Ferminux Network — FAQ

What is FMX?

FMX is the native coin of the Ferminux Network, a sovereign EVM Layer-1 blockchain — its own chain with its own genesis (ChainID 3961), not a rollup, not a fork of any existing network's state. It runs Ethash proof-of-work with ~7-second blocks and EIP-1559 fees from genesis, using a dedicated client, ferminux-geth. FMX has 18 decimals and pays for gas, secures the chain through mining, and is the fee asset for on-chain services like the TokenFactory.

What is FMX worth?

There is no price. FMX does not trade anywhere yet, so nothing has been paid for it and no exchange rate exists.

A price will only exist once there is a market — a liquidity pool or an exchange listing where a willing buyer and a willing seller meet. At that point the market sets the price, and it will move with supply and demand like any other asset. Nothing about the price is set or enforced by the protocol.

Today FMX is obtained by mining it. (AZNT is a separate asset and is pegged 1:1 to the Azerbaijani manat, backed by off-chain reserves.)

Supply

Hard cap: 100,000,000 FMX (see the caveat below). Genesis premine: 30 M. Base mining emission converges to 54 M. Premine + base emission = 84 M, leaving 16 M headroom under the cap.

Premine (30 M) breakdown

Founder/developer share = Team 5 M (vested) + Treasury 12 M = 17%, within the healthy 15–25% industry norm. The ecosystem sub-buckets are operational splits managed from the ecosystem wallet, not separate genesis allocations. (Final addresses fixed at the 2026-08-20 genesis ceremony; full table in genesis/README.md.)

Mining emission — the Emission hard fork (block 20,000)

Ferminux launched at 6 FMX per block. At ~7-second blocks that is 26.3 M FMX per year — an 88% annual increase against the 30 M premine, and far more new supply than any young market can absorb. Miners must sell to cover electricity, so an emission rate set too high works directly against the coin's own price.

From block 20,000 the base reward is therefore 1 FMX, halving every 4,500,000 blocks as before:

Year-one emission drops from 26.3 M to 4.6 M FMX (~15%), and total supply converges to roughly 39 M FMX — well under the 100 M cap, which now functions as a ceiling that will never be approached rather than a target.

Upgrading is mandatory: a node running a pre-fork ferminux-geth will follow a different chain from block 20,000 onward. Install the current build with curl -fsSL https://ferminux.net/install.sh | bash.

Supply sinks

Emission is only half the picture; Ferminux also destroys coins permanently:

• EIP-1559 base fee is burned on every transaction, as on Ethereum.
• TokenFactory launch fees are burned. The fee collector is set to 0x…dEaD, so each 10,000 FMX token launch removes those coins from supply forever rather than routing them to the treasury.
• Bridge fees (when the bridge ships) send a share to the same burn address.

These sinks scale with real usage, so the busier the chain gets, the more supply contracts.

Era length is unchanged: ~375 days at the ~7.2 s average block time, so halvings remain roughly annual.

The uncle-reward caveat (honest fine print)

The 100 M cap is economic, not consensus-enforced. Standard Ethash uncle rewards (7/8 of the block reward to a depth-1 uncle, +1/32 to the includer) are paid on top of base emission. The 16 M headroom holds as long as the lifetime uncle rate stays under ~1 uncle per 3 blocks:

max extra per uncle ≈ (7/8 + 1/32) × reward = 0.90625 × reward
headroom / (0.90625 × 54 M) = 16 / 48.9 ≈ 0.327 uncles per block ≈ 1 per 3 blocks

Realistic uncle rates at 7 s blocks (10–20%) sit well inside that bound, and the rate is monitored once mainnet hashrate is real. Details in chain/README.md.

Why PoW now, PoS later?

Proof-of-work is the only way to launch a sovereign chain with objective, permissionless distribution — anyone with a CPU/GPU can earn FMX from block one; no validator gatekeeping, no "trust the sequencer". The plan:

• Now → block 4,500,000: Ethash PoW (standard DAG — every existing Ethash GPU miner works).
• Block 4,500,000 (the first halving, ~1 year in): planned PoS transition. Today this is hooks only — the client marks the boundary, but PoW remains the engine until a future release schedules the actual switch behind geth's consensus.Engine interface as an explicit hard fork. If that release never ships, PoW simply continues on the halving schedule and the emission stays inside the cap regardless.

What do transactions cost?

Ferminux runs EIP-1559 from genesis: each block sets a base fee (burned) plus a priority tip (to the miner). The base fee starts at 1 gwei and decays toward the floor while blocks are under half-full — on a quiet chain it is a few wei.

simple transfer  = 21,000 gas × 1 gwei = 0.000021 FMX
token transfer   ≈ 50,000 gas × 1 gwei ≈ 0.00005  FMX

Fees are denominated in FMX, so their cost in any currency depends on what FMX is worth — but the quantity is tiny: a transfer burns roughly two hundred-thousandths of one FMX. The block gas limit is 100 M, which is about 4,760 simple transfers per block, or roughly 660 per second at the 7-second target.

What is AZNT?

AZNT — Ferminux Manat is an AZN (Azerbaijani manat) reserve-backed stablecoin on Ferminux: 1 AZNT = 1 AZN, backed 1:1 by off-chain bank reserves. It uses the USDT/USDC convention of 6 decimals and a USDC-style operational model (separate minter/burner/pauser/blacklister roles under a multisig admin, EIP-2612 gasless approvals). Minting happens on verified AZN deposit; burning on redemption. 4 M FMX of the premine is reserved for AZNT liquidity and market operations.

What is the TokenFactory?

A one-click coin launcher: anyone deploys their own ERC-20 on Ferminux by calling launch() and paying a 10,000 FMX launch fee (protocol revenue, forwarded to the treasury multisig, which can tune the fee — deliberately high while the public sale is closed; the launchpad UI always shows the live on-chain fee). Every launched token is a standard fixed-or-mintable ERC-20 recorded in an on-chain registry — the explorer and wallet can verify a token came from the official factory, which is a basic anti-scam signal: factory tokens have known, unmodified code.

Is there a faucet?

Yes — a rate-limited on-chain faucet drips 0.5 FMX per address per 24 h so new users can pay their first gas fees, funded from the 3 M community allocation.

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