Function X

What is Function X?

Function X mirrors conventional financial products within the Function X network, generating decentralized financial products and establishing a decentralized trading system. This network features a highly customizable and scalable multi-chain architecture (subnets), catering to diverse business requirements.

Function X's Key Features

The Function X community plays an integral role in the decision-making process for determining the listing of new assets and trading tools. The collaborative effort involves core team members and developers worldwide, who jointly contribute to the development and maintenance of the network.

The initiative to integrate various ecosystems, including Ethereum, aims to amplify the liquidity and value of original assets on Function X. Instead of creating a competitive ecosystem, the strategy involves leveraging Ethereum's strengths, such as providing asset aggregation contracts, connecting to Ethereum smart contracts, and generating interest across both chains and beyond.

In terms of multi-chain and cross-chain functionalities, Function X internally supports cross-chains between f(x)Core and other Function X chains, as well as connections with external chains like Ethereum. The use of decentralized validators ensures secure asset movement between f(x)Core and different chains, with benefits including high transaction speed, low transaction costs, asset trading capabilities, and other practical scenarios.

f(x)Core serves as the core network for the entire Function X ecosystem, serving as the link for all assets and cross-chains. The cross-chain bridge facilitates the connection between Function X and various blockchains, such as Ethereum and Binance Smart Chain. Function X employs a multi-chain structure to meet diverse needs and enhance the overall Transaction Per Second (TPS) of the network. The PoS consensus model, involving the delegation of $FX tokens, enhances network security while maintaining high throughput and performance.

The FX Token

The $FX token serves as the governance token for the Function X project. Users have the ability to utilize $FX for voting, as collateral, for generating synthetic assets, and for delegation to enhance the security of the core network, among other functionalities.

Introduced on Ethereum in 2019 and subsequently on Function X in 2021, the $FX token is fully interoperable. Users can seamlessly transfer $FX between both blockchains while preserving a fixed total supply and liquidity.

F(X) Wallet

F(X)Wallet is a decentralized, non-custodial wallet with private key support designed for managing ERC-20 tokens, Function X tokens, and more (Binance Smart Chain and Bitcoin blockchain support coming soon). Seamlessly handle, transfer, and enhance your digital assets using various DApps, including DeFi protocols. Optimize the growth of your digital assets by staking $FX, $PUNDIX, and other tokens within the f(x)Wallet.

Key Features:

• Cross-Chain Functionality Enable cross-chain transactions between ERC-20 and Function X tokens.
• DeFi Integration Access a range of DeFi features, including staking, savings, swaps, and more.
• Fiat On-Ramp Support Facilitate users from over 170 countries in entering the Function X and DeFi

Funtion X Team Background

David Ben Kay is the President of Function X, leading efforts to build a blockchain-powered ecosystem. He previously held key roles at the Ethereum Foundation and Microsoft China. Yos Adiguna Ginting, a Council Member, chairs the Board of Supervisors at Asosiasi Blockchain Indonesia. Zac Cheah, a Sub Council Member, is the CEO of Pundi X, a founding member of Function X, and has a background in computing and security.

Function X Project Development

Function X is delighted to announce the deployment of Supra Oracles' pull oracle feeds, Supra Pull, onto Function X's f(x)Core. Supra Pull offers low-latency, on-demand price feed updates, particularly beneficial for special use cases such as perpetual decentralized exchanges (DEXs), and is accessible to the public. Currently operational on 45+ chains with 200+ data pairs, Supra Pull utilizes the innovative DORA protocol and provides layer-1 security guarantees for the calculated price feed value, known as S-Value or Supra Value.

The pull model employed by Supra combines Web2 and Web3 methods to achieve ultra-low latency, with Web2 methods retrieving data from Supra and Web3 smart contracts handling cryptographic verification. This integration empowers applications and developers on f(x)Core to access real-time price information for their respective needs.

Function X Price Analysis

As of November 24 2024 Function X has a marketcap of $109M. This is {{percentagefromath}} from its all time high of $2.20. In terms of its tokenomics, there's a total supply of 777M with 100% currently outstanding. Keep in mind Function X has a fully diluted value of $109M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.