Three Layer 1 platforms including Solana, Polkadot and Avalanche are the names that have exploded in the uptrend market in 2021. This trio has pioneered and successfully created a breakthrough in Web 3.0 technology. Therefore, it is very likely that blockchain projects that support Web3 hosting will create the next boom. Among these projects we must mention Flux (FLUX), a platform that is highly appreciated and has strategic partnerships with many big players in the industry. So what is Flux? Does this platform really have the potential as many reviewers do? Let's find out the details of the project and the FLUX token with TraderH4 in the article below!
Let's first get an overview of the project: Featured technology, core products, development roadmap… Then, we'll take a deep dive into the FLUX native token.
Flux is a decentralized Web3 cloud infrastructure consisting of global, scalable, and user-operated distributed compute nodes. The project has combined between cloud computing and Blockchain as-a-service solutions, allowing provision for many applications on many servers at the same time.
The goal of the platform is to put off-chain data on-chain. Thereby, providing data for Index applications, querying, verifying data or providing directly to Dapps to use. Flux is the foundation for Dapp and Web3 to thrive.
Up to now 5 coins/tokens (KDA, ETH, BSC, SOL and TRX) of 5 blockchains have been created, distributed, swapped for Flux holders. According to the plan, two more tokens, AVA and ATOM, will join these 5 blockchains and work in parallel. Flux can take advantage of beneficial features of blockchains such as access to multiple DeFi platforms. Parallel blockchains on Flux will be 1:1 interchangeable with native FLUX through the Fusion app in Zelcore.
The Flux project has created an Oracle design that provides a decentralized infrastructure for users to access data both on-chain and off-chain.
Flux's ecosystem runs on Linux to deliver a network of verified enterprise-class computing power. Besides, Flux is also developed on the blockchain platform, to ensure transparency and efficiency.
There is one big problem with Web3 projects outside of the blockchain space that the infrastructure is still centralized. Most online services are based on resources and data that are still in the hands of technology giants such as Google, Facebook, Amazone, etc. Thus, Web3 cannot fulfill its mission of being the human Internet generation. use.
The combination of blockchain and Web3 has created decentralization and partly solved these problems. However, these fledgling Web3 projects have difficulty with decentralized infrastructure. Some typical Web3 applications such as PancakeSwap, Axie Infinity have a problem that there are very few projects capable of providing decentralized infrastructure for them to launch. And all these problems are completely solvable with Flux's decentralized infrastructure.
So how specifically did Flux solve the infrastructure problems to make Web3 run efficiently? Here are the technologies that Flux used to find the solution to the Web3 problem: FluxNodes, Flux OS, Zelcore Non-custodial Wallet, XDAO, Fusion coin, Infinity Contract.
The decentralized nodes in the Flux blockchain are capable of providing dedicated computing power, generating rewards, and powering the network.
FluxOS is a Layer 2 operating application that allows users to run on Flux's completely decentralized compute network. The presence of FluxOS will ensure that all nodes are operating and communicating normally throughout the network.
Next is the Zelcore Non-custodial Wallet, which is very safe when storing assets and has very good security. In particular, the wallet is already integrated with CEX (centralized) and DEX (decentralized) exchanges for users to easily use XDAO.
Flux governance is conducted by a decentralized community that can submit and vote on future project proposals.
The multi-chain approach and token swapping between different chains in the Flux ecosystem is made simple thanks to an application called Fusion.
Finally, Flux uses Web 3.0 Smart Contracts. In particular, the Dapps in the Flux ecosystem have the same task as Smart Contracts. They are infinitely scalable and can be written in any programming language, integrating with any blockchain.
Phase 1 (completed in 2020)
In phase 1, the Flux project focused on developing and completing the Beta Mainnet, including Flux SDK, Flux Open – Source App and Flux Index Node. Flux phase 1 activities are detailed as follows:
Stage 2 (done)
In phase 2, Flux allows projects to use its product into Dapps . The specific development steps in Flux phase 2 are implemented as follows:
Phase 3 (ongoing)
Q1/2022
Q2/2022
Q3-Q4/2022
Who are Flux's development team? What are the investors and their partners? Here is all the information about Flux's team of developers, investors and strategic partners.
Flux . Development Team
The Flux project is developed by an extremely powerful team, with extensive experience in the field of Crypto, especially Web 2.0, Web 3.0 development . They are all veteran experts, having worked in a number of popular projects such as bZx, Harmony, Bitmax...
Important Investor of Flux
During the Private Sale, Flux raised a successful investment of up to 10.3 million USD. Some of Flux's outstanding investment funds include Coinbase Ventures , Coinfund, IOSG Ventures, Distributed Global...
Strategic partner of the Flux . project
Some potential partners of Flux include:
Below is the project's 440,000,000 FLUX token release schedule.
FLUX token is listed and supported on many major exchanges such as: Gate.io, Binance, KuCoin, HitBTC, BKEX, CoinEx, MEXC Global, CoinMetro, Bittrex... Moreover, the currency pairs traded with Flux are also quite diverse. FLUX/USD, FLUX/BTC, FLUX/ETH, FLUX/ADA, FLUX/EUR…
FLUX tokens can be stored on the following wallets:
The choice of whether or not to invest in Flux completely depends on the individual investor's point of view and judgment about the project as well as the Flux token. TraderH4 cannot make decisions for you, but we will summarize the advantages and disadvantages of the project for you to have more information for reference.
Advantages of the FLUX token:
Disadvantages of FLUX token:
Where can I update information about Flux?
Which projects have a similar working method to Flux?
How to own FLUX token?
You can completely mine FLUX to earn this token, because the project uses the same PoW consensus protocol as Bitcoin. However, the safest and fastest way to own FLUX tokens is to buy them directly on the exchanges that have listed them.
What networks does Flux support?
Currently, Flux is supporting networks like Kadena , Ethereum, Binance Smart Chain , Solana, and Tron. In the near future, Flux will support 2 more networks: Avalanche and Cosmos.
The above article has shared details about the Flux project, as well as the FLUX token. Flux has made some gains and captured a small share of the decentralized cloud market. However, the truth is that the project is still quite lackluster in the market. So, to really make a mark and gain a foothold in the Web3 decentralized cloud computing space, the project's development team will need to put in more effort. Let's accompany TraderH4 to update other potential projects!
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