Flux current price (FLUX)

$0.113

46.10%
Trading Volume (24h)
$605,096.40

Market/Exchange

About Flux

The Flux Ecosystem is a suite of decentralized computing services and blockchain-as-a-service solutions together to offer an interoperable, decentralized AWS-like development environment. Flux utilizes a native POW coin to power this ecosystem, providing incentive for hardware hosters, governance on-chain, and bad actor mitigation via staking requirements for running hardware. The Flux operating system runs on top of Linux to provide the network with verified, enterprise-grade compute power and utilizes the blockchain to ensure transparency in governance operations. Flux node operators can choose from 3 tiers of hardware requirements to stand up after providing the necessary Flux capital soft-locked in their wallet. This allows almost anyone to be rewarded for providing hardware to the network, from anywhere in the world.

The network currently boasts over 200TB of SSD storage, 3500 vCores of CPU power, and 10TB of RAM. Flux utilizes this computing power to run our version of decentralized applications (Dapps) via Docker images. Node operators can choose which Dapps they wish to run, and Flux load-balances certain Dapps across the network that provide additional incentives to node ops via coin distributions on top of the Flux rewards. The rewards to operators increase as the network usage increases, effectively diversifying operator profits.

Flux nodes currently host blockchain-focused projects such as:

  • Hosting backend services for Zelcore, a multi-asset digital custody platform
  • Kadena and Kadenaswap infrastructure (additional rewards paid in KDA to node ops)
  • Dibifetch, a market-rate aggregator and API data source
  • [email protected], using dormant processing power to cure diseases

Flux is always looking for new partners to build out the Dapps offering, including services like secure data storage, hosting next-generation blockchain applications and infrastructure, and powering core components of Defi protocols. As more Dapps are hosted on the network, Flux achieves simple scalability by halving the Flux staking requirements for node operators, effectively doubling the computing power of the network with each collateral halving. Demand for the asset rises with network adoption, as node ops will have a say in network growth and the rewards become more valuable as the price of Flux increases and traded on multiple protocols, explained below.

The native POW coin, Flux, has a finite maximum supply and is distributed via mining to both the miners and node operators in a symbiotic relationship. To increase visibility and portability of the Flux asset, the team is creating cross-protocol assets to allow Flux holders the choice of token types to exchange. In H1 2021, Flux will also be available on Ethereum, Kadena, Binance Smart Chain, and Tron protocols alongside the native Flux chain. Flux will add support for more protocols as they become viable, creating a governance digital asset that can traverse the entire crypto space and take advantage of current and future Defi services.

Flux Price Chart