![]() It also offers a means of payment for transaction fees and other services such as contract deployment. The FLUX token serves as a tool for the platform's governance, with token holders having the ability to vote on development proposals, providing them with a say in the future direction of the platform. This feature gives users a voice in the growth and development of the platform, which can help to create a more engaged and invested community. Moreover, the platform has a governance model that allows users to vote on protocol upgrades and changes. As a result, this can attract more developers to create decentralized applications on the Flux network. One benefit of Flux is its user-friendly interface for developers, making it easier to build on the platform. The platform offers faster transaction speeds and lower fees compared to other blockchain platforms. The official Flux wallet for storing FLUX tokens is Zelcore.Flux is a decentralized platform that enables developers to create dApps and smart contracts on top of a peer-to-peer network more Flux is a decentralized platform that enables developers to create dApps and smart contracts on top of a peer-to-peer network. Read more: Flux Ecosystem: Scalable Decentralized Cloud Service How to Store FLUX Who Is the Founder of Flux?įlux was co-founded by Parker Honeyman (COO), Tadeáš Kmenta (CTO) and Daniel Keller (President). You can only acquire FLUX by mining it, running a node or buying from the open market. Block rewards on Flux are designed to be halved every two and a half years. ![]() Stake as collateral to operate a FluxNode, and secure the Flux networkĬreate Flux parallel assets (Flux tokens interchangeable with other chains)Īdd liquidity to DeFi platforms such as Uniswap and PancakeSwapįLUX has a total supply and max supply capped at 440,000,000 tokens. What Is FLUX Used For?įLUX is the native cryptocurrency for the Flux ecosystem. FLUX wasn’t spared the market slump caused by the Terra LUNA crash, dumping hard from $1.22 on May 8 to a low of $0.61 on May 18, 2022.Īfter a slight pump back above $1 in September 2022, FLUX retreated to the $0.40–$0.60 support level, where it’s remained since then. Thereafter, the price began a gradual decline. In the mini-bull run of late 2021, FLUX experienced one of its biggest price pumps, rising from $0.37 on October 1 and breaking through $1 in November to hit a high of $2.76.Īfter a slight price correction in December 2021, Flux’s bullish momentum continued, with news of its listing on Binance driving the token to its ATH of $3.33 on January 3, 2022. ![]() However, things began to pick up in April 2021 as FLUX's price increased gradually. From 2019 to early 2021, there was barely any movement on FLUX’s price chart. The price then corrected in May, finding support around $0.08, where it remained for many months. FLUX PriceĪfter entering the market at $0.03 in August 2018, FLUX remained largely below $0.07 until April 2019, when a short spike sent it up to $0.218. Initially known as ZelCash, which was a fork of Bitcoin through ZCash, the project rebranded into Flux in March 2021 and the token ticker changed from ZEL to FLUX. Flux aims to make life easy for developers by providing them with a simple, decentralized infrastructure running on FluxOS, a second-layer API-backed computational network that operates in an efficient, optimal and safe manner. With Flux, users can deploy DApps, become node operators, stake FLUX, access decentralized file storage, and mine FLUX and Flux parallel assets across chains using GPU hardware. PoUW utilizes the energy expended in securing the blockchain to concurrently solve real-world problems. The Flux blockchain operates on a sustainable proof of work (PoW) consensus mechanism known as proof of useful work (PoUW) to solve real-world problems with an ASIC-resistant hashing algorithm. As a gateway to web3, Flux provides DApp builders with an enterprise-grade node infrastructure, the FluxOS cloud computing system, a self-custody multi-asset wallet, and a blockchain app suite for multi-chain parallel access to DeFi. FLUX is the native cryptocurrency powering the Flux ecosystem, a BaaS (blockchain-as-a-service) solutions provider consisting of a scalable decentralized cloud infrastructure network.
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