Conflux is a public, permissionless Layer 1 blockchain designed to bridge decentralized economies across borders. It offers fast, scalable, and robust compatibility with low costs. Notably, Conflux is the only regulatory-compliant, public, and permissionless blockchain in China, providing a unique gateway for projects expanding into Asia. Its distinctive feature is a Proof-of-Work (PoW) consensus mechanism that enables parallel block and transaction processing, achieving throughput speeds of 3,000–6,000 TPS.
What Is CFX Coin?
CFX Coin is the native token of the Conflux platform, launched in 2018 by Dr. Andrew Chi-Chih Yao, a renowned Chinese computer scientist. With a maximum supply of 5,278,164,274 coins, CFX serves multiple functions:
- Payment medium and transaction fee settlement.
- Staking rewards for network validators.
- Storage rental and governance participation.
- Incentives for miners securing the network.
Core Features of Conflux (CFX)
Scalability
- Processes 3,000+ TPS, enabling seamless decentralized applications (dApps).
Diversity
- Supports DeFi protocols, digital assets, commerce apps, and data economies.
Security
- PoW consensus ensures robust protection against protocol-layer attacks.
Tree-Graph Structure
- Processes multiple blocks concurrently, reducing confirmation times and improving throughput.
Advantages of Conflux (CFX)
✅ High Throughput: Tree-Graph algorithm enables parallel processing.
✅ Decentralization: Maintains security without sacrificing scalability.
✅ Cross-Chain Compatibility: ShuttleFlow facilitates asset transfers across chains.
✅ Low Fees: Sponsorship mechanism allows zero-balance wallets to transact.
✅ Transparency: Fully open-source with community-driven governance.
CFX Tokenomics
| Metric | Detail |
|--------------------|---------------------------------|
| Total Supply | 5,278,164,274 CFX |
| Circulating | 2,654,299,854 CFX (2023) |
| Consensus | PoW |
| Launch Price | $0.083 (November 2020) |
Allocation:
- Ecosystem Fund: 40% (4-year vesting).
- Genesis Team: 36% (4-year vesting).
- Private Investors: 12%.
- Community Fund: 8%.
Use Cases:
- Paying transaction fees.
- Earning staking/mining rewards.
- Governance voting.
Conflux Ecosystem
Key dApps:
- Swappi: Leading DEX on Conflux eSpace.
- Goledo: Cross-chain lending protocol.
- Nucleon: CFX staking solution.
- Flux: Decentralized interest-rate protocol.
Developer Tools:
- Fluent Wallet: Web-based asset management.
- Conflux Studio: IDE for smart contracts.
Roadmap
2018: Project launch, $35M fundraising.
2019: Public testnet, Hangzhou hub.
2020: Mainnet phases (Pontus, Oceanus, Tethys).
Team & Investors
Core Team:
- Fan Long (MIT PhD, ACM champion).
- YuanJie Zhang (Wall Street veteran).
- Ming Wu (CTO, ex-Microsoft researcher).
Backers:
Sequoia Capital China, Huobi Capital, DWF Labs.
Where to Buy CFX Coin?
👉 Step 1: Purchase USDT on Binance (or other fiat gateways).
👉 Step 2: Transfer USDT to exchanges like MEXC, Gate.io, or CoinEx to trade for CFX.
Wallet Options
- Hardware: Ledger, Trezor.
- Software: Fluent Wallet, MathWallet.
- Exchange Wallets: Binance, MEXC.
FAQs
Q1: Is Conflux compliant with Chinese regulations?
Yes—it’s the only compliant public blockchain in China.
Q2: What’s CFX’s max supply?
5.27 billion coins.
Q3: How fast is Conflux?
3,000–6,000 TPS, outpacing Ethereum’s ~15 TPS.
Q4: Can I stake CFX?
Yes, with ~4% APY via Nucleon or native staking.
👉 Trade CFX on MEXC for low fees and high liquidity!
Note: Always research before investing. This guide is informational only.