Flux

What it does

Flux is a blockchain-powered decentralised cloud computing platform, one of the oldest in the space. Originally launched in January 2018 as ZelCash (a Zcash/Equihash fork), it rebranded to Flux in March 2021 and evolved from a privacy coin into a full cloud infrastructure stack.

The platform comprises several components:

• FluxCloud: autonomous deployment platform for containerised dApps with CDN and real-time monitoring. Think decentralised Docker hosting.
• FluxEdge: GPUGPUGraphics Processing Unit. Originally designed to render video game graphics, GPUs turned out to be exceptionally good at the massively parallel math that AI models need. Modern AI training and inference runs almost entirely on GPUs.Like a factory with 10,000 workers doing the same simple task in parallel, versus a CPU which is more like 10 workers each doing different complex tasks. AI training involves doing simple math a million times per second on a million numbers, which is exactly what the GPU factory is designed for.GPU in the glossary → compute marketplace for AI/MLMLMachine Learning. The branch of AI where systems learn patterns from data instead of being explicitly programmed with rules. Modern AI (LLMs, image generation, recommendation systems) is almost entirely machine learning.Like teaching a child to recognise dogs by showing them thousands of pictures of dogs, instead of writing down a precise rulebook for what makes a dog. The child learns the pattern from examples rather than from instructions.ML in the glossary → workloads, recently graduated from alpha in 2025.
• FluxNodes: user-operated infrastructure across three tiers: Cumulus (2 cores, 8GB RAM), Nimbus (4 cores, 32GB), and Stratus (8 cores, 64GB). Plus Titan fractional stakingStakingLocking up a cryptocurrency to help secure a blockchain network, usually in exchange for rewards. The locked tokens act as a security deposit that can be taken away if the staker misbehaves.Like putting down a large rental deposit for an apartment. You get the money back if you behave, you earn interest while it's locked, and the landlord takes it if you trash the place.Staking in the glossary → from just 50 FLUX.
• ArcaneOS: secure Docker container operating system for node operators, released 2025, replacing the legacy FluxOS. Features encrypted disk pre-allocation.
• FluxAI: private AI solutions including FluxINTEL (document intelligence) and FluxGPT.
• SSP WalletWalletSoftware that stores the private keys needed to control tokens on a blockchain. A wallet does not actually hold any tokens. The tokens live on the chain. The wallet holds the keys that prove you own them.Like the key to a safe deposit box. The key doesn't contain your valuables. The valuables sit in the bank's vault. The key is what proves you're allowed to open the box and take them.Wallet in the glossary →: MultiSig wallet audited by Halborn.
• Fusion: cross-chain parallel asset swap system enabling 1:1 ratio swaps across ten chains (Ethereum, BSC, Solana, TRON, Avalanche, Polygon, and others). Flux’s 21 September 2026 post plans to keep only Ethereum and BNB Chain. The other eight go one-way in March 2027 and shut in August 2027, after which unclaimed balances go to the Foundation.

Founded by Daniel Keller (CEO, 25+ years IT experience), Tadeas Kmenta (Chief Innovation Officer, core developer), and Parker Honeyman (COO, resigned February 2025, no public explanation). The UK operating entity, InFlux Technologies Limited (Companies House #12144906), entered administration on 4 September 2026, with FRP Advisory appointed. Headcount is not something we can state: the FY2025 statutory accounts, filed 15 February 2026 for the year ended 31 August 2025, record the average number of employees including directors as nil, so the UK entity carries no payroll. Control also moved offshore in the window since our last check. Keller, Kmenta, Anderson and Silva all ceased to be persons with significant control on 31 January 2026, and the sole active PSC is now Influx Technologies USA LLC of Dover, Delaware, holding 75% or more of shares.

Critically, Flux had no ICOICOInitial Coin Offering. A token sale where a project sells tokens directly to the public, usually before any product exists. ICOs dominated 2017-2018 funding and are now mostly replaced by airdrops, IDOs, or fair launches.Like a company selling shares to the public before going public, except with no SEC oversight, no audited financials, and often no product at all. The 2017 ICO boom showed why those guardrails exist in traditional finance.ICO in the glossary →, no pre-mine, and no pre-sale. It was fair-launched via miningProof of WorkThe original blockchain consensus mechanism where miners compete to solve computationally expensive puzzles. The winner proposes the next block and earns the rewards. Proof of Work secures Bitcoin and most pre-2020 chains.Like a lottery that runs every 10 minutes where the tickets cost electricity. Whoever spends the most electricity buying lottery tickets has the best chance of winning that round's prize. Nobody can fake the result because the proof of their work is verifiable by everyone.Proof of Work in the glossary →. Team allocation is 0.7% of supply. This is one of the fairest tokenTokenA digital unit of value or access rights tracked on a blockchain. Tokens can represent ownership in a project, a right to use a service, a share of future revenue, or simply a tradable asset with no underlying claim.Like a physical poker chip a casino issues. The chip itself has no value. What makes it worth something is what it lets you do at the casino, what the casino has promised, and how much other people will pay you for it.Token in the glossary → distributions in all of crypto.

Value proposition

Six years of operational infrastructure across 66+ countries by Flux’s count, launched without a cent of pre-mine or ICO. Two pillars hold this up: verifiable infrastructure and demonstrably fair distributionFair LaunchA token launch where everyone has the same access from day one. No private sale, no insider allocation, no VC discount. Tokens are distributed by mining, staking, or open public sale at a single price.Like a 100m sprint where everyone starts behind the same line at the same time. Some runners are faster, but nobody gets to start 10 metres ahead because they paid extra. The race is decided by the run, not by who bought the best position.Fair Launch in the glossary →.

Infrastructure and PoUW v2

The infrastructure is concrete. Flux’s own node list counts 7,024 nodes (3,472 Cumulus, 1,684 Nimbus and 1,868 Stratus). Flux says more than 560 independent providers run them, which the data allows: the nodes pay out to 850 distinct addresses, an upper bound on independent operators. The Flux dashboard also reports 58,300 CPU cores, 192 TB RAM and 3.2 PB SSD storage, and nodes are hardware-benchmarked with a 97% uptime requirement.

The October 2025 soft forkForkA point at which a blockchain or its software splits into two separate paths. Forks can be temporary (two valid blocks compete and one wins), planned (a software upgrade), or contentious (a community split into two chains).Like a road that splits in two. Sometimes the split is just a temporary detour and traffic merges back. Sometimes it's a permanent fork where different drivers go different ways and never meet again.Fork in the glossary → to Proof of Useful WorkProof of Useful WorkA consensus mechanism where the computational effort that secures the network is directed at a useful task (rendering, scientific computing, AI inference) rather than arbitrary hash puzzles. Aims to make PoW productive instead of wasteful.Like paying lifeguards to also clean the pool. Instead of paying them to sit on a chair doing nothing, you get the same security plus a clean pool. The challenge is making sure the pool cleaning doesn't compromise their ability to actually rescue swimmers.Proof of Useful Work in the glossary → v2 (PoUW v2) was significant. It replaced traditional GPU mining with useful compute work, reducing block time from 2 minutes to 30 seconds while making the mining process productive rather than purely hash-oriented.

Progressive Node Rewards are Flux’s plan to pay node operatorsValidatorA computer that runs the full blockchain protocol, verifies transactions, and proposes new blocks. Validators are the workers that keep a Proof of Stake network running, and they earn rewards for doing the work correctly.Like a notary public who witnesses and stamps legal documents. Validators witness transactions, check they follow the rules, and stamp them into the permanent record. A notary who commits fraud loses their license. Validators work the same way, except the license is staked tokens that get slashed on misbehaviour.Validator in the glossary → from usage. Flux’s 20 September 2026 post says that from 1 July 2027, at block 3,787,502, consensus will take 20% of each application payment into an operator pool, with the other 80% going to the Foundation address. Until then, operator income is block rewards alone.

The counter-narrative: demand, declining nodes, governance gaps

The demand side is harder to read than this review used to say. Flux’s global app registry holds 2,173 unexpired deployment specifications from 1,627 owners. That is a different and much larger measure than the roughly 100 live apps we once quoted. Those are entries on Flux’s own API, so they show who has registered deployments, not how many serve real traffic, and the largest single owner holds 193 of them. Node revenue still comes mainly from block rewards rather than paid compute.

Node count tells the story. From a peak of 14,000+ nodes, the network is down to 7,024 on Flux’s node list. Operators are leaving, likely because the economics don’t work when revenue depends primarily on inflationary block rewardsEmissionsNew tokens created and distributed by a blockchain protocol over time as rewards to validators, stakers, or miners. Emissions fund network security and participation at the cost of diluting existing holders.Like a company that pays employees partly in newly printed shares. Every year the total number of shares goes up, which means existing shareholders own a slightly smaller slice of the same company unless the company grows faster than the printing.Emissions in the glossary → rather than actual compute demand.

The co-founder departure adds uncertainty. Parker Honeyman resigned as director on 20 February 2025 with no public explanation. When a co-founder quietly exits a six-year project, that warrants attention.

The company behind the brand is in administration. The administrators’ proposals, filed on 21 September 2026, record a pre-pack sale on 4 September of the business and certain assets, including Zelcore, to Influx Technologies USA LLC. The buyer is a connected party: it shares directors with the company and is its sole shareholder. HMRC presented a winding-up petition on 6 March 2026 over unpaid corporation tax, and the administrators name it the only established creditor.

The nodes are independently run, so the network sits outside the administration, but the legal exposure follows the business. Iagon Ltd is suing both the UK company and the Delaware parent for patent infringement at the Unified Patent Court’s Munich local division (UPC_CFI_2280/2025), and the administrators say they won’t spend creditors’ money defending it.

FluxEdge (the AI/GPU compute play) only recently graduated from alpha. In a market where Akash, Render, and io.net have years of head start on GPU compute, Flux is late. Notably, Flux and Akash co-authored compute infrastructure research in 2025, a sign of mutual respect, but also an acknowledgment that neither has solved the demand problem alone.

The max supply was increased from 440 million to 560 million via the PoUW v2 fork, a 27% dilution. How this change was governed and voted on isn’t well-documented, which is concerning for a project that prides itself on community ownership.

Tokenomics

FLUX has a maximum supply of 560 million tokens, increased from 440M via the October 2025 PoUW v2 fork, and the large majority of it is now circulating (current figure in the fact strip above). Note that CoinGecko still lists the pre-fork 440M max for FLUX; the 560M figure is the correct post-fork cap.

Distribution: 94.7% user-owned (mining distribution), 2.9% Flux Foundation, 1.7% exchange liquidityLiquidityHow easily a token can be bought or sold without moving the price. High liquidity means you can enter or exit large positions quickly at the quoted price. Low liquidity means even small trades can swing the market.Like the difference between selling a house and selling a share of Apple stock. The house might be worth more on paper, but finding a buyer at that price takes weeks. The Apple share converts to cash in one click.Liquidity in the glossary →, 0.7% team. This is among the fairest allocations in crypto, comparable to Bitcoin’s mining-only distribution.

Block rewards are 14 FLUX per block with 30-second block time (~40,320 FLUX daily). Distribution: Stratus nodes 64.3%, Nimbus 25%, Cumulus 7.1%, Foundation 3.6%. A 10% annual emission reduction targets 1% long-term inflation by 2036.

Node collateral requirements create significant lock-upVestingA schedule that locks up tokens allocated to insiders, investors, and team members, releasing them gradually over months or years. Vesting prevents insiders from dumping on public buyers immediately after launch.Like a new employee's stock options at a startup. You don't get all the shares on day one. They unlock over four years so you stick around and do the work rather than cashing out and leaving.Vesting in the glossary →: Cumulus (1,000 FLUX), Nimbus (12,500), Stratus (40,000). Multiplying those tiers by the 24 September 2026 node list gives about 89 million FLUX locked in node collateral, roughly 21% of the 430 million mined (circulating supplyCirculating SupplyThe number of tokens currently in circulation and tradeable on the open market. Differs from total supply (which includes locked or unvested tokens) and max supply (the upper limit, if there is one).Like the number of cars on the road today versus the number ever produced. Some are in showrooms, some in junkyards, some still at the factory. Only the ones on the road count toward what people are actually driving.Circulating Supply in the glossary →) on the Flux explorer. Titan fractional staking allows participation from just 50 FLUX with 3, 6, or 12-month lock-ups.

No burn mechanism has been documented despite references to “burning, locking, and staking” in project materials. Value accrual is primarily through collateral lock-up and the future revenue-sharing via Progressive Node Rewards.

FLUX is down more than 95% from its ATHATHAll-Time High. The highest price a token has ever reached. ATH is usually quoted as a reference point for how far the current price has fallen (or risen) since the peak.Like the record lap time on a racetrack. It tells you what the car has been capable of at its absolute best, not what it will do today. Whether that record gets broken again depends on conditions that may or may not come back.ATH in the glossary → of $3.33 in January 2022. Listed on Binance, Kraken, KuCoin, Gate.io, and Crypto.com. Available on ten chains via parallel assets, which Flux plans to cut to two by August 2027. Market cap is modest relative to the infrastructure deployed.

How to participate

Run a FluxNode. Choose a tier: Cumulus (1,000 FLUX, 2 cores, 8GB RAM), Nimbus (12,500 FLUX, 4 cores, 32GB), or Stratus (40,000 FLUX, 8 cores, 64GB). Earn block rewards. 97% uptime required. Upgrade to ArcaneOS for Progressive Node Rewards eligibility. Technical skill: advanced.

Titan Staking. Minimum 50 FLUX. Lock for 3, 6, or 12 months. Managed by InFlux Technologies. Rewards distributed twice weekly. Technical skill: basic.

Deploy Applications. Use FluxCloud to deploy containerised dApps or FluxEdge for GPU compute. Pay in FLUX. Technical skill: intermediate.

Governance. Participate in XDAO voting. Currently weighted towards node operators. XDAO 2.0 planned to extend to all FLUX holders. Technical skill: basic.

Flux GPU mining: how it works and what you can earn

Flux is one of the few remaining fair-launched, mineable crypto projects with credible compute infrastructure behind it. If you are looking at GPU mining in the DeAIDeAIDecentralised AI. An umbrella term for blockchain-based projects that build AI infrastructure (compute, data, inference, models, agents) without a single central provider controlling the system.Like the difference between streaming a movie from Netflix and sharing it via BitTorrent. Netflix is fast and polished but one company controls what you can watch and what you pay. BitTorrent is messier but no single operator can shut you out.DeAI in the glossary → space, Flux is worth understanding because the modelModelA trained neural network that takes inputs (text, images, audio) and produces outputs (more text, classifications, generated content). In DeAI the model is the thing that actually does the work.Like a very experienced apprentice who has spent years watching thousands of masters make furniture. They can't explain how they know when a joint is right, but they can make a chair that looks and functions like a Chippendale. The training is invisible. The output is what matters.Model in the glossary → is fundamentally different from proof-of-work mining on Bitcoin or Ethereum.

How Flux mining works

Since the October 2025 PoUW v2 (Proof of Useful Work) soft fork, Flux replaced traditional GPU hash mining with useful compute work. Block time dropped from 2 minutes to 30 seconds, and the mining process now contributes productive computation rather than burning electricity on meaningless hashes. Flux miners are doing productive work now, not just solving arbitrary puzzles. That’s a significant evolution.

Block rewards are 14 FLUX per block (one block every 30 seconds), producing approximately 40,320 FLUX per day. These rewards are distributed across the node tiers:

• Stratus nodes: 64.3% of block rewards
• Nimbus nodes: 25% of block rewards
• Cumulus nodes: 7.1% of block rewards
• Flux Foundation: 3.6%

A 10% annual emission reduction targets a long-term inflation rate of approximately 1% by 2036.

FluxNode tiers and requirements

Running a FluxNode requires both hardware and FLUX collateral locked on-chain:

Tier	Collateral	CPU	RAM	Storage	Bandwidth
Cumulus	1,000 FLUX	2 cores	8 GB	220 GB SSD	25 Mbps
Nimbus	12,500 FLUX	4 cores	32 GB	440 GB SSD	50 Mbps
Stratus	40,000 FLUX	8 cores	64 GB	880 GB SSD	100 Mbps

Nodes must maintain 97% uptime. If your node goes offline, you stop earning. ArcaneOS (Flux’s secure Docker container OS, released 2025) is required for Progressive Node Rewards eligibility, which Flux plans to fund from 20% of application payments from July 2027.

Titan fractional staking lets you participate from just 50 FLUX without running hardware. Lock periods of 3, 6, or 12 months. Managed by InFlux Technologies. Note this is a centralised custodial option.

The economics: be honest with yourself

Before buying hardware for a Flux node, work the numbers backwards from current FLUX price and your electricity costs.

The daily block reward pool is split across 7,024 nodes. A single Cumulus node earns its proportional share of the 7.1% Cumulus allocation, which at current FLUX prices is slim. A Stratus node gets more, but you have a large FLUX collateral requirement locked plus server hardware and hosting costs.

The honest picture: node economics currently depend heavily on FLUX price appreciation. At current prices, most operators are earning below the cost of running the hardware. This is why node count has declined from 14,000+ to 7,024. Operators who needed immediate returns have left.

Flux mining makes sense if you have a multi-year time horizon and believe in the infrastructure thesis, or if you have existing hardware with spare capacity. It doesn’t make sense as a short-term income play at current token prices.

The parallel mining advantage remains: FLUX can be mined alongside other PoW chains simultaneously, making the marginal cost of adding FLUX mining to an existing operation lower than starting from scratch.

Honest assessment

Freedom Score: 74/100

Flux scores strongly on freedom, driven by its fair-launch origins, extensive node infrastructure, and open source commitment.

Infrastructure Decentralisation: 15/20. 7,024 nodes on Flux’s node list, run by 560+ independent providers by Flux’s count. Hardware-benchmarked, permissionless node operation. PoUW v2 distributes block productionBlockA batch of transactions added to a blockchain at a set interval. Each block cryptographically links to the previous one, creating an append-only chain that can't be rewritten without redoing all the work since.Like a page in a ledger. Every page has a fixed number of entries, every page references the previous page, and once a page is filled and signed off it can't be edited without visibly invalidating every page that came after. The chain is just a very long series of these sealed pages.Block in the glossary → to node operators. No single data centre, though commercial hosts such as Hetzner carry a large share of nodes. Node count declining from 14,000+ peak raises questions. Titan nodes managed by InFlux Technologies are a centralisation vector.

Governance Decentralisation: 12/20. XDAO governance since 2021 with community proposals and 30% quorum requirement. XDAO 2.0 announced to extend voting to all FLUX holders (1:1 governance tokens). Implementation status unclear; the XDAO page returns 404. Core team retains significant influence. Weighted voting favours Stratus operators.

Token Distribution Fairness: 13/15. Fair launch mining (January 2018). No ICO, no pre-mine, no pre-sale. 94.7% user-owned. Team allocation only 0.7%. Foundation 2.9%. One of the fairest distributions in crypto. Max supply increased from 440M to 560M via fork without documented token holder vote, a concern.

Censorship Resistance: 12/15. Permissionless node operation across 66+ countries by Flux’s count. Containerised application deployment. No single entity can shut down the network. ArcaneOS provides encrypted disk space. InFlux manages Titan nodes centrally. The UK operating company entered administration in September 2026 and its business was sold the same day to its Delaware parent. How many registered apps serve real traffic is not visible, so battle-testing is hard to judge.

Data Sovereignty: 10/15. ArcaneOS provides containerised, encrypted application deployment. Users control data within dApps. No centralised data harvesting. FluxAI emphasises privacy. Data sovereignty claims are architecture-level with limited practical documentation. FluxEdge compute may route data through third-party nodes without strong guarantees.

Open Source Transparency: 12/15. 110 non-fork public GitHub repos (189 counting forks), 79 of them with no licence file, in an 18 September 2026 read. Core node software under AGPL-3.0, with some repos MIT. The main repo has 249 stars. The UK operating company has been in administration since September 2026. Halborn audits publicly available. Active development through September 2026. No full-scope FluxOS/FluxCloud protocol audit found.

Returns Score: 57/100

Token Utility: 15/20. FLUX is used for node collateral (1,000-40,000 FLUX locked per tier), FluxCloud deployment payments, FluxEdge compute purchases, Titan staking (50-10,000 FLUX), governance voting, and cross-chain Fusion swaps. Multiple legitimate use cases creating demand. However, FluxCloud publishes no revenue figure, so how much of its registry turns into paid compute demand is unmeasured. Most current utility is collateral lock-up rather than consumption.

Value Accrual: 10/20. Flux plans Progressive Node Rewards from 1 July 2027, routing 20% of each application payment to an ArcaneOS operator pool. Node collateral locks significant supply (about 89M FLUX, roughly a fifth of mined supply, on the September 2026 node list). 10% annual emission reduction. No documented token burnBurnPermanently removing tokens from circulation by sending them to an address that no one controls. Burns reduce total supply, which (all else equal) makes each remaining token worth more of the network's value.Like a company buying back its own shares and shredding them. The company's total value stays the same, but each remaining share now represents a slightly bigger slice of that value.Burn in the glossary → mechanism despite claims. FluxCloud publishes no revenue figure, so its contribution is unmeasured. Value accrual is largely theoretical at current usage levels.

Supply Dynamics: 14/20. 560M max supply, the large majority of it circulating. About 89M locked in node collateral on the September 2026 node list. Titan lock-ups further reduce liquid supply. 10% annual emission reduction targeting 1% inflation by 2036. However, max supply was increased 27% (440M to 560M) via fork, which was dilutive. ~40,320 FLUX daily emissions still entering circulation without sufficient demand to absorb them.

Revenue Sustainability: 8/25. FluxCloud has over a thousand unexpired deployment specs in its registry but publishes no revenue figure, so what it earns is unmeasured. FluxEdge just graduated from alpha. No public revenue figures. Node economics primarily sustained by block rewards (token inflationInflationThe annual rate at which new tokens are created and added to the circulating supply. Most networks use inflation to pay validators, stakers, and infrastructure providers from freshly minted tokens rather than real revenue.Like a landlord who raises the rent every year. If your salary goes up at the same rate, you break even. If it doesn't, you get poorer without noticing, because the number on your payslip hasn't changed but the ground under it has shifted.Inflation in the glossary →), not external revenue. Declining node count (14,000+ to 7,024) suggests operators are leaving due to poor economics. The fundamental thesis (that decentralised compute can compete with AWS on cost and reliability) remains unproven after six years.

Liquidity & Access: 10/15. Listed on Binance, Kraken, KuCoin, Gate.io, Crypto.com. Volume is modest, and a September 2026 CoinGecko read put more than half of it on one venue, GroveX, so turnover says little about depth. Available on ten chains via parallel assets, which Flux plans to cut to two by August 2027. Titan staking accessible from 50 FLUX. More than 95% below ATH and price near historical lows.

Quadrant: B (High Freedom, Low Returns)

Flux sits firmly in Quadrant B: one of the strongest sovereignty plays in decentralised compute, with an unproven commercial model.

Key risks

• Paid demand unmeasured after 6 years. The app registry holds over a thousand deployment specs, but Flux publishes no revenue figure and node income is mostly block rewards.
• Declining node count. From 14,000+ peak to 7,024. Operators are leaving, likely due to poor economics.
• Co-founder departure. Parker Honeyman resigned February 2025 with no public explanation.
• Operating company in administration. InFlux Technologies Limited entered administration on 4 September 2026 after an HMRC winding-up petition, and its business was sold the same day to its Delaware parent.
• Patent litigation. Iagon Ltd’s infringement action at the Unified Patent Court names both the UK company and the Delaware parent.
• More than 95% below ATH. Severe and sustained decline since the January 2022 peak.
• Max supply dilution. Increased 27% from 440M to 560M via fork. Governance of this change unclear.
• Revenue depends on inflation. Node rewards come from block emissions, not compute revenue. When emissions reduce, what sustains operator economics?
• FluxEdge late to market. GPU compute just graduated from alpha. Akash, Render, io.net have years of head start.
• No protocol-level audit. Halborn audited wallets, but no full-scope FluxOS/FluxCloud security audit found.
• Competition. Akash, Render, io.net, and centralised cloud providers. None have solved the demand problem, and Flux is no exception.

Score change log

Date	Score	Change	Reason
2026-10-04	Freedom	Governance 13 → 12 (Freedom 75 → 74, B held)	The UK company that set the roadmap entered administration on 4 Sep 2026 and its business was sold the same day to a connected Delaware LLC that publishes no accounts.
2026-10-04	Data	N/A	Companies House: InFlux Technologies Limited entered administration on 4 Sep 2026 and its business was pre-pack sold to its Delaware parent; Iagon’s UPC patent suit added. “Companies House filings current” and the Cheltenham framing withdrawn. Scores unchanged.
2026-10-04	Data	N/A	Progressive Node Rewards reworded as Flux’s plan from 1 Jul 2027 taking 20% of app payments, not a live 80% FluxCloud share. Parallel assets reworded to Flux’s plan to cut ten chains to two by Aug 2027. Scores unchanged.
2026-09-29	Data	N/A	Registry and hosting findings re-read: 1,823 unexpired app specs from 1,283 owners; 38 payout addresses run half the nodes and GHOSTnet is now the largest IP block. Scores unchanged.
2026-09-24	Score	Freedom 76 to 75	Infrastructure 16 to 15: “no centralised data centres” withdrawn; the ten largest IP blocks host about a third of nodes and the ten largest payout addresses run about 28%.
2026-09-24	Data	N/A	Phase 5 sweep: collateral lock rederived from the live tier counts (~89M FLUX, ~21%, not 114.9M), stale ~8,000 node figures bound, repo counts refreshed from GitHub, GroveX volume concentration noted, 67-country figure attributed to Flux, CoinGecko 440M basis labelled. Scores unchanged.
2026-09-24	Data	N/A	Node count (6,522) and the app registry (1,754 unexpired specs, 1,239 owners) now bound to Flux’s own APIs, refreshed weekly. The “~100 live apps” framing and “no centralised data centres” are withdrawn. Scores unchanged; demand narrative flagged for the monthly.
2026-09-23	Data	N/A	Integrity records re-cut: 2 claims now quote Flux’s own pages verbatim and 6 are our own measurements. Scores unchanged.
2026-09-05	Data	N/A	Fossilising-claim audit. “Approximately 72 employees” is contradicted by InFlux Technologies Limited’s own FY2025 accounts, which record average employees as nil, so the figure is dropped rather than restated. Companies House also shows the four individual PSCs ceased on 31 Jan 2026 and control passed to a Delaware LLC, which the UK-exposure framing did not disclose.
2026-08-15	Data	N/A	Circulating supply de-hardcoded into the live <CirculatingSupply /> component and a bound fact strip. The stated 73.3% was 21.4pp stale against CoinGecko’s 94.73% of max supply. Prose and Supply Dynamics evidence moved to structural language.
2026-08-12	Data	N/A	WS3 open-source verdict added (1->2). RunOnFlux/flux is AGPL-3.0, 249 stars, active across a 180-repo org (match); complements the existing circulating-supply reconciliation from the Flux chain explorer. Scores unchanged.
2026-06-26	Data	N/A	DefiLlama LlamaAI harvest cross-check, verified independently (CoinGecko via coingeckoId zelcash + api.llama.fi). The snapshot cited ownyourmind.ai for both the ATH-decline line and the FluxCloud “negligible revenue” review, so confirming our figures is the priority. Made the echoed ATH figure precise: ~99% below the $3.33 January-2022 high (verified -98.7%), from the rounded “98%”. The FluxCloud ~100-apps / negligible-revenue claim stands (DefiLlama tracks no Flux fees; emissions ~14 FLUX/block at 30s blocks confirmed). Circulating ~73.7% of the 560M post-fork cap (within rounding of the cited 73.3%; CoinGecko still shows the pre-fork 440M cap). No score change.
2026-03-06	Both	N/A	Initial publish. Freedom 76/100, Returns 57/100.