Function X

About Function X

Function X is a decentralized blockchain platform designed to enable the development of decentralized applications and provide a secure and decentralized infrastructure for digital transactions and communications. The platform was created by Pundi X, a Singapore-based blockchain technology company, and aims to provide a fast and scalable solution for decentralized applications and digital asset management. Function X uses a consensus algorithm called Proof of Signature and offers a suite of tools for developers to create and deploy decentralized applications.

About $FX token

Function X (FX) is the native utility token of the Function X blockchain, which aims to enable decentralized internet infrastructure by providing a platform for building and running decentralized applications (dApps), hosting decentralized websites, and facilitating peer-to-peer transactions. The FX token is used for a variety of purposes within the Function X ecosystem, including as a medium of exchange, as collateral for staking, and for paying transaction fees on the network. It also serves as a governance token, allowing holders to participate in network decision-making and propose and vote on changes to the protocol. The FX token was launched in 2019 as part of the Function X mainnet launch.

How to buy $FX with a payment card

1. Enter the amount of $FX and fiat currency that you wish to purchase.

2. Verify your phone and email.

3. Enter or create $FX wallet

You are given the option to enter your $FX wallet address or create one using the Swipelux widget.

4. Pass KYC flow

This verification process helps protect you from fraud and other malicious activities.

5. You're now ready to buy $FX with a credit and debit card.

$FX analytics

Market Position and Adoption: Function X (FX) is currently ranked #314 on CoinMarketCap, with a market capitalization of $77,245,913 USD. The token has been added to 12,890 watchlists and is listed on several popular exchanges. The token is designed to be used within the Function X ecosystem to enable transactions, access network services, and interact with decentralized applications. The project aims to create a blockchain-based, fully decentralized internet and provide users with complete control over their digital assets and data

Technology and Platform: Function X is built on the Ethereum blockchain as an ERC-20 token, but the project aims to create a fully decentralized blockchain network that can support the decentralized internet. The network consists of nodes that serve different purposes such as storage, validation, and processing of transactions. The project also features a hardware device, the XPhone, that allows users to access the Function X network and use decentralized applications without relying on traditional internet service providers. The project also provides a suite of tools and APIs for developers to create decentralized applications on the network.

Team: The Function X team is led by Pundi X CEO and founder, Zac Cheah. The team comprises professionals with a wide range of expertise, including blockchain development, finance, and marketing. The project is backed by several notable investors, including Fenbushi Capital, Bitmax, and DHVC.

Competition: Function X operates in a highly competitive market, with several established projects and emerging players competing for market share. Projects such as Ethereum, Polkadot, and Solana have established themselves as leading blockchain platforms, while new projects such as Holochain and Radix are also gaining traction. However, Function X differentiates itself by focusing on creating a fully decentralized internet and providing users with complete control over their digital assets and data.

Supply: The current circulating supply of FX tokens is 408,520,357 FX, which is approximately 22% of the maximum supply of 1,893,022,625 FX tokens. The token has no maximum supply, and the remaining tokens will be released through mining rewards and network incentives over time. The token is primarily used within the Function X ecosystem for transactions and access to network services, and the project plans to expand its use case as the network grows.

$FX risks

1. Market Volatility: As with all cryptocurrencies, the price of FX token can be highly volatile and subject to rapid fluctuations based on market demand and other external factors. Regulatory Risk: There is a risk that government regulations could impact the adoption and use of FX token, potentially restricting its use in certain jurisdictions or markets.

2. Technology Risk: The success of FX token is dependent on the underlying technology and platform, which could be vulnerable to hacking, bugs, or other technical issues.

3. Competition Risk: The cryptocurrency market is highly competitive, and there is a risk that FX token may not be able to compete with other similar projects that offer similar features and functionality.

4. Adoption Risk: The success of FX token depends on its adoption by users and investors. There is a risk that the token may not gain sufficient adoption to achieve its goals and objectives.

5. Liquidity Risk: The liquidity of FX token is dependent on market demand, and there is a risk that the token may not have sufficient liquidity to facilitate trading or investment activities.

6. Tokenomics Risk: The tokenomics of FX token, including its supply and distribution, may impact its value and adoption. If the token supply is too high or distribution is uneven, it may negatively impact its value and adoption.

Potential market development triggers

Strategic partnerships with major hardware and software companies to integrate the Function X blockchain and decentralized services, which could expand its user base and increase adoption.

Increased usage of decentralized applications (dApps) built on the Function X platform, which could create demand for the FX token as a means of payment and value transfer within the ecosystem.

Expansion of the Function X network to new markets and industries, such as finance, healthcare, and logistics, which could create new use cases for the FX token and increase its overall utility.

Adoption by governments and institutions as a secure and transparent way to store and manage data, which could further increase trust and adoption of the Function X platform and its native token.

Increased regulatory clarity and support for blockchain and cryptocurrency, which could lead to wider acceptance and adoption of Function X and other decentralized platforms and their respective tokens, including FX.