Flux FLUX

Flux is the cryptocurrency that powers the Flux ecosystem. It has a number of uses including purchasing resources, collateralizing nodes and fuelling transactions on FluxOS, as well as rewarding both miners and FluxNode operators for providing computational resources.

The Flux ecosystem is devoted to empowering everyone to develop, deploy and use the decentralized Internet of the future: Web3.

At this moment the Flux ecosystem consists of: a native, minable POW cryptocurrency ($FLUX), a powerful decentralized computational Flux Network (FluxNodes), a Linux based operating system (FluxOS), the premier digital asset platform (Zelcore), FluxEdge (decentralized GPU renting platform) and, finally, the Flux blockchain for on-chain governance, economics and parallel assets to provide interoperability with other blockchains and DeFi access.

Currently (2024/9) Flux has a computational network consisting of around 13,500 decentralized nodes, distributed globally with more than 107,000 CPU cores, 270 terabytes of RAM and over 7 petabytes of storage. That makes FluxCloud the largest decentralized network in the world!

Decentralization is essential for FluxCloud. There are many projects calling themselves “Web3” but they use centralized infrastructure, that means they are not decentralized and applications running on them are prone to being impacted by ‘single point of failure’ as centralized data centers experience downtime, which is constantly happening in centralized clouds. Flux is the first truly decentralized Web3 infrastructure, with no single point of failure and 100% uptime.

Flux has been advancing Proof of Useful Work (PoUW) through its FluxEdge platform, with the potential to revolutionize both the crypto and traditional industries. FluxEdge is one of Flux’s most ambitious projects, aiming to transform the way Proof of Work (PoW) blockchains operate while addressing the sustainability concerns often highlighted by critics.

Rather than solving arbitrary problems like traditional PoW systems, Flux is leveraging the massive computational power of its GPU miners to tackle real-world challenges. These range from video encoding and weather prediction to supporting machine learning research and scaling AI solutions.

Discover more about FluxEdge, now available to the public, at https://fluxedge.ai.

Parallel assets can be likened to token bridges that allow assets to be ported from one blockchain to another. Parallel assets can be integrated with different applications, including those of decentralized finance on the Flux computational network, thus, removing the risks of those applications being limited to the Flux network. This way, development teams working on projects using Flux can maintain the uniqueness of their blockchains while still being able to access all the infrastructure they need in the Flux ecosystem. The Flux operating system (FluxOS) takes the interoperability provided by parallel assets further by enabling developers to run any application on any blockchain, thanks to the software’s cross-compatibility. Another advantage that comes with Flux parallel assets is the creation of new opportunities for arbitrage trading. Flux traders can spot differences in the price of flux parallel assets across different DEXs and quickly take advantage of them by swapping native Flux for that parallel asset. This can happen in only a few seconds by using ‘Fusion’ built into the Flux wallet Zelcore: https://zelcore.io/.

In April 2021, Flux launched its first parallel asset, Flux-Kadena, marking a significant milestone. This was soon followed by Flux-ETH and Flux-BSC, expanding onto Ethereum and Binance Smart Chain. By Q3 of 2021, Flux-Sol and Flux-Tron were distributed to native Flux holders, further diversifying the ecosystem. Flux-Avax and Flux-Ergo were introduced in 2023, continuing the expansion. Most recently, Flux-Polygon and Flux-Base were distributed to the community through the Zelcore wallet. Looking ahead, the Flux team is preparing to launch the highly anticipated Flux-BTC parallel asset.

There will only ever be 440 million FLUX. The 440 million can reside on any of the parallel asset chains or on the native Flux chain as they are able to move between chains, so while the circulating supply will be distributed across many chains, the maximum supply will always be 440 million. Current (2024/9) circulating supply is 372,463,109 FLUX; 114,940,000 FLUX of which is locked in Flux nodes.

Flux has been GPU mined since day one; no ICO/IEO/Pre-sale was held.

FLUX Token Allocations:
94.7% is owned by users
2,9% Flux Foundation
1,7% Exchange Listing/Liquidity
0,7% Flux Team

The block reward is divided by 50% POW and 50% to FluxNode operators. A mining block currently carries a reward of 37.5 Flux. For each block 37.5 Flux are also distributed to node operators in a deterministic round robin system with the reward being split between three node tiers. As more nodes join a tier the time between rewards grows as the ‘queue’ in the round robin system grows longer. This ensures a fair, transparent and predictable reward distribution to FluxNode operators. Both miners and node operators earn additional rewards through parallel mining which is the distribution of Flux parallel assets, this essentially doubles the block rewards, and it's called parallel mining.

Flux nodes are decentralized nodes run by users all over the world. Flux node operators have the option to choose setting up their node on their own hardware or they can use a VPS. Also we have several community node providers such as Hostnodes or GoldieTech nodes that run home-hosted nodes for anyone on their hardware. With currently almost 13,500 nodes Flux is the biggest decentralized network in the world.

Flux together with partners Lumen Technologies and OVHcloud is working to bridge the gap between legacy infrastructure and Web3. Flux will be able to deliver a truly unique Web3 experience, backed with infrastructure ranging from edge computing enabled Nvidia Jetsons running in people’s homes to Enterprise level Lumen infrastructure utilizing adaptive networking and connected security solutions. The Titan program enables anyone to participate in deploying Enterprise-level infrastructure for the Flux network. It provides everyone with an easy way to support Web3 and doesn’t require any technical knowledge.

Flux has three co-founders. Daniel Keller from the USA is a Co-Founder and Chief Strategy Officer of Flux. This technologically astute leader brings 25+ years of broad experience in technology infrastructure, operations and large scale project leadership, and the ability to bridge effective communication across all organizations. Tadeas Kmenta is the second Co-Founder, who has been developing the project since its inception and is currently working at the position of Chief Innovations Officer focusing on new and emerging technology developed on Flux and FluxOS. The third Co-Founder of Flux is Parker Honeyman, Chief Operations Officer, engineer who brings technical know-how and proven development processes to the project.

FLUX is available on a variety of cryptocurrency exchanges depending on your region. For the latest list of exchanges and trading pairs for FLUX, click on our Flux market pairs tab.

Flux is available on many top exchanges, such as: Binance, BinanceUS, Crypto.com, Gate.io, KuCoin, and more.

To check FLUX price live in the fiat currency of your choice, you can use CoinMarketCap’s converter feature directly on the Flux price page. Alternatively, use the dedicated exchange rate converter page. Popular Flux price pairs include: FLUX/USD and FLUX/EUR.

Flux has 3 tiers of nodes

1. Cumulus: Requires 1000 $FLUX
2. Nimbus: Requires 12,500 $FLUX
3. Stratus: Requires 40,000 $FLUX

This collateral isn’t locked and belongs to users. Flux node operators are able to delete their node and sell collateral whenever they want. Current rewards for running a node can be seen on the FLUX dashboard – www.home.runonflux.com.

Flux also offers the Titan on-chain staking. The Titan nodes are powerful Stratus tier Flux nodes operated by experienced Flux node operators. The Titan nodes leverage Lumen Technologies infrastructure to create attractive and powerful hosting solutions for Enterprise clients. To keep things decentralized, community providers have stepped up and stood up servers for Titan as well. To participate, all you need is to have 50 Flux in the official Zelcore wallet for the minimum Titan collateral. Via Zelcore, you will be able to lock your Flux in a 3, 6, or 12-month stake and participate in a shared Titan node on the FluxOS marketplace. After this time, you will have your collateral unlocked along with your staking rewards. You also have the option to auto-renew your stake, the Titan nodes will then auto-compound your original stake and rewards.

Get started at: https://titan.runonflux.io/.

Want to run a Flux node? Visit https://runonflux.com/nodes for more information.