Flux

About Flux

Flux is a blockchain platform that enables decentralized computing through its innovative consensus mechanism, FluxNode, and offers a seamless experience for developers to create and deploy smart contracts and decentralized applications.

About $FLUX token

FLUX is the native utility token of the Flux ecosystem, which is built on the Avalanche blockchain and is used for various purposes including governance, staking, transaction fees, and liquidity provision.

How to buy $FLUX with a payment card

1. Enter the amount of $FLUX and fiat currency that you wish to purchase.

2. Verify your phone and email.

3. Enter or create $FLUX wallet

You are given the option to enter your $FLUX wallet address or create one using the Swipelux widget.

4. Pass KYC flow

This verification process helps protect you from fraud and other malicious activities.

5. You're now ready to buy $FLUX with a credit and debit card.

$FLUX analytics

Market Position and Adoption: Flux (FLUX) is a mineable cryptocurrency that powers a decentralized computing network for decentralized cloud services, distributed applications, and advanced data management. FLUX has a market rank of 159 and is currently being traded at $0.6766, with a market capitalization of $198,216,832. The coin is listed on several major exchanges, including Bittrex Global, HitBTC, and CoinEx.

Technology and Platform: Flux aims to offer a decentralized cloud platform that is more secure, efficient, and cost-effective than centralized cloud services. The Flux platform utilizes a proof-of-work (PoW) consensus mechanism and the RandomX algorithm for mining. Flux uses IPFS (InterPlanetary File System) to store and distribute data in a decentralized manner, enabling users to store and retrieve data without relying on a single centralized entity. Additionally, the Flux network supports smart contract functionality, enabling developers to create and deploy decentralized applications (dApps) on the platform.

Team: The Flux team is led by founder and CEO Pedro Fortuna, who has extensive experience in cybersecurity and cloud computing. The team also includes several experienced developers and advisors with backgrounds in blockchain, cloud computing, and software development.

Competition: Flux faces competition from other decentralized cloud platforms, including Golem (GLM) and iExec (RLC). However, Flux distinguishes itself by focusing on a broad range of cloud services and data management solutions, including machine learning, big data, and decentralized storage.

Supply: Flux has a total supply of 285,975,807 FLUX tokens, of which 292,950,203 FLUX tokens are currently in circulation. The maximum supply is capped at 440,000,000 FLUX tokens.

$FLUX risks

1. Market risk: The cryptocurrency market is highly volatile, and the value of FLUX token can fluctuate rapidly in response to market conditions.

2. Technology risk: FLUX token is based on innovative technology, and there is always a risk that technical issues or vulnerabilities could arise, potentially leading to a loss of value or other negative consequences.

3.Regulatory risk: The regulatory environment for cryptocurrencies is constantly evolving, and changes in regulations could have a significant impact on the value and adoption of FLUX token.

4. Competition risk: There are many other cryptocurrencies and blockchain-based platforms in the market, and FLUX token may face significant competition from other projects that offer similar features or benefits.

6. Adoption risk: The success of FLUX token is dependent on widespread adoption and use, and there is always a risk that the platform may not gain sufficient traction among users and developers.

5. Liquidity risk: The liquidity of FLUX token may be limited, which could make it difficult for investors to sell their holdings in a timely manner or at a desirable price. Operational risk: The development and maintenance of FLUX platform is complex and requires a dedicated team of experts. Any operational failures or issues could adversely affect the platform's performance and reputation, which could in turn impact the value of FLUX token.

Potential market development triggers

Adoption by major cloud computing companies: If major cloud computing companies such as Amazon Web Services, Google Cloud, or Microsoft Azure were to adopt Flux's distributed computing technology, it could greatly increase the demand for the FLUX token.

Partnership with prominent decentralized file sharing platforms: If Flux were to partner with prominent decentralized file sharing platforms such as IPFS, it could lead to greater adoption of its technology and increase demand for the FLUX token.

Expansion of use cases beyond distributed computing and file sharing: If Flux were to develop new use cases for its technology, such as in the gaming or artificial intelligence industries, it could lead to increased demand for the FLUX token.

Increased community engagement and developer adoption: If Flux were to increase its community engagement and developer adoption through hackathons, bounties, or other initiatives, it could lead to greater adoption of its technology and increase demand for the FLUX token.

Regulatory clarity and favorable legislation: If there were to be regulatory clarity and favorable legislation regarding the use of decentralized computing and file sharing technologies, it could lead to increased adoption of Flux's technology and increase demand for the FLUX token.