fxhashPrice

(FXH)

fxhash is a prominent open platform for generative art that launched in 2021, allowing artists to publish code-based tokens that collectors can mint as unique NFTs. The $FXH token serves as the native utility and governance token for the ecosystem. It was introduced to transition the platform into a decentralized protocol, empowering a new on-chain art economy where the community can influence the project's direction and participate in platform-specific financial activities.

Eligibility for the $FXH airdrop was primarily determined by retrospective activity on the platform since its 2021 launch. Criteria typically included the total amount spent on art collections, revenue earned by artists, the diversity of artists within a user's collection, and long-term consistency in platform participation. Users are generally directed to the official project portal to check eligibility and manage their claims securely.

Art Coins are unique artist-specific tokens launched via a bonding curve model within the $FXH protocol. Collectors use $FXH to purchase these tokens, which are tied to specific artist collections. Once an Art Coin reaches a certain level of traction, it is paired with $FXH in a liquidity pool. This allows artists to earn rewards from trading activity, providing an additional revenue stream beyond traditional secondary market royalties.

While fxhash originally launched on the Tezos blockchain, it has expanded to the Base network, an Ethereum Layer 2 solution. The $FXH token itself is native to the Base network. The platform remains multi-chain, allowing artists to mint works on both Tezos and Base, but the core protocol governance, liquidity, and token utility are centered on the Base ecosystem.

The $FXH token provides several key functions within the ecosystem. It is used as the foundational currency for launching or acquiring artist-specific tokens (Art Coins). Holders can participate in protocol governance by voting on upgrades and treasury allocations. Additionally, the token is used for liquidity provision and curation, where users can signal support for specific art projects to increase their visibility.

The total supply of $FXH is capped at 1 billion tokens. The distribution is split into three main categories: 40% is allocated to the community for airdrops and rewards; 30% is dedicated to ecosystem growth, liquidity, and the treasury; and the remaining 30% is allocated to the team and investors. To ensure long-term stability, the team and investor portions are subject to a one-year cliff followed by a three-year vesting period.