Flux is Live on Mainnet

Flux is the first protocol and decentralized app to be built and launched on the NEAR Protocol.

Flux is Live on Mainnet 🎉

Imagine a future where everyone has access to open, efficient markets on any commodity, asset, or event at their fingertips — no middleman, no custody of funds, completely permission-less and global.

That future is today.

mainnet explorer link

Introducing Flux Phase 1.0 🎉

Flux is a scalable open market protocol that enables the creation of markets for any asset or event. As a developer-friendly protocol, Flux allows any developer to incorporate open markets into their application with the Flux open-source javascript SDK in three lines of code. The Flux Open-Source App meanwhile, provides a Robinhood-style trading experience that rivals existing web2.0 apps.

Flux Open Source App

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In the context of the Open Web, Flux is the first protocol and decentralized app to be built and launched on NEAR Protocol: a highly scalable blockchain backed by top tier investors, including a16zMetastable, and Electric. NEAR Protocol recently launched their token on Coinlist, which saw over $150m in interest before selling out all tokens in ~2 hours and crashing Coinlist’s website for two consecutive days.

NEAR enables users on Flux to create and trade prediction markets with low transaction fees under $0.01. As a third-generation decentralized market protocol, Flux is an order of magnitude more advanced than the heavily funded 1st generation decentralized market protocols, who’s market-caps topped $1.2B in 2017 and currently operate on the Ethereum blockchain with transaction fees reaching $145 per trade. Flux incorporates a novel liquidity provision model that leverages a mixture of Automated Market Making (AMM) for price discovery and open, efficient order books. Flux’s oracle design delivers resolution times at a current minimum of 30 minutes with finality, faster than any existing secure, fully decentralized oracle.

Overall, The launch of the Flux Mainnet signifies a monumental development shift for decentralized prediction markets: As Flux continues to rapidly develop — with more than 10 teams already building on the platform — and Augur transaction fees become increasingly unfeasible for mainstream users, the future of open-market innovation has moved to NEAR.

As an Open-Web project, Flux is committed to a vision of permissionless access to open markets from any individual, enterprise, or developer: Users come first, and trading can flourish with low transaction costs, deep liquidity, and short resolution times.

With the launch of the Flux mainnet, a data-driven future starts today.

Follow the Flux Team

If you’re interested in chatting more with the team, join our telegram! Interested in contributing to the development of the Flux Ecosystem and joining us for the Journey? Join the Social Incentive Program!