Let’s dive in.
What is Flux?
It is a decentralised cloud infrastructure is designed to help users “build decentralised applications with increased flexibility, scalability, and censorship resistance.”Its ecosystem consists of a range of decentralised services and solutions, including:
- FLUX: the ecosystem’s native cryptocurrency.
- Flux Cloud: a suite of decentralised services and solutions.
- FluxOS: Linux-based operating system.
- Flux Marketplace: a permissionless marketplace powered by Flux Cloud.
- Flux blockchain: to provide DeFi access and interoperability with other blockchains.
The network hosts a range of decentralised applications (websites, DeFi, gaming, social media, and more), including the Kadena blockchain.
What is Flux’s goal?
It aims “to speed up the usage of blockchain solutions through creating real-world use cases and the underlying technologies necessary to build these products and platforms.”The team argues that “projects that are currently working on single, large-scale blockchain problems can save time and resources by leveraging the Flux Network. Partnerships will also help bring together the fractured crypto space to create an ecosystem of complementary products that work seamlessly together.”
When did it launch?
The project’s mainnet launched in January 2018. Initially named “Zelcash” or “Zel,” the project was rebranded to Flux in March 2021.View its roadmap.
It is the PoW (Proof of Work) token that powers its ecosystem. It is used for transaction fees, governance, and rewarding miners and operators.
The maximum supply is set at 440M. It is distributed as follows:
- 94.7% to users
- 2.9% to its Foundation
- 1.7% for liquidity
- 0.7% to its team
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