Why is FLUX crypto’s mechanism so unique?

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Why is FLUX crypto’s mechanism so unique?

 Why is FLUX crypto’s mechanism so unique?
Image source: © Valikos | Megapixl

Highlights

  • Flux (FLUX) is primarily a decentralised cloud infrastructure network that aims to manage applications on multiple servers.
  • The Flux ecosystem offers blockchain-as-a-service solutions that help investors with an interoperable, decentralised, AWS-like development environment.
  • The 155th ranked FLUX crypto market cap is currently trading at $1.34 with a 24-hour trading volume of $22,986,741 over a day.

Flux (FLUX) is primarily a decentralised cloud infrastructure network that aims to manage applications on multiple servers. The Flux ecosystem offers blockchain-as-a-service solutions that help investors with an interoperable, decentralised, AWS-like development environment.

The FLUX crypto’s cross-chain oracle service offers smart contracts access to economically secure data feeds powered by a multi-blockchain network. As a new Web3 platform, the FLUX ecosystem offers a self-custody multi-asset wallet service and on-chain governance etc., with other blockchains networks.

In the last one week, the token had a mixed run witnessing some good and bad days, like today on 28 February, when it is down by 1.13% at the time of drafting. 

Also read: What makes Kusama a unique blockchain network? 

What makes FLUX crypto unique?

As a fully decentralised network, the FLUX ecosystem is highly resilient, with its nodes being collateralised and is managed by its node operators. The Flux incentivises its participants to enable network growth and thwarts bad actors from attacking it through the locking of node collaterals.

Launched in 2018, it is one of the biggest cloud service providers operating at present. The community-powered FLUX ecosystem can hand the necessary tools to ensure better governance decisions that significantly affect the entire ecosystem. This also ensures that Flux ecosystems do not depend on leading financial institutions, big tech companies, or venture capital investors.

Also read: How high will stablecoin supply go after crossing US$180 billion?

Besides, the ecosystem provides critical infrastructure and tools essential for onboarding uses, thereby improving the blockchain technology and assuring enhanced adoption by leading enterprises. 

How is FLUX’s price faring?

As per market cap, the 155th ranked FLUX crypto is currently trading at $1.34 with a 24-hour trading volume of $22,986,741 over a day. The token was down by 1.13% in the last 24 hours, with a live market cap of over US$306,153,914 and 227,626,917 FLUX coins in circulation.

The FLUX ecosystem has huge plans panned out this year. It already aims to introduce parallel assets such as AVAX, ADA, ATOM in the latter half of the year and aims to launch an NFT feature. The NFT feature is expected to expand its reach as it will expose the users to a space that has seen significant growth last year.

With the markets being extremely volatile due to the Russia-Ukraine war, the market participants would like to tread carefully before making any significant decisions.

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