The eco-currency tripled in one day. Which ecosystems of Conflux, the leading Chinese company, are worth paying attention to?

2023-02-20 18:29

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As the undisputed leading project in the Chinese concept market, how is the ecosystem developing?

Written by: Logicrw & czgsws

I didn't expect that after the AI concept, the Hong Kong concept would take over the market liquidity. The Hong Kong Securities and Futures Commission has just released a consultation document, which will allow individual investors to trade large-cap tokens on trading platforms licensed by the Securities and Futures Commission, provided that safeguards such as knowledge tests, risk tolerance assessments and reasonable risk exposure limits are in place.

In other words, the Hong Kong Securities and Futures Commission may allow trading platforms licensed by the Securities and Futures Commission to accept retail investors to trade Bitcoin and Ethereum. This also continues to boost the market sentiment towards Chinese concept projects. Among them, Conflux, which has just announced that it will test blockchain SIM cards in Hong Kong, is a well-deserved sentiment leader. In addition to CFX, there are many projects worth paying attention to in the Conflux ecosystem. BlockBeats briefly summarizes them as follows:

Fluent

Fluent is the main online wallet in the Conflux ecosystem. It currently supports Chrome, FireFox, and Microsoft Edge browser extension versions. When the browser language is Chinese, the native language of the dApp extension program will also be Chinese. The process of creating a wallet is basically the same as MetaMask, but the entire process is in Chinese, which provides a good user experience for Chinese users who have just joined the Web3 field.

Official website link: https://fluentwallet.com/

Swappi (PPI, 24H +274.8%)

Swappi is the most mainstream decentralized trading platform on Conflux eSpace. Its positioning is equivalent to PancakeSwap in the BNB Chain ecosystem. Its main functions include Swap, liquidity mining, staking and Launchpad. Currently, the Swap function only supports 17 assets including mainstream tokens such as BNB, ETH, WBTC, and Conflux ecosystem project tokens.

Project Token PPI is a governance token, and holders can obtain part of the trading platform income. In this round of China Concept Market, the increase was amazing, with an increase of more than 300% in 24 hours. The total amount of PPI was 488 million, including:

· 50% is used to incentivize liquidity providers (LP);

· 20% is used for marketing;

· 15% is retained by the treasury;

· 15% is reserved for the team.

Official website link: https://app.swappi.io/#/swap

Flux Protocol (FLUX, 24H +11.8%)

Flux Protocol is a lending protocol with low transaction fees and cross-chain interoperability, developed by ZeroOne Universe. Flux provides a lending mechanism that adjusts the interest rates of crypto assets in an automatic and decentralized manner, incentivizing liquidity in the cryptocurrency market. In addition to supporting Conflux Network's native Token CFX, Flux also supports assets that comply with the ERC-777 standard.

The main purpose of the project token FLUX is to incentivize liquidity providers on the Flux platform, and it is also used as a governance token in the Flux protocol. FLUX is used to vote on improvement proposals for the FLux platform. In addition, FLUX can be placed in the protocol security module to provide security for the protocol itself and depositors, and in this way, certain rewards can be obtained from the protocol. The total supply of FLUX is 21 million. FLUX is all generated through mining, without angel investors, VC investment allocations, private placements, and pre-mining.

Official website link: https://flux.01.finance/

Goledo Finance (GOL, 24H +655.8%)

Goledo is a cross-chain lending protocol built on Aave. Depositors earn passive income by depositing digital assets into the algorithmic liquidity market, while providing over-collateralized and under-collateralized loans to borrowers. The project is under code security review by PeckShield and is still in the testnet stage. In the Goledo protocol, platform revenue consists of two parts: lending interest and flash loan fees. 50% of the platform revenue will be directly provided to GOL pledgers and lock-up users to incentivize the use of the protocol, and the other half will flow into the Goledo treasury.

The total amount of the project Token GOL is 100 million, of which:

· 30% is used to incentivize lenders and borrowers, and will be issued within four years;

· 30% is allocated to GOL/WCFX liquidity providers and/or dual-currency mining with other Tokens, and will be issued within four years;

· 14% is used for project marketing, and will be released linearly within one year;

· 4% is retained by the treasury;

· 7% is reserved for investors and IDOs, and will be released linearly within one year;

· 15% is reserved for the team, and will be released linearly within 1 year.

Official website link: https://www.goledo.cash/

NUCLEON (NUT, 24H +228.87%)

Nucleon is the first liquidity staking solution launched on Conflux eSpace, launched by the X-Dao(XD) team. Conflux eSpace is an EVM-compatible smart contract execution environment built on Conflux, allowing developers to deploy and execute Ethereum native dApps and smart contracts in the Conflux ecosystem. NUCLEON aims to build the most powerful liquidity staking ecosystem on Conflux, and plans to provide users with more opportunities to participate in Conflux POS staking without reducing user token liquidity.

When users stake with Nucleon, they receive xCFX Token, a certificate of staked CFX, at a 1:1 ratio. xCFX can be used to earn yield and loan rewards like regular CFX, and is updated daily to reflect CFX staking rewards. There is no lock-up when staking on Nucleon, and there is a minimum deposit of 1 CFX to reduce DDoS risk. NUT is Nucleon's governance token, which can be used for staking voting and increase staking interest returns. NUT Token allocation is defined by the project team and can be traded on the secondary market.