Flux Protocol: Mainnet Launch, Collaboration with The Graph and Cooper Launch
The day has come that NEAR now has access to the most secure source of data in the crypto space. This was only possible from the Flux Protocol mainnet launch in the NEAR blockchain. Economically secure data can be provided to the smart contract with a high level of validation process using the FLX native token. Any off-chain data can be easily accessed through the flux oracle.
Without a doubt, Flux is going to play an important role in the Web3 ecosystem. The main problem of Web3 is trust in the data source. The challenge comes when the blockchain has to analyze if the data is authentic or not. Flux can swiftly solve this issue regarding the trustworthiness of the data.
Collaboration with The Graph :
There was one huge announcement last week that Flux Protocol Partners with The Graph to Integrate Indexed Data with Smart Contracts If you don’t know about what The Graph is, it is an indexing protocol for querying networks like Ethereum and IPFS. Anyone can build and publish open APIs, called subgraphs, making data easily accessible. So, basically, both protocol works on data and their goal is to feed data in the blockchain. In terms of The Graph, it's the subgraph and for Flux, it's requester smart contracts.
The Graph plays the role of storing, index and querying data for the dApps but to make this data more secure and sharable they need an infrastructure, and that's where the flux protocol comes. The next big thing in Web3 starts with Flux and The Graph protocol.
Copper Launch:
The FLX Liquidity Bootstrapping Pool is live on Cooper Launch. This is the way where anyone can buy the $FLX token. This event is going to end on 4 December 2021. You can get the FLX which is the native Utility Token used for staking within the FLux Protocol by validators. Go to the following link to have a piece http://swap.flux.xyz
Interested to learn and contributing to the project? Get in touch with the team and community here :