Flux

FLUX is the native cryptocurrency powering the Flux ecosystem, a decentralized Web3 cloud infrastructure. It serves multiple purposes within the ecosystem, including purchasing resources, collateralizing nodes, fueling transactions on FluxOS, and rewarding miners and FluxNode operators. The ecosystem aims to empower the development, deployment, and usage of the decentralized internet, featuring a native POW cryptocurrency, a decentralized computational network (FluxNodes), a Linux-based operating system (FluxOS), a digital asset platform (Zelcore), and the Flux blockchain for governance and interoperability with other blockchains and DeFi access.

• Total Supply:

• 440,000,000 FLUX

• FLUX tokens are generated through mining without allocations for angel investors, VC investments, private placements, or pre-mining[10].

As of today #{today’s date}, the price of Flux is ₹64.05 INR or 0.6924 USD, with a 24-hour trading volume of 8380319.03 USD. The market capitalization for Flux is 243597600.95USD. The circulating supply is 350458064.8 Flux, with the total supply also being 440000000 Flux.

• Decentralized Infrastructure:

• Largest decentralized computational network, enhancing security and reliability[1].

• Multiple Use Cases:

• Used for purchasing resources, collateralizing nodes, and rewarding miners and node operators[1].

• Interoperability:

• Supports parallel assets for interoperability with other blockchains and DeFi access[1].

• Community Governance:

• FLUX holders can participate in on-chain governance, influencing the ecosystem's development[1].

• Sustainable Mining:

• Proof of Work consensus mechanism that aims for sustainability[13].

• Market Volatility:

• Like all cryptocurrencies, FLUX is subject to market fluctuations[1].

• Regulatory Uncertainty:

• Potential regulatory changes could impact the ecosystem[1].

• Technical Complexity:

• The decentralized infrastructure may present a steep learning curve for new users[1].

• Competition:

• Faces competition from other decentralized cloud computing platforms[1].

• Adoption Rate:

• FLUX's success depends on the Flux ecosystem's adoption rate [1].

• Why Should You Invest in the Coin?

• Leading Decentralized Network:

• Investing in one of the largest decentralized computational networks[1].

• Growth Potential:

• The continuous development and expansion of the ecosystem could increase FLUX's value[1].

• Active Community:

• A strong community and governance model allowing direct participation[1].

• Interoperability and DeFi Access:

• Unique position in the market due to its interoperability features[1].

• Innovative Technology:

• Investment in a project revolutionizing cloud computing and Web3 infrastructure[1].

• USP of the coin

• Largest Decentralized Network:

• FLUX powers the world's largest decentralized computational network[1].

• Comprehensive Ecosystem:

• Offers a complete suite of tools for decentralized internet development[1].

• Sustainable and Democratic Mining:

• No pre-mining or allocations to insiders, promoting a fair distribution[10].

FLUX addresses the need for a decentralized, secure, and scalable cloud computing infrastructure, aiming to empower the development and usage of Web3 applications without relying on centralized services[1].

The Flux ecosystem was co-founded by Parker Honeyman, Tadeáš Kmenta, and Daniel Keller, who bring a wealth of experience in blockchain development, IT management, and engineering[13].

The FLUX token sale occurred from December 1 to December 4, as indicated by the Liquidity Bootstrapping Pool (LBP) event on Balancer.

The initial offering price for FLUX was USD 0.5 per token.

The ICO successfully raised $2,854,554.

50 million FLUX tokens were offered for sale during the ICO out of a total supply of 100 million FLUX tokens.

FLUX Protocol raised $10.3 million in a seed funding round announced on May 20, 2021. The round was led by Distributed Global, with participation from Coinbase Ventures, CoinFund, Uncorrelated Ventures, Figment Capital, and others.

• Market Volatility:

• Subject to the high volatility of the crypto market[1].

• Regulatory Risks:

• Regulation changes could impact the ecosystem's operations[1].

• Technical Risks:

• Potential vulnerabilities in the decentralized infrastructure[1].

• Competition:

• Strong competition from other blockchain and cloud computing projects[1].

• Adoption Challenges:

• The ecosystem's success heavily relies on widespread adoption[1].

The Flux whitepaper outlines the technical and economic framework of the Flux ecosystem, emphasizing its decentralized computational network, FluxOS, and the FLUX cryptocurrency. It details the ecosystem's components, including the native POW cryptocurrency, a decentralized computational network (FluxNodes), FluxOS, the Zelcore digital asset platform, and the Flux blockchain for governance and interoperability. The whitepaper highlights the ecosystem's commitment to decentralization, security, and scalability, aiming to empower developers and users in the Web3 space. It discusses tokenomics, including the total supply of 440,000,000 FLUX and the democratic distribution model without pre-mining or allocations to insiders. The document elaborates on the use cases of FLUX within the ecosystem, such as purchasing resources, collateralizing nodes, and rewarding miners and node operators. It also covers the governance model, allowing FLUX holders to participate in decision-making. The whitepaper underscores the Problem FLUX aims to solve: the need for a decentralized, secure, and scalable cloud computing infrastructure for Web3 applications. It concludes with the vision of Flux as a leading decentralized network that facilitates the development, deployment, and usage of decentralized internet technologies.