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Highlights
- Binance will list the FLUX cryptocurrency on its platform and ever since the announcement, this crypto is soaring high.
- The FLUX crypto has several use cases like acting as a governance token and paying for the network's fees.
- Flux aims to build a decentralized finance (DeFi) infrastructure by staying independent and focusing on innovation in blockchain technology.
The Flux (FLUX) cryptocurrency has jumped about 68 per cent in the last 24 hours and it was trading at US$ 2.28 per token, at the time of writing.
Binance has announced that it will list FLUX crypto on its platform and open trading for FLUX/USDT, FLUX/BTC, and FLUX/BUSD.
For deposits and withdrawals, the world's largest cryptocurrency exchange will only support ERC-20 and FLUX BEP-20 tokens.
What is Flux?
Flux is a decentralized cloud computing network and uses the Proof-of-Work (PoW) consensus. Meanwhile, the FLUX cryptocurrency is the native utility token of this network.
The FLUX crypto has several use cases like acting as a governance token, paying for the network's fees and receiving rewards for mining.
Users can use Flux for the development and management of their applications on multiple servers at the same time. In addition, it is an open-source project driven by the community and does not involve any outside investors.
Flux aims to build a decentralized finance (DeFi) infrastructure by staying independent and focusing on innovation in blockchain technology.
Also Read: What is FoxBoy crypto & how to buy this token?
The project's economic model is based on incentivizing holders, miners using graphics processing units (GPUs), and node operators.
As Web 3.0 blockchain and crypto projects are becoming increasingly popular, the FLUX crypto could gain momentum as it acts as a decentralized alternative to Amazon Web Services (AWS) platform.
Flux's robust ecosystem comprises several products and users can do the same things as they can do via AWS. However, they will get additional security and privacy as Flux is based on blockchain technology.
What is FLUX crypto? Know its price prediction
Bottom line
In the last 12 months, the FLUX crypto skyrocketed by 9,068 per cent and it has a circulating supply of 221.2 million tokens.
The sudden price surge is due to the announcement from Binance and if the present momentum continues, then the FLUX crypto could surpass its all-time high of US$ 2.95 apiece set on November 12, 2021.
Also Read: What is BAX crypto & why has it soared 6000%? Know its price prediction
Interested investors can get hold of this cryptocurrency through cryptocurrency exchanges like MEXC, Bitrue, KuCoin and PancakeSwap.
