FLUX Asset and Wallets
Exchange, transact, and hold FLUX, and secure your funds with compatible wallets: Zelcore & SSP.
What is the FLUX Asset?
A fair-launched asset, FLUX is the lifeblood of the network, fueling ecosystem transactions and liquidity.
FLUX can be traded and staked, and used to purchase app deployments on FluxCloud and computing resources on FluxEdge.
FLUX is also distributed to FluxNode operators via block rewards as payment for securing the network.
What are the FLUX tokenomics?
FLUX has a fixed supply cap of 560 million, making it deflationary with a 10% annual reduction rate to offset new asset issuance. FLUX is targeting a long-term inflation rate of 1%, expected to be reached by 2036.
14 FLUX enters the circulating supply for every block produced. These assets are distributed to independent FluxNode operators to host decentralized apps, validate blocks, settle user transactions, provide computing resources, and secure the network.
What is the utility of FLUX?
FLUX can be used to purchase network resources such as compute, storage, and bandwidth to provision machines and power decentralized app development.
FLUX is used to pay for FluxCloud deployments. When users register a new application, they can connect their wallet and pay for it in FLUX.
FLUX is compatible with numerous crypto wallets and is listed on top exchanges like Binance and KuCoin, enabling easy acquisition ramps for trading, holding, and purchasing.
What is the value of FLUX?
FLUX is a key component of the network’s yield-generating infrastructure; asset issuance through block rewards is reinvested back into the ecosystem to fund expansion.
0.5 FLUX from every block reward is allocated to the Flux Foundation to fuel community growth initiatives.
FLUX is interoperable with other blockchains via fusion swaps, allowing parallel assets to be traded across networks at a 1:1 ratio with no slippage.
What are the main Flux-compatible wallets?
Zelcore: Enabling Custody with Care
What are the benefits of Zelcore?
Flux Compatibility: Manage FluxNodes, track stock portfolios, and access Fusion and QuickSwap directly from Zelcore’s interface.
Payment Integrations: Utilize on/off ramps—including MoonPay and Topper—to buy and sell digital assets, and swap crypto to fiat.
Wallet Support: Support for Ledger and Trezor cold wallets, and WalletConnect, enabling access to 85+ blockchain networks.
What are the best Zelcore security practices?
Enabling decentralized 2-factor authentication (d2FA) on your Zel ID establishes a PIN requirement for wallet access and transaction signing.
Utilizing BIP-44 seed phrase accounts in Zelcore is best for securing long-term wallet holdings.
Using WalletConnect only with trusted DApps and pairing Zelcore with a cold-storage hardware wallet ensures multi-layered permissioned access.
SSP Wallet: Secure, Simple, and Powerful
What are the benefits of SSP?
Secure: SSP is non-custodial, features offline transaction routing, and offers on-chain multisig.
Simple: SSP combines the security of cold storage with the flexibility of hot wallets.
Powerful: Secure your crypto with zero network outages across 10+ blockchain networks.
What are SSP best security practices?
Using SSP in its default multisig mode keeps transaction approvals separated across two devices, so if one is compromised, funds can’t be moved.
Assigning specific roles to each device, such as using one as a hot device for regular access and the other as an “approval key” kept offline, ensures consistent sign-in.
Creating distinct unlock methods for each device reduces correlated risk, and backing up each device’s key independently ensures both parts of the multisig can be restored.