Conflux Network
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Conflux Network

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:

cfx:acfb4d6pxc662y8uus8b4kea4g37cfurzymz4z0e19

cfx:acgggd313hdur6f0pxfzyn69mg4wju3gv6pb614x1d

cfx:aat1shgyt7bf0tmjsje2465d83e4jhtu8eb9w8rbb0

cfx:aaryuw8k9pjxyud2parwnh5bb1srnwuvd6rypertuy

cfx:aak0t61kr9vst67pwpv3rhprjaau3dvd4jtzym5mrc

cfx:aan3r2889ukgsx5njruffaxpxvh6nkv7fawjtpykjf

cfx:aanjhbh2t4hbjsej7ahnzgdnt3p9j7085etxbyst1u

cfx:aat1cy4ujbzx1khsd3hwsu2x2fnrfrd6bufah2dfb9

cfx:aajp8bzdc0kf6y8d6mvp4ttavu8pav8hc6wtgx0vbm

cfx:aartyz300uv6fc9ceupjjabn79jgspw6rux6yu4h4w

cfx:aajut905z40mcgrttug5dkvce6yvp5xs5pxy2hh5sm

cfx:aak3ag2cdf85dyk7zpsz658kfgk78w4wve5h3k4ssj

cfx:aattvfjsn0da7vt17rupswmn4d7e02mzgetz7z6t4k

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:

0x2b1176be4e1990c738823026c0e5a7b19b46ec5f6bdaf5011dcec30e53dca696

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.

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Conflux Network

Conflux Network

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Conflux is a PoW + PoS hybrid first layer consensus blockchain for dApps that require speed at scale, without sacrificing decentralization.