$CFX Below is a text with more than 100 words about **\$CFX**, the native token of the Conflux network:
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**CFX** is the official token of the **Conflux Network**, a public layer-1 blockchain designed for high scalability, security, and compatibility with the Ethereum ecosystem. Its technical differentiator lies in the **Tree-Graph** consensus, which processes blocks in parallel, allowing for up to **6,000 transactions per second (TPS)** with low fees ([coins.ph][1]).
The network employs a hybrid model of **Proof of Work (PoW)** and **Proof of Stake (PoS)**, where miners receive about **1 CFX per block** and stakers earn yields through staking and governance via DAO, being able to adjust parameters such as inflation and token burning ([Binance][2]).
The **CFX** token serves several essential functions:
* Payment of transaction and storage fees.
* Participation in governance with voting proportional to staking.
* Incentive for mining and network security ([Binance][2]).
Since its **genesis**, **5 billion CFX tokens** have been issued, distributed among investors, founders, team, ecosystem, and community ([Binance][2]). The annual inflation is moderate (around 1.9 %), partially offset by “burn” mechanisms when fees or storage are paid with CFX ([Bitrue][3]).
The Conflux ecosystem is growing, with over **70 active projects** such as DeFi, NFTs, infrastructure, and development tools. Its strategic partnerships include **China Telecom**, the Shanghai government, and private research institutes, solidifying its unique position as a public blockchain permitted by the Chinese government ([Reddit][4]).
Active users claim that during times of high activity such as NFT launches or partnerships, the network becomes extremely profitable for both miners and participants. A typical report states:
> “Conflux community was incredibly active… miners seeing their profits nearly tenfold higher than usual” ([Reddit][4])