Conflux (CFX)
| Market Cap | $51,513,778 |
|---|---|
| Trading Volume | $2,570,618 |
| Volume / Market Cap | 0.0499 |
| Total Supply | 5,278,164,274 CFX |
| Max Supply | – |
Conflux is currently trading at $0.0246, after a price change of 0.75% in the last 24 hours.
Ranked as cryptocurrency #339 by capitalization today, CFX market cap is valued at $51,513,778. CFX trading volume reached $2,570,618 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on CFX coin price prediction page.
What is Conflux?
Conflux is a permissionless decentralized protocol in China for smart contracts. The platform is enhanced by the Tree-Graph consensus algorithm for parallel transaction processing. The technology enables the network to have a quick validation time and high speeds. Conflux also adds the proof-of-work consensus to its network security system. The protocol features Ethereum Virtual Machine compatibility for support of Solidity-based projects.
CFX is the native token powering the Conflux protocol. The token is used in transaction fees, staking, rent storage, governance, and mining incentives. There are currently 1.69 billion circulating CFX tokens from an uncapped supply of 1,687,339,975.
The initial CFX token supply was 5,000,000,000 at the project launch, out of which 48% were set for pre-mined rewards and airdrops, 41.25% for the founding team and project development, and the remaining 10.75% for investors. The 5 billion tokens were locked at the project’s mainnet debut and are set to be released monthly. Conflux has an on-chain governance mechanism that enables users to get voting rights by locking up tokens for a given period.
Conflux network was founded in 2018 after the success of the Tree-Graph consensus algorithm in the research lab of Dr. Andrew Yao. The project founders are Fan Long, YuanJie Zhang, and Ming Wu.