Fluence operates as the initial decentralized “Cloudless” computing system, offering an open substitute for major internet cloud monopolies. The service is both verifiable and resilient, with costs up to 80% lower than those of traditional cloud providers. By gathering surplus compute power from leading data centers globally, Fluence creates a persistent DePIN network capable of supporting diverse applications. Its open structure enables users to switch providers effortlessly, which helps maintain high service quality and low prices.

Established in 2017, Fluence brought its mainnet online in 2024. A Swiss Association structured as a DAO oversees its governance.

FLT serves as the native utility and governance token for the platform, fulfilling several key roles:

• Compute providers must stake FLT for every CPU they add to ensure the network remains reliable
• It is used to compensate compute providers
• Holders can vote on DAO governance matters, such as protocol upgrades and how the treasury is managed

The FLT token debuted in February 2024 with a genesis supply of 1 billion tokens. During the first month, the liquidity bootstrap pool is limited to 5% of the supply. Another 5%, allocated to the developer reward pool, becomes available two months after claims open, starting on April 27th. Compute providers generate tokens by supplying network capacity, a process that requires them to stake FLT. From February 2025 through February 2026, roughly 45% of the tokens held by the team and investors are scheduled to unlock on a daily basis.

The founders of Fluence are Evgeny Ponomarev, Dmitry Kurinskiy, and Tom Trowbridge. With more than 15 years of experience in software engineering and blockchain, Evgeny and Dmitry are established entrepreneurs and developers. Tom Trowbridge previously served as the president of Hedera Hashgraph (HBAR) from its beginning, having also helped establish the project.

As of March 2024, FLT can be purchased on two exchanges.

Fluence (FLT) operates as a decentralized serverless computing marketplace and platform driven by blockchain economics. It presents a secure, scalable, permissionless, and global substitute for traditional centralized cloud services. By combining Web2 and Web3 data management and storage solutions, Fluence equips developers with the necessary tools to rapidly construct and operate decentralized infrastructure networks.

Established in 2017, the project released its mainnet in 2024 and is overseen by a DAO structured as a Swiss Association. The system aggregates unused compute power from leading data centers across the globe to form a persistent DePIN network, which supports diverse applications. This open framework enables users to change providers with ease, fostering competitive costs and high-quality service.

The FLT token functions as the native utility and governance asset for the ecosystem. Compute providers stake these tokens to ensure network dependability, receive rewards, and participate in DAO voting on matters such as treasury administration and protocol updates. The token was introduced in February 2024 with a starting supply of 1 billion, allocated through mechanisms including a developer reward pool and a liquidity bootstrap pool.

Beyond its computational focus, Fluence aims to foster a sustainable future by offering energy storage services and products, while also advancing the safety and awareness of psychedelic therapies. A robust and engaged community backs this broad mission.

Fluence functions as a decentralized, serverless computing marketplace that provides an alternative to standard centralized cloud services. It utilizes blockchain technology to build a global network that is permissionless, scalable, and secure, ensuring the infrastructure is both resilient and verifiable for various applications.

The underlying blockchain integrates Web2 and Web3 data storage and management systems. This design allows Fluence to combine the efficiency of modern web technologies with the security and decentralization of blockchain. By aggregating unused compute power from leading data centers around the world, it creates a reliable, always-on network that is cost-effective.

To maintain security, compute providers are required to stake FLT tokens for every CPU they add. This staking acts as a guarantee of reliability, incentivizing honest participation and discouraging malicious activity, since bad actors risk losing their staked tokens. Governance is handled by a decentralized autonomous organization (DAO) structured as a Swiss Association, enabling community-led decisions on protocol upgrades and treasury management to ensure transparency.

FLT serves as the native utility and governance token. It is used to reward providers who contribute capacity and to facilitate voting within the DAO. The tokenomics aim to balance the ecosystem, where providers earn FLT through their contributions and must stake them to verify service reliability.

Because it relies on a distributed network rather than centralized facilities, Fluence scales organically as more providers join. This supports diverse uses, from basic web hosting to complex computations. Economically, the platform claims to be up to 80% cheaper than traditional cloud providers by utilizing excess capacity and fostering competition among providers, which helps keep prices low and quality high.

Evgeny Ponomarev, Dmitry Kurinskiy, and Tom Trowbridge founded Fluence in 2017, drawing on experience from projects such as Hedera Hashgraph (HBAR). The mainnet launched in 2024. The FLT token was introduced in February 2024 with a genesis supply of 1 billion tokens. Initial distribution features a liquidity bootstrap pool and a developer reward pool, while additional tokens are generated for providers via staking, aiming to keep the network decentralized and reward early participants.

Fluence (FLT) operates as a decentralized "Cloudless" computing platform, delivering various real-world uses by pooling surplus compute power from leading global data centers. This setup offers an open substitute for conventional cloud services, supporting backends, APIs, and other digital tools.

Key applications include:

• Application Development: Developers can build resilient, verifiable backends and APIs on the network, lessening reliance on centralized cloud providers.
• Data Management: The platform handles caching, indexing, processing, and querying efficiently, often at a lower cost than traditional clouds.
• Serverless Computing: It enables deployment without managing server infrastructure, ensuring availability and scalability through its decentralized design.
• Blockchain Cost Optimization: By supplying verifiable compute resources, it helps lower gas costs for smart contract execution and frequent blockchain interactions.
• Cross-Border Payments: Decentralized resources allow for faster, cheaper, and more secure international fund transfers compared to standard methods.

Adoption includes over 1,000 developers and 3,000 builders. Entities such as Genesys and Infura have employed Fluence for their computing requirements, demonstrating its practical utility.

Fluence, a decentralized "Cloudless" computing platform founded in 2017 by Evgeny Ponomarev, Dmitry Kurinskiy, and Tom Trowbridge, seeks to offer an open alternative to traditional cloud monopolies. The network aggregates excess compute capacity from top-tier data centers into a global, always-on system for various applications.

A major milestone occurred in 2024 with the launch of Fluence’s mainnet and its native utility and governance token, FLT. The initial supply of FLT was capped at 1 billion tokens, with specific portions allocated to liquidity and developer reward pools. This token facilitates staking for compute providers, distributes rewards, and enables voting within the DAO governance structure.

To strengthen its ecosystem, Fluence has formed strategic partnerships with entities such as Genesys and Infura, aiming to expand its reach and enhance capabilities in the decentralized computing sector. The project has also engaged the developer community through participation in various hackathons and events.

The introduction of the FLT staking program serves as another key event, incentivizing compute providers to supply capacity. This mechanism supports network reliability and allows stakeholders to vote on protocol upgrades and treasury management. Financial backing from notable investors has helped accelerate development, while the involvement of experienced founders like Tom Trowbridge, who co-founded Hedera Hashgraph (HBAR), adds credibility.

Designed as a resilient and verifiable decentralized serverless platform, Fluence offers a cost-effective alternative to centralized services by allowing users to switch providers easily. Governance is handled by a DAO structured as a Swiss Association, ensuring community input on the platform's direction. Key developments include the mainnet launch, strategic alliances, the FLT token introduction, and the staking program, all reflecting Fluence’s goal of democratizing access to computing resources.

The individuals who established Fluence (FLT) are Evgeny Ponomarev, Dmitry Kurinskiy, and Tom Trowbridge. This project functions as a decentralized "Cloudless" computing system, providing an open substitute for conventional cloud infrastructure. Evgeny and Dmitry contribute more than 15 years of expertise in software engineering and blockchain technology. Tom Trowbridge is recognized for his prior role as co-founder and former president of Hedera Hashgraph (HBAR). Together, their skills have helped develop Fluence into a verifiable and resilient platform that pools surplus compute power from leading data centers around the world.