What is FLUX Coin?

Flux (FLUX) is a cryptocurrency and a decentralized ecosystem with great potential, aimed at providing infrastructure for Web 3.0. Rather than just being a digital currency, Flux functions as a decentralized cloud computing platform, allowing developers to deploy, manage, and operate applications (dApps) on a globally distributed server network. This provides numerous benefits in terms of scalability, security, and censorship resistance compared to traditional centralized solutions. With the goal of building a truly decentralized internet, Flux is gradually asserting its position in the blockchain and Web 3.0 space.

FLUX is the utility token of the Flux Blockchain, used for purposes such as:

  • Governance: FLUX holders can participate in protocol governance through Flux DAO.

  • Payments: FLUX can be used to pay for services on the Flux platform.

  • Staking: Users can stake FLUX to earn rewards.

Flux ecosystem

The Flux ecosystem includes products such as:

  • FluxNodes: These are decentralized computing network nodes that provide dedicated computing power. When you participate in the Flux network by running a FluxNode, you contribute to maintaining the network and earn FLUX rewards.

  • FluxOS: An operating system specifically designed for FluxNodes, optimizing performance and security.

  • Flux Marketplace: Where users can find and use dApps built on Flux.

  • Flux Core: A cryptocurrency wallet and toolkit that allows users to interact with the Flux network.

  • FluxEdge: This is a decentralized computing marketplace that connects users needing computing power for tasks like Artificial Intelligence (AI), Machine Learning (ML), and rendering with hardware providers that have untapped resources. This platform allows access to high-performance computing resources at reasonable costs while ensuring fairness and efficiency for both users and providers.

  • FluxCloud: This is a decentralized cloud computing platform that allows anyone to build and operate decentralized applications. FluxCloud offers greater flexibility, scalability, and censorship resistance compared to traditional cloud providers. It is also much cheaper than traditional cloud providers.

Additionally, there are other products such as: FluxAI, Flux Asset, Flux Mining, Dapp, etc...

Use cases of Flux

Flux has several potential use cases, including:

  • Building decentralized applications

  • Decentralized data storage

  • Decentralized computing

  • Decentralized video games

  • Decentralized financial applications

Who created FLUX Coin?

Flux Coin was created by three co-founders: Daniel Keller, Tadeas Kmenta, and Parker Honeyman. With over 25 years of experience in the technology industry, Daniel Keller laid a solid foundation for the project. Tadeas Kmenta, a technology enthusiast, continually explores and develops new applications on the Flux and FluxOS platforms. Parker Honeyman, as the CEO, has turned creative ideas into reality with his extensive technical skills and project management experience.

Basic information about Flux

  • Name: Flux

  • Trading Name: FLUX

  • Type: Coin, Utility token

  • Platform: Flux, ERC-20, BEP-20

  • ERC-20 Contract: 0x720cd16b011b987da3518fbf38c3071d4f0d1495

  • BEP-20 Contract: 0xaff9084f2374585879e8b434c399e29e80cce635

  • Total supply: 440,000,000 FLUX

FLUX Token Allocation:

  • Flux team: 0.7%

  • Platform: 2.9%

  • Exchange listing/Liquidity: 1.7%

  • Mining/node rewards: 94.7%

The pros and cons of Flux

Advantages:

  • Decentralization: Flux leverages blockchain technology to provide a decentralized platform, enhancing security and censorship resistance.

  • Scalability: Flux is designed to have high scalability, allowing applications running on the platform to process large amounts of data and users.

  • Cross-chain compatibility: Flux supports interaction with various blockchains, making it easier for applications to integrate with other blockchain ecosystems.

Disadvantages:

  • Complexity: Blockchain technology and decentralized cloud computing are still quite new and complex, which can create difficulties for users and developers.

  • Performance: The performance of applications on the decentralized platform may be affected by the processing speed of the blockchain network.

  • Stability: Due to its decentralized nature, managing and maintaining the stability of the Flux network can be challenging.

Where to buy and sell FLUX Coin? Transactions

Currently, you can buy and sell FLUX Coin on the Binance.com. This is a reputable, safe, secure exchange, and is currently the top exchange in the world.

Here is how to buy and sell FLUX on this exchange:

1. Create a Binance account

  • You visit the Binance website (https://www.binance.com/vi) and register an account. Then proceed to fully verify your identity (KYC) to be able to trade.

2. Deposit money into your account

  • Proceed to deposit USDT or BTC into your Binance account. (Or you can also buy and sell USDT with Vietnamese Dong through P2P on this exchange).

3. Proceed to buy FLUX

  • After having money in your account, search for FLUX by typing 'FLUX' in the search box on the exchange.

  • Select the FLUX trading pair you want to trade. For example: FLUX/USDT (buying and selling FLUX with USDT), FLUX/BTC (buying and selling FLUX with Bitcoin).

4. Place a buy or sell order

  • Proceed to place orders and buy FLUX.

Conclusion

FLUX is an ambitious project aiming to build a robust decentralized Web3 infrastructure that provides cloud computing solutions, storage, and decentralized applications. With its unique architecture, FLUX offers significant potential for the future of the internet.