Conflux network token $CFX dubbed as Chinese $MATIC up almost 20% on new burning proposal conflux cfx polygon matic polygonmatic
to burn CFX was put forward by the chief technology officer of Conflux Network . In pursuit of improving the tokenomics of the Chinese blockchain, Ming Wu proposed burning a portion of CFX, which is storage collateral. In turn, the price of the token, dubbed China'sConflux Network
token gained its nickname after it was revealed that this particular blockchain would be integrated into China's Instagram analogue, XiaohongShu, to bring NFT functionality to the platform. On the blast wave from this news, CFX quotes soared by more than 90% in one day, rising in value from $0.031 to $0.083 at the peak.
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