Flax (XFX) – A New Green Cryptocurrency

What is Flax?

Flax is a direct fork of the Chia™ Network codebase built by space farmers as a fully decentralized alternative green cryptocurrency that can be secured alongside Chia™ while consuming negligible additional power.

We aim to be a community-driven fork reflecting the will of our users, while promoting and recognizing excellent contributions to the Chia and Flax user communities. Flax is not affiliated with Chia Network, Inc., but builds on their great open-source work.

Flax Light wallet released!

We recently released the Flax Light Wallet which lets you send and receive Flax (XFX) without syncing a full node. As of Flax 0.1.6 and above, this is integrated as a startup option of the main Flax client.

Download the combination client

What is your technology?

Right now, we do not make any changes to the Chia™ Network consensus protocol [1] [2], and we plan to closely follow the upstream project’s release cadence, with a target delay of at most a week following each Chia™ Network release.

Can I farm Flax with my existing Chia™ plots? What about NFT plots?

Yes, existing Chia™ plots can be used to farm on the Flax Network. For the safety of your valuable private keys, we encourage you to audit the Flax source code (see the diff between Flax 0.1.11 and upstream Chia 1.6.1) before deciding to run Flax. If you are unable to evaluate the security of our changes, we recommend that you use separate private keys and plots to farm Flax.

As of version 0.1.1 and above, we support farming with NFT plots for the entire 2 XFX reward. You will get the 0.25 XFX farmer reward per block immediately, and the remaining 1.75 XFX pool reward will enter your wallet after one week. You can track NFT reward payout status on the Flax Explorer.

What is Flax’s emission schedule? Is there a premine?

Flax operates with the same emission schedule as Chia™, where 2 Flax will be minted per block targeting 4,608 blocks per day for the chain’s first 3 years, halving every 3 years until reaching 0.125 Flax per block. Flax has a transparent developer premine of 210,000 flax to support development and cloud infrastructure costs (23 days vs. Chia’s 21 years), and a community developer pool of 90,000 Flax to reward community contributions to Flax and Chia™.

What is the Flax community developer pool?

The project aims to award 100 Flax (XFX) each week as brownie points to developers of excellent contributions to the Chia and Flax ecosystems. This includes great work to plotter performance, dashboarding and monitoring tools, among other possible contributions. This doesn’t have strict criteria and will be driven by community demand (join our subreddit and Discord!).

What is the value of Flax (XFX)?

Cryptocurrency has no intrinsic value. Its value doesn’t come from any person or corporate entity but from broad community support as well as supply and demand. We aim to build a great community by users for users. The value of XFX is currently unknown without an exchange listing, and you should treat it as worthless internet brownie points in the most probable case. Please don’t buy new hardware to farm Flax.