FLT
455K
autimom2@mail.com
Ashleigh Harp
Tom Trowbridge, an entrepreneur and business builder, co-founded Fluence Labs. He was also the President of Hedera Hashgraph (HBAR) from its inception. Additionally, Tom serves as a board member of Stronghold Digital Mining (NASDAQ: SDIG) and invests in leading DePin projects and crypto funds3.
Fluence is useful for all types of applications currently living in the cloud such as web applications, distributed backends, communication software, and IoT. Fluence facilitates building any decentralized application that prioritizes user data privacy, composability, and resilience.
FLT token launched in February 2024 with 1 billion tokens created at genesis. In its initial month, the supply is capped at 5% for the liquidity bootstrap pool. An additional 5%, the developer reward pool, will unlock two months after the claim date, beginning on April 27th. Compute providers will earn tokens by contributing capacity to the network, for which they will be required to stake FLT tokens. Starting February 2025, approximately 45% of all tokens held by investors and the team will unlock daily until February 2026. FLT is the platform’s native utility and governance token used for: * Staking by compute providers for each added CPU to guarantee network reliability * Rewarding compute providers * Voting in the DAO governance, including on protocol upgrades and treasury management