Dear Function X members,
As of June 21, 2021, we’ve reached about 90% of our target to launch the Function X Mainnet. We are so close and I know that many Function X members are anticipating the launch as much as the Team is. Our developers are working hard to get the network ready and hone f(x)Wallet’s cross-chain transaction features under a test environment. For the past few days, some new FX holders have been sending their FX to the FX staking pool even though the staking ended on June 15.
The momentum is there and as the President of Function X Foundation, I want to build on that momentum and ensure the remaining 10% can be filled within the next few days. After discussion with Zac, Pundi X co-Founder and CEO, we came to the conclusion that the final date for contributing to the FX launch pool will be June 27, 2021 at 23:59:59 GMT+8. The Foundation will fill the pool to 100% of the target to reach the 75 million FX Mainnet launch target.
In the meantime, we’d like to encourage Whales, FX holders of more than 100,000 FX tokens that have not been staked in the FX Wallet, to contribute their FX directly to the Mainnet launch contract (0x8fb0FCbE3B8F3183E192B1071EE4AB3ab9588332) to help us reach the target. To incentivize those Whales, the Pundi X co-founders will personally airdrop to each Whale who contributes more than 100,000 FX tokens a 10% bonus. The airdrop, equal to the contribution plus 10%, will occur upon the Mainnet launch.
The deadline for Whales to make their contributions is this Sunday, June 27, 2021 at 23:59:59 GMT+8.
We’re doing this because we’re so close and we don’t want to delay the Mainnet launch. Once Mainnet launches, there will be more incentives for everyone through delegation to validators.
So, Monday, June 28, 2021 is the day we’ll hit our target. If the Cryptogods are smiling on us, July 6th Mainnet goes live!
David Ben Kay
President of Function X Foundation