What is Flux (FLUX)? FLUX Cryptocurrency Details

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2021-12-23 21:35:06

What is Flux (FLUX)?

Flux is the new generation of scalable decentralized cloud infrastructure. Simply develop, manage and spawn your applications on multiple servers at the same time. Ready for Web3, dApps,….

Watch now: What is Web 3.0? The new era of the Internet is starting here

Problems and solutions from Flux Ecosystem

Problem

The largest Web3 projects (by market capitalization) were at the forefront of the Web3 boom, but they all have one problem in common: Most of our infrastructure is still centralized.

For blockchain and Web3 to grow further, a decentralized infrastructure is needed. Although there are many projects that provide applications for Web3, like PancakeSwap, Axie Infinity, very few projects provide the decentralized infrastructure to run them.

One of the most prominent projects to solve this problem is Flux (FLUX).

Solution

Flux provides a set of decentralized infrastructure services needed to run Web 3.0.

  • FluxNodes: Decentralized compute network nodes that provide dedicated computing power and generate rewards in Flux for powering the network.
  • FluxOS: FluxOS is a layer-2 operating application that allows users to run on Flux’s completely decentralized compute network. Once deployed, FluxOS ensures all nodes function properly and communicate throughout the network.
  • XDAO: Flux governance is managed by a decentralized community that can submit and vote on proposals for the future of Flux.
  • Fusion: The Fusion app will allow users to swap and connect FLUX tokens between different chains.
  • Zelcore non-custodial wallet: An launched wallet application that integrates with major CEX and DEX exchanges.
  • Flux coin: Unity token for governance, node collateral, hosting payments, and more. The coin is distributed fairly through proof-of-work (mining) and is a reward for node operators.
  • Infinity Contracts: Flux uses Web 3.0 smart contracts where the dApp acts as a smart contract, making them infinitely scalable, can be written in any programming language, and can be integrated with any blockchain.

FLUX Tokenomics

Key Metrics

  • Ticker: FLUX
  • Blockchain: Ethereum
  • Contract: 0x720cd16b011b987da3518fbf38c3071d4f0d1495
  • Token Standard: ERC-20.
  • Token type: Unity
  • Total Supply: 220,347,380 FLUX
  • Max Supply: 440,000,000 FLUX
  • Circulating Supply: 221,289,792.25 FLUX

Token Allocation

  • Flux Team: 0.7%
  • Foundation: 2.9%
  • Exchange listing/ Liquidity: 1.7%
  • Mining/ Node Rewards: 94.7

Token Release Schedule

flux-token-release

Token Use Case

  • Proof-of-work mining: Users running Flux nodes can mineFLUX tokens by participating in a proof-of-work (PoW) consensus mechanism to secure the Flux network.
  • Node collateral: Users will have to lock FLUX tokens to run Flux nodes. This is done to minimize any bad actors.
  • Payment Currency: Users can use FLUX tokens to pay for Flux network services (i.e. hosting applications on the Flux network) and cross-chain bridge fees.
  • Governance: Flux node operators can participate in the administration of Flux. The votes are based on the number of FLUX tokens locked in each operator node.

Token Sale

No token sale.

Which exchange is FLUX traded on?

You can register an account and buy on Binance or Kucoin.

FLUX coin storage wallet

Can be stored on Coin98 Wallet.

Enter Coin98 Wallet Referral ID as “C98NBDN89Q” to support BTA.

Flux Team

flux-team

Partners

  • GSR: Financial Services for the Cryptocurrency Market.
  • Wyre: Fiat-to-crypto payment service.
  • Kadena: Kadena provides the world’s fastest hybrid blockchain platform, consisting of a single sharded and scalable public layer-1 PoW network.
  • Coinmetro: Exchange & Staking Platform.
  • Research: A decentralized search engine.

Investors

Updating…

Roadmap

Updating…

About Flux

summary

If the success of Solana, Polkadot, and Avalanche can be considered the first wave of the Web 3.0 boom, then blockchain projects that provide the decentralized infrastructure needed to host Web 3.0 are suitable. for the next wave.

Flux has achieved many achievements, through its partnership with Kadena, which are generating a significant amount of revenue in the field of decentralized cloud computing.

And you, how do you feel about this project? Please consider the article as information and not investment advice.

#Flux #FLUX #FLUX #Cryptocurrency #Details

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