{"data":{"id":30097,"name":"Fluence","symbol":"FLT","slug":"fluence-network","category":"token","description":"## What Is Fluence? \n\n[Fluence](https://fluence.network/) is the first decentralized “Cloudless” computing platform, providing an open alternative to the giant internet cloud monopolies. Fluence is up to 80% cheaper than cloud providers and is both resilient and verifiable. Fluence assembles excess compute capacity from top tier data centers around the world into a global, always-on DePIN network that is suitable for running a wide range of applications. The platform is open, allowing users to change providers easily, ensuring that prices stay low and service levels are high. \n\nFluence was founded in 2017 and launched mainnet in 2024. It is governed by a DAO in the form of a Swiss Association. \n\n## What is FLT token? \n\nFLT is the platform’s native utility and governance token used for:\n* Staking by compute providers for each added CPU to guarantee network reliability \n* Rewarding compute providers \n* Voting in the DAO governance, including on protocol upgrades and treasury management  \n\n\n## How Many FLT Coins Are There in Circulation?\n\nFLT token launched in February 2024 with 1 billion tokens created at genesis. In its initial month, the supply is capped at 5% for the liquidity bootstrap pool. An additional 5%, the developer reward pool, will unlock two months after the claim date, beginning on April 27th. Compute providers will earn tokens by contributing capacity to the network, for which they will be required to stake FLT tokens. Starting February 2025, approximately 45% of all tokens held by investors and the team will unlock daily until February 2026. \n \n ## Who Are the Founders of Fluence? \n\nFluence founders are Evgeny Ponomarev, Dmitry Kurinskiy, and Tom Trowbridge. Evgeny and Dmitry are seasoned developers and entrepreneurs, with extensive expertise in blockchain and software engineering for over 15 years. 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