What Is Conflux Token (CFX)?
Conflux Token (CFX) is the native utility and governance token of Conflux Network, a scalable decentralized blockchain platform. CFX serves multiple functions:
- Governance: Token holders vote on network upgrades and policy changes.
- Mining Rewards: Miners earn CFX for validating blocks via the Tree-Graph Proof-of-Work (PoW) consensus.
- Fee Dividends: Transaction fees from smart contract executions are distributed as dividends.
Conflux Network leverages the GHAST protocol to process concurrent blocks efficiently, avoiding forks by adaptively weighting blocks based on their ledger position. Tokens can be minted using:
- CRC-20 (fungible tokens).
- CRC-721 (NFTs).
- CR-1155 (multi-tokens).
CFX Token Metrics
| Key Metric | Value |
|--------------------------|---------------------|
| Current Price (USD) | $0.074056 |
| All-Time High | $1.8109 |
| Market Cap | $155.3 Million |
| 24h Trading Volume | $16.9 Million |
| Contract Address | cfx:acg158kvr8... |
Supply Details
- Circulating Supply: 2.097 Billion CFX.
- Max Supply: 5.285 Billion CFX.
Market Performance & Liquidity
- 24h Price Range: $0.073431 – $0.078064.
Market Depth:
- Buy Orders: $2.45 Million.
- Sell Orders: $1.90 Million.
👉 Track CFX’s real-time price movements for live updates.
CFX Network Features
Technical Specifications
- Consensus: Tree-Graph PoW (Octopus hash function).
- Mineable: Yes.
- Asset Type: Coin (Smart Contract Platform).
Governance & Utility
CFX powers decentralized decision-making and incentivizes network participation, aligning with Conflux’s vision for a high-throughput blockchain.
FAQs
1. How is CFX different from Ethereum?
Conflux uses Tree-Graph PoW for higher scalability (~3,000 TPS) versus Ethereum’s traditional PoW/PoS hybrid, reducing energy use and congestion.
2. Where can I buy CFX?
CFX is listed on major exchanges like OKX, Binance, and Huobi. 👉 Start trading CFX today.
3. Is CFX inflation-controlled?
Yes, CFX’s emission rate decreases over time, with a hard cap of 5.285 billion tokens.
Conclusion
Conflux Token (CFX) combines governance, mining rewards, and fee-sharing in a scalable PoW ecosystem. Its innovative consensus model positions it as a competitive layer-1 solution.
For deeper market insights, 👉 explore CFX liquidity pools.
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