What is the FIX Coin?
Why does the FIX cryptocurrency exist and how will it be used?
FIX Network will utilize and leverage the existing cellular infrastructure by defining and implementing a new blockchain-based security protocol. This architecture will enable mobile operators to provide a safe environment for protecting our identities and digital assets such as cryptocurrency.
The FIX Coin will be used to participate in the FIX Network, and enable access to the Decentralized Security Policy. Network participants, including mobile operators, will be able to host and operate nodes for the real-time and secure participation in the FIX Network blockchain, and will be rewarded with newly mined FIX Coins. The FIX Coins may also be used as a real-time, peer-to-peer IOU gross settlement asset between telecom operators. The Developer Fund will be used to provide the community bounties for development, network sustainability, community management, business development, marketing and on-boarding incentivization.
Our goal is to launch and to rapidly grow the decentralized blockchain-based infrastructure required to support the FIX Network Security Policy and associated applications.
The genesis block and mainnet soft-launch date for this network was 30 May 2019, with the seed nodes being launched and controlled by the 5 companies forming the FIX Network partnership.
All of the 500M pre-mined FIX Coins were distributed to the FIX Network team, advisors, partners, early adopters and contributors, no more than 1M FIX per person.
The soft-launch period was defined by a block height of less than 20’000, and the block rewards generated during the soft-launch period was 3 FIX per block. This was done to allow participants the opportunity to set up their masternodes prior to the commencement of reward generation, so as to ensure equitable distribution of the initial network value.
- Token Type: Utility and Settlement Coin
- Consensus Mechanism: Proof of Stake
- Blockchain: Public
- Protocol: Project Stages 1,2: PIVX, Stage 3: NEM’s Symbol *
- Pre-mine: 500M FIX
- Max Supply: 100B FIX
- Collateral: 1M, 5M, 20M, 100M FIX
- Linear Inflation to Max supply: 25 Years
- Token Price: Not for sale
- Masternode Reward: 80% (12176.56 FIX/Block)
- Proof-of-Stake Reward: 10% (1522.07 FIX/Block)
- Developer Fund: 10% (1522.07 FIX/Block)
- Blocktime Target: 120 sec