Functor is a layer-1 blockchain for trading perpetual futures and options, with vaults.
Every validator computes the same result. Total balances always equal deposits minus withdrawals, and a rejected transaction leaves the state unchanged.
All FCTR is minted at genesis. Burns reduce the supply. No VC allocation. Final terms will be set in the white paper.
All buyers pay the same price. Arrival time does not affect priority, and splitting orders across wallets gains nothing.
For the first days, each block clears at one price. After that, prices trade within a moving band. If the price hits the band, the market pauses and reopens with an auction.
The chain enforces the vesting of the founder's 25%. Holders can always sell their full balance.
30% of trading fees go to the liquidity vaults and 70% to FCTR buybacks.
Order book, clearinghouse, launch market, FCTR ledger, funding.
Oracle, vaults, node, trading app.
Competition, points, open-source node.
Bridge, vaults, audit.
Charter; fee share for scholarships.
MiCA white paper, opening auction, buybacks.
Spreads, condors and collars can be built from individual legs on any listed asset.
Crypto price jumps arrive in clusters, and each jump makes the next more likely. The models use a Hawkes intensity for this.
Each position locks its maximum loss, so options are never liquidated.
A local C++ scanner reads a codebase and records every place cryptography is used, and what it protects.
What is broken today gates a build. What must migrate before 2035 is reported separately.
The Functor chain scores 0 for weaknesses, with one asymmetric site: the signatures planned for accounts.
Perps, FCTR/USDC and the FLP vaults, with mock funds. The multi-validator public testnet is targeted for Q1 2027. FCTR is not for sale.