Conflux Network - logo
Conflux
CFX
$0.15

Sector

Defi

Exchange Debut

2020-11-14

Market Cap

620,591,498

Maxim Supply

Circulating Supply

4,237,440,614

Circ. Supply(%)

Conflux Network - logo

Conflux

CFX

Price

$0.15

Market Cap

Sector

Exchange Debut

620,591,498
2020-11-14

Volume 24h

High 24h

Low 24h

37632913
0.157345121591
0.138889853391

Change 24h

Change 7d

Change 30d

-6.3273
-14.2086
-7.4245

Maxim supply

Circulating supply

Circulating supply(%)

4,237,440,614

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Conflux cryptocurrency:

 

Based on our fundamental analysis of the Conflux cryptocurrency, we can conclude that Conflux (CFX) is a promising blockchain protocol designed to power decentralized applications (dApps), e-commerce, and Web 3.0 infrastructure. It outperforms existing protocols in terms of scalability, decentralization, and security. By employing the Tree-Graph consensus mechanism and combining Proof-of-Work (PoW) and Proof-of-Stake (PoS) algorithms, Conflux offers an innovative platform for fast, cost-effective asset transfers. Despite its strengths, it has areas for improvement, which is reflected in its final score of 7.50 out of 10.

SOCIAL & MASS MEDIA: Score 7.02 out of 10

Conflux has shown a decent ability to attract followers and maintain community activity on its social media pages. It scores exceptionally well in media presence, which demonstrates its growing recognition. However, activities of social media administrators and community engagement could use some improvement to better boost its online presence.

AUDIT & SECURITY: Score 3.28 out of 10

While Conflux displays transparency in its public information and solid liquidity on exchanges, its audit results are disappointingly low. This highlights the need for enhanced security measures and risk management strategies to instill more confidence among users and investors in the long-term safety of their assets.

TOKENOMICS: Score 5.2 out of 10

In the realm of token economy, Conflux’s monetary mass is somewhat centralized, and its inflationary characteristics might cause concern among potential investors. It is crucial to carefully balance the token supply to maintain a healthy economy within the ecosystem.

ECOSYSTEM DEVELOPMENT: Score 8.6 out of 10

This is one area where Conflux truly shines. Its achievements align well with its objectives, and there are planned developments for the project. These factors indicate a promising future for the fundamental analysis of the Conflux cryptocurrency.

TEAM & DEVELOPERS: Score 8 out of 10

The team behind Conflux is experienced, contributing significantly to its success. Nevertheless, the number of software developers could be improved to foster more innovation and faster growth.

PRODUCT & UTILITY: Score 9.28 out of 10

Conflux’s product utility is excellent, and its tokens play a vital role in the ecosystem. These high scores suggest that the platform offers valuable solutions to its users and holds significant potential for future growth.

PARTNERS & INVESTORS: Score 9.65 out of 10

With a large number of investors and high-quality partners, Conflux exhibits robust support and collaboration, which can significantly aid in its long-term success.

Fundamental analysis of the Conflux cryptocurrency – The final conclusion

Overall, the fundamental analysis of the Conflux cryptocurrency reveals a project with strong potential, despite a few areas of concern. Its strengths lie in ecosystem development, product utility, and robust partnerships. However, it’s crucial for Conflux to address its relatively low security audit score to enhance investor trust. The project’s tokenomics also require attention to ensure a stable and healthy monetary environment.

In terms of investment opportunities, Conflux presents a potentially profitable option for those willing to accept the associated risks, particularly considering the inflationary nature of the token and the current audit results. However, its overall solid performance in ecosystem development, team competence, product utility, and partnership strength may outweigh these potential risks for some investors. Therefore, as with any investment, potential investors should thoroughly evaluate all aspects of Conflux before making a decision.

What is Conflux?

 

Understanding Conflux (CFX)

Conflux (CFX) is a public layer-1 blockchain designed to power decentralized applications (dApps), e-commerce, and Web 3.0 infrastructure. Its key goal is to offer better scalability, decentralization, and security than existing protocols. The platform utilizes a unique consensus mechanism called the Tree-Graph, a mix of Proof-of-Work (PoW) and Proof-of-Stake (PoS) algorithms. It supports Turing-complete smart contracts, similar to Ethereum, and is compatible with the Ethereum Virtual Machine (EVM). CFX, the platform’s native token, serves to incentivize user engagement.

Unique Features of Conflux (CFX)

The fundamental analysis of the Conflux cryptocurrency reveals unique features that address several industry challenges. Its cross-chain protocol, ShuttleFlow, enables asset transfer between Conflux and other networks like Ethereum and Binance Smart Chain. This makes Conflux a hub for developers looking for a scalable, secure, and censorship-resistant network. The platform can process 300–6000 transactions per second (TPS), thanks to the Tree-Graph consensus algorithm and its capability for parallel processing.

Economic Model of Conflux

Conflux’s Fee Sponsorship Mechanism ensures lower transaction fees by letting sponsors cover costs, thereby aiding users with negative balances. Additionally, it integrates a staking system offering passive rewards to those who stake their tokens. This system is less risky than trading, providing more consistent returns. It also serves as a financial framework for dApp development.

Fundamental analysis of the Conflux cryptocurrency

Conflux - CFX performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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