Conflux is a China-based proof-of-work (PoW) network that uses a Turing-comprehensive smart contract language similar to Ethereum. It is based on a technology that processes parallel blocks, resulting in increased transaction throughput and reduced confirmation times. Conflux supports a modified version of Solidity and Ethereum Virtual Machine (EVM) for its smart contracts, making it easy for Ethereum smart contracts to migrate to Conflux.
CFX Tokens
The Conflux network has a unique native token called CFX, which plays a similar role to Ether in the Ethereum network.
- Transactions on Conflux require a gas limit and a gas price, which is denominated in CFX.
- Token holders can earn interest on all illiquid tokens at a fixed rate by wagering them.
- In addition, tokens can be locked in three different ways
- Staking to earn interest
- Constrained storage to purchase network space
- To buy votes in network governance.
Finally, investor tokens are unlocked monthly for two years after the launch of Conflux. If the spot market price of CFX exceeds a certain value, the investor’s tokens can be unlocked in advance to provide liquidity to the CFX market.
CFX has a wide range of apps and partnerships covering DeFi (Not Strong), infrastructure companies, NFTs, and analytics. Recent partnerships include China Telecom for Blockchain SIM cards
Overall, CFX is a moderate case for investing
CFX Price Prediction: Will CFX reach $100?
To reach $100, Conflux will have to go up 345 times. At $100, CFX’s market cap would be $209 billion. If Conflux were to increase at the rate of 25% each year, it would take 27 years to reach $100.
Looking at all the data, it seems unlikely that Conflux will rise to $100. A long-term Burn program might make it easier though.
Conflux Price Forecast 2023-2030
Conflux Price Prediction 2023 is $0.566
Conflux Price Prediction 2024 is $0.684
Conflux Price Prediction 2025 is $0.930
Conflux Price Prediction 2026 is $1.1
Conflux Price Prediction 2027 is $1.4
Conflux Price Prediction 2028 is $1.8
Conflux Price Prediction 2029 is $2.6
Conflux Price Prediction 2030 is $3.7
