Cryptocurrency: Flux Partners With Uphold
Flux is partnering strategically with Uphold on the cryptocurrency front to expand trading, liquidity and exchange options for all miners.
As part of an overall goal to expand trading options and enhance flexibility with digital assets in the ecosystem, Flux has partnered with Uphold, an OTC platform, who are widening their support for PoW chains. The partnership highlights Flux’s undying commitment to collaborative efforts, driving adoption and industry growth while also improving product awareness.
Meet Uphold
Uphold is an OTC, digital money platform offering financial services to a global market across over 180 countries. Using a unique “anything to anything” approach, Uphold facilitates transactions across 280+ cryptocurrencies and enables users to trade directly between asset classes in just one click. Uphold also leverages its extensive connections to different exchanges and other trading platforms to offer a robust portfolio of digital assets, including new tokens that may not yet be available elsewhere.
As mined tokens are liquidated, Uphold seeks to internalize that flow before going to market in an effort to minimize the market impact of any sell pressure. Furthermore, many Mining Pools don’t have access to the range of tokens and fiat that are supported on the Uphold platform, providing an opportunity for Uphold to make payouts in various currencies and cryptos all the while empowering the miners directly to withdraw to a US bank account,
Flux’s partnership with Uphold offers significant mutual benefits to users of both platforms and will cut across several aspects, including;
Parallel Assets on Uphold
Because of the partnership, Uphold will be supporting Flux parallel assets on its platform, expanding its portfolio and enabling users to trade $FLUX across different blockchains. The Flux ecosystem currently boasts eleven parallel assets that serve as inter-conversionary bridges to popular blockchains like BSC, Ethereum, Solana, Bitcoin, and even newer blockchains like the Base network. This partnership will also significantly increase the liquidity of $FLUX and its parallel assets, making it easier for users to buy and trade FLUX tokens in various forms.
Uphold on FluxPool
As part of the partnership, Flux will onboard with Uphold OTC to integrate the Uphold link on FluxPool, a community network of cryptocurrency miners who combine their processing power to mine $FLUX, emerging proof of work tokens, and its parallel assets. Flux will also actively promote Uphold’s unique offerings and advantages to its mining community, supporting Uphold’s objective of becoming the US platform offering the widest PoW ecosystem support. thus driving its adoption and creating new opportunities to onboard more miners.
Uphold on FluxEdge
FluxEdge is a decentralized marketplace that targets sectors like AI, machine learning, and rendering. It enables clients to rent computing hardware to execute their projects at affordable prices. To use FluxEdge, users have to fund their accounts either through the fiat payment ramp or through direct deposit using $FLUX. By integrating Uphold link on FluxEdge, users who need to swap other digital assets into $FLUX or its parallel assets before depositing on FluxEdge can safely and conveniently carry out this process using the platform.
Combining Flux’s decentralized cloud infrastructure and other products in its ecosystem with Uphold’s extensive trading platform, the collaboration promises to deliver enhanced cross-functionality, increased accessibility and unlock more opportunities for users across both platforms.
“Our partnership with Uphold marks a crucial milestone for Flux. The collaboration not only enhances the accessibility and liquidity of $FLUX parallel assets but also strengthens our commitment to providing robust decentralized solutions for our users on all fronts. Together, we are setting a new standard for innovation and user experience in the blockchain/cryptocurrency space.” — Daniel Keller, CEO & Co-founder, InFlux Technologies.
For more information on Flux, please join our Discord and check our official website. Visit our marketplace to easily host and run front-ends, nodes, block books, crypto projects, and games with just a few clicks. Flux is very active on Twitter. To participate in Flux’s Proof of Useful Work, check out FluxCore.
Flux is redefining the future of the decentralized Internet by bridging the tech barrier and allowing end-users to interact more easily with the Web3 ecosystem. We are innovating to power the free web smarter, better, and at affordable prices. Join us and build the future today!
