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About FLX

Flux Oracle is the backbone of a fully permissionless and decentralized infrastructure for working with and resolving off-chain data on the blockchain. This Oracle has been uniquely designed for flexibility without security trade-offs while being robust enough to scale with economic guarantees.Data requests sent through the network are validated and settled by validators who have to put up collateral in the network’s native asset to simultaneously secure the network while making it difficult for malicious actors to corrupt data requests. This mechanism is proportionately correlated with the Total Value Secured (TVS) by the protocol, incentivizing validators to resolve data requests honestly and disincentivizing malicious actors from resolving outcomes incorrectly. When a data request needs to be settled, validators stake the network’s token to earn the data request fee in question. If there is more value secured by the protocol, validators are rewarded from the increased data request fees. When less data is secured, the fees drop to disincentivize malicious actors as less value stands to be gained, incentivizing data request providers to leverage the Oracle cheaply.The economic guarantee mechanism is based on fluctuating data request fee model that increases or decreases according to the amount of value locked in the protocol. Doing this ensures that validators are proportionately incentivized to resolve data outcomes correctly.

Flux (FLX) is a cryptocurrency launched in 2021. FLX has a current supply of 0 with 0 in circulation. The last known price of FLX is 0.165284215919 USD and is -0.01072150002 over the last 24 hours. It is currently trading on active market(s) with $6,136.15 traded over the last 24 hours. More information can be found at https://www.fluxprotocol.org/.

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FLX Price Statistics
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Updated Apr 24, 2024 1:25 am
Mkt Cap $0
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Frequently Asked Questions

  • What is the all-time high price of Flux (FLX)?

    The all-time high of FLX was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Flux (FLX) is 0. The current price of FLX is down 0% from its all-time high.

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  • How much Flux (FLX) is there in circulation?

    As of , there is currently 0 FLX in circulation. FLX has a maximum supply of 1.00Bn.

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  • What is the market cap of Flux (FLX)?

    The current market cap of FLX is 0. It is calculated by multiplying the current supply of FLX by its real-time market price of 0.165284215919.

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  • What is the all-time low price of Flux (FLX)?

    The all-time low of FLX was 0 , from which the coin is now up 0%. The all-time low price of Flux (FLX) is 0. The current price of FLX is up 0% from its all-time low.

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  • Is Flux (FLX) a good investment?

    Flux (FLX) has a market capitalization of $0 and is ranked #5749 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Flux (FLX) price trends and patterns to find the best time to purchase FLX.

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