How to TradeConflux(CFX)

Fan Long (Ph.D. MIT) and a team of scientists from Tsinghua University founded the Conflux Foundation in 2018, with Turing Award winner Prof. Andrew Yao serving as Chief Scientist. In December 2018, they raised $35M from leading investors such as Sequoia Capital China and Baidu Ventures.

Conflux officially launched its mainnet in October 2020, with the CFX token starting trade at approximately $0.08. It became the first government-recognized public blockchain in Chinese history.

CFX surged to an all-time high of $1.70 on March 27, 2021, during the global crypto bull run, before falling back below $1.00 in May and closing the year at $0.199. This period introduced Conflux to global investors as the 'Chinese Ethereum.'

In January 2021, Conflux received a $5M research grant from the Shanghai Science and Technology Committee and the Xuhui District government. This was a clear signal that Conflux was being established as a primary blockchain infrastructure for China.

On February 15, 2023, Conflux announced a partnership with China Telecom (390M subscribers) to develop a Blockchain SIM Card (BSIM) that can store private keys and perform digital signatures on the card itself, ensuring private keys never leave the card. CFX surged over 310% within a week.

On May 16, 2023, China Telecom and Conflux officially launched the BSIM card at an event in Shanghai. The BSIM card offers 10-20 times more storage and performance than standard SIM cards. Additionally, a partnership with Little Red Book (Xiaohongshu), a social media platform with 200 million users, allowed users to mint NFTs on Conflux.

In January 2024, Conflux Network launched an EVM-compatible Bitcoin Layer 2 solution. By combining Bitcoin's strengths with Conflux's PoS-based staking and EVM compatibility, it increased interoperability between the Bitcoin ecosystem and DeFi on Conflux.