A decentralized cloud computing governance token is surging after being listed on crypto exchange giant Binance.
In a new announcement, Binance says that the native governance token of FLUX (FLUX), a comprehensive suite of developer-friendly application tools, will now be available for trading.
The news sent the altcoin’s price vertical, leaping 64% from $1.15 to $1.89 almost instantly. FLUX peaked as high as $2.49 but has since corrected back to $1.96 for an impressive 70% gain.
FLUX aims to provide the infrastructure developers require for Web 3.0 and decentralized applications (DApps). Its decentralized cloud computing network employs a proof-of-work (PoW) consensus mechanism.
According to the project website,
“The Flux ecosystem consists of: Fluxnodes’ decentralized infrastructure, FluxOS cloud operating system, Zelcore self-custody multi-asset wallet and blockchain app suite, and finally the Flux blockchain for on-chain governance, economics, and parallel assets to provide interoperability with other blockchains and DeFi access.”
FLUX was formerly known as Zelcore (ZEL), and it still maintains a digital wallet of the same name.
The Zelcore wallet has been operational for four years, offers over 375 crypto assets, is scalable and has built-in exchanges.
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