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What is the issue volume of CFX coin? One article to introduce the application scenarios of CFX coin

CFX coin, the native token of the Conflux Network, serves as a transaction fee, governance tool, collateral, and payment method within the Conflux ecosystem.

Oct 16, 2024 at 05:36 am

Understanding the Issuance and Utility of CFX Coin

1. Issuance volume of CFX coin

The total issuance volume of CFX coin is 10 billion. According to the official tokenomics, the token allocation is as follows:

Ecosystem and community: 40%
Core team and long-term contributors: 20%
Investors (include strategic, seed, private rounds): 20%
Foundation: 15%
R&D treasury: 5%

2. Application scenarios of CFX coin

CFX coin is the native token of the Conflux Network, a high-throughput blockchain platform that supports smart contracts and decentralized applications (dApps). CFX coin serves various purposes within the Conflux ecosystem, including:

Transaction fees: CFX coin is used to pay for transaction fees on the Conflux Network. This includes fees for sending or receiving transactions, deploying smart contracts, and interacting with dApps.

Governance: CFX coin holders can participate in the governance of the Conflux Network through the Conflux Committee, a group of elected delegates responsible for making decisions on network upgrades and policies.

Collateral: CFX coin can be used as collateral to secure loans and other financial instruments built on the Conflux Network.

Reward: CFX coin is distributed as a reward to miners who secure the Conflux Network and to nodes that provide storage and other services.

Payment: CFX coin can be used as payment for goods and services offered by businesses within the Conflux ecosystem, including e-commerce, gaming, and social media.

Access to DeFi platforms: CFX coin can be used to access various decentralized finance (DeFi) platforms built on the Conflux Network, allowing users to lend, borrow, trade, and earn interest on their crypto assets.

Conclusion

CFX coin plays a vital role in the functioning and utility of the Conflux Network. With its limited issuance volume and diverse application scenarios, CFX coin is poised to drive the growth and adoption of the Conflux ecosystem.

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