What is Flux Token (FLUX)?

Overview of Flux

Flux (FLUX/USDT) represents a comprehensive suite of blockchain solutions designed to enable seamless information processing through a cohesive working system comparable to traditional cloud infrastructure platforms. The Flux Ecosystem Token operates in synchronization with the FluxOS cloud system, providing a blockchain-compatible self-storage application that bridges the gap between centralized and decentralized computing. As a pioneering Web3 project, Flux is creating the foundational infrastructure for a truly decentralized internet, offering developers and users alike a robust platform for building and deploying decentralized applications.

The Flux ecosystem encompasses multiple interconnected components that work together to deliver a complete decentralized computing solution. These components include FluxOS, FluxNodes, GPU miners, and the ZelCore multi-utility platform, each playing a crucial role in maintaining the network's functionality and security.

Project Ecosystem

The Flux network represents the culmination of various protocols and parties working in harmony within the Flux ecosystem. As a groundbreaking Web3 initiative, Flux is establishing the foundations of a genuinely decentralized internet infrastructure. The ecosystem hosts FluxNodes and miners utilizing novel algorithms that ensure network security and computational efficiency.

FluxOS serves as the computational network operated by FluxNodes and miners, providing developers with an intuitive and accessible development environment. This platform simplifies the process of creating and deploying decentralized applications, making blockchain technology more approachable for developers of varying skill levels.

A key feature of the ecosystem is ZelCore, the Flux network wallet and multi-utility platform. ZelCore acts as a gateway to the Flux ecosystem, enabling users to manage their digital assets, interact with decentralized applications, and access various blockchain services through a single, unified interface.

FluxOS

At the core of the Flux network lies FluxOS – a distributed, chain-agnostic computational system specifically designed for developers to deploy decentralized applications (dApps). As a fully open-source protocol, FluxOS provides developers with the assurance that their applications will remain live and operational continuously, regardless of external factors or network disruptions.

The reliability of FluxOS stems from its unique architecture. A global network of FluxNodes, each maintaining a replica of deployed applications, powers the network and ensures application availability. This redundancy means that if one or multiple nodes experience downtime for any reason, the activity and operations of dApps remain completely unaffected, ensuring seamless user experiences.

FluxOS achieves true interoperability across multiple blockchain networks, empowering developers to "run any app on any chain on FluxOS". This cross-chain compatibility eliminates the barriers traditionally associated with blockchain development and deployment. Furthermore, by utilizing "dockerization" for application deployment, developers can work with familiar tools and programming languages without needing to learn blockchain-specific syntax or frameworks.

The dockerization approach also enables developers to seamlessly transition existing centralized applications onto the decentralized Web3 internet. This feature significantly lowers the barrier to entry for traditional developers looking to explore blockchain technology. Using FluxOS, developers can design, deploy, and manage globally decentralized applications through an intuitive API (application programming interface) and UI (user interface). FluxOS handles all backend blockchain requirements, allowing developers to concentrate on creating user-centric frontend experiences.

Operating with infrastructure built on the MEVN stack (MongoDB, Express.js, VueJS, Node.js), FluxOS leverages the latest open-source JavaScript software stack. This modern technology foundation enables FluxOS to support a wide array of use cases. These include blockchain as a service (BaaS) offerings such as hosting applications or nodes, oracle deployment for aggregating decentralized data sets, and the creation of blockchain games and web servers with minimal friction.

The FluxOS platform provides network participants with comprehensive opportunities to interact with global applications, participate in governance through the Flux network decentralized autonomous organization (DAO), and monitor resources and rewards in real-time.

FluxNodes

FluxNodes serve as the backbone of the FluxOS network, responsible for its upkeep, maintenance, and operational integrity. As an open-source project, Flux welcomes anyone to participate by running a FluxNode, democratizing network participation and ensuring decentralization. However, operating a FluxNode requires quality enterprise-grade hardware and maintains high uptime obligations to ensure network reliability.

To incentivize network security and commitment, FluxNode operators must meet specific collateral requirements. These requirements vary depending on the tier of node one wishes to operate, creating a structured system that balances accessibility with network security. This approach generates a global network of dedicated Flux enthusiasts who provide computational resources using innovative security mechanisms.

All three tiers of FluxNodes operate using Flux's proprietary proof-of-work (PoW) hashing algorithm called "FluxHash" (also known as "ZELHASH Equihash 125_4"). FluxHash represents a sophisticated blend of Equihash algorithms, incorporating elements from various sources to create an application-specific integrated circuit (ASIC)-resistant mechanism. This ASIC resistance makes Flux particularly appealing to graphics processing unit (GPU) miners, fostering a more equitable mining ecosystem with enhanced decentralization.

FLUX asset holders can choose from three distinct types of FluxNodes, each offering different requirements and FLUX token rewards:

Cumulus Nodes represent the entry-level tier, requiring 10,000 FLUX as collateral along with minimum hardware specifications of 2 vCore, 4 GB RAM, and 50 GB HDD/SSD. In return for their contribution, Cumulus FluxNodes receive 7.5% (or 5.625 FLUX) of the total block rewards. This tier makes network participation accessible to a broader range of participants.

Nimbus Nodes require higher collateral and more robust hardware specifications but offer increased block rewards of 12.5% (or 9.375 FLUX tokens). This intermediate tier provides a balance between investment requirements and reward potential.

Stratus Nodes represent the highest tier, demanding significant commitment with a minimum collateral of 100,000 FLUX tokens and hardware requirements of at least 8 vCore and 32 GB RAM. In recognition of this substantial investment, Stratus FluxNodes receive 30% of the block rewards, equivalent to 22.5 FLUX tokens per block.

GPU Miners

GPU miners play a crucial role in the Flux ecosystem, receiving the remaining 50% of block rewards (37.5 FLUX tokens per block). These miners are responsible for processing and validating transactions throughout the Flux network, providing essential computational resources that maintain network security and functionality.

Flux miners enjoy flexibility in their participation, with the ability to choose from various mining pools. These options include native Flux blockchain community pools as well as mining pools created by supportive third-party teams. Each mining pool implements different parameters and restrictions, which may vary based on factors such as the type of FluxNode (Cumulus, Nimbus, or Stratus) and geographic location considerations.

The diverse pool options ensure that miners can select environments that best suit their hardware capabilities and preferences. Available mining pools include the Flux Community Pool, Solo Pool, Zergpool, NLPool, and others, each offering unique features and community support.

ZelCore

ZelCore stands as one of the most fundamental and actively used decentralized applications operating on FluxOS. As a multi-utility, blockchain-agnostic platform and cryptocurrency wallet, ZelCore enables users to securely store and manage more than 380 different cryptocurrency assets. This extensive asset support makes ZelCore one of the most versatile wallet solutions in the blockchain space.

As a free-to-use platform, ZelCore provides users with access to various built-in "quick-swap exchanges", facilitating seamless asset exchanges without leaving the application. Users can also purchase cryptocurrency using regular debit cards, bridging traditional finance with the crypto ecosystem. As the Flux network's designated multi-asset portfolio management platform, ZelCore implements a decentralized two-factor authentication process called "d2FA", enhancing security while maintaining user control.

FLUX token holders can access premium features through ZelCore+, a tiered monthly subscription service. ZelCore+ offers exclusive features including advanced portfolio tracking tools, additional wallet addresses for each supported asset, and API integrations with major mainstream exchanges. These integrations allow users to access and trade on multiple platforms through the unified ZelCore+ interface, streamlining the trading experience.

Additionally, ZelCore+ features a curated aggregation feed of relevant industry news and project updates, keeping users informed about market developments. Users can sync their exchange accounts and import private keys to ZelCore lite wallets, providing comprehensive control over their digital assets.

The ZelCore platform serves as a gateway to multiple useful applications, including the popular Fusion app. The Fusion app enables seamless transitions of native FLUX coins and parallel FLUX tokens between the Flux blockchain and other popular blockchain networks. This cross-chain functionality eliminates friction in asset movement and enhances liquidity. Furthermore, the Fusion app facilitates airdrops of FLUX tokens for the distribution of parallel assets and FluxNode rewards.

ZelCore is available as a decentralized application across both mobile and desktop platforms, ensuring accessibility for all users. The application supports iOS, macOS, Android, Linux, and Windows devices, providing a consistent user experience across all platforms.

Flux Network – XDAO

True decentralization of the Flux network and the broader vision of a decentralized internet is achieved through community governance. The Flux governance system, known as XDAO (decentralized autonomous organization), places decision-making power in the hands of token holders. To participate in XDAO governance, members must hold a specified amount of FLUX tokens, ensuring that decision-makers have a vested interest in the network's success.

The XDAO platform provides transparency by allowing users to view all open, passed, and rejected update proposals for the Flux network. Comprehensive information including submission dates, voting periods, required vote thresholds, and detailed breakdowns of voting results is publicly accessible. This transparency ensures accountability and enables community members to make informed decisions about the network's future direction.

Who Created Flux?

The creation of Flux is attributed to three visionary founders, each bringing unique expertise to the project. Daniel Keller from the USA serves as Co-Founder and Chief Strategy Officer of Flux. With over 25 years of extensive experience in technology infrastructure, operations, and large-scale project leadership, Keller provides strategic direction and facilitates effective communication across all organizational levels.

Tadeas Kmenta, the second Co-Founder, has been instrumental in developing the project since its inception. Currently serving as Chief Innovations Officer, Kmenta focuses on researching and implementing new and emerging technologies developed on Flux and FluxOS, ensuring the platform remains at the cutting edge of blockchain innovation.

Parker Honeyman, the third Co-Founder, holds the position of Chief Operations Officer. As an experienced engineer, Honeyman brings technical expertise and proven development processes to the project, ensuring efficient operations and high-quality technical implementation.

Tokenomics of Flux Token (FLUX)

The FLUX token serves as the native utility token of the Flux ecosystem, facilitating various functions within the network. Understanding the tokenomics provides insight into the token's role and value proposition:

Token Specifications:

• Name: FLUX Token
• Ticker: FLUX
• Token Standard: ERC-20
• Token Type: Utility
• Maximum Supply: 440,000,000 FLUX

The FLUX token operates with a fixed maximum supply of 440 million tokens, ensuring scarcity and potential value appreciation over time. As an ERC-20 token, FLUX maintains compatibility with the broader Ethereum ecosystem while also functioning natively on the Flux blockchain.

The token serves multiple purposes within the ecosystem, including serving as collateral for FluxNode operations, facilitating transactions on FluxOS, enabling governance participation through XDAO, and providing access to premium features on ZelCore+. This multi-utility approach creates sustained demand for the token while incentivizing long-term holding and network participation.

FAQ

What is Flux Token (FLUX) and what does it do?

Flux Token (FLUX) is the native cryptocurrency of the Flux blockchain, used for transaction fees and governance. Built on the ERC-20 standard, FLUX enables users to participate in network decision-making and ecosystem activities.

How can I buy and store Flux Token (FLUX)?

Purchase FLUX on supported platforms and transfer it to a wallet compatible with its network, such as Ethereum or BNB Chain. Hardware wallets or Web3 wallets offer secure storage options.

What is the total supply and tokenomics of FLUX?

FLUX has a total supply of 406,751,273.499 tokens with a maximum supply of 440,000,000. The tokenomics structure supports sustainable distribution and long-term project development.

Which blockchain does Flux Token operate on?

Flux Token operates on its own independent blockchain. It was initially forked from ZCash but now runs as a separate, independent blockchain network.

What are the main use cases and benefits of FLUX?

FLUX reduces design costs and accelerates content creation for businesses. It enhances productivity and efficiency across creative projects, delivering measurable ROI through faster workflows and optimized creative processes.

Is Flux Token safe? What are the risks involved?

Flux Token's safety depends on its code security and regulatory compliance. Key risks include potential security vulnerabilities, regulatory changes, and market volatility. Conduct thorough due diligence before participation.