Again about Flux Protocol and about DAO

in crypto •  3 years ago 

image.png

Flux Protocol is a cross-chain oracle aggregator with many features. Data in it can be aggregated from different oracles, and validators will be able to dispute any suspicious information if desired, which makes this oracle the most accurate and secure.

What is the stage of the project?

At the moment, the Flux Protocol is under development and testing, it is not possible to purchase tokens.

Flux DAO is a cloud-based system that is collectively managed by all of its investors who will hold FLX tokens.

image.png

Suggestions that can be made with DAO:

  • Adding or Removing Query Interfaces
  • Updating parts of the system
  • Changing network settings
  • Funding grants

FLX tokens will be required for voting in Flux DAO, which will determine the size of the stake and commission on the network, as well as whitelist the addresses of Flux Protocol clients who are allowed access to data requests from oracles.

Whitelisting a contract does not have to pass a 24-hour grace period before the proposed registry changes can be implemented. This is done so that validators who disagree with the proposal can exit their position.

The minimum consensus for approving a whitelist is 70% of all votes. Voters must make up 10% of the circulating supply of FLX tokens, and the voting round must also be completed within 168 hours.

Useful links:
Twitter: https://twitter.com/fluxprotocol
Site: https://www.fluxprotocol.org/
Discord: https://discord.com/invite/sJUveAvJHf
Telegram: https://t.me/fluxprotocol

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!