Name: Flux
Brand: Flux
SKU: FLUX
Price: 5.156199999999999 INR
Availability: InStock
Rating: 4.5 (39 reviews)

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Features good technological feasibility and diverse application scenarios, with major products already launched and either an early-stage or stable ecosystem in place. Multiple automated metrics indicate a notable level of industry attention and support, along with relatively manageable risks.

Flux

Mudrex

Market Statistics

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.

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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.

 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.

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.