Why I Hold $500,000 Of This Crypto

Why I Hold $500,000 Of This Crypto

I hold $500,000 worth of a crypto called
flux right now now some people hold a
lot more others less but for me this is
a significant portion of my portfolio
totaling over
25% so why hold so much well that’s what
this video is all about first let’s
backtrack I started mining buying and
earning flux over six years ago when I
first found the project the week they
launched and one of my biggest wins with
flux has been running their flux nodes
as of right now I’ve got 12 flux nodes
which at current price prices have been
generating $3500 to $4,300 per month for
the past 3 months so my average monthly
income from these so far this year would
equate to almost $47,000 a year if that
continues which is not a bad passive
income salary last Bull Run flux peaked
at just over $3 and the good news is
that I think it still has a ton of
upside potential if things go well over
the next year or two so what the flux is
flux you ask well imagine a world where
you have an internet that’s not
controlled by major corporations like
Amazon or Google but is instead powered
by us the users wouldn’t that be nice
well that’s the vision that flux is
turning into reality flux is an
infrastructure or dpin project that
combines blockchain as a service and
decentralized Computing all powered by
the flux blockchain and using proof of
work to secure the network this has huge
implications and is one of the main
reasons why flux is one of my top AI
crypto picks even though it’s not
directly AI related but more on that not
in a minute flux is similar to cloud
service providers like Amazon web
services AWS and Google Cloud just a lot
smaller for now the key difference is
that while these Giants use traditional
web 2 as their native environment flux
relies on blockchain technology or what
we call Web 3 this allows flux to take
advantage of some really cool features
that blockchains have to offer such as
greater security and decentralization
you can buy flux but you can also mine
flux which is how I started with flux
and if you buy flux you can’t run nodes
to earn more flux passively it’s a
fluxing cycle and I’ll dig more into the
nodes in a moment the flux coin is used
to buy nodes pay Network fees run
applications on the flux Network and
vote on major decisions via their Dow
but flux is not just about having their
own network flux also runs on a bunch of
different blockchains which include many
of the major ones like ethereum binance
smart chain salana polygon and a bunch
of other ones flux was launched in 2018
as a fork of zcash which itself is a
fork of Bitcoin which is where the proof
of work mining comes from well in March
of 2021 zelcash changed its name to flux
and the zel coin became flux and flux is
a much cooler name in my opinion because
after all the DeLorean and Back to the
Future wasn’t powered by a zel capacitor
the flux capacitor now this change
wasn’t just a Rebrand but an actual full
pivot of the project that put its focus
where it is today the current three
co-founders emerged through this change
in the project they are Daniel Keller to
De is kmenta and Parker hunman as of
recently flux has been transitioning to
a proof of useful work model which will
allow more than just the mining of the
coin to take place on the network it
will let all the miners out there do a
laundry list of other useful tasks as
well and if you want to dive deeper into
flux’s Vision check out this interview I
did with the CEO of flux Daniel Keller
so how does flux fit in with the current
crypto cycle and AI narrative from
making smarter cars to diagnosing
diseases faster than Dr House AI has
been in the spotlight for some time now
and we’ve seen massive gains on AI
themed coins but AI comes with a hefty
price tag one of the biggest issues in
AI development is that there’s not
enough computational infrastructure
which is made even worse by the hardware
shortages and the high cost of gpus I
mean have you seen how much an Nvidia
4090 cost then there’s the problem of AI
becoming centralized in the hands of a
few Tech Giants well interlux and its
Secret Sauce proof of useful work by
slashing the cost of computational grunt
work flux is also opening the doors to
AI for everyone think of it as the
Costco of AI bulk resources wholesale
prices but sorry no flux branded $150
hot dog and Coke yet and don’t worry
I’ve got a million more incredible
marketing ideas where that one came from
flux team if you’re watching and because
flux is decentralized it means that
there’s no single big player that can
monopolize all all the computational
power so how does flux actually work as
I said flux is a proof of work
blockchain with half the flux reward is
going to Miners and the other half going
to flux nodes while the traditional
proof of work miners continue to secure
the flux blockchain proof of useful work
allows miners to rent out some of these
resources and get rewarded with flux in
exchange and instead of all that
computational power going to waste flux
is using it for training AI models
gaming streaming rendering and other
uses this approach not only eases the
pressure on Hardware demand but also
makes scaling infrastructure easier as
the needs of the AI industry growth
flux’s next feature is their Cloud where
instead of your data lounging around in
some Mega corporation’s data center your
information is spread out in nodes all
over the world what’s also cool about
this is it can potentially lower costs
and avoid any single central point of
failure flux has even partnered with
WordPress to host your website in a web
3 friendly and decentralized way making
your website cheaper and faster to host
in fact if you go to flux’s own website
run onf flux.io that site is running on
flux’s cloud which is running on their
node Network and it’s super fast it’s
pretty Rad but here’s where this gets
really cool flux is called an
infrastructure project because it isn’t
just a single blockchain the next
feature is called parallel assets flux
has created something called parallel
assets on 10 other blockchains that will
be interchangeable with the main flux
chain this is great because it helps
flux be interop operable meaning
compatible with a bunch of other chains
but this is also a big deal because it
opens the door for big exchanges to list
them without needing to adopt the main
flux blockchain so less friction like
when binance first listed flux they did
so with the flux token on the binance
smart chain Network and it was super
easy this also means that these flux
tokens were distributed to Holders
across 10 other major blockchain
networks meaning that if you held flux
coins in your zelcore wallet which is
the official flux wallet when they took
a snapshot to distribute these tokens
you could have essentially been aird
dropped these new tokens I’ve made tens
of thousands of dollars because of this
it’s an incredible incentive to be a
part of the flux community and to be a
long-term holder of flux these
Integrations include many of the major
blockchains such as eth binance smart
chain salana Avalanche polygon Tron Etc
to name a few and the latest and perhaps
most important one is flux integrating
with Bitcoin now unfortunately the
snapshot for the Bitcoin flux uh token
has already been taken as of October of
2023 and claiming is expected to be live
in June of this year but don’t worry
though if you miss that one there will
likely be future ones this is also very
important because it makes it a lot
easier for flux to access the immense
Capital locked in ecosystems such as
salana or eth or Bitcoin especially with
the Bitcoin defi narrative heating up
the next feature is their wallets the
flux zelcore wallet can be be used to
store over 250 assets and nfts across
any flux supported blockchains and
integrates directly with major exchanges
this is all in one convenient place but
they also just launched their SSP wallet
or secure simple powerful wallet now
that’s in the earlier stages but it
looks pretty great so far the next flux
feature is flux Labs flux also operates
a web 3 incubation and accelerator
program known as flux Labs which helps
launch new projects within the flux
ecosystem and while this isn’t something
new the standout feature here is its
affordability unlike other initiatives
in the space that demand a hefty amount
of the Project’s tokens for assistance
flux Labs provides IT services at no
cost whatsoever the next feature is the
flux X Dow and the entire flux ecosystem
is governed by it this is a place where
the community can submit and vote on
proposals for the future of flux and
where flux node operators can vote to
accept or reject the proposals so as you
can see there’s a lot of value to be had
in owning a flux node and for me at
least flux nodes are where the magic
really happens flux nodes are real nodes
that have actual tangible utility they
require you to run Hardware that the
flux network will utilize all the D apps
built on flux aren’t hosted on some
massive corporate server instead they’re
powered by flux nodes operated by folks
just like you and me and this is
everywhere around the planet by setting
up a flux node you can contribute to the
Network’s computational power and in
return you earn flux and you know Andy
loves passive income now there are three
types of nodes that you can run and the
best one for you depends on how much
money you are willing to invest the
first tier is a cumulus node and for
this you will need to lock up 1,000 flux
in collateral or about $1,000 USD as of
today and that will earn you
16.8% APR the next one is Nimbus nodes
which require 12,500 flux or about
$122,500 as of today and will earn you
about a 10.4% APR and the biggest ones
are called Stratus nodes which cost a
hefty 40,000 flux or about 40,000 USD as
of today and these will earn about
7.44% per year right now now all of
these returns change as more or less of
each node tier are online I run 11
Stratus nodes and one Nimbus node right
now I had more Nimbus nodes running but
recently I turn those off and I’ll
likely just stand up another Stratus
node because for me less nodes is less
for me to think about and I’m hosting
all of these nodes at node orbit.com and
I don’t just host all my flux nodes at
node orbit I host all of my nodes at
node orbit.com node orbit makes it super
super easy to run nodes when it comes to
flux nodes they do most of the heavy
lifting of the setup for you and the
prices are super reasonable there’s a
link to them down in the description now
flux also gives you a 15% boost in flux
earnings by having the cumulus fraus
add-on you can activate this option by
simply providing at least 10 terabytes
of storage flux is also planning Nimbus
and Stratus practice nodes in the future
but we don’t have any info on that yet
and no ETA and lastly there are Titan
nodes which are a great way for you to
earn more flux without running a fullon
node with as little as 50 flux you can
lock up those coins for between 3 to 12
months and then earn 3.19% to
3.59% and one other important thing to
note here is when I say lock up using
your flux coins to run nodes is kind of
like staking you lock them up in your
zel core wallet but you can unlock them
and spend them or transfer them at any
time you’re in full control of them
there’s no time limit you’re not
spending these coins and never receiving
them back they’re always yours you’re
just temporarily locking them up in
order to run these nodes but let’s get
into the thing you’re probably the most
curious about which is how high do I
think the flux market cap can really go
and therefore how high can the price of
flux go well with deepin being a hot
crypto narrative for 2024 and 2025 I’m
expecting flu to do really well
especially with the AI compute angle the
current dpin market cap is only around
20 to30 billion with flux sitting in at
around $300 million which means flux is
only about 1% slice of the entire dpin
pie and my goodness it’s a tasty pie but
there are already tons of projects using
flux to run their infrastructure these
include big names such as polka dot
Caden Caspa and even smaller caps such
as neoa radiant pre-search and that’s
just to name a few there’s also the
recent flux integration with with
Bitcoin which coincides with the Bitcoin
defi narrative and that can be a super
strong Catalyst all this makes me super
bullish on flux obviously and in this
cycle my pricing Target is around $5 per
flux on the low end which means a 5x
from where we are now that would give it
a $1.5 billion market cap which in my
view is pretty conservative but for me
even this modest market cap would boost
my flux node earnings to over $114,000
per month or
$168,000 per year which is something I’d
be very happy with to say the least but
$5 per flux coin is just my base case
though my bull case for flux cycle will
be $10 to $20 or more per coin and that
would mean a single cumulous node that
you can buy for $11,000 today would be
worth $10 to $20,000 and would be making
almost
$3,400 per year but as per usual don’t
take my word for this dig into it all
yourself and make your own decisions I
just share what I’m doing what I’m
interested in and you should not do too
just because I am crypto is risky and
you need to make responsible decisions
with your own money so while I do love
flux don’t just buy into it because I
like it or because you hear that future
Andy is making almost $200,000 a year
passively with by nodes of course flux
is just one of the many deepin
opportunities right now watch this video
to see a bunch of other incredible
deepin plays that could be big winners
over the next year goodbye

This crypto makes up a pretty substantial part of my crypto portfolio… but why? Well, in this video, I’ll tell you exactly what it is, why I hold so much, and what I think about this project’s future. ▼▼

➤Flux’s website: https://runonflux.io/

➤Where I host all my nodes: https://a.ndy.fyi/NodeOrbit
If you get hosting within the next 2 weeks, get 10% OFF with the code: ANDY

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