FX coin serves as the native token within the Function X ecosystem. Presently, it functions both as a governance token and as a gas token on f(x)Core and f(x)EVM. Additionally, the subnets developed on the Function X ecosystem have the option to employ FX as their gas token.

Function X offers practical applications through its products. At present, it hosts two subnets to enable global retail payments by processing transactions on-chain. Additionally, it supports the trading of perpetual contracts for both cryptocurrency assets and stock-based perpetual derivatives on the blockchain. Another distinctive feature of Function X is its EVM-compatible chain. This compatibility allows developers to migrate their decentralized applications (dApps) effortlessly while ensuring they operate efficiently with low transaction fees on a secure network. Function X is among the pioneering projects to incorporate an EVM-compatible chain within a Cosmos-based framework.

In the Token Generation Event, 20% of the maximum supply of the FX token will be created. The remaining 80% will be distributed over 15 years following a Proof of Service (PoS) model. Under this model, service providers can earn from the pool by delivering high-quality services, such as decentralized file hosting, code management, financial services, or mining, to consumers within the f(x) ecosystem. The maximum token supply is 1,893,022,622.314. For more information, please refer to Eulerpool.

Pundi AI (FX) is now available on several major exchanges, with many individuals opting to purchase FX on platforms such as Coinbase, Upbit, and Huobi Global.

Function X employs a robust security framework to ensure the integrity and safety of its network. This framework is supported by a decentralized network of validators, which play a critical role in maintaining the network's security through consensus mechanisms. The validators are responsible for verifying transactions and safeguarding the network against potential threats, utilizing the Practical Byzantine Fault Tolerance (PBFT) consensus algorithm. This algorithm is renowned for its efficiency and resilience against faults, making it a cornerstone of Function X's security measures. In addition to the decentralized validators, Function X facilitates cross-chain interactions, enhancing its security by enabling interoperability with other blockchains. This cross-chain support allows for secure and seamless transactions across different networks, further strengthening the ecosystem's security. The security of Function X is also reinforced by a multi-layered decentralized finance ecosystem. This ecosystem incorporates various physical and digital security measures, such as two-factor authentication and comprehensive risk assessments, to protect against unauthorized access and potential vulnerabilities. These measures are designed to safeguard users' assets and personal information, ensuring a secure environment for conducting transactions and interacting with the network. Moreover, Function X's architecture includes a highly customizable and expandable multi-chain structure, which can adapt to different business needs while maintaining a high level of security. This flexibility allows for the creation of secure subnets that can utilize the FX token for governance and gas fees, further integrating security into the ecosystem's operations.

Function X is engineered to bridge the gap between traditional finance and decentralized finance (DeFi), with the aim of making the latter more accessible to a wider audience. It achieves this through a range of innovative approaches and functionalities. Fundamentally, Function X enables the mirroring of traditional financial products within its network, thereby establishing a suite of decentralized financial offerings and a decentralized trading system. This endeavor is crucial in marrying the conventional financial ecosystem with the decentralized world, providing users with a familiar yet enhanced experience, underpinned by improved security, transparency, and efficiency. Additionally, Function X is notable for its highly customizable and scalable multi-chain architecture. This attribute allows for the creation of subnets tailored to various business needs, making it a versatile platform for both developers and enterprises. The network supports cross-chain interactions, thereby increasing liquidity and value across different blockchain ecosystems. This interoperability is essential for the seamless exchange of assets and information, promoting a more integrated and resilient digital economy. The native token of the Function X ecosystem, FX, serves a dual purpose as both a governance token and a gas token within the network's core and its Ethereum Virtual Machine (EVM) compatible chain. This compatibility is significant as it allows developers to effortlessly migrate their decentralized applications (dApps) to Function X, ensuring smooth operation with low fees on a secure network. The incorporation of EVM compatibility on a Cosmos-based chain positions Function X as an innovative project in the blockchain domain. Function X also addresses the necessity for a fiat on-ramp, making it accessible to users in over 170 countries. This feature is vital for facilitating widespread adoption of cryptocurrencies and DeFi products by simplifying the conversion process from fiat currencies to digital assets. Regarding distribution, 20% of FX's maximum token supply was released during its Token Generation Event, with the remaining 80% scheduled for distribution over 15 years under a Proof of Service (PoS) model. This model rewards service providers within the Function X ecosystem for delivering quality services, such as decentralized file hosting and financial services, thus incentivizing the growth and development of the network.

Function X has been making significant progress in the cryptocurrency sector, marked by various key developments and achievements. A notable recent milestone is the launch of four cohorts of the OCX accelerator since its inception in the fourth quarter of 2023. This initiative highlights Function X's dedication to promoting innovation and supporting projects that can drive the ecosystem's growth and development. The Function X ecosystem is crafted to replicate traditional financial products while simultaneously developing decentralized financial products and a decentralized trading system. It features a highly customizable and expandable multi-chain architecture, capable of addressing various business requirements through its subnets. This adaptability and scalability are essential for meeting the ever-changing demands of the blockchain and cryptocurrency industries. Central to the Function X ecosystem is the FX coin, which functions as both a governance token and a gas token on f(x)Core and f(x)EVM. Subnets built on the Function X ecosystem may also choose to utilize FX as their gas token, further integrating it within the ecosystem's operations. The distribution plan for FX coins is structured to encourage long-term participation and contribution to the ecosystem, with 20% of the maximum supply generated during the Token Generation Event and the remaining 80% distributed over 15 years under a Proof of Service (PoS) model. Function X distinguishes itself through the integration of EVM-compatible chains on a Cosmos-based chain, making it among the first projects to accomplish this. This compatibility enables developers to seamlessly migrate their decentralized applications (dApps) to the Function X network, ensuring smooth operation with low fees on a secure network. The ecosystem currently supports subnets that facilitate global retail payments and the trading of perpetual contracts for cryptocurrency assets and other stock-based perpetual derivatives on the blockchain.

Function X was established by a team led by Zac Cheah and Pitt Huang. Zac Cheah, serving as the CEO, possesses a background in computer science and has been actively engaged in the blockchain industry for several years. His vision for Function X was to develop a fully autonomous and decentralized internet ecosystem, enhancing the scalability and interoperability of blockchain networks. Pitt Huang, the CTO and co-founder, offers extensive expertise in system architecture and blockchain technology. Together, they sought to overcome the limitations of traditional blockchain systems by introducing a multi-chain architecture in Function X, which facilitates the creation of customized subnets to accommodate diverse business requirements.