Quote from: Yartis on August 22, 2019, 10:56:30 AM

Quote from: Blue Stitch on August 21, 2019, 10:18:04 PM

Quote from: irtaris on August 21, 2019, 09:08:08 PM

Utility of fx coin? what is it about? the coin.

Services rendered in the ecosystem will be transacted with the f(x) Coin. Possible scenarios include:
For service providers: To get paid by developers, companies and consumers for providing storage nodes, DDocker and speeding up of network connections. The role of service providers will described in other sections.
For consumers: To pay service fees for using DApps, nodes, network resources, storage solutions and other services within the f(x) ecosystem.

For developers: To pay for services and resources rendered in the ecosystem such as smart contract creation, file storage (paid to IPFS service provider), code hosting (paid to DDocker service provider), advertisements (paid to other developers) and others. To get paid by the enterprises or organizations which require the developers service.
For enterprises or organizations: To pay for service fees, developer fees and advertisements. Services provided to consumers will be charged and denominated in f(x) Coin.

For phone and hardware manufacturers: To pay for the Function X Operating System customization. Note: we plan to only build a few thousands of the XPhone flagship handsets and leave the rest to third-party manufacturers to build more using our operating system.

For financial institutions: to receive payment for financial services rendered for the ecosystem.

Many more future scenarios.

Hence f(x) Coin can be used as currency for the below services:
In-app purchases
Blockchain calls
Smart contract creations
Transaction fees
Advertisements
Hosting fees
etc

We believe f(x) Coin utilization will be invariably higher than coins in traditional chains due to the breadth of the f(x) ecosystem. This includes storage services and network resources on f(x) which will utilize the f(x) Coin as the fuel for execution and validation of transactions.

Excellent, great utilities for sure! Thank your very much. May I ask the source of this? Roll Eyes

You are welcome.

Source: https://www.functionx.io/#/token