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What is a Flux?

  • Flux is a next generation scalable decentralized cloud infrastructure. It enables easy development, management and running of applications on multiple servers simultaneously. Ready for Web 3.0, Dapps and more.
  • And FLUX is a native GPU-mineable POW (Proof of Work) coin, that provides an incentive for hardware hosters, DAO management on the network, and mitigation for attackers through staking requirements for live hardware.

What is a FLUX Loan?

  • A Flux loan is the loan borrowed against Flux cryptocurrency as collateral. Here’s how it works: you bring some cryptocurrency Flux to a lending service, leave it there temporarily as collateral, and get an amount of a certain cryptocurrency in return. On CoinRabbit FLUX lending, we lend stablecoins such as Tether USDT, USD Coin and BUSD.

Learn more about Flux Loans

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FAQ

What is Flux used for?IconPlus

Flux is the cryptocurrency that powers the Flux ecosystem. It has a number of uses including purchasing resources, collateralizing nodes and fuelling transactions on FluxOS, as well as rewarding both miners and FluxNode operators for providing computational resources.

Why should you consider a Flux loan?IconPlus

According to the Flux crypto potential growth the cryptocurrency believers can use Flux loans for the long-term and short-term periods. The main strengths of the Flux coin:

  • Flux is the largest decentralized network in the world
  • Flux is an open, community-driven and independent project without any external investors. So $Flux is fairly distributed without any pre-mined coins or distributions to others other than holders, miners and node operators
  • There is a maximum supply of 440 million FLUX tokens. This means that there will never be more than 440 million FLUX tokens in circulation in the future.

How does Flux loan work?IconPlus

Flux lending is a service that issues loans with Flux cryptocurrency collateral for a yearly interest. The interest can vary from 12% up to 13,8% and more. There is no credit history and no credit checks — the only way you prove your credibility is the collateral you’re ready to provide. It will be temporarily stored in a lending service making sure you will repay your Flux loan.

How quickly can I get a crypto loan? How quickly will you refund me the collateral?IconPlus

Usually, getting an instant Flux loan takes no longer than 10 minutes. Since there are no credit checks, it’s that fast. The longest part of getting a loan is waiting for the confirmation of your Flux transaction.

The collateral will be refunded instantly whenever you come back to repay your loan. You can do it when you want: in a month, in a year, or in many years — our loan period is limitless. Enjoy your money as long as you need.

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