What Is Fluence?
Fluence is the first decentralized “Cloudless” computing platform, providing an open alternative to the giant internet cloud monopolies. Fluence is up to 80% cheaper than cloud providers and is both resilient and verifiable. Fluence assembles excess compute capacity from top tier data centers around the world into a global, always-on DePIN network that is suitable for running a wide range of applications. The platform is open, allowing users to change providers easily, ensuring that prices stay low and service levels are high.
Fluence was founded in 2017 and launched mainnet in 2024. It is governed by a DAO in the form of a Swiss Association.
What is FLT token?
FLT is the platform’s native utility and governance token used for:
- Staking by compute providers for each added CPU to guarantee network reliability
- Rewarding compute providers
- Voting in the DAO governance, including on protocol upgrades and treasury management
How Many FLT Coins Are There in Circulation?
FLT token launched in February 2024 with 1 billion tokens created at genesis. In its initial month, the supply is capped at 5% for the liquidity bootstrap pool. An additional 5%, the developer reward pool, will unlock two months after the claim date, beginning on April 27th. Compute providers will earn tokens by contributing capacity to the network, for which they will be required to stake FLT tokens. Starting February 2025, approximately 45% of all tokens held by investors and the team will unlock daily until February 2026.
Who Are the Founders of Fluence?
Fluence founders are Evgeny Ponomarev, Dmitry Kurinskiy, and Tom Trowbridge. Evgeny and Dmitry are seasoned developers and entrepreneurs, with extensive expertise in blockchain and software engineering for over 15 years. Tom Trowbridge helped found Hedera Hashgraph (HBAR) and was president since inception.
Where Can I Buy FLT?
FLT is available on two exchanges as of March 2024: Bybit Gate.io