Real-Time CFX Price Update
Conflux (CFX) is currently trading at $0.0734**, with a 24-hour trading volume of **$11,416,071. The token has experienced a 5.82% decrease in the past day but shows a 5.32% increase over the last week. With a circulating supply of 5,098,419,931 CFX, Conflux holds a market capitalization of $374,453,222, ranking at #113 among global cryptocurrencies.
Notably, the current price sits 95.69% below its all-time high while remaining 1,541.07% above its historical low. All data updates in real-time to provide accurate market insights.
What Is Conflux?
Conflux (CFX) serves as the native cryptocurrency for the Conflux Network—a highly scalable public blockchain utilizing a Tree-Graph consensus algorithm. It distinguishes itself as the only public blockchain compliant with Chinese regulatory standards.
The primary functions of CFX include:
- Securing the network through staking mechanisms
- Covering transaction fees within the ecosystem
- Enabling governance participation through token-based voting
The initial distribution of 5 billion genesis tokens allocated:
- 40% to Ecosystem Fund
- 36% to Core Team and Conflux Foundation
- 16% to Private Investors
- 8% to Community Fund
As with all cryptocurrencies, CFX exhibits price volatility. Always conduct thorough research before making investment decisions.
Key Features of Conflux Network
Conflux operates as a Layer-1 solution supporting decentralized application (dApp) development through these technological advantages:
- Hybrid Consensus: Combining Proof-of-Work (PoW) and Proof-of-Stake (PoS) elements
- High Throughput: Near-instant transaction finality with zero congestion
- Enhanced Security: Tree-Graph algorithm preventing 51% attacks
- Regulatory Compliance: Official recognition within Chinese blockchain frameworks
- Cross-Chain Interoperability: Facilitating ecosystem expansion
The network maintains four core principles: openness, inclusivity, permissionless access, and decentralization. Three participant groups sustain operations: direct builders (core team), miners (network security), and ecosystem contributors (community users).
Development Background
Founded in 2018, Conflux's core team includes:
- Long Fan: PhD in Computer Science from Tsinghua University
- Yuanjie Zhang: Alumni of Fudan University and Brandeis University with financial management background
- Ming Wu: PhD in Computer Architecture with 15-year tenure at Microsoft
The project has established partnerships with major exchanges, academic institutions including Tsinghua University and University of Toronto, and received governmental support—providing unique advantages for projects targeting the Chinese market.
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Frequently Asked Questions
What was the highest price ever reached by Conflux?
CFX achieved its all-time high of $1.70 on March 27, 2021—approximately 4 years ago. This represents the peak valuation since its launch.
What is the safest way to store CFX tokens?
Hardware wallets provide the most secure storage solution for long-term holdings. Always purchase hardware directly from authorized manufacturers and never share your recovery phrases.
How does Conflux achieve regulatory compliance?
The network implements specific protocol-level features that align with Chinese blockchain regulations while maintaining decentralization. This unique positioning allows institutional participation.
What exchanges support CFX trading?
Major trading platforms list CFX pairs, but availability varies by region. Always verify regulatory compliance in your jurisdiction before trading.
Can I earn rewards with CFX?
Yes, through staking mechanisms where participants help secure the network and receive rewards proportional to their staked amount.
What makes Conflux's technology unique?
The Tree-Graph consensus algorithm enables higher throughput than conventional blockchains while maintaining security through hybrid PoW/PoS mechanisms.
All data provided represents real-time information and may change rapidly based on market conditions. Always verify current rates before making financial decisions.