I am searching for a non-constant function $f:\mathbb{R}\rightarrow \mathbb{R}$ with the following properties:
1) $f(a+b)=f(a)f(b)$
2) $\lim\limits_{x\rightarrow -\infty} f(x) = 1$.
Is it possible to find such a function or is there a reason why such a function can not exist?
By induction, you get $f (-n )=f(-1)^{n} $. The limit condition now forces $f (-1)=1$. But then, for any $x $, $$f (-n+x)=f (-1)^nf (x)=f (x), $$ and now the limit condition gives $f (x)=1$.