Conflux Network

Conflux Network is an advanced Layer 1 blockchain built to prioritize scalability, decentralization, and security, utilizing a unique Tree-Graph consensus mechanism combining Proof of Work (PoW) and Proof of Stake (PoS). At the center of its ecosystem is the $CFX token, which plays a pivotal role in fueling network operations and aligning stakeholders within the Conflux ecosystem. $CFX serves multiple utilities within the network. It is used to pay transaction fees, ensure network security through PoS staking, and reward miners under PoW. CFX holders can also stake tokens to participate in network governance, allowing them to vote on protocol upgrades, pivotal decisions, and ecosystem development. This dual-consensus approach enables Conflux Network to balance energy efficiency with robust scalability, all while promoting decentralization. Conflux Network stands out in the blockchain landscape with its eco-friendly infrastructure and strategic positioning as the only compliant public blockchain within China, enabling partnerships with leading enterprises and government initiatives. CFX tokenomics are designed for sustainable ecosystem development, distributing rewards across miners, stakers, and the community to foster long-term engagement. With a capped total supply of 5 billion CFX tokens, the system ensures controlled inflation to promote scalability and utility. Additionally, $CFX tokens serve as collateral to mint cUSD, a vital component of Conflux’s decentralized finance (DeFi) ecosystem. This mechanism adds liquidity and offers a seamless experience to users within Conflux's vibrant ecosystem of decentralized applications (dApps), NFTs, and cross-border decentralized storage solutions. Through its innovative tokenomics, Conflux Network creates a cohesive ecosystem where $CFX anchors network security, ecosystem growth, and multi-chain compatibility, reinforcing its position as the gateway for Web3 innovation across Asia and the world.