"AI + DEPIN + GPU" Narrative
➜ What is @fluence_project?
Fluence provides a decentralized, low-cost, and verifiable computing alternative to reduce reliance on centralized cloud services.
➜ The team has extensive experience and has been working since 2017.
➜ Funding status:
Raised $6 million in 2018
Series A funding of $9 million in 2022
➜ Token utility:
The $FLT token has various uses:
Rewarding computing resource providers: Providers earn an average of $10 per core per month, with rewards distributed daily after six months.
Staking to contribute computing resources: Staking $200 per core, a 64-core server requires a stake of $12,800.
Participating in DAO voting
➜ Ecosystem potential:
The growth of @fluence_project is related to the number of GPU cores. At launch, there are 250,000 CPU cores, with an additional 600,000 cores on the waiting list. Deploying this hardware requires $170 million and increases the demand for $FLT tokens.
➜ Comparison with other cloud service providers:
For example, AWS operates over 100 data centers, each with 50,000 CPUs (3 million cores). When Fluence reaches a similar scale, it will require a $600 million deposit in $FLT. This indicates the huge market potential for $FLT tokens within the Fluence ecosystem.
➜ Tokenomics:
Total supply: 1 billion
Circulating supply: 50 million
Initial supply: 5%
Market cap: Only $38 million
Team manages cautiously, no need to worry about FDV:
Early developer rewards 5%: Starting from April 27th
CPU supplier rewards: Locked for 3 months, starting from June 20th
45% of tokens (team + investors) locked until February 2025, linearly released until February 2026
The 5% reward given to developers could lead to significant selling pressure, but I can only say that the project has a broad vision. Anyway, if there are airdrops and no shortage of funds, hold on. The rewards are for diamond hands, believe in the power of belief.