Summary of Function X All-Hands Meeting on 23rd November 2022

Indra Winarta
Function X
Published in
4 min readNov 25, 2022

Thank you to those who participated in the November All-Hands meeting via Zoom. If you missed the All-Hands Meeting live session, you can watch it here.

Or you can check out the brief summary below:

  1. f(x)Wallet 2.2
    Function X has updated the f(x)Wallet to the new version 2.2. Here are the new features:
    - Support Ethereum Proof of Work for mainnet and testnet network
    - Support Optimism and Arbitrum L2 chains.
    - Optimized wallet-creating process
    - Optimized Address & Asset Management panel for TRON
  2. FX Swap
    Apart from charts and analytics features implemented on fx-swap.io, farms have officially gone live and together with governance proposal 21 that has recently passed, liquidity providers on FXSwap will receive additional incentives in FX on top of the 0.3% trading fee when depositing their LP tokens to the farms. The total amount of the rewards is 5,000,000 FX.

    The team is currently building a feature to incentivize other tokens to the farm. For example, in the future, one farm can have several token rewards (FX + FXG, etc). The ETA for this feature is at the end of December.
  3. Governance Proposal
    a. Governance Proposal #20

    Update for Governance proposal #20 which has already passed last month with the purpose to airdrop FX tokens for:
    - Performing cross-chain transactions
    - Delegating more than 1000 FX before the EVM upgradE
    The bridging airdrop commerced at block #7305608.

    Whoever bridges more than 75 USD in tokens from the listed chains to f(x)Core will receive $FX as follows:
    - Tron / Ethereum: 2 FX
    - BNBChain: 1 FX
    - Polygon: 0.5 FX

    Following up with the f(x)Core governance proposal #20, more than 2000 eligible wallet addresses that have delegated before the EVM upgrade have received 10 $FX as airdrop.

    b. Governance Proposal #27
    Over a period of 100 days - 2 million $FX (20,000 $FX daily) will be distributed to attract market makers, traders and USDT depositors to be familiar with the f(x)Wallet and MarginX trading platform.

    With what’s been happening at this moment with centralized exchanges, it looks like DEX is the way to go, so with this and the incentives, this is a good time to refer your friends and try out Perpetual trading.

    Do share with your friends on social media and earn the rewards! The earlier you get in, the more you can get from the 2 million $FX pool.

    Keep an eye on MarginX twitter page for announcement soon!

    c. Governance Proposal #28
    Baklava Space will be bringing its protocol to the Function X ecosystem and have a functional synthetic assets platform. Also Baklava Space token Bava token will migrate to f(x)Core making it possible for Baklava to accept LPs from FX and then users can mint synthetic stablecoin to further use it to mint other synthetics.

    In addition to this, we will launch new proposals to include tokens from Avalanche network to Function X. The tokens will be confirmed very soon (estimated next week, or early December). This will include Avalanche native tokens, Benqi Finance and also Baklava. More details will be published soon.
  4. New Partnerships
    a. Supra Oracle

    Function X is pleased to announce a partnership with SupraOracles to get off-chain and cross-chain data that’s swift, reliable, scalable, and with impeccable finality.

    Currently, live on Function X Testnet: https://data.supraoracles.com/networks/function_x

    Learn more:
    https://link.medium.com/hy2mi8oqOub

    b. Teleport Network
    Function X is delighted to announce a partnership with TeleportNetwork, to utilize its Teleport Wallet, Teleport Bridge, and TeleSwap. f(x)Core will be integrated into Teleport’s browser wallet and you can find out more details in the article here: https://link.medium.com/mhJQljNE8ub

    We are also currently talking with the Web3 Gaming project, and will announce something interesting soon.
  5. Update from Fox Gaming
    Andreas: Hi Thilo, good to see you again at another Function X All-Hands Meeting. I am sure everyone is looking forward to hearing your updates and hints about the launch of the NFT marketplace on f(x)Core.

    Before you answer that, for new members here today, can you briefly introduce your project first?

    Thilo:
    FoxGaming has an utility token as the center of our project and many use cases. First of all our marketplace followed by NFT collection, INO platform and codeless website builder including smart contracts.

    Andreas: So what is the current development status? I am sure everyone is excited to hear about the launch. I also saw some crazy and nicely designed FOX NFTs flowing around on Twitter and the telegram channel.

    Thilo:
    We are very close to the launch of the marketplace and INO platform. Also the NFT collection will be the First Project in INO.

    For FOX Gaming’s presentation and updates, you can access it here.

What do you think about our All-hands Meeting in Zoom? Is it a good way for you to engage and participate? What can we do to make it better? We welcome your discussion and feedback at https://forum.starscan.io.

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