Flux is a cryptocurrency that powers the eponymous Flux ecosystem. It is a native cryptocurrency generated through Proof of Work (PoW) and used for various network applications. These range from purchasing resources, securing nodes to paying for transactions on FluxOS. In addition, Flux rewards miners and operators of Flux nodes for providing computing resources.

Flux was created to allow everyone to develop, deploy, and use the decentralized internet of the future: web3. The Flux ecosystem currently consists of powerful decentralized computing infrastructure (FluxNetwork), a Linux-based operating system (FluxOS), the digital asset platform Zelcore, and finally, the Flux blockchain for on-chain governance, economics, and parallel assets for interoperability with other blockchains and DeFi access.

As of July 2023, the Flux network comprises around 12,000 decentralized nodes distributed worldwide, with over 92,000 CPU cores, 246 terabytes of RAM, and 6.6 petabytes of storage space. This makes Flux the largest decentralized network in the world.

Flux leverages the advantages of blockchain technology to provide a distributed platform for Web3 applications. It is a decentralized infrastructure that allows developers to run their applications on a globally distributed network. This offers several advantages over traditional, centralized cloud platforms.

In the Flux ecosystem, some FluxNodes play a crucial role. FluxNodes are decentralized nodes operated by users from all over the world. These nodes provide computing resources and receive FLUX coins as rewards. FluxNode operators can choose whether to set up their nodes on their own hardware or use a VPS (Virtual Private Server).

The platform currently hosts over 4,000 decentralized applications (dApps), and new projects are constantly being added. Flux promotes this by developing active partnerships with other blockchain projects, companies, and app developers. Flux is and remains an independent, community-driven, and open-source project.

Flux has three co-founders: Daniel Keller, Tadeas Kmenta, and Parker Honeyman. Daniel Keller, who has over 25 years of experience in technology infrastructure, operation, and management of large projects, is the co-founder and Chief Strategy Officer of Flux.

Tadeas Kmenta, who has been involved in developing the project since its inception, currently works as Chief Innovations Officer and focuses on new and emerging technologies being developed on Flux and FluxOS. Parker Honeyman, the third co-founder, and current Chief Operations Officer, brings technical know-how and proven development processes to the project.

The Flux cryptocurrency and its associated ecosystem were developed from the ground up to leverage the benefits of blockchain technology and create a platform for the decentralized internet of the future. Flux is the driving force behind web3, the internet of the future, which is based on a decentralized infrastructure.

Flux is a unique project with several aspects that make it a potentially good investment. One of the most notable aspects is the decentralized nature of the project. Many projects claim to be part of web3 but still use centralized infrastructures. In contrast, Flux is the first truly decentralized web3 infrastructure with no single point of failure and 100% uptime.

Another advantage of Flux is the work on Proof of Useful Work (PoUW). This approach can tremendously impact crypto and traditional industries, potentially change our view of Proof of Work blockchains, and solve the current sustainability issues often negatively viewed by blockchain critics.

Flux wants to utilize its GPU miners enormous computing power to secure the blockchain and get them to solve real problems instead of the random problems used in traditional PoW chains. The real issues that could be used range from encoding videos and predicting the weather to supporting research teams with machine-learning models.

Various aspects of the Flux project could positively impact the price forecast for FLUX. A key element is the robust and growing ecosystem that Flux offers. With over 4,000 DApps already hosted on the Flux network and constantly new decentralized projects being added through active partnerships with other blockchain projects, companies, and app developers, Flux provides a rich environment that could drive future growth and value appreciation.

In addition, Fluxs large number of parallel assets could positively influence the price of FLUX. These parallel assets enable interoperability between different blockchains and open up new opportunities for arbitrage trading. Traders can spot price differences in Flux parallel assets on different DEXs and quickly profit from them by swapping native Flux for the parallel asset.

The ongoing development and innovation within the Flux ecosystem could also be a key factor positively influencing the price forecast for FLUX. Flux is constantly investing in new technologies and projects to enhance its offering and solidify its position as a leading provider of Web3 solutions.

FLUX is the native token of the Flux ecosystem and has the following use cases:

Proof-of-work (PoW) Mining

Users running Flux nodes can mine FLUX tokens by participating in the PoW consensus mechanism to secure the Flux network.

Node Collateral

Users must lock FLUX tokens as collateral when running Flux nodes to mitigate the presence of bad actors.

Native Currency to Pay For Fluxs Services

FLUX tokens can be used to pay for Flux network services, such as hosting applications on the Flux network and cross-chain bridge fees.

Decentralized Governance of Flux Network

Flux node operators who hold locked FLUX tokens can participate in the governance of Flux. Their voting power is based on the number of locked FLUX tokens in their nodes.

Trade or HODL FLUX on BYDFi

Trade Flux coin on BYDFi Spot Market against other cryptos to profit from changing market conditions and volatility. Buy or sell FLUX or hold the token long-term if you believe in the future potential of the Flux project. Ensure you DYOR before making any trading decisions in the crypto market.

FLUX is the native cryptocurrency of the Flux ecosystem and has various uses, including purchasing resources, securing nodes, and fueling transactions on FluxOS. The maximum supply of FLUX is capped at 440 million.

The total supply can exist on any of the parallel asset chains or the native Flux chain, as it can be moved between chains. This keeps the maximum supply at 440 million, regardless of the circulating supply on the different chains.

The token allocation of FLUX is as follows: 94.7% belongs to the users, 2.9% belongs to the Flux Foundation, 1.7% is allocated for exchange listing/liquidity, and 0.7% belongs to the Flux team. The block reward is distributed 50% to POW and 50% to FluxNode operators.

A key aspect of Flux's tokenomics is the staking system. Flux has introduced on-chain staking with Titan Nodes, which offers higher performance. Users only need 50 FLUX in the official Zelcore wallet for the minimum Titan collateral to participate.

Flux offers a unique staking system that allows users to participate in the security and success of the network. The recently introduced Titan Nodes enable users to lock FLUX in a 3, 6, or 12-month stake and participate in a jointly operated Titan Nodes on the FluxOS marketplace. After this period, the collateral is unlocked along with the staking rewards.