| 𝗙𝗔𝗡𝗚𝗢 | |
|---|---|
| |
| Fango ( XFG ) | |
| Introduced | Jan 8th 2018 |
| Symbol | ₲ |
| Hash function | CryptoNight var2 (Monero v8) |
| Block time | 8 minutes |
| Block reward | ~1.8 XFG |
| Coin cap | 8M |
| Diff. retarget | Zawy LWMA1 |
| Halvening | smoothly decreasing |
| mintxfee | 0.08 XFG (800k 0rbs) |
| Premine | None |
| Announcement | https://bitcointalk.org/index.php?topic=2712001.0 |
| Website | https://fandom.money |
| Repository | https://github.com/fandomgold |
Fango (XFG) is an open-source decentralized peer-to-peer network of anonymous money launched by an alias "æjontargaryen" on Jan 8th 2018. It is used to both securely store & transfer monetary value privately between individuals utilizing the XFG blockchain.
Originally launched as a meme coin by the name of '{Dragonglass}' (DRGL), a Game Of Thrones season 8 countdown fandom in-&-of itself, which involved a silent launch of source-code only at time of announcement; distributing approximately 80% of the network's total currency supply to everyone mining the network during the 1.5 years leading up to GOT's 8th and final season premiere date.
Over time, the network as a whole evolved to an official rebranding of currency (Fango) & ticker (XFG). Proof of Work algorithm was changed to Monero's V8 (CN var2) as well as, a new block target time of 8 minutes. Fango development team was also renamed to Fandom Gold Society during this time. All monetary specifications were preserved, as the original currency supply still remains fixed (no tail-emission) & hard-coded to 8 Million 8.
Currency[edit | edit source]
Fango is based on the CryptoNote protocol which utilizes ring signatures to provide a default level of privacy and obfuscation for each transaction made in the network.
After implementing ring signatures.
Unlike Bitcoin or other psuedo-anonymous cryptocurrencies, Fango sender & receiver addresses and wallet balances are not publicly viewable or even traceable on public block explorers. However, participants of each Fango transaction are still able to personally verify and easily prove with validation from any public XFG block explorer (1 , 2) that payment was sent and/or received by using an unique one-time key generated for each transfer called the Transaction-Private-Key. Allowing Fango users to verify proof of payment without sacrificing their identity.
Social Economy[edit | edit source]
Currently, the Fango community predominantly utilizes Discord for multiple tip-based wallets to help monetize value in our fandom thru expression of gratitude or appreciation by way of sending money (denominated in XFG) to each other.
Network Layer(s)[edit | edit source]
Fango network also serves as a foundational base-layer for further utilization of it's decentralized blockchain and peer-to-peer network. The DIGM Audio Album Marketplace + ParaDio: streaming rewards radio, is currently in development, as well as COLD: Fango's DeFi Banking Suite for off-chain interest on XFG deposit yield- expected to be functional no later than 2022.
