CFX
Conflux Token
CFX

Conflux Token price

in TRY
₺8.5172
-₺0.07226 (-0.85%)
TRY
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Market cap
₺43.84B #56
Circulating supply
5.12B / 5.69B
All-time high
₺69.0397
24h volume
₺10.95B
2.9 / 5
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About Conflux Token

DeFi
Proof of Work
Official website
White Paper
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Last audit: Sep 4, 2020, (UTC+8)

Conflux Token’s price performance

24% better than the stock market
Past year
+34.92%
₺6.31
3 months
+172.51%
₺3.13
30 days
+171.63%
₺3.14
7 days
+16.29%
₺7.32

Conflux Token on socials

加密橘子🍊cryporange 🔆
加密橘子🍊cryporange 🔆
I've been using this strategy for a while, and it's a variant of the Dobit Empty Cottage I've been talking about before. This strategy is actually more comfortable when the market is relatively average. There is also a little trick to find the target, Binance Homepage - New Currency Listing - Contracts. Screen some garbage with high market capitalization, only contracts without spot, and divide positions with low double shorts. Treat your position as a hedge fund. In fact, many teachers and KOLs are now making orders, just grabbing Binance and Han So's new coins, and a short new launch has a certain intensity and liquidity time, which is a lot shorter. Following a very simple basic idea is just gambling, and he didn't send it to you when he lost. I don't like gambling. After the market-making intensity period, you can try to take a short stop loss when you observe the distribution signal while waiting. Picture from @Michael_Liu93
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0xSun
0xSun
At present, the long and short divergence is serious, I opened a hedging trade, long ETH, short a package of copycats, the position is about 1:1, and I will exchange ideas with you. My logic is that ETH is the engine of this round of rise that began at the end of June, and the main driving force is that institutions follow the micro-strategy and purchase ETH through currency stock financing, and the other is the stablecoin narrative, which is the relevant core infrastructure and settlement layer. Referring to the previous process of buying BTC with micro-strategies and driving prices all the way up, in the end, most altcoins are far from outperforming BTC. This part of the funds used by currency stocks and institutions to buy ETH is also unlikely to spill over to other altcoins. According to CMC, only 20 of the top 200 tokens have risen more than ETH in the past 30 days, including Bonk, Zora, CFX, and ENA, which are obviously driven by positive events. In terms of copycat selection, follow the logic of previous shorting, give priority to those with high market capitalization, non-leader, weak move, and low presence, and disperse short selling, set stop losses, and prevent single targets from exploding. If the market continues to be bullish in the second half of the year, I believe there is a high probability that it will still be driven by ETH, and if it goes bearish, I don't think the copycats can be alone, and ETH at least has the purchasing power of institutions. It will lead to the failure of this hedging idea, either the altcoin season is really coming, most of the altcoins continue to outperform ETH, or ETH fluctuates or leads the decline, while other altcoins do not fall much, according to the experience of the past few months, I think the possibility is small.
6.14K
10
0xAixHo
0xAixHo
A clear hedging trade idea: go long on $ETH and short a basket of overvalued altcoins. Right now, $ETH is indeed the structural main character of this market trend, with ETF fund inflows, on-chain activity, and narrative heat all stronger than other sectors. I’d like to add a few of my own observations: 1. Recently, the net inflow of $ETH ETFs has been positive for 19 consecutive days, totaling over $5.4 billion, while the growth rate of $BTC has slowed during the same period, indicating that funds are clearly leaning towards $ETH; 2. Altcoins lack a sustained narrative, mostly relying on event-driven short spikes, with $ZORA, $ENA, and $BONK being typical examples that can't drive the sector; 3. If this trend continues, $ETH is very likely to play the role of the target for institutional entry in this market cycle, while altcoins seem to be treated as chips for distribution. Currently, I also lean towards a structurally bullish view on $ETH, and my strategy model has created a combination of long $ETH + short weak narrative altcoins, mainly to guard against altcoin crashes and to reduce volatility. 1) If the market continues to rally, $ETH is likely still the main character. 2) If the market weakens, $ETH at least has institutions as a backing. 3) Altcoins, on the other hand, are like a scripted game, performing one act at a time. So I believe this idea is not about seeking thrills, but rather one of the most cost-effective operations under the current structure.
0xSun
0xSun
At present, the long and short divergence is serious, I opened a hedging trade, long ETH, short a package of copycats, the position is about 1:1, and I will exchange ideas with you. My logic is that ETH is the engine of this round of rise that began at the end of June, and the main driving force is that institutions follow the micro-strategy and purchase ETH through currency stock financing, and the other is the stablecoin narrative, which is the relevant core infrastructure and settlement layer. Referring to the previous process of buying BTC with micro-strategies and driving prices all the way up, in the end, most altcoins are far from outperforming BTC. This part of the funds used by currency stocks and institutions to buy ETH is also unlikely to spill over to other altcoins. According to CMC, only 20 of the top 200 tokens have risen more than ETH in the past 30 days, including Bonk, Zora, CFX, and ENA, which are obviously driven by positive events. In terms of copycat selection, follow the logic of previous shorting, give priority to those with high market capitalization, non-leader, weak move, and low presence, and disperse short selling, set stop losses, and prevent single targets from exploding. If the market continues to be bullish in the second half of the year, I believe there is a high probability that it will still be driven by ETH, and if it goes bearish, I don't think the copycats can be alone, and ETH at least has the purchasing power of institutions. It will lead to the failure of this hedging idea, either the altcoin season is really coming, most of the altcoins continue to outperform ETH, or ETH fluctuates or leads the decline, while other altcoins do not fall much, according to the experience of the past few months, I think the possibility is small.
20.15K
9
Mrseven.eth
Mrseven.eth
This hedge is also good, but it feels limited to before the fomo market starts, specifically before the big breakthrough of ETH.
0xSun
0xSun
At present, the long and short divergence is serious, I opened a hedging trade, long ETH, short a package of copycats, the position is about 1:1, and I will exchange ideas with you. My logic is that ETH is the engine of this round of rise that began at the end of June, and the main driving force is that institutions follow the micro-strategy and purchase ETH through currency stock financing, and the other is the stablecoin narrative, which is the relevant core infrastructure and settlement layer. Referring to the previous process of buying BTC with micro-strategies and driving prices all the way up, in the end, most altcoins are far from outperforming BTC. This part of the funds used by currency stocks and institutions to buy ETH is also unlikely to spill over to other altcoins. According to CMC, only 20 of the top 200 tokens have risen more than ETH in the past 30 days, including Bonk, Zora, CFX, and ENA, which are obviously driven by positive events. In terms of copycat selection, follow the logic of previous shorting, give priority to those with high market capitalization, non-leader, weak move, and low presence, and disperse short selling, set stop losses, and prevent single targets from exploding. If the market continues to be bullish in the second half of the year, I believe there is a high probability that it will still be driven by ETH, and if it goes bearish, I don't think the copycats can be alone, and ETH at least has the purchasing power of institutions. It will lead to the failure of this hedging idea, either the altcoin season is really coming, most of the altcoins continue to outperform ETH, or ETH fluctuates or leads the decline, while other altcoins do not fall much, according to the experience of the past few months, I think the possibility is small.
5.47K
0
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Conflux Token FAQ

Conflux is a high-performance public blockchain designed to be the bedrock of Web3 applications. Combining scalability, affordability, and comprehensive support for smart contracts and dApps, Conflux facilitates a dynamic and robust decentralized ecosystem.

Conflux combines the best features of Bitcoin and Ethereum to create an advanced and scalable blockchain. It provides users with a platform that offers various possibilities, rewards, and incentives while remaining cost-effective.

Easily buy CFX tokens on the OKX TR cryptocurrency platform. OKX TR’s spot trading terminal includes the CFX/USDT trading pair.

You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for CFX with zero fees and no price slippage by using OKX TR Convert.

Currently, one Conflux Token is worth ₺8.5172. For answers and insight into Conflux Token's price action, you're in the right place. Explore the latest Conflux Token charts and trade responsibly with OKX TR.
Cryptocurrencies, such as Conflux Token, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Conflux Token have been created as well.
Check out our Conflux Token price prediction page to forecast future prices and determine your price targets.

Dive deeper into Conflux Token

In the dynamic landscape of the cryptocurrency industry, the pursuit of Web3, the next evolutionary stage of the internet, is underway. Web3 envisions a decentralized web woven from individual projects, necessitating their interconnectivity for its realization. Amid this landscape, certain projects have gained prominence. Conflux (CFX) stands as a prime example of such innovation.

What is Conflux

Conflux is a public Layer 1 blockchain created to power decentralized apps (dApps), e-commerce, and Web3 infrastructure. With an emphasis on scalability, security, and true decentralization, Conflux takes a unique approach to addressing multiple industry challenges. Through its innovative technical architecture, the project simplifies user and developer interactions with blockchain products, facilitating seamless engagement with its ecosystem.

The Conflux team

​​Established in 2018, Conflux was founded by Fan Long. A skilled programmer with a focus on cybersecurity and blockchain, Long's journey includes a Ph.D. in Computer Science from MIT after completing his studies at Tsinghua University. Co-founding the project alongside Ming Wu (CTO) and YuanJie Zhang, the team expanded to include Guang Yang as its research director and a dynamic mix of scientists, researchers, business managers, and other accomplished professionals.

How does Conflux work

Conflux streamlines the transfer of assets by ensuring swift, efficient transactions free from network congestion. Its scalability ensures minimal transaction costs. This is achieved through its utilization of the Tree-Graph consensus mechanism, which ingeniously blends the strengths of both Proof of Work (PoW) and Proof of Stake (PoS) consensus models. The protocol further employs Turing-complete smart contracts coded in Ethereum's programming language, Solidity, making it compatible with the Ethereum Virtual Machine (EVM) and widening its applicability.

Conflux’s native token: CFX

Conflux's native cryptocurrency is CFX, which powers the platform and incentivizes users. Launched on October 28, 2020, CFX has an infinite max supply, with a total supply of 5.27 billion.

CFX use cases

The CFX token has diverse utility. It serves as a means to pay transaction fees and as a store of value. Additionally, it offers users opportunities to earn rewards via staking and various miner incentives. Token holders also gain the ability to actively engage in the project's governance through the voting process.

CFX distribution

Conflux Token distributed its supply as follows:

  • 40 percent: Set aside for the project’s ecological fund
  • 36 percent: Kept by the core team and seed investors
  • 16 percent: Allocated to private investors and reserves
  • 8 percent: Community fund

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Market cap
₺43.84B #56
Circulating supply
5.12B / 5.69B
All-time high
₺69.0397
24h volume
₺10.95B
2.9 / 5
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