What is Function X?
f (x) is a decentralized network. This is intended as an integrated solution to serve decentralized networks. Recipe f (x) consists of a combination: a new blockchain algorithm, a complete set of decentralized networks, decentralized communication architecture, and decentralized governance protocols. We believe that decentralization must be absolute, unchanging, and without the slightest centralization. This includes design concepts, architecture, procedures / protocols, and governance structures. Ultimately, this is the f (x) implementation of a decentralized network, where there is no single entity that can dominate, control and influence the network in any way, shape or form.
look the video about introducing Functions
2018: Birth of Function X
In 2017, the Pundi X team began investigating the fundamental factors that prevent and hinder the success of offline cryptocurrency circulation in the community. Since then, there has been a growing desire to overhaul the total system to be 100% decentralized. We are proud to say that we have achieved that in the form, Function X f (x).'
Function X is the next generation internet service framework. We have created a completely new service framework ecosystem by improving the internet and existing blockchain architecture, combining the benefits of both worlds and using the most commonly used technical solutions. We have used a systematic approach to software / hardware code marking, to allow all existing applications, websites, data and services to be fully decentralized, helping to lay a solid foundation for the future development paths of the next generation internet.
What is the role of Pundi X in Function X?
In the current centralized network arrangement, the role of Pundi X can be seen as the architect, initiator or leader of the proposed f (x) solution. But f (x) will eventually move towards a completely decentralized path. This means that once the f (x) ecosystem exists, there will be a gradual "fade-out" of Pundi X in terms of its current leadership role in the f (x) network. Our vision is for the f (x) network to be sustainable, grow and develop even without Pundi X. That is the beauty of a fully decentralized world supported by f (x).
Setting the stage for the next 10 years
The social media platform that we use is fully decentralized, that is, we maintain our own ownership and storage of data. No organization can have a direct influence on the way we use our own data. For example, we can use a decentralized food delivery application (DApp A) to order food from restaurants that advertise in other decentralized applications (DApp B). This is possible because data and orders are recorded intrinsically in the public chain, not in certain DApp. Because data is taken from FXTP when accessing web pages, there is no entity that can authorize what can or cannot be seen. In this way, developers can directly compete with large companies or business entities, which in turn can lead to smaller and more efficient businesses in the future. Also, large companies will develop, change and may not be dominant in this decentralized environment. And internet giants might be a thing of the past.
f (x) Coins
The f (x) ecosystem is fully decentralized. It was designed and built to run independently forever without relying on or being watched by individuals or organizations. To support this autonomous structure, f (x) Coins which are the 'currencies' that underlie them in the f (x) ecosystem must be decentralized in terms of distribution, allocation, control, circulation, and how they are produced.
In general, there are four main participants in the f (x) ecosystem, as shown above:
- Consumer: Users enjoy decentralized services provided by the f (x) ecosystem
- Infrastructure Service Providers: Provides infrastructure services such as those provided by mobile operators, Amazon AWS but in a decentralized way.
- Developers: Build DApp on f (x) networks like Uber, AirBnb, Alibaba.
- Financial Service Providers: Provides f (x) coin liquidity such as NASDAQ, Morgan Stanley.
- Infrastructure service providers, Developers and Financial service providers that contribute to smooth operations and services will produce positive circulation, innovation, and value flow to the f (x) ecosystem.
f (x) Token Allocation & Mechanism
Token allocation
We believe that a great blockchain project seeks to balance the interests of various segments of society equally. We hope to motivate holders by allocating a total of 65% tokens from Token Generation Event (TGE). Another 20% is used for the Ecosystem Genesis Fund for developers, exchanges and other partnerships. The remaining 15% will be used for engineering, product development and marketing. There will be no public or private sales for the f (x) token.
NPXS / NPXSXEM is used to make crypto payments as easily as buying bottled water, while f (x) is used for the operation of a decentralized ecosystem and blockchain, which consists of DApps and other services. NPXS / NPXSXEM will continue to take the same function and purpose as after migration to the Function X blockchain in the future. Therefore, each token will be expected to take on a different fundamental role and give different rights to holders.
65% of the allocations for NPXS / NPXSXEM holders are detailed below:
- 15% is used to risk tokens f (x). (See below)
- 45% is used to convert to f (x) tokens. (See below)
- 5% is used for additional bonus tasks over the past 12 months (TBD allocation)
Conclusion
Based on the data and facts seen, Function X is very good to be reviewed and invested. This is based on the reality for now, many projects are not good, and makes all those who invest a lot of questions about their certainty and truth, so if you want to invest in this project, you have to read all about the article I made, so you can find out more about Function X.
Further information:
Website: https://functionx.io
Announcement: https://bitcointalk.org/index.php?topic=5166702.0
Facebook: https://www.facebook.com/FunctionX.io
Twitter: https://twitter.com/functionx_io
Telegram: https://t.me/functionx
user name: coomeeett
bitcointalk me: https://bitcointalk.org/index.php?action=profile;u=2603162
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