Ecosystem Funds Update
Burning Unused Ecosystem Funds and the Locked Positions of the Founding Team
In order to show the teams’ commitment to building Conflux’s ecosystem, and our confidence about Conflux’s sustainable development, founding members, top scientists and core team, have newly locked 16,699,494 CFX on a voluntary basis. So far 125,414,575 CFX have been locked, all of which will be locked through Sept. 2021 or beyond.
Addresses of locked positions are as follows:
Based on a governance vote held on December 14, 2020, the ecosystem fund will only be utilized for the gas and storage fee sponsorship for 6 months following Conflux (Tethys) Mainnet launch—the remaining part has been burned to the zero address. A new governance vote for usage of the the fund over the next 6–12 months will be held over the upcoming days and posted on our Forum.
The sum of the newly burned tokens is 41,633,333. To date a total of 248,762,407 CFX have been burned.
Multi-sig burning transactions record:
At the time of writing, the total circulation of CFX is approximately 819,190,583. Burned and locked CFX tokens occupy 45.68% of this total circulation.