What is Function X?

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.

How does Function X work?

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.

What are the potential use cases for Function X?

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.

What is the history of Function X?

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.