Faex is an Ethereum side-chain settlement network based on high-frequency settlement of Ethereum assets. The Faex centralized exchange is the first application of the Faex network. Besides being the platform token for the Faex decentralized exchange, FX is also the sole certification token for the global shared order book of the Faex underlying network. In its current phase, FX will be utilized in various features of the Faex decentralized exchange, such as FX lotteries, super node rewards, discounted trading fees, IEO allocations, purchasing physical goods, casual gambling games, betting on market trends, and buying different value-added services. Faex will leverage FX to help enhance returns for both its ecosystem and users.