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About Function X
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What is Function X?
: A decentralized ecosystem for creating and deploying decentralized applications (dApps) and financial products on its blockchain. -
FX Coin
: Native token used for governance and gas fees on f(x)Core and f(x)EVM. -
Uniqueness
: Highly customizable and expandable multi-chain architecture, EVM-compatible chain, and decentralized financial products and trading system. -
Token Supply
: 1,893,022,622.314 FX coins, with 20% generated in Token Generation Event and 80% distributed over 15 years under Proof of Service (PoS) concept.
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About Function X: Empowering a New Era of Decentralized Innovation
Introducing Function X: A Revolutionary Blockchain Ecosystem
Function X is pioneering the replication of traditional financial instruments on its eponymous network, while concurrently developing decentralized financial products and a decentralized trading system. This innovative platform boasts a highly adaptable and scalable multi-chain architecture blockchain network, comprising subnets that can be tailored to accommodate diverse business requirements.
Introducing Function X (FX) Coins: A Revolutionary Cryptocurrency
The FX coin serves as the native token within the Function X ecosystem, presently fulfilling a dual role as both a governance token and a gas token on f(x)Core and f(x)EVM. Furthermore, subnets constructed upon the Function X ecosystem have the option to adopt FX as their preferred gas token.
Unveiling the Unparalleled Function X: A Revolutionary Force
Function X is a multifaceted product boasting a diverse range of use cases. Notably, it comprises two subnets, which are specifically designed to facilitate seamless, worldwide retail payments by migrating transactions on-chain, as well as enable the trading of perpetual contracts for cryptocurrency assets and other stock-based perpetual derivatives on the blockchain.
Another distinctive feature of Function X is its EVM-compatible chain, which enables seamless migration of dApps and provides the necessary infrastructure to ensure their smooth operation with low fees on a secure network. Notably, Function X is among the pioneering projects to integrate an EVM-compatible chain on a Cosmos-based chain.
What Is the Circulating Supply of Function X (FX) Coins?
Twenty percent of the maximum FX token supply will be generated during the Token Generation Event, with the remaining eighty percent allocated over a 15-year period under a novel Proof of Service (PoS) concept. This innovative approach enables service providers to earn tokens by delivering high-quality services, such as decentralized file hosting, code management, financial services, or mining, to consumers within the f(x) ecosystem. The total token supply is capped at 1,893,022,622.314.
Acquiring Function X (FX) Coins: A Comprehensive Guide
FXT is now accessible on a multitude of prominent exchanges, with many individuals opting to acquire it on esteemed platforms such as Coinbase, Upbit, and Huobi Global.
Introducing Function X: A Revolutionary Blockchain Ecosystem
Function X embodies a decentralized ecosystem meticulously crafted to catalyze innovation within the blockchain realm. As a versatile platform, it facilitates the creation and deployment of decentralized applications (dApps) and a diverse array of financial products on its blockchain. This ecosystem is fueled by its native token, FX, which assumes a pivotal role in governance and transactional operations within the network, thereby ensuring seamless functionality.
The core of Function X’s architecture is its highly adaptable and modular multi-chain system, comprising tailored subnets that cater to diverse business needs. This flexible framework provides developers and enterprises with a versatile foundation for building innovative applications. By prioritizing interoperability and scalability, the ecosystem’s design seeks to overcome some of the inherent limitations of traditional blockchain networks.
One of the hallmark features of Function X lies in its dedication to seamlessly integrating decentralized financial products and trading systems within its network. This encompasses facilitating seamless retail payments on a global scale by executing transactions on-chain, as well as enabling the direct trading of perpetual contracts for cryptocurrency assets and stock-based perpetual derivatives, all within the blockchain ecosystem. These initiatives underscore the platform’s unwavering commitment to expanding the use cases and accessibility of decentralized finance (DeFi), thereby fostering a more inclusive and diverse financial landscape.
Notably, Function X boasts a remarkable degree of compatibility with the Ethereum Virtual Machine (EVM), thereby emerging as a trailblazing project that successfully integrates an EVM-compatible chain within a Cosmos-based chain. This harmonious integration enables the seamless migration of decentralized applications (dApps) to Function X, thereby affording them the benefits of reduced fees, augmented security, and optimized performance within a decentralized network.
Function X Security: A Robust Framework
Function X boasts a robust security framework, meticulously designed to safeguard the integrity and security of its network. At the heart of this framework lies a decentralized network of validators, which plays a pivotal role in maintaining the network’s security through the implementation of consensus mechanisms. These validators are entrusted with the critical task of verifying transactions and shielding the network from potential threats, leveraging the esteemed Practical Byzantine Fault Tolerance (PBFT) consensus algorithm. Renowned for its exceptional efficiency and resilience in the face of faults, this algorithm serves as a cornerstone of Function X’s comprehensive security measures.
Beyond its decentralized validators, Function X incorporates cross-chain interactions, thereby augmenting its security posture by facilitating seamless interoperability with disparate blockchain networks. This cross-chain capability enables secure and frictionless transactions across diverse networks, thereby further fortifying the ecosystem’s overall security.
The security of Function X is further bolstered by a multi-layered decentralized finance ecosystem, which incorporates a robust array of physical and digital security measures. These safeguards, including two-factor authentication and comprehensive risk assessments, are meticulously designed to thwart unauthorized access and identify potential vulnerabilities. By doing so, they provide a secure environment for users to conduct transactions and interact with the network, while ensuring the integrity of their assets and personal information.
Furthermore, the architecture of Function X boasts a highly adaptable and scalable multi-chain structure, capable of conforming to diverse business requirements while upholding an exemplary level of security. This inherent flexibility enables the creation of secure subnets that can leverage the FX token for governance and gas fees, thereby seamlessly integrating security into the ecosystem’s operational framework.
Unlocking the Potential of Function X: A Gateway to Limitless Possibilities
Function X is conceived as a conduit between the realms of traditional finance and decentralized finance (DeFi), with the ambitious goal of rendering the latter more inclusive and accessible to a wider demographic. This is achieved through the implementation of several groundbreaking approaches and functionalities.
At its essence, Function X enables the replication of traditional financial instruments within its network, thereby giving rise to a comprehensive suite of decentralized financial products and a decentralized trading system. This groundbreaking initiative is instrumental in bridging the gap between the conventional financial ecosystem and the decentralized realm, providing users with a familiar yet elevated experience characterized by enhanced security, transparency, and efficiency.
Notably, Function X distinguishes itself through its highly adaptable and scalable multi-chain architecture, which enables the creation of bespoke subnets tailored to diverse business requirements, thereby rendering it a versatile platform for both developers and enterprises. By facilitating cross-chain interactions, the network amplifies liquidity and value across disparate blockchain ecosystems, thereby fostering a seamless exchange of assets and information. This interoperability is pivotal in cultivating a more integrated and resilient digital economy.
The native token of the Function X ecosystem, FX, assumes a dual role, serving as both a governance token and a gas token within the network’s core and its Ethereum Virtual Machine (EVM) compatible chain. This compatibility is particularly noteworthy, as it empowers developers to seamlessly migrate their decentralized applications (dApps) to Function X, thereby ensuring uninterrupted operation with minimal fees on a secure network. By incorporating EVM compatibility on a Cosmos-based chain, Function X establishes itself as a trailblazing project in the blockchain sphere.
Function X also tackles the imperative of a fiat on-ramp, thereby rendering it accessible to users spanning over 170 countries. This pivotal feature is instrumental in catalyzing the widespread adoption of cryptocurrencies and DeFi products by streamlining the process of converting fiat currencies into digital assets.
In terms of distribution, 20% of FX’s maximum token supply was allocated during its Token Generation Event, with the remaining 80% slated for gradual distribution over a 15-year period under a Proof of Service (PoS) model. This model incentivizes service providers within the Function X ecosystem to offer high-quality services, such as decentralized file hosting and financial services, thereby fostering the growth and development of the network.
What pivotal milestones have marked the journey of Function X?
Function X has been making remarkable progress in the cryptocurrency realm,
characterized by several pivotal developments and milestones. One of the most
notable recent occurrences is the successful launch of four cohorts of the OCX
accelerator since its inception in Q4 2023. This initiative epitomizes Function
X’s unwavering commitment to nurturing innovation and supporting projects that
can meaningfully contribute to the ecosystem’s growth and development.
The Function X ecosystem is meticulously designed to replicate traditional financial products while pioneering decentralized financial instruments and a decentralized trading system. Notably, it features a highly adaptable and expandable multi-chain architecture, capable of catering to diverse business requirements through its subnets. This inherent flexibility and scalability are essential for keeping pace with the rapidly evolving demands of the blockchain and cryptocurrency landscapes.
At the heart of the Function X ecosystem lies the FX coin, which serves a dual purpose as both a governance token and a gas token on f(x)Core and f(x)EVM. The subnets built upon the Function X ecosystem also have the flexibility to adopt FX as their gas token, thereby further entrenching it within the ecosystem’s operational fabric. The distribution plan for FX coins is carefully crafted to foster long-term participation and contribution to the ecosystem, with 20% of the maximum supply generated during the Token Generation Event, and the remaining 80% allocated over a 15-year period under a Proof of Service (PoS) concept.
Function X distinguishes itself through its pioneering integration of EVM-compatible chains on a Cosmos-based chain, thereby emerging as one of the inaugural projects to accomplish this feat. This compatibility enables developers to seamlessly migrate their decentralized applications (dApps) to the Function X network, ensuring a frictionless experience with minimal fees on a secure and reliable network. The ecosystem presently supports subnets, facilitating seamless worldwide retail payments and the trading of perpetual contracts for cryptocurrency assets and other stock-based perpetual derivatives on the blockchain.
The Visionaries Behind Function X: Meet the Founders
Function X was founded by a visionary team led by Zac Cheah and Pitt Huang. As CEO, Zac Cheah, a computer science expert with extensive experience in the blockchain industry, has been instrumental in shaping the company’s vision. His ambitious goal for Function X is to establish a fully autonomous and decentralized internet ecosystem, thereby significantly enhancing the scalability and interoperability of blockchain networks. Pitt Huang, the CTO and co-founder, brings a rich expertise in system architecture and blockchain technology to the table. Together, they sought to overcome the limitations of traditional blockchain systems by introducing a pioneering multi-chain architecture in Function X, enabling the creation of customized subnets tailored to diverse business requirements.