F(x) is more than just financial transactions and it significantly helps in the creation of a new path for decentralization. The coin will become its own native and independent currency meant to facilitate transactions without relying on any organization, individual, or structure. For their relentless support, most of the TGE generation f(x) tokens (65%) will be offered to the holders of NPXS and NPXSXEM.
20% of the tokens will be allocated to the Ecosystem Genesis Fund for developer partnerships, f(x) infrastructure service providers, token listings on the exchanges, and much more. The vision of Pundi X has always been to foster and oversee the mass adoption of blockchain-based technology in many retail payments. The remaining 15% of these coins will be channeled towards product development, engineering, and marketing.
The Demand Led to the Creation of f(x) Ecosystem
The team confirmed that they have a functional ecosystem featuring XPASS cards, XPOS devices and a new mobile application called the XWallet. Since August 2018, at least 25 countries around the world have imported the XPOS.
Also, more than 50,000 XPASS cards have already been activated and approximately 60,000 transactions were processed by Pundi XPOS devices and the XWallet in less than the first six months after their launch and deployment.
Demand from customers and merchants for instantaneous, on-chain transactions together with the company’s growth trajectory called for the need of a blockchain solution to service a real global payment network. The demand led to the creation of an ecosystem, f(x), which delivers 10X more speed, scalability, openness, and consensus.
— Crypto_Vibes (@Crypto_Vibes) November 23, 2018
Why not have Just One Token?
The company confirmed that there will…