The FLUX token serves multiple functions within the Flux ecosystem:
Payment for Services: Users can utilize FLUX to pay for services such as Flux Drive and hosting WordPress sites on Flux Cloud.
Transaction Fees: FLUX is used to cover network transaction fees, compensating miners and node operators.
Staking and Governance: Holders can stake FLUX to participate in governance decisions and earn rewards.
Node Collateral: Operating a FluxNode requires staking FLUX as collateral, contributing to the network's decentralized infrastructure.
Cross-Chain Interoperability: FLUX supports parallel assets on multiple blockchains, including Ethereum, Binance Smart Chain, and Solana, facilitating cross-chain transactions.
