanisms will be put in place to ensure that the system is responsive to user’s input based on the network's goals and the needs of its community.
An ambitious project like FUSSY will encounter a lot of major challenges because of its magnitude, but with the power of the community we believe we can build our new digital home.
In order to create & launch FUSSY and realise its magnitude it will take a lot of effort from the team and the community. There are multiple challenges to accomplish a self-governed, self-sustained decentralized social network. Important considerations to build FUSSY are scalability, interoperability, security, governance and monetization.
Our proposed roadmap in order to accomplish and launch a fully decentralized social network is: Concept & Research, Whitepaper & Tokenomics, Token Generation Event, Development, Testnet & Alpha version, Mainnet & Beta version, Public Launch, Community Building.
The specifics that we are building:
Consensus Platform for Governance
Backend Infrastructure
Main User Interface
Product Development Platform
User Operations Platform
Business Development Platform
In order to build FUSSY we need to apply and create new economic principles and mechanisms that govern the behavior of tokens such as token creation, distribution, usage, staking, burning and token buyback.
The tokenomics of FUSSY will be based on new rules of economic principles & mechanisms in order to incentivise the community and the development of the platform. The total supply of tokens will be 10B. The number of tokens that will be generated at the TGE will be 2B tokens.
Most of the usage of the token will be directed towards voting, incentivizing, likes, comments, staking, buying NFT posts, accessing special features, participating in competitions, challenges, promoting products, creating products, etc.
The multitude of social interactions in the platform will give course to even more creative tools and ways in which the token will bring value to its users.
Total Supply
10,000,000,000 FUSS
Sale
15%
Founders & Team
20%
Ecosystem
30%
Advisors
3%
Development
10%
Business & Marketing
7%
Treasury
20%
A decentralized multilayer social network that is self-governed can be accomplished only by joining our forces together and working towards a digital society that suits us.
We are currently building a team that will create the core of FUSSY, so we are in recruitment
mode. If you think you are up to the challenge to lay the foundation for the next digital
society and bring what’s best for a free digital world you are welcomed to join us on this
amazing quest. For this initial core team we are looking for people that have at leats 4 to
5
years of experience with blockchain, solidity, rust, mobile development, etc.
What we look for:
Thinkers
You embrace the challenge of questioning the status quo and approach problems from a fresh
perspective to foster innovation and generate novel ideas.
Solvers
You are filled with enthusiasm when it comes to tackling complex problems. You enjoy
uncertain
situations and exert considerable effort to uncover solutions.
Learners
You have exhibited moments of exceptional brilliance in the past, and your thirst for
knowledge
continues to drive you to learn and grow each day.
Team players
Together we can conquer the most formidable challenges when we unite our efforts, by
contributing with our skills and expertise to achieve our common goals.
If you’ve got what it takes and up for this amazing challenge and journey, please send your email: hello@gofussy.com
FUSSY wants to be the first truly decentralized social network that will give a new point of view to our digital lives, social interactions, the way we earn and the way we share our data and creativity. We believe it’s time to build a new digital home, a new vibrant digital global community, a place where people are recognised for their authenticity & uniqueness, a place where we matter.