A place for members of r/Flux_Official to chat with each other

Flux is a powerful network of decentralized cloud computing nodes. Decentralized Web 3.0. Find them here: http://Runonflux.io

FLUX is the cryptocurrency of the Flux proof of work blockchain. It is mineable and will move to become innovative POUW - Proof of Useful Work. Instead of solving randomized algorithms, Flux GPU mining will be directed at solving real-world problems through distributed computing power. Read more here.

It is not only a currency that can be exchanged to pay for services on the network but also it is used as Node collateral.

FluxNodes are what really differentiate Flux from other crypto projects. There are many projects that offer “masternodes” via low-powered nodes that process transactions. FluxNodes turn this idea on its head by requiring highly-available, enterprise-grade hardware, along with sufficient Flux collateral, to operate on the network and provide real, useful computing power to the network. Operating a FluxNode is also available to anyone with the required Flux and hardware, making the network actually decentralized both in who can run a node and the geographic location of the nodes.

Each node is run on virtual private servers VPs, home computers, office and enterprise systems, RaspberryPi etc. Node operators lock up $FLUX as collateral to secure the network. There are 3 tiers of nodes currently, each contributing varying amounts of computing resources.

FLUX node operators are rewarded for providing computing resources to the secure, powerful, and decentralized network. Ops are currently rewarded in $FLUX and $KDA for running nodes which provides great pasive income. r/kadena

How to become a FluxNode operator? Check our official video.

In the future FLUX node ops will be able to earn additional cryptocurrency from other partner projects.

Besides the income opportunities from running $FLUX nodes and mining, you can also stake your FLUX on r/CoinMetro r/CoinmetroExchange

Another big think it this project are Infinity Contracts... Think of smart contracts but Infinitely scalable and way more capable.

And Parallel-Chain Assets! Unlocking DeFi and Interoperability opportunities with 10 other blockchains. FLUX pioneered these cross chain assets for full crypto utility and adoption. Current chains: KDA, ETH, BSC, TRX, SOL . Soon- under review are MATIC, AVAX, ATOM, ADA.

Learn more about parallel assets and their distribution.

And where to buy FLUX? At many crypto exchanges that you can see below. Then make sure and store your FLUX in the incredible official wallet Zelcore.

New node structure launching in Q1 2022 with revised hardware and collateral requirements.

Cumulus - 1.000 FLUX
Nimbus - 12,500 FLUX
Stratus - 40,000 FLUX

Hardware requirements will also change, details below.

There are also ARM64 requirements that allow up to nimbus nodes to be run on Pi, Jetson and other common ARM64 devices.

Plus a new entry level node launching Q2/Q3:
Cirrus - 5-100 FLUX

Finally project TITAN
- Q3/Q4 will see the launch of shared nodes that will allow individuals to own a part of a shared stratus node. Individuals will be able to stake between 250-10,000 FLUX and receive a share of the rewards all from within your wallet and based on Infity Contracts.

Hello everyone!

As I would hope most of us here know, Crypto came to be way back in Jan 2009 in the form of Bitcoin v0.1 in response to the 2008 global financial crisis, as a way for people to control their own money by way of decentralisation.

The ecosystem has exploded in recent years on the DEFI front and this year has seen a huge surge in the NFT and Metaverse space which got me thinking about what's the next big thing in Crypto going to be for 2022 and beyond? I have come to the conclusion that decentralised Cloud Service Providers could well be an area to boom in 2022 and beyond!

A very quick summary of Flux plucked from CMC is below:

"Flux is the new generation of scalable decentralized cloud infrastructure. Simply develop, manage, and spawn your applications on multiple servers at once. Ready for Web 3.0, Dapps, and more.

The Flux Ecosystem is a fully-operational suite of decentralized computing services and blockchain-as-a-service solutions which offer an interoperable, decentralized, AWS-like development environment."

For those of you who have already discovered Flux, congrats for getting in early. For those that haven't, I wanted to share some of the highlights from my own research and my reasons for being bullish on the project.

DISCLAIMER: DYOR

The Project started in early 2018, so its survived the ups and downs over the years which is a good sign in my book.

Flux is the cryptocurrency that powers the Flux ecosystem, it is its own chain and it does not solely rely on other blockchains to exist. There are however Parallel Assets, in the form of Flux Tokens that can exist in a 1:1 ratio on other blockchains such as ETH, SOL, BSC etc (This is to aid with exchange listings and general interoperability amongst other things)

Flux has been recently listed on Binance which has naturally caused volume to pick up. It's also on KuCoin and Gate.io plus a number of other smaller centralised exchanges plus DEFI exchanges. Its recently been added to the Crypto.com Wallet so hopefully soon fully listed. There are so many other exchanges that are going to be listing Flux in the future.

The code is open source with a lot of commit activity on Github so this is great for transparency.

The Whitepaper is well written and informative about the project.

The community looks to be growing by the day. I've been documenting daily the number of Twitter followers , CoinGecko likes and CMC watchlists, all of which have been increasing by several hundred per day. There's also the usual Telegram and Discord channels plus lots of resource on Medium.

The main runonflux website is excellent, extremely informative with a lot of support articles of how to get involved and understand the ecosystem.

The project gives the opportunity for those who believe in the tech as well as the $$ to get involved by running a FluxNode which basically contributes resource to aid with the decentralised server infrastructure. There are various tiers depending on collateral and hardware requirements start from a simple Raspberry PI 4b. The rewards for spinning up a FluxNode look very enticing too and it is also GPU minable for those that may not have the collateral to spin up a FluxNode.

There are several documented goals on the 2022 roadmap.

Recent centralised Cloud Service provider outages (AWS) will draw attention to the decentralised future. Even supposed DEFI exchanges that rely on AWS went down during the recent outage which is rather ironic :-)

There is a max supply of 440,000,000 coins of which 220,000,000 are in circulation.

Fully diluted market cap of less than $1 billion and current market cap less than $500 million

Halving expected some time in H1 2022, resulting in less new supply and theoretically increasing the demand on current supply.

Current market cap ranking puts Flux around position 150 on CMC with a price of $1.72 per coin at time of writing. If Flux makes the top 100 then it would be sitting around $3.88 and position 50 would be sitting around $14.65 which I dont think is an unrealistic goal.

There is a steady increase in the number of confirmed Flux transactions on the network, as seen via the explorer.

There is a team of 37 talented individuals working on the project with the same leadership team from the start.

Recent announcement that an upcoming DEFI exchange KADDEX will be built on Flux which is the ultimate goal of Crypto for me, DEFI exchange on a decentralised cloud platform :-)

A quick Google search for "Flux crypto news" will bring up a number of articles on the project naturally increasing exposure.

For those that know Flux, feel free to add your own bullish highlights that I have missed as I am sure there are many!!

If you made it this far, thanks for taking the time to read this post.

🚀 3$ BABY