How Many Conflux (CFX) Coins Are There in Circulation?
CFX is Conflux’s native token. It’s used to pay transaction fees, as a value store, and to earn staking rewards and other miner incentives. CFX owners can also take part in the management of the network and have an impact on how it grows and changes.
As of March 2023, there is 2,654,264,782 $CFX in circulation out of a total supply of 5,278,164,274 $CFX.
CFX is distributed as follows: 40% goes to the ecological fund, 36% to the core team and seed investors, 16% to private investors and reserves, and 8% to the community fund.
How Is the Conflux Network Secured?
Conflux uses the original and tried-and-true Proof-of-Work (PoW) consensus mechanism in addition to the cutting-edge Tree-Graph algorithm, ensuring enhanced security at the protocol level and ensuring users safe transactions and attack protection. Also, the network gives miners CFX tokens as a reward for their work and to make sure that Conflux will be reliable in the long run.
