Original | Odaily Planet Daily
Author | How to be a husband
Recently, the Solana Foundation announced the list of winning projects for the 8th Hackathon "Hyperdrive", among which FluxBeam won the championship.
To summarize FluxBeam in one sentence: Design and develop the Telegram Bot Fluxbot for the Solana ecosystem, provide more trading options for tokens on Solana, and open a new traffic entrance for the Solana ecosystem.
This year, Telegram Bot has become an emerging sector, and most of the Bots are built for the Ethereum ecosystem. Other ecosystems that are not compatible with EVM have basically not benefited from the "fresh traffic brought by Telegram".
But the emergence of FluxBot has opened up a new way for Solana to trade tokens. Based on this move, it is not difficult to understand why FluxBeam won the hackathon championship.
Taking advantage of the popularity, FluxBeam immediately issued the token FLUXB. However, after the launch, it suffered a brief Waterloo. The purchase price difference between different investors was very large, causing FLUXB to fall back to the launch price for a time, and then rise again. The price fluctuations also made some investors gain a lot, while other investors are still eager to get their money back.
Below, Odaily Planet Daily starts with the project mechanism of FluxBeam and combines the token economics of FLUXB to briefly introduce FluxBeam.
FluxBot is no different from other bots except that it works for Solana
Fluxbot is a Telegram Bot based on the Solana ecosystem that can guide new users into the Solana ecosystem. Users can trade Solana-based tokens through Fluxbot.
Fluxbot allows users to trade, monitor and manage tokens on Solana, and create and manage limit orders on Telegram. Fluxbot also provides on-chain lending services, which users can access through Marginfi. At the same time, Fluxbot provides a mirror trading option, which can follow the target trader to trade.
In terms of token support, Fluxbot provides services through FluxBeam and token verification through RugCheck. Fluxbot has also developed a Solana token sniper and liquidity pool alert system.
Fluxbot currently supports 10 languages. Since its launch, Fluxbot has attracted more than 1,300 active users, according to official disclosures.
In summary, the highlight of Fluxbot is its support for the Solana ecosystem, but its own functions are not much different from other Telegram Bots.
FLUXB Token Economics
$FLUXB is a blockchain-based token with a total supply of 500 million. According to CoinMarketCap, the initial circulating supply is approximately 433 million. The current price is $0.037 and the FDV is $16.87 million. The initial offering price is difficult to calculate. Since FluxBeam uses robot buying, the price fluctuated greatly in the early stage of the public offering, reaching a high of $0.098 and a low of $0.0018.
FLUXB token distribution details are as follows:
Public Sale: 80% of FLUXB are released immediately upon launch, without waiting for any lock-up period.
User Rewards: 0.5% of supply will be released as user rewards every month over the next 24 months.
Reserve: 5% of FLUXB will be kept as reserve and released strategically as needed.
Pre-release user rewards, consultants and partners: 3% of FLUXB will be released based on performance to reward pre-release users, consultants and partners.
After the release of FLUXB, the Token 2022 standard will be adopted, and a 3% tax will be charged on all buy and sell transactions. This part of the tax will be distributed as follows:
50% to coin holders
25% goes to liquidity providers
25% for team and operating expenses.
It should be noted that users must hold at least 1000 $FLUXB to receive this allocation.
In addition, FLUXB has a special mechanism, namely the Fluxbot fee. In addition to the token tax reward, 40% of all fees collected by Fluxbot will be used to repurchase FLUXB. This part of the repurchased FLUXB will be distributed to users who hold at least $1,000 FLUXB. Users can not only earn income by holding FLUXB, but also get additional income through the subsequent handling fees of Fluxbot.