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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.

FONSmartChain (FON) is a cryptocurrency launched in 2022. FON has a current supply of 23.00M with 12.35M in circulation. The last known price of FON is 1.33 USD and is 0.074897690788 over the last 24 hours. It is currently trading on active market(s) with $97,869.22 traded over the last 24 hours. More information can be found at https://docs.fonscan.io/.

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FON Price Statistics
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Updated Jul 16, 2024 1:26 pm
Mkt Cap $16.41M
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Frequently Asked Questions

  • What is the all-time high price of FONSmartChain (FON)?

    The all-time high of FON was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of FONSmartChain (FON) is 0. The current price of FON is down 0% from its all-time high.

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  • How much FONSmartChain (FON) is there in circulation?

    As of , there is currently 12.35M FON in circulation. FON has a maximum supply of 23.03M.

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  • What is the market cap of FONSmartChain (FON)?

    The current market cap of FON is 16.41M. It is calculated by multiplying the current supply of FON by its real-time market price of 1.33.

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  • What is the all-time low price of FONSmartChain (FON)?

    The all-time low of FON was 0 , from which the coin is now up 0%. The all-time low price of FONSmartChain (FON) is 0. The current price of FON is up 0% from its all-time low.

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  • Is FONSmartChain (FON) a good investment?

    FONSmartChain (FON) has a market capitalization of $16.41M and is ranked #931 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze FONSmartChain (FON) price trends and patterns to find the best time to purchase FON.

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