Conflux is a permissionless Layer 1 blockchain connecting decentralized economies across borders and protocols. Recently migrated to hybrid PoW/PoS consensus, Conflux provides a fast, secure, and scalable blockchain environment with zero congestion, low fees, and improved network security.
As the only regulatory compliant public blockchain in China, Conflux provides a unique advantage for projects building and expanding into Asia. In the region, Conflux has collaborated with global brands and government entities on blockchain and metaverse initiatives, including the city of Shanghai, McDonald's China, and Oreos.
CFX is the native token for the Conflux Network. It is a hard-capped scarce asset used to pay fees, and secure the network through staking. Each CFX contains 10^18 Drip. Transactions on Conflux are handled similarly to those on the Ethereum network, with CFX playing a similar role as ETH. Users submit a contract with a gas limit and a gas price; the latter is denominated in CFX.
Users can interact with Conflux Network ecosystem applications through wallets. Users can use CFX to participate in governance votes, stake their tokens to earn network interest, or pay for the network's storage and transaction fees.CFX can be staked at any of the Staking Pools operated by the Conflux community. For the latest information please view the Conflux Forum
Above are only for introduction, not intended as investment advice.
Explore the tokenomics of Conflux (CFX) and review the project details below.
What is the allocation for Conflux (CFX)?
Conflux (CFX) is a layer-1 blockchain optimized for performance, facilitating the seamless deployment of smart contracts and DApps. The native currency of this ecosystem is CFX, serving transactional, staking, and governance purposes. With a total intended supply of 10 billion CFX tokens, the initial allocation was planned as:
- 40% is allocated to Ecological Fund
- 36% is allocated to Core team and Investor
- 16% is allocated to Private investors and reserves
- 8% is allocated to Community
What is the supply schedule for Conflux (CFX)?
With an initial total supply of 5 billion CFX, the schedule for distribution is as follows:
- 16% to private investors, unlock over 2 years.
- 36% to the team and investors, unlock over 4 years.
- 8% allocated as rewards for the community, distributed over 4 years.
- 40% allocated to Dapps to support the ecosystem, distributed over 4 years.
Furthermore, the CFX token has no maximum supply, and the inflation rate is 2.9% per year.
Conflux is a permissionless Layer 1 blockchain connecting decentralized economies across borders and protocols. Recently migrated to hybrid PoW/PoS consensus, Conflux provides a fast, secure, and scalable blockchain environment with zero congestion, low fees, and improved network security.
As the only regulatory compliant public blockchain in China, Conflux provides a unique advantage for projects building and expanding into Asia. In the region, Conflux has collaborated with global brands and government entities on blockchain and metaverse initiatives, including the city of Shanghai, McDonald's China, and Oreos.
CFX is the native token for the Conflux Network. It is a hard-capped scarce asset used to pay fees, and secure the network through staking. Each CFX contains 10^18 Drip. Transactions on Conflux are handled similarly to those on the Ethereum network, with CFX playing a similar role as ETH. Users submit a contract with a gas limit and a gas price; the latter is denominated in CFX.
Users can interact with Conflux Network ecosystem applications through wallets. Users can use CFX to participate in governance votes, stake their tokens to earn network interest, or pay for the network's storage and transaction fees.CFX can be staked at any of the Staking Pools operated by the Conflux community. For the latest information please view the Conflux Forum
Above are only for introduction, not intended as investment advice.