conflux as early as this May 13th, at the Tree Map Eco Conference, founder Long Fan said that the reason Tree Map is focusing on is to build China’s financial digital foundation. 1/ focus on making breakthroughs in agent payment security, and support the ecosystem. 2/ support RWA in this fast-moving space. In theory, both of these storylines fit the current environment, yet the coin price won’t rise! The reason is that mainland China has basically blocked RWA: Hong Kong and other places don’t need this chain, even if it has an offshore RMB stablecoin like ustd0, and there’s also AxCHN. But for the mainland to put things on-chain, and to play around with it, everything is restricted by regulations! So Tree Map $CFX
can reach $2–5 only if there are changes in policy!