BENDOG Ben the Dog

Fluence is a decentralized computing platform that aims to provide an alternative to traditional cloud services.

Key features include:

1. “Cloudless” architecture: Utilizes excess compute capacity from data centers worldwide.
2. Cost-effective: Claims to be up to 80% cheaper than traditional cloud providers.
3. Resilient and verifiable: Offers a more transparent and robust infrastructure.
4. Open platform: Allows users to switch providers easily, promoting competition and service quality.
5. Launched: Founded in 2017, with mainnet launch in 2024.
6. Governance: Managed by a DAO structured as a Swiss Association.

FLT Token:

FLT is Fluence’s native utility and governance token with several functions:
1. Staking: Compute providers stake FLT for each CPU added to ensure network reliability.
2. Rewards: Used to compensate compute providers.
3. Governance: Enables voting on protocol upgrades and treasury management.

Token Distribution:
– Total supply: 1 billion FLT tokens created at launch (February 2024).
– Initial circulation: 5% allocated for liquidity bootstrap pool.
– Developer rewards: Additional 5% unlocking two months after claim date (from April 27th).
– Compute provider earnings: Tokens earned for contributing capacity, requiring FLT staking.
– Investor and team tokens: About 45% unlocking daily from February 2025 to February 2026.

This structure aims to balance initial liquidity needs, developer incentives, and long-term token distribution to support the platform’s growth and decentralization goals.