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Cryptocurrencies/Coins/Function X (FX)
Function X price, market cap on Coin360 heatmap

Function X(FX)

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$0.176003
(1.83%)
0.00001025 BTC
Market Cap (Rank#267)
$71,900,967
4,189 BTC
Vol 24h
$388,046
22.6051 BTC
Circulating Supply
408,520,357
Max Supply
1,893,022,625
8 days agocryptodaily
Kraken Cuts 30% of Its Workforce to Survive Crypto Winter
The second largest crypto exchange in the U.S., Kraken, has announced that it is laying off around 30%, or 1,100 members of its staff. The announcement was made on Wednesday by Kraken co-founder Jesse Powell. Powell cited “macroeconomic and geopolitical factors have weighed on financial markets,” and added that the company’s downsizing move is a correction of growth from the year prior when crypto prices reached all-time highs and the prospects for the industry appeared much brighter than the state they are in today. Rough day at @krakenfx. Headcount rolled back 12 mos. Macro was already tough and we held out but recent industry woes diminished near-term optimism about a crypto rebound. Better positioned now. Glad we were able to take good care of our former colleagues. Been a privilege.
30 days agocryptodaily
Xternity Raises $4.5M To Help Developers Transition To Web3
Web3 gaming development startup Xternity has secured the financial backing it needs to get its platform off the ground after closing on a $4.5 million round of funding. The investment, which comes alongside the beta launch of its platform, was led by investors including NFX, Jibe Ventures, Flori Ventures, Secret Chords and Vgames. Xternity has created a comprehensive platform to support Web3 games developers and the new breed of so-called “play-to-earn” video games that make use of cryptocurrencies and non-fungible tokens in order to reward players for participating. In particular, it’s focused on bringing Web3 capabilities to Web2 games. It does this with a Multi Chain API that supports blockchains including Ethereum, Binance, Polygon, Immutable X, Solana and Celo, an embedded and customizable crypto wallet, a highly scalable NFT platform, plus a Web3 customer relationship management tool. To make life even easier, Xternity’s toolset is “no-code”, meaning that they can be integrated into Web3 games with minimal coding. In this way, Xternity’s platform can be thought of as a “meta layer”, the company explained, adding essential capabilities for Web3 games like crypto, NFTs, wallets and user analytics. It saves developers plenty of work, as they would otherwise have to code these capabilities by themselves. Xternity says its platform can help developers to boost engagement with players, especially those among Gen Z, where play-to-earn gaming has proven to be popular. According to Xternity co-founder and Chief Executive Sagi Maman, the startup is fully focused on supporting game creators by empowering their players with digital ownership. “Xternity continuously strives to define and build a long-term solution with valuable utility for the user,” Maman said. “We believe that mass adoption of Web3 is possible only with simple, safe, and scalable technology built upon a sustainable engagement economy.” Co-founder and Chief Technology Officer Shahar Asher said the key advantage of Xternity’s platform is that developers can work with multiple blockchains simultaneously and at scale, while enjoying a unified coding experience. “They can also add NFT assets and game economy layers while focusing on their core mission,” he added. Xternity’s funding is just the latest example of investor’s enthusiasm for Web3 gaming platforms. This year, Nerdystar announced a $6 million fundraise to build Web3 games for Line Games’ Web2 brands. Other examples include FreshCut, founded by former Twitch executives, which raised $15 million in May, and C2X, which bagged $25 million in funding last March. NFX General Partner Gigi Levi Weiss told The Block that he’s backing Xternity because it provides the scalability and monetization capabilities that Web3 games desperately need. “By understanding game developers' need for scalable infrastructures and sustainable economic models, they were able to create a seamless solution that safely onboards web2 games to web3, and the current framework is just the first milestone,” he said. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
31 day agocryptodaily
MarginX, World's First Community-Based Decentralized Exchange, Launches on Function X Blockchain
Grand Cayman, Cayman Islands, 8th November, 2022, ChainwireMarginX, the world’s first community-based decentralized exchange (DEX), launches on the Function X blockchain today. It runs on a first-of-its-kind multi-chain and on-chain infrastructure that allows investors to trade with close to zero gas fees, ultra-high throughput and liquidity, and full ownership and transparency. During its beta test in August this year, the DEX accumulated a total transaction volume of more than 45 billion USDT. Currently, with a small group of invited users, the number of transactions on MarginX continues to steadily climb past 48 million, with the most updated numbers found on the Function X StarScan (https://starscan.io/). “Today marks a milestone for not just MarginX but the DeFi ecosystem, as we push forth the notion of true decentralization, and uphold the values of community and ownership through our unique DEX infrastructure,” said Dr. Danny Lim, Core Contributor of MarginX. “We are thrilled to be building on the Function X blockchain, as it provides us with the multi-chain architecture and EVM compatibility that sets the right DeFi environment for MarginX and its future DeFi protocols.” MarginX: A Truly Decentralized DEX for the Community As the world’s first community-based DEX, MarginX is committed to being a contributor-driven, fully decentralized blockchain infrastructure. To further elaborate, the DEX can be defined by the following key features: Super Low Transaction Fees MarginX runs on a multi-chain, cross-chain and para-chain infrastructure that allows the platform to handle a throughput of 2,000–20,000 transactions per block, while reducing congestion in the blockchain — thereby maintaining gas fees as low as 0.003 USDT and transaction fees as low as 0.04%. Users Control Their Assets Funds are traded through non-custodial wallets, and all transactions take place on-chain so they are secure, verifiable and transparent. Currently, MarginX supports f(x)Wallet and is designed to support all decentralized wallets (i.e. MetaMask, Trust Wallet) through WalletConnect in the near future. Full Visibility and Access All transactions run on-chain and are recorded on the blockchain. These include not just order matching, creation and cancellation, but also funding rate settlement, liquidation, and governance. Anybody can track and scrutinize these records, forming a fair system of checks and balances. Connecting TradFi and DeFi MarginX lays the foundation for where other DeFi products can be built upon, including stock-based derivatives or traditional financial assets. The DEX allows anyone to design and build their own DeFi products on the blockchain, and offers tools that bridge the old and new traders of the financial world. By the Community, for the Community At MarginX, every stakeholder, whether a developer, community manager, or trader, has a say through its governance framework. The MarginX utility NFT system also determines each user’s voting rights, trading rebates and referral fees, which builds a sense of community, and offers users an additional and perpetual source of yield. In addition, in never-before-seen DEX style, MarginX offers a paper trading platform (https://demo.marginx.io) that runs parallel to its live trading platform. This is to allow new users to learn with ease using test tokens, in order to trade confidently in the real world. “Our goal is to have people think about MarginX as more than just a DEX — it is an entire infrastructure on which DeFi protocols can be built upon,” said Dr. Shin Liang Chin, Core Contributor of MarginX. “The sky is the limit when it comes to future partnerships and developments, and we are excited to be at the helm of such a direction for the industry. We hope to make finance more accessible, more transparent and more secure for everyone through the use of blockchain technologies.” Currently, MarginX facilitates the trading of cryptocurrency-based perpetual contracts for BTC, ETH and FX. In keeping consistent with the values of community and ownership, MarginX will not involve any ICO, IEO, token sale or NFT sale, so as to level the playing field for all. For more information, please refer to our media kit (https://bit.ly/mxmedia) or our website (https://marginx.io). About MarginX MarginX is the world’s first community-based decentralized exchange built on the Function X network, and running via a multi-chain and on-chain infrastructure. It aims to bridge the traditional financial markets and cryptocurrency world by providing a platform where investors can buy, sell and create derivative products of any financial asset, and where every stakeholder has a say in the future of the platform.ContactMarketing & Communications LeadDione [email protected]

About Function X

The live price of Function X (FX) today is 0.176003 USD, and with the current circulating supply of Function X at 408,520,357 FX, its market capitalization stands at 71,900,967 USD. In the last 24 hours FX price has moved 0.000654 USD or 0.00% while 225,607 USD worth of FX has been traded on various exchanges. The current valuation of FX puts it at #267 in cryptocurrency rankings based on market capitalization.

Learn more about the Function X blockchain network and how it works or follow the price of its native cryptocurrency FX and the broader market with our unique COIN360 cryptocurrency heatmap.

Function X Price0.176003 USD
Market Rank#267
Market Cap71,900,967 USD
24h Volume388,046 USD
Circulating Supply408,520,357 FX
Max Supply1,893,022,625 FX
Yesterday's Market Cap71,465,280 USD
Yesterday's Open / Close0.174283 USD / 0.174937 USD
Yesterday's High / Low0.175315 USD / 0.170762 USD
Yesterday's Change
0.00% ( 0.000654 USD )
Yesterday's Volume225,606.90 USD
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