FONSmartChain

Price

(fon)
Note: This platform does not support trading services in this currency
$0.765463 -2.8%

      Overview

      fon Price Live Data

      fon Price Information

      24h Low/High

      24h Low $0.764598
      24h High $0.788477

      All Time High

      US$5.23

      All Time Low

      US$0.750771

      High Price 7D

      US$0.884424

      Low Price 7D

      US$0.771617

      fon Market Information

      Market Cap Ranking

      Fully Diluted Valuation

      US$19886125

      Total Supply

      26,000,000

      Maximum Supply

      26000000

      Market Cap Advantages

      0%

      Circulation Supply/Total Market Cap

      0.000

      About fon

      FON Smart Chain is an innovative solution to bring programmability and interoperability to Beacon Chain. FON Smart Chain relies on a system of 21 active validators with Proof of Staked Authority (APoS) consensus that can support short block time and lower fees. The most bonded validator candidates of staking will become validators and produce blocks. The double-sign detection and other slashing logic guarantee security, stability, and chain finality. Other than the 21 active validators, FSC will introduce more validators, e.g. another 20 inactive validators, into the validator set as backups, which will be called “Candidates”. Candidates will produce blocks and charge gas fees in FSC mainnet, but in a much less chance than the official validator set of 21 elected. The unavailable candidates will be slashed as well though in a smaller size. A decent motivation is expected to be maintained so that the candidate validators are willing to ensure the quality and help secure FSC. In an extreme case, if a majority of the active 21 validators get attacked and offline, Candidate Validators can report to Beacon Chain about the stale blocking, resume it and eventually propose a re-election of the active validator set. The FON Smart Chain also supports EVM-compatible smart contracts and protocols. Cross-chain transfer and other communication are possible due to native support of interoperability. Binance DEX remains a liquid venue of the exchange of assets on both chains. This dual-chain architecture will be ideal for users to take advantage of the fast trading on one side and build their decentralized apps on the other side.

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