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FLUX CRYPTO PROJECT PLUS

Its recently been added to the Wallet so hopefully soon fully listed.

FLUX CRYPTO PROJECT PLUS

It's also on KuCoin and Gate.io plus a number of other smaller centralised exchanges plus DEFI exchanges. There are however Parallel Assets, in the form of Flux Tokens that can exist in a 1:1 ratio on other blockchains such as ETH, SOL, BSC etc (This is to aid with exchange listings and general interoperability amongst other things)įlux has been recently listed on Binance which has naturally caused volume to pick up. The Project started in early 2018, so its survived the ups and downs over the years which is a good sign in my book.įlux is the cryptocurrency that powers the Flux ecosystem, it is its own chain and it does not solely rely on other blockchains to exist. For those that haven't, I wanted to share some of the highlights from my own research and my reasons for being bullish on the project. The Flux Ecosystem is a fully-operational suite of decentralized computing services and blockchain-as-a-service solutions which offer an interoperable, decentralized, AWS-like development environment."įor those of you who have already discovered Flux, congrats for getting in early. Simply develop, manage, and spawn your applications on multiple servers at once. "Flux is the new generation of scalable decentralized cloud infrastructure.

The ecosystem has exploded in recent years on the DEFI front and this year has seen a huge surge in the NFT and Metaverse space which got me thinking about what's the next big thing in Crypto going to be for 2022 and beyond? I have come to the conclusion that decentralised Cloud Service Providers could well be an area to boom in 2022 and beyond!Ī very quick summary of Flux plucked from CMC is below: The current circulating supply is 221,186,405 (~50.27% of the maximum token supply).As I would hope most of us here know, Crypto came to be way back in Jan 2009 in the form of Bitcoin v0.1 in response to the 2008 global financial crisis, as a way for people to control their own money by way of decentralisation.

As at December 10th 2021, the maximum and total token supply of FLUX are 440,000,000 and 220,347,380 respectively.

Fusion: The Fusion app will allow users to swap and bridge FLUX tokens between different chains.

XDAO: Flux governance is managed by a decentralized community that can submit and vote on proposals for the future of Flux.

Once deployed, FluxOS ensures all nodes are running properly and communicating throughout the network.

FluxOS: FluxOS is a second-layer operating application that allows users to run on Flux’s fully decentralized computational network.

FluxNodes: Decentralized computational network nodes that supply dedicated computing power, and generate rewards in Flux for powering the network.

The project consists of the following major components working in conjunction:.

Votes are based on the number of locked FLUX tokens in each operator’s node.

Governance: Flux node operators can participate in the governance of Flux.

hosting applications on the Flux network) and cross-chain bridge fees.

Payment currency: Users can use FLUX tokens to pay for Flux network services (i.e.

Node collateral: Users will have to lock FLUX tokens for running Flux nodes, this is done to mitigate any bad actors.

Proof-of-work mining: Users running Flux nodes can mine for FLUX tokens by participating in the proof-of-work (PoW) consensus mechanism to secure the Flux network.

FLUX is the native token of the project.

Within the Flux ecosystem, users are able to operate nodes to mine FLUX tokens rewards, purchase computational resources, and pay for network fees.

Flux is a decentralized cloud computing network on the Flux blockchain, which utilizes Proof-of-work (PoW) consensus mechanism.