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.
Introducing Flux Phase 1.0 🎉
Flux Open Source App
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 a16z, Metastable, 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.
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