Uses of FSN
Many cryptocurrencies, can only be bought, sold, or sent to another address and that's about it. Others can also be staked, used to provide liquidity, be voted with, be used as collateral for lending and used in various smart contracts. Mainnet coins are also often used as gas.
FSN can do most of these things and can also do something that's completely unique. It can be time-sliced. Though other assets can be time-framed on Fusion as well, the fact that FSN can be time-sliced while being natively owned, will still always make it unique.
Currently I've identified ten main uses of FSN:
Staking your FSN is a way to extract interest from it while helping to secure the network. Time-sliced FSN is used to buy tickets for a node, which will have a chance to win a lottery to sign the next block. The more tickets you have, the higher the chance of winning. Each block reward consists of a set amount + a gas amount. Though this staking game may sound quite advanced, it's quite predictable and can be converted into a more or less set interest rate, which can be viewed here. Thus safe and easy way to earn interest from your FSN and you have the option of doing it yourself, or sharing time-sliced FSN with a pool, which is even easier.
2. Providing liquidity
Providing liquidity for FSN is mainly done in the Chainge DEX or on the Fusion version of AnySwap but can also be done on pretty much any DEX on any network, if you use the Chainge app or AnySwap bridges to bring FSN to other networks. Currently you will find certain liquidity on for example Mdex and PancakeSwap. The benefit of providing liquidity is that every time someone swaps, the liquidity pool will collect a small fee that gets added to the pool. In addition to this (at least on AnySwap) you can submit your paired liquidity into a farm on freemoonfaucet.xyz which will earn you additional rewards in the form of FREE. Providing liquidity carries with it some risk, especially if the value between the provided assets change greatly in value. But if price ratio is relatively stable the fees and rewards will make up for the losses from value disparity.
3. Minting with Chainge LP
If you want to be a long term liquidity provider for $FSN on Chainge spot DEX, freemoonfaucet.xyz gives you an ability to lock in FSN in liquidity for longer periods of time. Locking in the LP-tokens will award you a certain amount of FREE immediatly that is around twice as much as you would earn in farms. The way this works is that you are giving up the front-ends of your FSN LP-tokens in exchange for $FREE.
4. Time-framing and Futures liquidity
In addition to Fusion time-slices, there is a second way in which you can divide Fusion in time known as time-framing. It is nearly the same thing, but one difference is that time-framing can be used in AMM, and thus it is possible to have a DEX for FSN/TF-FSN. This exists in the Chainge Finance application and it has quite generous rewards. First there is a reward for time framing FSN and then there is additional and quite high rewards for providing liquidity between FSN and TF-FSN. Since this type of exchange can't have impairment loss (being an exchange consisting of essentially the same asset FSN and future FSN), it becomes an alternative to staking, except the primary reward is in the form of CHNG instead of FSN.
5. Sharing interest
By creating a time slice and giving this to someone else, you allow them to use that to extract interest and gain a little FSN with time. This is quite interesting, because it allows you to donate, or even a payment, without actually losing any FSN. Thus it's possible to make use of a stack of FSN as payment eternally, without actually ever decreasing the stack. An interesting fact that can easily get your imagination to get carried away.
6. Write call options and options liquidity
If you have time-framed FSN it consists of two slices, just as when FSN is time-sliced. The primary slice that lasts from the set time until infinity is a future, but the other slice that lasts from current time until the set time is utilized by Chainge as a call option for FSN. When you initially time-frame FSN this piece is not used and is simply kept by Chainge, and if you want to have it, you must instead lock in your future piece under a certain set of conditions. These conditions are that at a certain strike price your FSN will be sold and you will instead get the USDT paid for it in case someone wishes to buy it. In exchange for this lock-in you unlock the other piece of the FSN which is the call option. The call option may be kept, or you can provide liquidity with it, give it to someone or you can sell it. Effectively writing options and selling them can be a way to extract value of your FSN without actually selling the full FSN (however, with the added danger that your full FSN gets sold at the strike price, even though you didn't desire this).
7. Trade options
If you are more of a trading type than a staking/hodling type, it might be more interesting to trade the options than FSN itself. Though the market can play tricks, the logical scenario for options is the FSN call options will rise an even higher % up if FSN price increases and drop even more if FSN price decreases. For put options the reverse is true. They will be expected to rise in price if FSN drops in value and to drop in price if FSN increases in value. The Fusion network is a unique host for options markets like this in the Chainge app for lots and lots of different crypto assets.
8. Buy or sell FSN by Exercising options
Though options can find interesting uses in value-extraction and high-volatility trading, the original intent of an option is to be able to -always- regardless of the market be able to buy (in the case of a call option) or sell (in the case of a put option) FSN (or whatever other asset you may hold an option for) at the specified strike price. If for example the price of FSN rises to the skies, it'll be very valuable to have FSN-CO, and exercise it to buy full FSN at a very big bargain. On the other hand if the market for FSN goes extremely low, but you have FSN-PO you could sell FSN at a higher price than the market and perhaps use the money to buy even more FSN than you had before.
9. Necessary gas
In order to make use of the Fusion blockchain you need some FSN to perform transactions. This use case is something that has defined Ethereum. Read more here about FSN as gas and various transaction types.
10. Invest in transaction mining
Currently perhaps the most profitable way to earn money with FSN is to invest it in transaction mining, This requires you to download a program found in the "bot army" section on freemoonfaucet.xyz. With it you can create bots and subscribe them to the FREEMOON faucet, and then they will continually claim 1 FREE for you every hour and even stand a tiny chance to win 1 FMN. With Fusion transactions being so cheap as they are, this endeavour is extremely profitable. In order to do this successfully you must however be ready to keep your personal computer online at all times.