$CFX $CFX is the native token of the Conflux network. Conflux is a Layer 1 blockchain designed to offer scalability, security, and decentralization, enabling fast and low-cost transactions. Its goal is to connect decentralized economies across borders and protocols.

Conflux uses a hybrid consensus mechanism that combines Proof of Work (PoW) and Proof of Stake (PoS). The $CFX token is used for transaction fees, staking, governance, storage rental, and mining rewards.

Conflux seeks to build a multi-chain ecosystem, facilitating seamless connections between different protocols and borders. It is designed to promote scalability, security, and interoperability, while incentivizing users and developers to participate in its ecosystem. Conflux supports decentralized finance (DeFi) applications and cross-chain asset transfers via the ShuttleFlow protocol.

Additionally, Conflux is the only public blockchain that complies with regulations in China, giving it a unique advantage for projects being built and expanded in Asia. It has collaborated with global brands and government entities on blockchain and metaverse initiatives in the region.