DJ Qian Responds to Community Questions on Exchange Listings

Fusion Founder and CEO Dejun Qian, jumped into the community managed Fusion Trading Telegram Channel over the weekend to respond to a few questions on the the recent exchange listing on Houbi:

Community question: DJ, what are your thoughts the whole Huobi story (maybe i missed it)?

DJ Qian: Huobi definitely brought additional liquidity to the FSN token. But as we all saw, there was big selling pressure because of the 50% discounted offering. There was also a very weird thing that happened where people could deposit funds to Houbi even though Huobi claimed that deposits and withdrawals were closed. I have asked Huobi to investigate this.

Community question: It matter to our partners how much we stand on Coin Market Cap and it is important for them that we do not fall in value, it is important for them what our market capitalization is.

DJ Qian: To some extent yes, I am thinking about taking advantage of the drop in price to buy some FSN back for foundation

Community question: Even if we get an answer from Huobi on the deposit/withdrawal issue it wont recover the (hopefully short term) damage that has been done to the token price. In hindsight was it still a good call to get listed on Huobi in your opinion?

DJ Qian: If we arrange a debate on whether the Houbi listing was a good decision or not, I believe there are a lot of ppl who support it and also a lot of ppl who will be against it. However in long run, it will have no influence on our success.

If someone tells me Huobi ruined our project, I would tell him that you over-estimate the power of an exchange. It could never make a project succeed or fail, it’s just an exchange.