FLEX Token

FLEX token will be used to pay for ChainFLEX tools, events, and non-fungible tokens, and to claim rewards. For example, users might be able to pay for CPU rentals, premium NFTs placed for sale by us, or even purchasing PackBreak slots. FLEX will also automatically be deducted from a users FLEX Wallet to pay for TXS based transactions when their TXS balance is insufficient.

FLEX has a maximum supply of 10,000,000 and will be more difficult to obtain than TXS. As outlined in the Token Issuance section of this document, FLEX is purchased by users on a 1-1 ratio to WAX. That means if you pay 10 WAX, you will receive 10 FLEX dropped to your FLEX Wallet. You can calculate the circulating supply of FLEX available on the open market by subtracting the FLEX balance in the flex contract from 10,000,000.

WAX Block™WaxBlock

FLEX Wallets

FLEX is only available to ChainFLEX users in accordance with our tokenomics model. Currently, the only way to receive FLEX is to buy it directly or purchase NFTs using our market tools as outlined in the Token Issuance section.

WAX Block™WaxBlock

FLEX Supply

Withdrawals of FLEX from a FLEX Wallet to a Blockchain Wallet are available to a user when usage exceeds 1000 TXS based transactions, or has a valid paid subscription. Withdrawal fee is 5%. Once FLEX is in a users blockchain wallet it may be traded on Alcor Exchange, used to pay for other services where supported, or deposited back into a FLEX Wallet.