What is the Flux Network?
The Flux Ecosystem is a suite of decentralized computing services, and blockchain-as-a-service (BCaaS) solutions. This ecosystem offers an interoperable, decentralized, AWS-like development environment. Flux utilizes a native Proof-of-Work coin, also named Flux, to power this ecosystem. The Flux token provides incentive for hardware hosters, on-chain governance, and even bad actor mitigation. Which is done via staking requirements for running hardware.
FluxNodes are incentivized, distributed, enterprise-grade computing nodes that power the whole BCaaS ecosystem. There are 3 different levels of FluxNodes with increasing amounts of collateral Flux and hardware requirements needed to join the network and receive rewards. On top of Flux coins, node operators receive distributions of coins from other projects that are using Flux infrastructure to quickly build out their own projects. For example, the top two tiers of FluxNodes also receive Kadena ($KDA) on top of the normal Flux rewards!
For more information on Flux Network, you can visit their official website here.
How to Deposit FLUX Into Your Coinmetro Account
For all information on how to deposit FLUX into your Coinmetro account, please click the button below.
How to Withdraw FLUX From Your Coinmetro Account
Important Note - To request a withdrawal, your account profile needs to be verified as well as having the funds to cover your withdrawal. The first time a withdrawal is made to a destination, the destination needs to be verified via e-mail. If you have 2-Factor Authentication enabled for withdrawals, you will be asked to input the code for each withdrawal, approved or not. We suggest enabling 2-Factor Authentication to protect your account.
Withdrawals waiting for approval can be cancelled and withdrawal status can be found by selecting the wallet on the GO! Dashboard. Approved withdrawals cannot be cancelled. If there is no Cancel button, there should be a transaction ID (TXID). This is a link to the relevant tx hash (Transaction Hash) on a blockchain explorer website.
You can also earn a passive income, plus mining and parallel asset rewards by staking your FLUX at Coinmetro!