Quote from: supermarioo on August 20, 2019, 09:24:01 AM

Quote from: eduardstal on August 20, 2019, 07:45:00 AM

Quote from: supermarioo on August 19, 2019, 02:43:35 PM

Hi, quick question. Is Fx blockchain gonna be proof of work? (PoW).

Thanks, can you mine fx coin? Huh

The Function X blockchain will use the proof of service concept (PoS)

Service providers are crucial in the whole f(x) Ecosystem, the problem of motivation/facilitation has become our priority. We have to align our interests with theirs.
Hence, we have set up a Tipping Jar (similar to mining) to motivate and facilitate the existing miners shift to the f(x) Ecosystem and become part of the infrastructure service provider or attract new players into our ecosystem. Income for service provider = Service fee (from
payer) + Tipping (from f(x) network generation)

The idea is that the f(x) blockchain will generate a certain amount of f(x) Coin (diminishing
annually) per second to different segments of a service provider, such as in the 1st year, the
f(x) blockchain will generate 3.5 f(x) Coin per second and it will be distributed among the
infrastructure service provider through the Proof of Service concept. Every service provider
such as infrastructure service providers, developers and financial service providers will
receive a certificate of Proof of Service in the blockchain after providing the service and
redeeming the f(x) Coin.

Example: There are 3 IPFS providers in the market, and the total Tipping Jar for that
specific period is 1 million f(x) Coin. Party A contributes 1 TB; Party B contributes 3
TB and Party C contributes 6 TB. So, Party A will earn 1/10 * 1 million = 100k f(x)
Coin; Party B will earn 3/10 * 1 million = 300k f(x) Coin. Party C will earn 6/10 * 1
million = 600k f(x) Coin.

Ohhh i see! Thanks for quick respond..Can you please explain to me what token generation event is???

Hi, the info is in here https://functionx.io/#/faq

%	Particular	Amount
65%	NPXS/NPXSXEM holders	246,092,941
20%	Ecosystem Genesis Fund	75,720,905
10%	Engineering	37,860,452
5%	Product and Marketing	18,930,226
100%	Total	378,604,524