FUNCTION X: The next era of the Internet is "Blockchain Internet".



Since the advent of blockchain technology in 2008 when Satoshi Nakamoto introduced bitcoin, there have been hard efforts to implement the blockchain in several aspects of global business processes, Blockchain technology has been described as having the potential to disrupt many industries at low cost. transactions, eternity, and enhanced security. In the following years, many other blockchain implementations have been developed with each showing unique features tailored to specific use cases.

 Blockchain has made it possible to spend almost all assets through a distributed ledger framework. With the help of cryptocurrency tokens, these assets can be given economic value to initiate and validate some transactional processes. Several on-chain protocols have been developed by a number of startups and companies that were established to create blockchain-based solutions.

 On this occasion, I will give an article to present FUNCTION X to potential platform participants and those who are interested in contributing to its development. The information listed below may not be complete and does not imply any contractual relationship. The main goal is to provide information to everyone, so they can determine whether they are willing to analyze the company with the intention of getting tokens or investing.

What is Function X

Function X is an ecosystem that is fully built on Blockchain which was founded by Pundi X Labs in 2018. The Function X ecosystem consists of 5 different components, including: f (x) Operating System, f (x) Public Blockchain, f (x) FXTP, f (x) DDocker and f (x) IPFS.

Hasil gambar untuk FUNCTION X FUNCTION X FUNCTION X The next era of the Internet is "Blockchain Internet". Function X will be leading the charge to power this new era of a decentralized world. Every app, image, data, bit and byte on the internet will be decentralized.

Ecosystem X function

The Function X ecosystem has 6 components that I mentioned above. In this section, I will go into each component to see how the Function X ecosystem is designed?
  • f (x) Chain: As the most important part of the ecosystem in Function X. Chain, the Blockchain platform allows other components of the ecosystem to function within it. According to the Concept Paper of Function X, Chain will use the Practical Byzantine Fault Tolerance (pBFT) consensus algorithm.
  • f (x) Operating System: Operating system is an Android variant with compatibility with Blockchain.
  • f (x) OS: Will be the operating system used in the Xphone Pundi X product.
  • f(x) FXTP: If HTTP is a transpermission protocol from a website, FXTP is a forwarding protocol on the Blockchain by end to end. This means that your data will be able to send, receive and display by consensus, not through a server such as HTTP.
  • f (x) DDocker: DDocker stands for Decentralized Docker - a platform that allows developers to build and run decentralized applications developed 
  • f (x) IPFS: IPFS is a protocol designed to store data in a distributed ledger system. Implementing  IPFS will make data security and decentralization more likely.

What is Function X (FX) used for?

Function X (FX) is designed to be used throughout the Function X ecosystem with the following roles:
  • Payment: All services in the Function X ecosystem will be paid for with FX tokens.
  • Gas Fee: After Mainnet is complete, the FX token will be responsible for payment of transaction fees in the f (x) Blockchain network.
  • Prizes: At present, Function X allows betting FX tokens for holders holding NPXS or NPXSXEM.

So, FX is used as a betting prize for card holders.


What is Function X (FX)

Function X (code: FX) is a Blockchain  platform token released to the market through the exchange of NPXS / NPXSXEM tokens. Although it is a token of the f (x) chain. But at present, Function X (FX) runs on the Ethereum platform according to the ERC-20 standard before completing Mainnet.

Basic information about Function X (FX)
  • Ticker: FX
  • Contract: 0x8c15ef5b4b21951d50e53e4fbda8298ffad25057
  • Decimal: 18
  • Blockchain: Ethereum
  • Token Standard: ERC20
  • Token Type: Utility Token
  • Total Supply: 378,604,524 FX
  • Supply: 75,499,463 FX
  • Max Supply: 1,893,022,625 FX
Supply figures are taken from Coinmarketcap.

Allocation Token
  • With a total initial fixed supply as above, FX has been allocated by the development team as follows:
  • 65% is used for NPXS / NPXSXEM betting holders or converted to FX tokens.
  • 20% is used to fund the development of ecosystems for Function X.
  • 10% is spent on engineering problems.
  • 5% is the product development budget and marketing activities.

Note: Information about the returned token is not published by the development team.


Storage wallet

Currently, Function X (FX) tokens can be stored in a wallet that supports the ERC-20 Ethereum standard such as:
  • Web wallet: Myetherwallet, Mycrypto.
  • Know: Big Book Nano S, Safe, ImToken
  • Utility: Metamask
  • Application: Trust Wallet, Cobo Wallet, Atom Wallet
In addition, you can store FX tokens on the leading exchanges that have registered FX tokens. However, anyone who saves for a long time must refrain from using this method to avoid cases of hacked floors.

After almost 1 year of formation, Function X (FX) is traded on 3 floors including: KuCoin, Bittrex, Bithumb Global. With a total trading volume of nearly 400 thousand dollars in 24 hours, FX is not very good liquidity. In particular, FX tokens are traded the most active and most active on KuCoin with a level of 79.19% of the total trading volume.

As mentioned at the beginning of the article, Function X was founded and developed by Pundi X Labs. It is also a development company for the Pundi X (NPXS) project.

Hasil gambar untuk FUNCTION X FUNCTION X FUNCTION X The next era of the Internet is "Blockchain Internet". Function X will be leading the charge to power this new era of a decentralized world. Every app, image, data, bit and byte on the internet will be decentralized.

Author: Jampang Kupret







Komentar

  1. Unknown30 Oktober 2019 pukul 03.01

    You are Submit a great content and sharing your knowledge to others! it was one of the likely post to read and useful to improve the knowledge as updated one, keep doing the great job. Ethereum Training in Electronic City my knowledge as updated one, keep blogging.

    BalasHapus

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