Temperature Check: upgrade f(x)Core and rebrand Function X to Pundi AIFX

[zaccheah]

Hi guys,

regarding tokenomics, it’s important to remember

1. Nothing changes for $PUNDIX

2. Changes for $FX

• $FX swap to $AIFX due to chain merge
• NO dilution
• Ample time to swap
• Simple and easy steps to swap
• 100 $FX is 1 $AIFX (pending exchange approval)

Proposed Token Migration (Ticker and Supply Change)Notes:

	Before	After
Chain Name	Function X	Pundi-AIFX
Token Ticker (proposed)	$FX	$AIFX
Circulating supply (estimated)	735,000,000	7,350,000 (pending exchange approval)
Maximum supply	1,893,022,625	18,930,226.25 (pending exchange approval)

To reiterate

• We are combining two chains to one called Pundi-FX chain (main chain f(x)Core and L2 PundiXChain into one)

• We are NOT combining tokens: $PUNDIX, and $FX will remain separate after rebrand

• The tokenomics will remain largely the same (see first post), and NO dilution is happening.

• VERY IMPORTANT, build a stronger use case and vision, more updates soon and read AI post.

Adenddum from Space

• In X Spaces, I had mistakenly quoted that 1 $FX is 100 $AIFX in instances, it should be 100 $FX is 1 $AIFX.

Answers to queries below:

@Jan

What about f(x)Wallet? Are there thoughts about rebranding or re-naming the wallet also to e.g pundifx wallet orso?

Maybe it’s an opportune time to consider, same goes for other ecosystem services such as starscan, maybe it should be pundiscan. Let’s discuss this down the road after we nail the main rebrand first.

@Jan

the pundix validators will retire after the merge.
Does this mean that there will be no more option to delegate pundix at all?
Or will there be option to delegate our pundix in some other way?

There will be NO option for $PUNDIX to delegate to the new chain’s validator, however $PUNDIX will be incentivized through farmings on MarginX, to make sure hodlers continue to earn. Details later.

@AIMeow

Meow, since fx project is exploring AI and going for a rebranding, cat think changing the new token ticker will help new hodlers discover new fx.

Cat proposes AIFX or FXAI.

This ticker was brought up internally, I must admit is cliche-ish but catchy.

@LKYBOB

PUNDIX won’t have delegation as it will be on the new PUNDIX-FX network which is governed by the new main net coin PUNDIX-Fx as the current (FX) validators & delegators as they are now only with the new ticker.

Correct.

Actions right now by team:

1. AI research
2. communication with exchanges
3. governance voting if exchanges green light
4. Media outreach
5. core community discussion (essentially this thread)