Function X - an ecosystem, built entirely on and for the blockchain. Everything about f(x) is completely decentralized and secure.
Contents:
What is FunctionX?
The f(x) ecosystem consists of five elements: f(x) operating system, f(x) public blockchain, f(x) DDocker docker, f(x) FXTP protocol and f(x) IPFS. The f(x) chain - a high performance and secure public blockchain. The high speed of which is achieved by both software and hardware implementation. According to the official website, the scalable, open, decentralized Function X blockchain is currently in development. The f(x) ecosystem is completely decentralized. It is designed and built to operate autonomously without dependence or oversight from any person or organization.
Project benefits
In order to maintain this autonomous structure, the f(x) coin, which is the base "currency" in the f(x) ecosystem, must be decentralized in terms of its distribution, placement, control, circulation and how it is created.
There are four main players in the f(x) ecosystem:
| Consumer | Users enjoy a decentralized service, provided by the f(x) ecosystem. |
| Infrastructure service provider | Providing infrastructure services, similar to those, provided by mobile operator Amazon AWS, but decentralized. |
| Developer | Building a DApp, based on the f(x) network, such as Uber, AirBnb, Alibaba. |
| Financial service provider | Providing liquidity to f(x) coin such as NASDAQ, Morgan Stanley. |
The infrastructure service provider, developer and financial service provider contribute to the smooth operation, and the services must generate positive turnover, innovation and value flow in the f(x) ecosystem.
FXTP — the Function X transfer protocol. A fully decentralized transfer protocol, similar to HTTP. It will allow full decentralization and P2P data transmission in a distributed network.
Buying a token
The infrastructure service provider can offer services such as Blockchain, FXTP, DDocker and IPFS to get f(x) coins. A developer can create applications on f(x) OS to receive f(x) coins, and they need to pay for infrastructure services at the same time. The consumer uses the service and pays for the service with coins f(x). The developer and infrastructure service provider must receive f(x) Coin for providing their services, and they can liquidate it through the financial service provider to make some profit.
Together, these four participants will create a positive value stream. More service providers will improve the quality of service and attract more consumers. More consumers will bring more value to the ecosystem by attracting more service providers and creating f(x) Coin liquidity. The high liquidity of f(x) Coin will attract more financial service providers to improve the stability and quality of liquidity. This will attract more service providers to the ecosystem.
NPXS/NPXSXEM helps to make crypto payments as easy as buying bottled water, while f(x) helps to run a decentralized ecosystem and blockchain, made up of DApps and other services. NPXS/NPXSXEM will continue to use the same functions and goals as it did after moving to the Function X blockchain in the future. Therefore, each token is going to fulfill different core roles and grant different rights to holders. The best cryptocurrency exchanges to trade Function X shares currently are:
- KuCoin;
- Gate.io;
- Coinbase Exchange;
- Upbit;
- Uniswap (V3).
The company’s token has been available on Ethereum since 2019 and on the platform itself since 2021. They are fully interoperable and users can transfer a coin to and from both blockchains while maintaining a fixed total supply and liquidity.