Flux — a scalable open market protocol that allows market transactions for any asset or event. Connect to your project, using the open source Javascript SDK.
Contents:
Brief description of the blockchain project
Flux will serve as a channel to facilitate markets in a variety of ways, from forecasting to derivatives. Flux is built on top of the NEAR Protocol, a highly scalable blockchain, optimized for easy application development. NEAR serves as a baseline for scalable, low-cost trading. The project can interact with any smart contract or call certain functions.
FluxCore products:
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Stream protocol |
Data driven oracle, order book, market mechanics, market creation API. |
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Flux Dev Tools |
Javascript SDK, connects any application with market mechanics and oracle in three lines of code. |
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Open source application |
Any developer can launch their idea quickly and test it early on. |
The project is designed so that developers can connect applications to any vertical easily. Flux has DAI integration at the protocol level, providing a stable unit of account for the markets. The projected transaction fees for trading will be 1,000 times cheaper than the closest existing protocol.
What else should you know about dapp?
Flux Token serves three purposes within the protocol. Validators stake the token and receive an open interest function when the markets are resolved. The validators also use the token to publish controversial bonds with incorrect market resolution.
In the future, the token will work as a protocol control mechanism.
How the app works:
- Create a wallet with NEAR. This allows you to use an existing Ethereum asset like DAI or buy your own cryptographer.
- You are ready to trade now. You can trade any market, related to global liquidity.
The platform is completely open source and censorship resistant. The site has a White Paper, which contains complete information about the project. Also, the developers provide answers to some questions. From social networks, the community leads twitter and discord. If you want to keep abreast of innovations, then subscribe to the Medium blog. You can check the audit of the smart contract here.