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Create a Coinbase account to buy and sell Function X on the most secure crypto exchange.
FX is an Ethereum token that powers Function X, which comprises a core blockchain, cross-chain protocol, and platform for decentralized applications. FX can be used to pay for services such as smart contract creation and data storage, to vote for network upgrades, and for staking on the network.
Function X is a multi-chain architecture blockchain network that strives to replicate traditional financial products in a decentralized manner. It is designed to be highly customizable and expandable, catering to diverse business needs. The native token of the Function X ecosystem is the FX coin, which serves as a governance token and a gas token on f(x)Core and f(x)EVM. Subnets built on the Function X ecosystem can also opt to use FX as their gas token. The maximum token supply is 1,893,022,622.314, with 20% generated in a Token Generation Event and the remaining 80% distributed over 15 years under a Proof of Service concept.
Function X operates on a unique multi-chain architecture, which allows it to facilitate worldwide retail payments by bringing transactions on-chain. It also enables the trading of perpetual contracts of cryptocurrency assets and other stock-based perpetual derivatives on the blockchain. One of the key features of Function X is its EVM compatible chain, which allows developers to migrate their dApps instantly. This compatibility also ensures that the dApps run smoothly with low fees on a smooth infrastructure. Function X is one of the first projects to integrate the EVM compatible chain on a Cosmos-based chain.
Function X aims to create a decentralized world where every app, image, data, bit, and byte on the internet is decentralized. It seeks to facilitate worldwide retail payments by bringing transactions on-chain, eliminating the need for third-party facilitators. Additionally, it allows for the trading of perpetual contracts of cryptocurrency assets and other stock-based perpetual derivatives on the blockchain. The EVM compatible chain of Function X also enables developers to migrate their dApps instantly, providing a smooth infrastructure for dApps to run with low fees.
Function X was conceived with the vision of contributing to a new era of the internet, termed as the "Blockchain Internet". The project has been designed to distribute its native FX token over a span of 15 years under a Proof of Service concept, where service providers can receive compensation from the jar by providing quality service to the consumers in the f(x) ecosystem. The maximum token supply is set at 1,893,022,622.314, with 20% generated in a Token Generation Event.
Function XFX contributes to facilitating efficient and secure cross-chain communication. It aims to enhance the interoperability of different blockchain networks, allowing for potential asset transfers and data exchange. This is pursued by connecting diverse blockchain platforms, which may open up new avenues for innovation and collaboration. Function XFX also supports smart contract execution, facilitating automated transactions without the need for intermediaries. This not only aims to provide transparency and security but also seeks to enhance the efficiency of digital interactions. It strives to ensure tamper-proof and transparent processes by executing smart contracts in a decentralized manner, reducing the risk of manipulation and promoting a secure and reliable environment for digital transactions. Therefore, Function XFX contributes to the development of blockchain technology as it enables secure and efficient transactions.
Function X addresses scalability challenges in decentralized applications using its native cryptocurrency token, XFX, through a combination of strategies. It employs an adaptable and scalable multi-chain architecture, similar to both Polkadot and Avalanche. This architecture allows developers to operate specific types of transactions in parallel, increasing scalability. Function X's core chain, f(x)Core, facilitates transfers between different blockchains, and the platform integrates with the Ethereum Virtual Machine (EVM), allowing for increased integrations and interchain transfers. By recognizing the trade-offs between decentralization, scalability, and security, Function X strives to offer a platform for building decentralized applications.
The Function (XFX) blockchain utilizes a combination of consensus mechanisms to maintain its network's integrity and security. These mechanisms are designed to ensure that all transactions and data changes on the blockchain are agreed upon by the majority of network participants, thereby reducing reliance on a central authority. The most common consensus mechanisms used in blockchain technology are Proof of Work (PoW) and Proof of Stake (PoS). However, Function (XFX) may employ other mechanisms such as Proof of Activity (PoA), Proof of Authority (PoA), Proof of Burn (PoB), Proof of Capacity (PoC), Proof of Contribution (PoC), Proof of History (PoH), Proof of Importance (PoI), and Proof of Storage (PoStorage). Each of these mechanisms has its own attributes, and they are chosen based on the specific needs and goals of the Function (XFX) blockchain. These consensus mechanisms contribute to maintaining the security, transparency, and efficiency of the Function (XFX) blockchain.
Function XFX has engaged in several strategic partnerships and collaborations to enhance its functionality and adoption. These collaborations often involve integration, research, and clinical implementation, striving to improve the digital workflow, facilitate data access, or drive clinical adoption by bringing together resources from multiple players. For instance, Function XFX has partnered with various research organizations and healthcare institutions to develop AI tools and create multi-omics spatial datasets for research. Function XFX has also collaborated with other tech companies to address workflow integration challenges and streamline AI use and data storage. These partnerships strive to address the disparate pieces of the digital workflow across the expertise of multiple companies in a unified way. Moreover, Function XFX has also formed alliances with academic institutions and other industry professionals to drive brand awareness, address unmet customer needs, and facilitate research and adoption. These collaborations contribute to enhancing the functionality and adoption of Function XFX.
Function XFX aims to enhance the interoperability between different blockchain networks through its integration. This integration is designed to facilitate the transmission of value and information between various blockchain networks, thus aiming to overcome the limitations of isolated ecosystems. Function XFX strives to enable different blockchains to communicate with one another and share information, thereby utilizing the potential of blockchain technology. This is achieved through cross-chain technology, an emerging solution that aims to facilitate the transfer of data and value between two or more blockchain networks. This technology allows different blockchains to recognize and interact with each other’s data and assets, aiming for improved functionality, innovation, and efficiency. It also aims to address scalability concerns, striving to allow blockchains to handle more transactions and operations without compromising on speed or security.
Function X strives to encourage node operators and participants in its network through the use of its native token, XFX. Validators in the Function X network run a full-node and participate in consensus by broadcasting votes which contain cryptographic signatures signed by their private key. Validators are weighted according to their total stake. The quantity of XFX tokens staked by a validator corresponds to their influence in the network's decision-making process. This system encourages active participation and contribution to the network, as validators are encouraged to maintain the network's security and stability. Function X has implemented a governance system where XFX token holders can vote on proposals. This system encourages active participation in the network. This approach seeks to establish a decentralized and democratic network where all participants have a say in its development and direction.
Earn free crypto after making your first purchase. Terms apply.
Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
$64.4M
$162,034.26
408.5M FX
8 days
#539
$2.29
-0.13%
+1.29%
-6.73%
The Block • Apr 28, 24
BlackRock’s $IBIT adds Moonpay Chief Legal Officer Lindsey Haswell to fund’s board
Haswell has years of crypto experience at Blockchain.com, MoonPay, and as a founding team member of the Core blockchain.
Read more
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88 unique individuals are talking about Function X and it is ranked #1,215 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Function X has an average sentiment score of 3 out of 5. Finally, Function X is becoming more newsworthy, with 0 news articles published about Function X. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly neutral about Function X. There were 14.29% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Function X. 85.71% of tweets were neutral about Function X. These sentiments are based on 7 tweets.
On Reddit, Function X was mentioned in 39 Reddit posts and there were 81 comments about Function X. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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88 people
#1,215
3 out of 5
7 people
14.29%
Bullish
85.71%
Neutral
0%
Bearish
39
81