What is Flux (FLUX) used for?

The FLUX token is used for: * **Transaction Fees:** FLUX is used to pay for computational resources on FluxOS. * **Node Collateralization:** Operators must stake FLUX to run FluxNodes and provide network security. * **Incentives:** Miners and node operators are rewarded in FLUX for contributing resources. * **Governance:** Token holders participate in governance decisions related to network upgrades and economic policies.

Flux

FLUX

#440

$0.08393($0.01)

Key Stats

Market Cap$35.34M

Volume (24h)$2.08M

Fully Diluted Value$36.93M

Vol/Mkt Cap (24h)5.90%

Total Supply420.99M FLUX

Max Supply440.00M FLUX

Circulating Supply420.99M FLUX

Launch Date2021-03-27

Block Number3,011,340

Network H/s36.65B

Flux Information

Websites

runonflux.io Whitepaper

Block Explorers

explorer.runonflux.io

Hashing Algorithms

Equihash 125_4

Industries

Platform

Flux Price Converter

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Instrument	Exchange	Benchmark Data	Price	24h Change
FLUX-USDT FLUXUSDT	binance	AA	0.08400USDT	9.95%
FLUX-USDT FLUX_USDT	whitebit	BB	0.08400USDT	9.80%
FLUX-USDC FLUXUSDC	binance	AA	0.08410USDC	10.22%
FLUX-USD FLUXUSD	kraken	AA	0.08368USD	9.41%
FLUX-USDT FLUX_USDT	gateio	A	0.08385USDT	9.74%

About Flux

Flux (FLUX) is a digital cryptocurrency token that operates on its own native blockchain. The Flux platform is a decentralized computational network that provides infrastructure services like hosting and storage. The FLUX token is primarily used as a medium of exchange within the Flux ecosystem, serving several key functions, including transactions, staking, and rewards.

Frequently Asked Questions

Flux is a decentralized cloud computing platform that provides infrastructure for blockchain-based applications and supports decentralized computing services. The network enables developers to deploy applications across multiple nodes, offering an alternative to centralized cloud providers.

Flux utilizes a Proof-of-Useful-Work (PoUW) consensus mechanism, where FluxNodes contribute computational resources to power applications. The ecosystem consists of:

FluxOS – A Linux-based operating system that manages application deployment and network operations.
FluxNodes – A decentralized network of node operators providing computational power.
Zelcore Wallet – A multi-asset cryptocurrency wallet designed for interacting with Flux services.

The FLUX token is used for:

Transaction Fees: FLUX is used to pay for computational resources on FluxOS.
Node Collateralization: Operators must stake FLUX to run FluxNodes and provide network security.
Incentives: Miners and node operators are rewarded in FLUX for contributing resources.
Governance: Token holders participate in governance decisions related to network upgrades and economic policies.

Flux was co-founded by Parker Honeyman, Tadeáš Kmenta, and Daniel Keller. The project originated from Zel, which later rebranded as Flux. The team focuses on decentralized infrastructure solutions for blockchain-based applications.