Fluence (FLT)

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Decentralized Cloud Computing

Fluence lets developers host scalable apps and APIs on virtual servers with unlimited bandwidth and transparent pricing. It provides enterprise-grade performance for running blockchain nodes, validators, and other applications. Users can rent GPUs for tasks like 3D rendering at lower costs.

Web3 and Blockchain Nodes

Fluence supports the Web3 market by enabling the running of blockchain nodes for layer one, layer two, roll-ups, and other blockchain solutions. This helps maintain decentralized databases essential for blockchain networks.

Decentralized Compute Marketplace

Fluence creates a global marketplace where providers can rent out computing devices, from data centers to personal computers. Providers earn rewards by serving applications and improving network performance through cryptographic proofs.

Token Utility and Governance

The FLT token is used for staking to secure the network, earning rewards, and participating in governance decisions through a decentralized autonomous organization (DAO). Token holders can vote on proposals or delegate their voting power.

AI and Decentralized Applications

Fluence offers decentralized, enterprise-grade compute for AI agents, enabling faster deployment and global scaling. It supports decentralized AI that is transparent, unbiased, and censorship-resistant.

Technology and Integration

Built on an Arbitrum Orbit L2 appchain anchored to Ethereum, Fluence coordinates compute providers with low transaction costs. Compute payments are made in stablecoins, while FLT is used for staking and governance. The platform integrates seamlessly with blockchain workloads and offers transparent pricing.

Advantages

• Fluence is the first decentralized "Cloudless" computing platform, offering an alternative to centralized cloud providers by removing risks like centralized control and censorship.
• It uses a trustless system with crypto-economic incentives and cryptographic proofs, ensuring verifiability and security.
• The platform is cost-effective, claiming to be up to 80% cheaper than traditional cloud services.
• Fluence converts physical servers and GPUs into digital assets, allowing anyone to benefit from global AI compute demand.
• It offers enterprise-grade compute with predictable pricing and unlimited bandwidth.
• The network is community-governed by Fluence DAO, aligning incentives for developers, providers, and stakers.
• Providers can rent out any connected device, from data centers to personal computers, earning rewards for useful work.
• Fluence supports easy switching between providers, promoting competition and better service quality.

Disadvantages

• Fluence’s token price has experienced recent declines and underperformance compared to the broader crypto market.
• The project must convert partnerships into actual orders and financial growth to attract long-term institutional investment.
• Some tokens held by investors and the team are locked and will unlock gradually, which may affect token supply dynamics.
• As a newer decentralized platform, it faces competition from established cloud providers and must prove operational efficiency and pricing power over time.

Founders

Fluence was founded in 2017 by Evgeny Ponomarev, Dmitry Kurinskiy, and Tom Trowbridge. They are experienced developers and entrepreneurs with strong backgrounds in blockchain and software engineering.

• Evgeny Ponomarev is the Co-Founder & COO. He has over a decade of experience in blockchain technology, focusing on crypto-economics and distributed computing.
• Tom Trowbridge is the Co-Founder & CEO. He was the President of Hedera Hashgraph (HBAR) and has a background in scaling blockchain ventures and investing in DePIN projects.
• Dmitry Kurinskiy is the Co-Founder & CTO. He specializes in blockchain, distributed systems, and designed Fluence’s trustless compute framework.

Leadership Team

• Bernhard Borges serves as Chief Scientist, bringing expertise in distributed systems and game theory to the project.

Investors in Fluence

Fluence has raised $11 million from a group of investors including Arweave, Inception Capital (British Virgin Islands), M31 Capital Partners, Multicoin Capital, and PL Capital (United States). In total, there are 16 investors who have contributed funding to Fluence Network. Cloudless Labs, the company that developed Fluence, has also secured funding from various investors to support the project’s development and launch.

Halal Status of Fluence

• Yes, Fluence can be considered halal because it is a utility token used for decentralized cloud computing services, staking, and governance without involving interest (riba) or gambling (maisir).
• It connects real-world assets and decentralized finance in a way that supports economic sustainability and utility-led tokenomics.
• The token is used to access and coordinate computing resources, which aligns with permissible business activities under Islamic finance principles.
• However, as with all cryptocurrencies, the halal status depends on how the token is used and individual circumstances, so consulting a qualified Islamic finance scholar is recommended for personal decisions.