$CFX

CFX is the native cryptocurrency of the Conflux Network and has the following use cases:

Native Currency of Conflux

CFX serves as the native currency on the Conflux Network. Users need CFX to pay transaction fees when interacting with dApps, executing smart contracts, or utilizing the features of the Conflux blockchain. It is a utility token that facilitates value transfer and incentivizes network participants.

Incentive Token for Miners

CFX is also distributed as a reward to miners who contribute to the security and validation of the Conflux network. Miners receive CFX tokens for their efforts in validating transactions and producing new blocks, supporting the PoW consensus mechanism of Conflux Network.

Stake CFX on Conflux Network

Conflux Network incorporates an enhanced PoW with a PoS finality consensus model. Users can stake their CFX tokens on the network and earn rewards by participating in the staking process. This mechanism allows users to grow their CFX holdings and contribute to the network's security and decentralization.