Flux project overview
Last updated: 18 Jul 2022
Flux overview
Flux are building a next generation Web3 decentralized cloud that allows any dockerized application to run on its network.
Flux has over 12,270 nodes in its network, run by node operators who lock up Flux in order to run nodes that range from home operated Raspberry Pis to powerful servers run in professional datacenters.
The Flux Network is powered by FluxOS, a second layer operating system that ensures the efficient operation of any given node and the network as a whole.
Dockerized apps are spread across the Flux Network and monitored to ensure a certain number of instances are running at any given time, ensuring app availability.
Flux has loads of apps running on their cloud including blockchain nodes, dapps, websites and a whole lot more. Check out their website for more details.
All of the above is powered by the Flux blockchain: a PoW blockchain used for rewarding miners and node operators, paying for compute resources and more.
Flux is also in the process of distributing parallel assets on multiple blockchains. To date Flux tokens have launched on the Kadena, Ethereum, Binance, Tron and Solana chains.
These parallel assets are exchangeable on numerous DeFi platforms (UniSwap, PancakeSwap, etc.) and via the Fusion app built into Zelcore which allows for seamless swapping of Flux between chains.
Ultimately Flux will exist on at least ten other chains, with parallel assets being distributed to Flux holders, and to miners / node operators via parallel mining.
Flux Network
The above is the total computational power of the Flux Network and the sum of the compute power of all Flux nodes, each of which is independently owned and operated by members of the Flux community.
There are three tiers of node available; at each tier the compute requirements increase along with the amount of Flux that has to be locked up in order to run the node. Node operators receive a share of each block find as compensation for providing their compute power.
Income options
There are three main income options for Flux: block find rewards for miners and node operators, and staking via approved exchanges.
Mining
Flux uses a GPU mineable version of ZelHash algorithm (Equihash 125,4) for mining with ASIC/FPGA resistance. Block finds occur every 2 minutes, with miners splitting the rewards with node operators.
Nodes
Flux node operators are rewarded with a share of each block reward for providing compute power to the Flux Network. Note that node ops receive 0.1 of each FLUX parallel asset for every FLUX earned. Launched assets are claimable immediately, unlaunched ones will be claimable on launch and backdated to the latest of node start date or 27th March 2021.
Staking
Flux also offer a staking program via approved exchanges (currently only CoinMetro) that allows smaller holders, or those unwilling to run their own node, a means of earning income from their Flux.
Any staked Flux is pooled by CoinMetro and used to spin up Stratus nodes, the rewards from these nodes are then distributed amongst those staking their Flux.
Tokenomics
Distribution
Flux has been fairly distributed via PoW mining and node operator reward distribution since its inception in 2017. Flux created a small foundation fund in 2018 to fund on-going development and exchange listings.
Circulating supply
The circulating supply of FLUX is distributed as follows:
Exchanges
You can buy FLUX on these exchanges:
- Coinmetro: FLUX/USD | FLUX/EUR
- Binance: FLUX/USDT
- Kucoin: FLUX/USDT
- Bittrex: FLUX/USDT
- CoinEx: FLUX/USDT | FLUX/BTC
- Hotbit: FLUX/USDT | FLUX/ETH | FLUX/BTC
- Gate.io: FLUX/USDT | FLUX/ETH
- PancakeSwap: FLUX pools
- UniSwap: FLUX/USDT
- 1inch: FLUX pools
- Kaddex: FLUX/KDA
- Citex: FLUX/BTC
- STEX: FLUX/ETH | FLUX/BTC
- Bitrue: FLUX/USDT
- SafeTrade: FLUX/BTC
- TradeOgre: FLUX/BTC
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