What is Function X crypto? Know its price prediction

December 06, 2021 08:28 PM AEDT | By Raza Naqvi

What is Function X crypto?

The Function X crypto is the native utility and governance token for the Function X project, an ecosystem built on the blockchain by Pundi X Labs.

The Function X project has a cross-blockchain platform, allowing multiple blockchains like Ethereum and Polygon.

The Function X project has decentralized validators, and they can safely move assets between multiple blockchains. Notably, these validators allow the project to achieve a high transaction speed and cheap transaction cost.

Function X crypto price prediction
© 2021 Kalkine Media®

The platform is believed to work on the proof-of-stake (PoS) concept and practical byzantine fault tolerance (PBFT), which means a certain number of nodes are required to approve a transaction.

Also Read: What is BAX crypto & why has it soared 6000%? Know its price prediction

Notably, the Function X crypto is designed to expand the overall liquidity and value of the virtual assets created on the network. Meanwhile, the Function X crypto has multiple use cases like payment for services like creating smart contracts and data storage.

The FX coin can also be used for voting for network upgrades and staking on the network. In addition, if users want to generate synthetic assets, they can use the Function X crypto.

What is Function X crypto?

Bottom line

After a brief period of decline, the Function X crypto seems to be back on track as it attracts crypto investors.

In the last 30 days, the FX crypto had declined by about 17 per cent. However, it has now surged by seven per cent since the past week.

Overall, the cryptocurrency grew by 1,372 per cent in the last 12 months. The Function X crypto could soar higher in future as the project has added new blockchains to the cross-chain platform.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.