Flux has signed a contract with GSR, a global leader in digital asset trading and market-making. GSR will take the Flux financial game to the next level by leveraging the expertise of seasoned veterans in trading, quantitative investments, and trading technology. With the financial development safely in the hands of GSR, the core Flux team can focus solely on building the decentralized web 3.0 of the future.
Flux has had an awesome 2021 so far with many milestone events.
The development team has been relentless in implementing new and innovative features in the Flux ecosystem. We now have parallel assets on multiple blockchains, cross-chain swaps using the Fusion app, XDAO community governance, a new FluxOS UI, tons of new decentralized applications, parallel mining, and much more.
The Flux community has also stepped up. We’ve seen a massive growth of the Flux network that now exceeds 2100 nodes. We’ve got lots of new miners jumping in bringing major increases to the Flux mining hashrate. And the community launched a very successful marketing effort that keeps sharing the good message that Flux is the project to watch if you want to see proper web 3.0 development and innovation in the blockchain space.
And last but not least, Zelcore has also been bringing update after update of exciting new features, new coin support, and new exchange integrations creating what is poised to become the one non-custodial crypto wallet to rule them all.
However, to succeed in the crypto space you have to have more than a great product, a talented development team, and an awesome community. Blockchain is also one of the great financial marketplaces of the World. So, a solid foundation to interact with and make the most of market dynamics is also required in order to grow into a top blockchain project.
This is why Flux has signed a contract with GSR, a global leader in digital asset trading and market-making. GSR will take the Flux financial game to the next level by leveraging the expertise of seasoned veterans in trading, quantitative investments, and trading technology.
GSR has some of the best experts in digital asset trading and now they will be providing their services to build the best possible foundation for Flux to achieve success in the marketplace. GSR provides services such as over-the-counter trading, risk management, and market-making.
As a market maker, GSR will help foster a healthy, liquid, and dynamic market creating many benefits for Flux, such as:
- Increasing market liquidity and order book depth
- More efficient bid-ask spreads in cryptocurrency exchange order books
- More orderly entry and exit points for traders
- Dramatically reduced slippage
- Accommodating large institutional investors
Aside from market-making GSR brings a lot more to the table:
- Additional OTC and trading services
- Advanced trading technology & infrastructure
- Experience, their team has over 100 years in traditional financial markets
- Connectivity: GSR’s trading technology is integrated with 60 crypto exchanges
- Network: custody providers, Defi, banks, exchanges, service providers, trading desks
For Flux this will bring better liquidity across the board, a more stable market, increased market reach, better opportunities for traders, and much more.
So, as stated previously we’re upping our financial game. And the best part is, that with the financial side of things being handled by the experts at GSR, the Flux core team can focus on delivering the decentralized web 3.0 of the future. For you, for us, for everybody.
Join Flux and help build the decentralized future.
That’s it for now. But don’t hesitate to find more information on Flux and join the best independent, community-driven, open-source project building the web 3.0.
Come visit our Flux network dashboard and see how many nodes we’ve got online, check out the massive resources available to the network, see what decentralized apps are running and what the current rewards are for Flux node operators.
Also, make sure to have a look at the official Flux website hosted on the Flux decentralized network.