Flux token usage and circulation
FLUX is the native currency of Flux network. It is ERc-20 token that can be used for governance and can be used as reward for miners and nodes that provide resources.
As of 7 November 2023, Flux has marketcap of $131M USD equal to 4.6 Billion THB and placed at #194 in CoinMarketCap ranking.1 FLUX token is worth 0.3906 USD (13 THB)
Data retrieved from CoinMarketCap 7 November 2023
FLUX Token circulation
FLUX have a limit number of supply of 440 millions tokens across parallel chain. It has 125 million tokens on main chain and 12.5 million tokens in others parallel chain. Which can be divided into 2 categories miners and holders. Flux network use Proof of Work system for a security measure. Reward from mining are split 50-50 between Miners and Node providers ,but network also categorized node providers with tiers to distribute the reward. Cumulus tier nodes will get 7.5% , Nimbus tier nodes will get 12.5% and Stratus nodes will get 30%.
FLUX tokens allocation
94.7% of tokens are in user hands while remaining percentage will be split into 3 holders which is Flux foundation holding 2.9% of tokens; the other 1.7% are used for liquidity and listing in exchange platform. The last 0.7% stayed with Flux team.
Interesting things about Flux
Since its debut, the FLUX token is 100% sourced from GPU mining. It never held an ICO IEO or Pre-sale. In 6 August 2025 FLUX will begin its 3rd halving process. Resulting in a decrease number of mining reward from 37.5 FLUX to 18.75 FLUX. The last time we saw this process was in 8 Febuary 2023.
References
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