As of this week, the price stood around $5, a decline of more than 99 percent.
One of its better-known competitors, the Internet Computer Protocol (ICP), immediately drew an outsized market cap of $18 billion - at a token price of $700 - when it launched in 2021. It is worth noting that the project’s success was never guaranteed. Those who hold FLUX in self-hosted wallets (such as Zelcore) will receive a bonus airdrop of FLUX worth a percentage of their holdings after those two chains are announced. And it’s set to add two that have not been announced. It’s targeting compatibility with two more - Avalanche (AVAX) and Cosmos (ATOM) - in the months ahead. It’s presently compatible with five chains - including Kadena, Ethereum, Tron, Binance, and Solana. One of the project’s most impressive accomplishments might be its speedy expansion to additional blockchains. RELATED: Coin Center Sues to Block the Feds’ Plan to Spy on Crypto Wallets Compatible With Five Chains Four More Ahead (Flux can similarly be earned through mining on a standard GPU.) Users running nodes can send rewards directly to their wallet, where they can use a built-in exchange service to trade it for a range of other currencies. In 2021, the project additionally launched its own wallet, Zelcore. That level requires 1000 FLUX ($400-450), but its expected net monthly payout - around negative $1.50 - is a little lackluster. “Cumulus” is the third and lowest tier.That requires 12,500 FLUX as collateral (~$5,700) and offers a net monthly payout of $44, along with KDA The Stratus pays roughly $150 in FLUX monthly, in addition to a handful of Kadena (KDA) rewards. That tier requires users to hold 40,000 FLUX as collateral, valued at a little more than $17,000 as of this week. The “Stratus” tier represents the highest level of participation (and payout).Compatible With Five Chains Four More Ahead.They’re paid out according to a three-tiered scale. Anyone interested in setting up a node can begin the process by purchasing a Raspberry Pi on Amazon, which runs around $100. As of June, users actively hosted more than 12,000 nodes that provide computing power for projects on the Flux network. That ability to participate has contributed to building a dedicated following. The project accomplishes what Keller described by incentivizing users to run the nodes that provide computing resources. Its market capitalization stood at $104 million, making it #234 on the market by that metric. As of this week, its price stood between 40-45 cents - about 22 times higher than its value a year earlier. The token rocketed from a value of less than two cents in January 2021 to more than $3 in January 2022 - a 15,000 percent increase. That vision helped to propel FLUX to enormous heights in the last bull run. Instead of having big data centers around the world providing the necessary computational resources, we want the common individual to be the backbone of it all.” “We are talking about a decentralized Amazon or Google Cloud. “Our cloud infrastructure is not controlled by anyone,” Keller said.
In an interview with GoblinCrypto, Keller said their goal was to remove data from “the hands of a few giants” in tech. The token is looking to dethrone centralized cloud services including Google Cloud and Amazon Web Services, and it offers a strong yield for those interested in contributing to the network.Ĭo-founders Daniel Keller, Parker Honeyman, and Tadeáš Kmenta launched the project in 2018.
For those searching for hidden gems in this year’s bear market, the FLUX ecosystem is a compelling option.
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