Post
Topic
Board Tokens (Altcoins)
Re: [ANN] Function X - The Future is Blockchain Internet
by
Blue Stitch
on 20/08/2019, 02:13:36 UTC
Hi, quick question. Is Fx blockchain gonna be proof of work? (PoW).

Thanks, can you mine fx coin?Huh

Hey there!

The mechanism behind f(x) Coin generation is the Proof of Service concept (PoS).

The TGE(Token Generation Event) has generated 20% of the total f(x) Coin supply. The rest of the f(x) Coins will be generated through PoS and be given out to the service providers over 15 years.
Service providers play a critical role in developing the f(x) ecosystem. Hence, a tipping jar (the concept is similar to mining) is set up to motivate and facilitate “miners” from other platforms to shift to the f(x) ecosystem and become part of the f(x) infrastructure service providers as well as encourage new service providers to take shape and offer their services to further develop the f(x) ecosystem.