Axelar provides seamless integration across more than 50 blockchain networks, delivering decentralized security and unrestricted programmability. This platform has garnered acclaim from major corporations like Microsoft, establishing itself as a vital resource for integrating off-chain infrastructures with on-chain networks. Axelar’s innovative technologies have been instrumental in the advancement of composable USDC, a collaboration that merges Axelar’s General message-passing technology with Circle’s CCTP protocol.

Integration Functions

The collaboration between f(x)Core and Axelar marks a crucial achievement for Function X, enabling users to access a wider range of on-chain assets and liquidity. This integration not only streamlines cross-chain operations but also elevates user engagement with Function X and the wider blockchain network.

For the next step, Function X will bridge the wrapped assets from Axelar to f(x)Core and explore the possibilities of integration with applications on Axelar.

Axelar stands as the foremost Web3 interoperability platform, facilitating connectivity among more than 50 blockchains through a secure and programmable network. Positioned as the internet infrastructure for upcoming super applications worldwide, Axelar caters to a diverse array of partners, from Uniswap to Microsoft, empowering them with scalable cross-chain solutions. Users benefit from seamless interaction with various assets through a single click. Developers enjoy the flexibility of working across multiple blockchains as if they were developing on a unified platform, supported by a user-friendly API and an open ecosystem of tools and service providers. Noteworthy backers of Axelar include Binance, Coinbase, Dragonfly, Galaxy, and Polychain.

The Function X Foundation is an autonomous non-profit organization dedicated to fostering the expansion of the Function X Ecosystem. This innovative framework represents a cutting-edge internet service infrastructure designed exclusively for blockchain technology. By merging the strengths of conventional internet and blockchain structures while incorporating widely adopted technical solutions, the Function X Ecosystem introduces a pioneering service framework. The Foundation’s primary objective is to oversee the allocation of the Ecosystem Genesis Fund, aimed at incentivizing and supporting service providers in integrating and establishing themselves within the Function X Ecosystem.

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Wanchain, the global leader for decentralized blockchain interoperability solutions, and Function X, a multi-layered blockchain project that targets bringing traditional financial products to the Web3, are pleased to announce the addition of the f(x)Core network to Wanchain’s cross-chain infrastructure.

The Function x Platform

Function X mirrors traditional financial products and creates decentralized financial products with real-world use cases, including retail payments, DEXes, and liquidity protocols with lower fees on a scalable blockchain infrastructure.

Developers can easily create customized blockchains using Function X’s subnet solution to have different settings to suit their business needs and the setup could be different with the main chain — f(x)Core. The changeable variables include block time, number of validator nodes, transaction fee, transaction fee token, type of block reward tokens, block size, collateral, allowing smart contract deployment, etc.

Additionally, developers or business owners can cherry-pick (customize) the function/variable by their business needs and launch their sub-blockchain (while connecting with f(x)Core) or smart contract. Its purpose is to accommodate transfers between different blockchains, enabling all to build entirely on and for the blockchain.

Wanchain is both a sustainable Layer 1 PoS blockchain and a decentralized wide-area network of blockchains. The Wanchain Layer 1 PoS blockchain is a full Ethereum-like environment that works with industry-standard Ethereum tools, DAPPs, and protocols. Wanchain’s wide area network of blockchains is a decentralized system of direct, non-custodial cross-chain bridges connecting EVM and non-EVM networks without requiring centralized intermediaries. Currently, more than 20 public networks are connected by Wanchain’s wide area network of blockchains including but not limited to Arbitrum, Astar, Avalanche C-Chain, Bitcoin, BNB Chain, Ethereum, Litecoin, Optimism, Polkadot Relay Chain, Polygon, XRP Ledger, Tron and now f(x)Core.

Initially, the following public networks will be directly connected to f(x)Core: The Wanchain Layer 1 blockchain and the XRP Ledger.

• f(x)Core <> Wanchain: $FX, $PUNDIX, $WAN, $XRP
• f(x)Core <> XRP Ledger: $XRP

This collaboration will bring new assets and liquidity into the Function X ecosystem and create new use cases for $FX. This integration also grants projects building on f(x)Core access to Wanchain’s cross-chain infrastructure to create value for their users. The f(x)Core users, for their part, now have access to a wider range of decentralized finance (DeFi) applications and other blockchain-based services that are available on the Wanchain blockchain and other leading networks.

ABOUT Wanchain

Wanchain, the Wide Area Network chain, is the world’s premier decentralized blockchain interoperability solution. It aims to drive blockchain adoption through interoperability by building fully decentralized bridges connecting the world’s many siloed blockchain networks. This cross-chain infrastructure empowers developers to build truly decentralized cross-chain applications to power the future of Web3.

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ABOUT Function X

Function X Foundation is a non-profit, independent organization. It also supports the growth of the Function X Ecosystem, a next-generation internet service framework. Additionally, it is built entirely on and for the blockchain. It is a completely new ecosystem providing a novel service framework by improving the existing internet and blockchain architectures. It also combines the benefits of both and uses the most commonly used technical solutions.

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To increase the security of the p(x)Card, it relies on the SECORA Blockchain solution. “We are thrilled to have Infineon on board for the p(x)Card project,” said David Ben Kay, President of Function X Foundation. “The team has extensive experience in developing robust security solutions and brings a high level of expertise that is critical as we move into the new era of Web 3.0. These contributions will give our users the confidence they need to break new ground. We look forward to working with Infineon to push the boundaries of what is possible.”

“We are pleased to provide a security solution that simplifies Web 3.0 payments,” said Maurizio Skerlj, Head of Identity Solutions at Infineon’s Connected Secure Systems Division. “For example, to make a crypto payment transaction, p(x)Card users simply open the p(x)Card app and enter the recipient’s wallet address or they can use NFC supported blockchain-based point of sales devices. Once the p(x)Card is swiped, the transaction is complete. The entire process is backed by hardware security, namely the SECORA blockchain.”

About SECORA Blockchain

SECORA Blockchain can encrypt data and sign transaction with a private key. The device features an integrated chip that can establish a direct and simple connection to the corresponding blockchain entry with an NFC-enabled mobile device. Unlike other solutions on the market, the signature key which is the most important user credential, is not generated on the mobile device, but is securely stored in the cryptochip. This hardware is Common Criteria EAL6+ certified and designed to safeguard user credential against physical attacks. This further enhances the security of the application.

SECORA Blockchain combines a tiny crypto chip with a radio antenna in a flat package with a total thickness of maximum 300 µm. It can be attached almost invisibly behind a label or on the product itself, making it easy to integrate. In addition, standard card form factor packages are also available. As a hardware-based solution, SECORA Blockchain has a decisive advantage over other blockchain access options: It is protected against both hardware- and software-based attacks.

SOURCE:

https://www.infineon.com/cms/en/about-infineon/press/market-news/2023/INFCSS202305-111.html

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Why integrate Polygon with p(x)Card? 

The integration of Polygon blockchain with p(x)Card offers numerous benefits and advantages for digital asset management, including:

🧿 Multi-Blockchain Support: With p(x)Card, you can now store, manage, and transact multiple digital assets across different blockchain networks, including Polygon. This eliminates the need for multiple hardware wallets and simplifies the management of your digital assets.

🧿 Offline Security: p(x)Card is a self-custody cold wallet card, which means that your private keys and digital assets are stored offline, away from the internet and potential security threats. This enhances the security of your digital assets, as well as your peace of mind.

🧿 Easy Transactions: With p(x)Card and Polygon integration, you can easily and securely transact your digital assets offline. You no longer need to worry about internet connectivity, online security risks, or complex transaction processes. Simply use p(x)Card to pay or top-up cryptocurrency, or mint NFTs directly through the p(x)Change app on XPOS, without the need for internet-connected devices.

🧿 Low Transaction Fees: Polygon blockchain offers low transaction fees, which means that you can transact your digital assets at a fraction of the cost compared to other blockchain networks. This makes digital asset management more affordable and accessible to everyone.

🧿 Customization: Customizing on p(x)Card with your NFT project’s logo, branding, or artwork can give your project a unique identity, making it more recognizable and memorable. It can also serve as a marketing tool for your NFT project. By distributing them to your users, you can create buzz and generate interest in your project, potentially attracting more NFT collectors.

About Function X 

Function X Foundation is a nonprofit, independent organization that supports the growth of the Function X Ecosystem, a next-generation internet service framework, built entirely on and for the blockchain.

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SOURCE:
https://medium.com/functionx/introducing-polygon-integration-onto-p-x-card-1849aed4362 

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The primary objective of SupraOracles is to establish the highest-performing blockchain infrastructure to drive global value exchange. They designed SupraOracles to perform more effectively than the standard cross-chain oracle, and we here, at Function X, are more than delighted to collaborate and forge a new beginning through their Supra Network Activate Program (SNAP).

Oracles are essential for the development of blockchains, and through this collaboration, we will be able to utilize SupraOracle’s ability to get off-chain and cross-chain data that’s swift, reliable, scalable, and with impeccable finality.

About SupraOracles

SupraOracles is influencing the evolution of traditional financial markets into the Web3 ecosystem. The goal is to provide the developer community with a reliable cross-chain oracle. SupraOracles enables developers to build, deploy, and manage data applications with improved speed, agility, and reliability. Interoperable smart contracts provide a stable future for financial markets by introducing real-world data to public and private chains.

About Function X Foundation

Function X Foundation is a non-profit, independent organization that supports the growth of the Function X Ecosystem, a next-generation internet service framework, built entirely on and for the blockchain. It is a completely new ecosystem providing a novel service framework by improving the existing internet and blockchain architectures, combining the benefits of both, and using the most commonly used technical solutions. The Foundation has been set up to manage the usage of the Ecosystem Genesis Fund, which aims to motivate, encourage and facilitate service providers to join and get rooted into the Function X Ecosystem.

🔽DETAILS:

https://medium.com/functionx/supraoracles-is-now-live-on-function-x-testnet-70001c796c9

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It will be included in the upcoming p(x)Change and people can access C98 at retail merchants.

Understand more about C98

Coin98 is a DeFi platform to borrow, stake, swap, lend and earn crypto. Moreover, Coin98 is a one-stop platform wherein users can access the DeFi ecosystem like on-chain governance, decentralized exchanges, lending protocols, blockchain-based games, and cross-chain transfers on over twenty networks. These include Binance Smart Chain, Ethereum, Solana, Avalanche, and more. In addition, Coin98 Wallet is the first external wallet to integrate f(x)Core blockchain and tokens in the FX ecosystem.

Furthermore, C98 is the governance and utility token of Coin98. The C98 powers the entire Coin98 ecosystem, including Coin98 Exchange, Coin98 Wallet, and Coin98 Launchpad.

The use cases of the token are as follows:

• Liquidity providers who provide liquidity for the development of Coin98 Exchange by staking or including assets in liquidity pools are rewarded with C98 tokens in exchange for liquidity.
• C98 allows token holders to vote on governance proposals to promote decentralized community governance for the network. These token holders get to vote on various features or parameters of the Coin98 exchange and its products.
• C98 holders are bifurcated based on tiers. Users with more C98 are sorted into a higher-ranked tier. These high-tier token holders gain exclusive access to premium events and privileges.

C98 on f(x)EVM

Following this integration, Function X developers will be able to integrate C98 into their own dApps on f(x)EVM, and users can bridge over C98 from the Ethereum blockchain to f(x)EVM via f(x)Core Gravity Bridge.

In addition, C98 will be listed on f(x)Swap and users will be able to add liquidity to the pairs that utilize the token. This listing will also enable users to seamlessly convert cryptocurrencies like FX, PUNDIX, and USDT to C98. f(x)Swap is the first AMM DEX on f(x)EVM and it allows users to trade and provide liquidity to cryptocurrencies in a decentralized way.

ABOUT Coin98

Coin98 is a protocol providing an ecosystem of DeFi products that is more accessible to Defi users. Available projects built on the protocol include decentralized exchanges, lending protocols, on-chain governance, as well as blockchain-based games, and so on.

Website | Twitter

ABOUT FunctionX

Function X Foundation is a nonprofit, independent organization. Supports the growth of the Function X Ecosystem, a next-generation internet service framework, built entirely on and for the blockchain. It is a completely new ecosystem providing a novel service framework by improving the existing internet and blockchain architectures. It also combines the benefits of both and uses the most commonly used technical solutions. Furthermore, the Foundation has been set up to manage the usage of the Ecosystem Genesis Fund, which aims to motivate, encourage and facilitate service providers to join and get rooted into the Function X Ecosystem.

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Bringing Euro Stablecoin to Function X

Function X is an accumulation of its use cases. Adding more types of stablecoins will help onboard more users to the blockchain space, especially ones that have not yet been introduced to blockchain technology.

There are many good reasons behind adding the EURS. EURS is a digital euro, or stablecoin, designed by the platform to mirror the price of the euro. The euro is notably the second-largest reserve currency after the US Dollar and it is also the second most traded currency in the world.

Furthermore, the EURS stablecoin aims to offer the benefits of reputation combined with the relative stability of the euro and blockchain technology. STASIS ensures that the tokenized assets on the platform are always backed 1:1 by collateral held in reserve accounts.

EURS on f(x)EVM

Following this integration, Function X developers will be able to integrate EURS into their own dApps on f(x)EVM and offer users the same stability, reliability, and liquidity inherent to the euro. Users can bridge over EURS from the Ethereum blockchain to f(x)EVM via f(x)Core Gravity Bridge.

In addition, EURS will be listed on f(x)Swap and users will be able to add liquidity to the pairs that utilize the token. This listing will also enable users to seamlessly convert cryptocurrencies like FX, PUNDIX, and USDT to a euro stablecoin. The f(x)Swap is the first AMM DEX on f(x)EVM and it allows users to trade and provide liquidity to cryptocurrencies in a decentralized way.

ABOUT Stasis

STASIS is a crypto-enabler platform that aggregates solutions from licensed financial intermediaries. It also provides an institutional-grade link between the decentralized finance world and the off-chain market. It serves as a bridge from Web2.0 to Web3.0 financial services. Pioneers in the commercialization of stablecoin use cases such as acquiring, DeFi lending, remittance, and white-label corporate settlement.

Website | Twitter

About Function X Foundation

Function X Foundation is a non-profit, independent organization that supports the growth of the Function X Ecosystem. A next-generation internet service framework built entirely on and for the blockchain. It is a completely new ecosystem providing a novel service framework. By improving the existing internet and blockchain architectures, combining the benefits of both, and using the most commonly used technical solutions.

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From the 4th year to the 5th year, we launched the Pundi X Chain and activated the loyalty reward mechanism, which is the PURSE token. The $PUNDIX holders can delegate and earn both $PUNDIX as network fees and $PURSE as delegation rewards.

The $PURSE tokens can be used to redeem NFTs, goods, and services, such as gift cards and limited editions of NFTs. There are 2 NFT projects that have been executed, the Mission WAGMI and the Hope For Children NFT project to help children in need in Ukraine with Function X Foundation.

The XPOS network is constantly growing. Since last year, XPOS distributor in Türkiye has opened 14 Pundi X Stores, the new business model of the physical crypto exchange shop, and the number is still increasing. More and more merchants are joining the XPOS family. PUNDI X also has new distributors in Argentina and South Africa and is exploring new possibilities in the countries where Bitcoin/cryptocurrency has been used as a legal tender.

The most exciting news will be the progress of p(x)Change (previously called DeXPOS / XChange). The decentralized version of XPOS is powered by Function X technology, along with the development of p(x)Scan, the multi-chain wallet monitoring dashboard, and p(x)Card, the multi-chain NFT-supported hardware wallet card. They launched the public beta testing in July. This is another step closer to the final launch, which PUNDI X looks forward to.

PUNDIX Upcoming Events

1. Design Contest

From Sep 1st to 25th, 2022, use your creativity to design the coolest Pundi X 5th Anniversary T-shirt, submit your design to the submission form.

2. Transact and Earn

This is an exclusive celebration event for all the XPOS merchants. Now is your chance to show how to do the drill! From Sep1st to 25th, 2022, make transactions on XPOS.

3. Sharing Greetings

From Sep 1st to 25th, 2022, share your birthday wishes and a high five to Pundi X on Twitter.

4. XPOS 50% off flash sale

Grab your chance of this once-in-a-lifetime 50% off deal from Sep 12, 2022, to Sep 16, 2022.

ABOUT Pundi X

Pundi X is a leading developer of blockchain-powered devices, including the world’s first point-of-sale solution, the XPOS, which enables merchants and consumers to do transactions on the blockchain in physical stores.

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What Is f(x)Core Gravity Bridge?

The f(x)Core Gravity Bridge is a trustless, secure and decentralized bridge between Ethereum and the Cosmos ecosystems. Powered by a Cosmos SDK with the aid of smart contracts, the bridge uses a validator set to sign transactions, instead of a multi-sig account or an authorized group of actors.

The bridge allows the seamless addition of ERC20 tokens to the bridge, and thereafter the free movement of ERC20 tokens between the Ethereum and Cosmos ecosystems.

For example, a user wants to participate in a yield farming protocol on f(x)EVM and he/she needs USDT. They can bridge the USDT from Ethereum (or other EVM compatible chain) to f(x)EVM by using the f(x)Core Gravity Bridge. The bridge will lock the token transferred from the sender chain (we are using the Ethereum chain as an example) and mint the representation of that token on the receiver chain (in this example, it is f(x)EVM).

FEATURES

The f(x)Core Gravity Bridge is simple by design and is easy to use, also offering greater security. It does away with long lines of code and harnesses the existing consensus engines of both EVM chains and f(x)Core.

Highly decentralized

• The movement of funds is controlled by validators
• The addition and removal of validators in the group are controlled by the validators
• The addition of new types of tokens to the bridge can be done through governance

Unified token

The unification of the same token from different chains to form a single unified token on f(x)Core that is chain-agnostic

Secure

Validators cannot sign or submit bridge messages not agreed upon by consensus.

Gas Efficient

Rollup-style batch transactions reduce individual users’ gas costs

The Building Blocks of the f(x)Core Gravity Bridge

The Gravity Bridge has three defined components

1. A Solidity contract on Ethereum
2. A Cosmos SDK module on the Gravity Bridge blockchain
3. A Cosmos SDK module: fxcore-ERC20

How does it work?

Like most cross-chain bridges, the Gravity Bridge involves locking up a native token/coin on one side of the bridge and then minting a representation of that token on the other side of the bridge. On the way back, the representation of the token burns and then unlock on the native chain.

When a representation of the token is mint on the f(x)Core chain, it will form a unify token that is chain agnostic. Example: ETH-USDT, Polygon-USDT, Tron-USDT cross-chain through the Gravity Cross-Chain Bridge, then converted by the fx-ERC20 module and unified into an FX-USDT ERC20 Token upon entering the f(x)EVM. Below is a diagram to show how the bridge works.

How to Use Gravity Bridge

For users: f(x)Wallet will soon be able to support the Gravity Bridge

For developers: You may refer to this document to learn how to add your token to the Gravity Bridge

ABOUT FunctionX 

FunctionX is a scalable, open, and decentralized ecosystem, enabling all to build entirely on and for the blockchain

RESOURCES

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The Function X blockchain project is proud to celebrate its latest milestone: the launch of the EVM compatible chain (f(x)EVM) on the Function X Mainnet and its upgrade to block 5,713,000.

This upgrade occurred approximately on July 16th, 2022 at 12:00:00 UTC. Allows developers to migrate their decentralized apps (dApps) to Function X instantly. It also provides the infrastructure to make sure the dApps run smoothly, with low fees, and on a secured network. Function X is one of the first projects to integrate an EVM-compatible chain on a chain based on the Cosmos network.

The upgrade is crucial to Function X’s goal of becoming decentralized finance (DeFi) blockchain platform that strengthens the DeFi ecosystem. Its mission is to encourage developers to use Function X to contribute to the advancement of DeFi and blockchain technology.

Function X is a product supported by use cases and with the f(x)EVM launch. They will see more new use-cases built on the ecosystem. For example, the f(x)EVM launch follows the successful deployment of a retail payment solution (PundiX Chain) and perpetual derivatives trading platform (MarginX). Function X also allows developers to customize the chain based on their needs. By using the Subnet solution while inheriting Function X’s speed and security.

Mainnet Upgrade Benefits

After the f(x)EVM upgrade, users can bridge their $FX and other tokens (such as FX, PUNDIX, PURSE, USDT, and more) from Ethereum to f(x)EVM using FX Bridge. The f(x)Swap will be one of the first dApps that will be available on f(x)EVM. It is also a decentralized exchange. Permits users to swap different cryptocurrency tokens via MetaMask or any other decentralized wallet supporting Wallet Connect e.g f(x)Wallet.

Apart from swapping, there will also be Liquidity Pools. This is where anyone can become a liquidity provider for a pool and earn rewards in the form of trading fees when users trade in those pools.

Deploying dApps to Function X EVM

Function X invites all developers to come and build on the f(x)EVM. With the dApps, you’ll be able to build include not only DEXes but also liquidity protocols, yield aggregators, NFT Marketplaces, and many more. To top it off, the Foundation is allocating $20 million from its Ecosystem Genesis Fund to attract developers and nurture the development of the Function X ecosystem.

The Ecosystem Genesis Fund is transparent and accessible to all developers through governance proposals. This fund allocates to encourage and help to accelerate the development of Function X (and f(x)EVM).

With the recent f(x)EVM upgrade and new investments into the Ecosystem Genesis Fund, the Function X network is set for impressive growth and exciting times ahead.

ABOUT FUNCTION X

Function X supports cross-chains internally (between f(x)Core and other Function X chains) and among other chains (Ethereum, etc). Through decentralized validators, they can safely move assets between f(x)Core and different chains. This comes with high transaction speed, low transaction cost, ability to trade assets, and other useful scenarios.

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