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Flux is the native token for a decentralized computing ecosystem that enables Web3 infrastructure. Co-founded by Daniel Keller, Tadeas Kmenta, and Parker Honeyman, it utilizes proof-of-work mining and node operators to provide computational power. The supply is strictly limited to 440 million FLUX, with no initial coin offering conducted.
Flux serves as the native token for the Flux ecosystem, facilitating activities such as buying resources, securing nodes, and processing transactions on FluxOS. It also provides incentives to miners and FluxNode operators who contribute computational power. The ecosystem’s mission is to enable individuals to build, launch, and utilize Web3, the decentralized Internet of the future.
As of now, the Flux landscape includes:
Currently (2024/9), the Flux computational network comprises approximately 13,500 decentralized nodes spread worldwide. These nodes collectively offer more than 107,000 CPU cores, 270 terabytes of RAM, and over 7 petabytes of storage, positioning FluxCloud as the largest decentralized network globally.
FluxCloud places decentralization at its core. While numerous initiatives label themselves “Web3,” they often rely on centralized infrastructure, meaning they lack true decentralization. Applications built on such systems face risks from ‘single point of failure’ issues, as centralized data centers frequently suffer downtime. Flux distinguishes itself as the first genuinely decentralized Web3 infrastructure, offering 100% uptime and eliminating single points of failure.
Through its FluxEdge platform, Flux is advancing Proof of Useful Work (PoUW), a development with the potential to reshape both crypto and traditional sectors. FluxEdge stands as one of Flux’s most ambitious undertakings, aiming to change how Proof of Work (PoW) blockchains function while tackling sustainability concerns frequently raised by critics.
Instead of resolving arbitrary calculations like conventional PoW networks, Flux utilizes the substantial computational capacity of its GPU miners to address practical, real-world problems. These applications include video encoding, weather forecasting, and aiding machine learning research and the scaling of AI solutions.
Parallel assets function similarly to token bridges, enabling the transfer of assets between different blockchains. By integrating with various applications, such as those in decentralized finance on the Flux computational network, they prevent these applications from being restricted solely to the Flux network. This allows development teams to preserve the distinct nature of their blockchains while accessing the necessary infrastructure within the Flux ecosystem. The Flux operating system (FluxOS) enhances this interoperability through cross-compatibility, permitting developers to run any application on any blockchain. Additionally, parallel assets create arbitrage opportunities; traders can identify price discrepancies for Flux parallel assets across different DEXs and exploit them by swapping native Flux for the parallel asset. Using ‘Fusion’ within the Zelcore wallet, this process can be completed in just a few seconds.
In April 2021, Flux introduced its first parallel asset, Flux-Kadena, representing a major milestone. This was quickly followed by Flux-ETH and Flux-BSC, which expanded presence onto Ethereum and Binance Smart Chain. By Q3 of 2021, Flux-Sol and Flux-Tron were distributed to native Flux holders, adding further diversity to the ecosystem. Flux-Avax and Flux-Ergo were launched in 2023, continuing this growth. Most recently, Flux-Polygon and Flux-Base were distributed to the community via the Zelcore wallet. Looking forward, the Flux team is preparing to release the highly anticipated Flux-BTC parallel asset.
The maximum supply of FLUX is strictly limited to 440 million. These tokens may reside on the native Flux chain or any parallel asset chain, as they are capable of moving between chains. Therefore, while the circulating supply is distributed across many chains, the total supply will always remain 440 million. The current (2024/9) circulating supply is 372,463,109 FLUX, with 114,940,000 FLUX of that amount locked in Flux nodes.
Flux has been GPU mined since day one; no ICO, IEO, or pre-sale was conducted.
FLUX Token Allocations:
The block reward is split 50% to 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 using a deterministic round robin system, with the reward divided among three node tiers. As more nodes join a tier, the time between rewards increases because the ‘queue’ in the round robin system becomes longer. This ensures a fair, transparent, and predictable reward distribution for 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 is referred to as parallel mining.
Users across the globe operate the decentralized nodes of the Flux network. Operators may host these nodes on their personal hardware or utilize a VPS. Additionally, community providers like Hostnodes and GoldieTech offer services to run home-hosted nodes on their own equipment for others. With nearly 13,500 nodes currently active, Flux stands as the largest decentralized network worldwide.
In collaboration with partners Lumen Technologies and OVHcloud, Flux aims to connect traditional infrastructure with Web3. The project plans to provide a distinct Web3 experience supported by infrastructure that spans from edge computing devices, such as Nvidia Jetsons in residential settings, to enterprise-grade Lumen infrastructure featuring adaptive networking and security solutions. The Titan program allows individuals to help deploy enterprise-level infrastructure for the network, offering a straightforward method to support Web3 without needing technical expertise.
Flux features three distinct node levels:
This collateral remains the property of the user and is not locked. Operators can remove their node and liquidate their holdings at any time. You can view present node rewards on the FLUX dashboard.
Additionally, Flux provides Titan on-chain staking. These are robust Stratus-level nodes managed by seasoned operators, utilizing Lumen Technologies infrastructure to deliver strong hosting options for Enterprise customers. To maintain decentralization, community members also contribute servers for Titan. Participation requires a minimum of 50 Flux held in the official Zelcore wallet. Through Zelcore, users can lock their Flux for 3, 6, or 12 months to join a shared Titan node on the FluxOS marketplace. Once the period ends, both the collateral and staking rewards are unlocked. Users may choose to auto-renew, which allows Titan nodes to automatically compound the initial stake plus rewards.
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Flux was established by three co-founders. Daniel Keller, based in the USA, serves as Co-Founder and Chief Strategy Officer. He contributes over 25 years of extensive experience in technology infrastructure, operations, and leading large-scale projects, along with a talent for facilitating clear communication across organizations. Tadeas Kmenta is the second Co-Founder; he has been building the project from the start and currently holds the role of Chief Innovations Officer, where he concentrates on new and emerging technologies built on Flux and FluxOS. The third Co-Founder is Parker Honeyman, the Chief Operations Officer and an engineer who provides technical expertise and established development processes to the initiative.
You can purchase FLUX on numerous cryptocurrency exchanges, though availability varies by region. To see the most current list of trading pairs and platforms, refer to the Flux market pairs tab. Major exchanges listing Flux include Binance, BinanceUS, Crypto.com, Gate.io, and KuCoin, among others. Common trading pairs are FLUX/USD and FLUX/EUR.
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FluxCloud presently supports more than 20,000 DApps, with additional decentralized projects joining regularly. This growth is driven by active collaborations with other blockchain initiatives, companies, and application developers. The project remains independent, open-source, and community-led, a status it aims to maintain indefinitely.
Flux Partners
The partner ecosystem includes the NVIDIA Inception Program, OVHcloud, LUMEN, Suse, Seeed Studio, Ubuntu, Contabo, Hiveon, FIO, eckoDAO, Swapzone, Simple Hold, GSR, Kadena, CoinMetro, Presearch, GetBlock, Rosetta, MyMonero, js13kGames, CoinRequest, Timpi, Scalia, 3DNS, Kiterocket Marketing Agency, CLS Global, and RKE2.
Additionally, Flux is collaborating with the University of Applied Sciences in Geneva, Switzerland, to develop PoUW use cases.
A key factor in the rising number of projects utilizing Flux infrastructure for nodes, DApps, or partial infrastructure deployment is FluxLabs. This incubation and acceleration initiative focuses on early-stage startups within the emerging blockchain and cryptocurrency sectors.
Flux's version of FluxOS Gravity is scheduled for release in late August.
2025-08-31
FLUX is live for trading
2018-01-31