Flux (FLUX)
Rank #698
Market snapshot
- Price
- $0.040946
- Market cap
- $17.1M
- 24h volume
- $1.6M
- Circulating supply
- 417,223,210.4991
- Total supply
- 417,223,210.4991
- Max supply
- 560,000,000
What is Flux?
Flux is a cryptocurrency that supports decentralized applications (dApps) and services across various blockchain platforms. It is categorized under multiple tags such as DeFi, interoperability, and smart contracts. Users can generate FLUX through mining, contributing to the network's overall functionality and security.
How Flux works
Users can generate FLUX through the process of mining. The Flux network is supported by thousands of globally distributed, user-operated nodes, ensuring redundancy and eliminating single points of failure. This decentralized infrastructure enhances the network's reliability and performance. The Foundation serves as a community-governed growth funnel, receiving a portion of block rewards to fund network growth through yield-generating infrastructure.
Key information
- Symbol
- FLUX
- CMC rank
- #698
- Network / platforms
Algorand, Avalanche C-Chain, Base, BNB Chain
- Categories
- Mineable, Proof of work
- Date added
- Aug 2, 2018
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
Algorand
1029804829Avalanche C-Chain
0xc4B06F17ECcB2215a5DBf042C672101Fc20daF55Base
0xb008BDCF9CdFf9da684a190941dC3dCa8C2Cdd44
Key characteristics
Flux is categorized under several CoinMarketCap tags, including DeFi, mineable, proof-of-work, and smart contracts. It operates on multiple platforms, including Ethereum, BNB Smart Chain, Solana, and others, providing interoperability and diverse functionality. The open-source design allows for community participation and development.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Flux (FLUX)?
- Flux (FLUX) is a cryptocurrency designed to support decentralized applications and services across various blockchain platforms.
- How does Flux work?
- Flux operates on a network of user-operated nodes, allowing users to generate FLUX through mining and ensuring redundancy without single points of failure.
- What are the key characteristics of Flux?
- Flux is categorized under DeFi, mineable, proof-of-work, and smart contracts, operating on multiple platforms including Ethereum and BNB Smart Chain.
- What are the risks associated with transferring Flux?
- Users should verify contract addresses and networks before transferring assets, as digital asset prices can be volatile and transfers may be irreversible.
- Where can I find official resources for Flux?
- Official resources for Flux can be found on its website and GitHub, including its whitepaper and source code.
Related cryptocurrencies
Listed from stored network and category relationships, not a similarity score.
