FLUX.Fund – FLUX ICO Tokens For Playing Online Games?
Flux is a decentralized global gaming ecosystem. The pre-sale for Flux tokens is taking place throughout November and December. Here’s our review.
What Is FLUX?
Flux, found online at Flux.fund, is a decentralized gaming platform that revolves around the use of FLUX tokens.
Flux is built with the goal of creating “a unique global gaming platform that unites all parts of gaming industry ecosystem where players, developers, traders, and the gaming community can transform their time and needs into money using our gaming Flux Coin token.”
Basically, it’s a combination of streaming, matchmaking, betting, and a gaming marketplace rolled into one convenient platform.
What Problems Does FLUX Seek To Solve?
Flux’s official website mentions that the global gaming industry consists of 2.3 billion players, 60 million stream views per day, $105 billion in revenue, and $8 billion in “trading amount” – although it’s not totally clear what they mean by “trading amount”.
Despite the success of the gaming industry, there are some major problems with the industry, including all of the following:
Game vendors pay 30% of all revenues to the market, while players receive no profit whatsoever from today’s current gaming system. All dedicated gaming platforms are centralized and monopolized.
Trading processes can be overly complicated. Platforms that offer earnings in exchange for playing are generally untrusted. We’ve all seen sleazy ad-based gaming websites online based around a model like this.
Flux sees today’s gaming ecosystem as diversified. The industry is about much more than just playing games, and yet gamers need to use multiple platforms to trade, stream, develop products, and advertise them.
How Does FLUX Work?
Flux plans to solve all of the above problems by making an all-in-one platform for the gaming ecosystem. That platform consists of matchmaking, tournaments, a smart contract system (for P2P matchmaking), a reward and donation system (for streamers), and opportunities for investors to participate in the platform.
There will also be a trading system and store with 0% commissions. Plus, a developer market will also be available with 0% commissions.
An MVP of the Flux platform is scheduled to be released before the end of October 2017. That MVP will have a demo version of the developer market, a multi-platform client, mobile games, and support for CS:GO.
The full desktop platform is scheduled to be released in Q1 2018, with a mobile release scheduled for Q2 2018.
Here are some of the key identified features of Flux:
Players can compete in popular games, then earn their opponent’s money after a win.
Flux offers 0% commissions for developers who create competitive games. Developers can upload their game app, and it will become available for matchmaking. Developers receive commission on every matchmaking session. In other words, Flux plans to provide free money and exposure to developers in exchange for licensing their game for use in matchmaking through the platform.
Flux lets users purchase items from the Flux store in exchange for tokens. Smart contracts guarantee a fair and transparent process.
Users can participate in Flux tournaments or create their own tournaments for different games.
Members can broadcast Flux games and receive rewards. Rewards also come from other users, who may choose to donate using Flux tokens. Community members are also rewarded for sharing content on social networks.
Achievements And Quests:
Flux will have a gamification system that comes in the form of in-platform achievements and quests. You can complete in-game challenges and receive rewards in Flux tokens.
Flux will have a referral system that incentivizes users to recruit friends to the platform. If you invite friends, then you’ll receive a small part of their matchmaking rake fees.
Flux’s loyalty program will reward users who are active on the platform. Active users can move to higher leagues with lower rake fees, for example, or unlock rewards, exclusive tournament tickets, and more.
With Flux, you can describe your project and crowdfund it using Flux tokens. investors receive part of the matchmaking rake fee from the game and pre-orders.
How To Use FLUX
Here’s the basic process a player will use when joining Flux:
Step 1) User downloads the Flux client
Step 2) User chooses a game he or she wants to play, then makes a bet that he or she will win that game
Step 3) The Flux platform finds an opponent for the user
Step 4) Players compete, and the winner gets the prize-pool generated from the bets
A smart contract guarantees a fair and transparent transaction. Mobile and PC games will both be supported through the platform.
Who’s Behind FLUX?
Flux is led by Alexandr Sushko (CEO and Co-Founder), Jan Keil (CMO), and Dmitry Lut (CTO and Co-Founder).
The concept for Flux first formed in summer 2016, with demo development taking place throughout late 2016 and the first half of 2017.
The FLUX ICO
Flux’s token sale is scheduled to begin on November 20. You can purchase FLUX tokens, then use tokens to participate in the Flux platform. You can participate in matchmaking using the FLUX token, or by using major fiat and cryptocurrencies.
After receiving FLUX tokens, users can spend the token on gaming services or convert them into their desired currency.
Information about the ICO has not yet been released to the public. We expect to see more information as we get closer to the launch date. Right now, we don’t know many details about the total token supply, or full details about how the token will be used.
Flux is an all-in-one gaming platform that aims to provide matchmaking, betting, a marketplace, and other services. It rolls platforms like Steam, Twitch, and eSports betting services into one convenient spot.
To learn more about Flux and their upcoming crowdsale, visit the platform online today at Flux.fund.