Conflux DAO #14 Voting: CFX Burning and Staking Proposal

Event Details

Conflux DAO #14, live until May 5, 2025 (14:00 UTC+8), invites CFX holders to vote on a tokenomics overhaul. The proposal includes burning 76M CFX from the Ecosystem Fund to offset four months of inflation from Proof-of-Work (PoW) and Proof-of-Stake (PoS) rewards. Additionally, staking 500M CFX aims to reduce the PoS Annual Percentage Rate (APR) from 18.2% to ~13.38%. This dual strategy seeks to stabilize CFX’s supply, enhance investor confidence, and support long-term growth for Conflux, a layer-1 blockchain known for its Tree-Graph consensus and regulatory compliance in China. Voting is accessible via Conflux’s governance portal, and participation is crucial for shaping the network’s future.

Recent News

Conflux has been making waves. In December 2024, Smile Shop partnered with Conflux to launch the BitUnion prepaid card, integrating blockchain into Asian e-commerce. Earlier, Conflux collaborated with China Telecom to pilot blockchain-enabled SIM cards, reinforcing its position as China’s only regulatory-compliant public blockchain. A $10M token sale by DWF Labs in 2024 fueled technological advancements and user base expansion. These milestones highlight Conflux’s growing influence in bridging Asian and global markets.

Future Plans

Conflux’s roadmap is ambitious. The network is developing an EVM-compatible layer-2 solution to enhance Bitcoin interoperability, capitalizing on crypto’s largest blockchain. The Conflux Developer Ambassador Program, launched in April 2025, aims to onboard developers and foster Web3 innovation. Additionally, Conflux is expanding its DeFi ecosystem with projects like Mold Finance and FluxFire, a premier launchpad. These initiatives signal a focus on scalability, developer engagement, and multi-chain connectivity.

Onchain Data

As of March 2023, Conflux had a circulating supply of 5.13B CFX out of a total 5.28B, with a market cap of ~$408M USD. Recent data from CoinMarketCap (Dec 2024) shows a 24-hour trading volume of $106.57M, reflecting robust liquidity. Staking metrics are unavailable, but the proposed 500M CFX stake could significantly impact PoS dynamics, potentially tightening supply. Onchain analytics platforms like Dune or Glassnode lack specific Conflux dashboards, limiting deeper insights.

Community Sentiment

X posts reveal strong community engagement. Conflux’s announcement of DAO #14 sparked discussions, with users praising the deflationary measures as a step toward value preservation. Influencers like @cmcal_bot amplified the event, signaling broad awareness. Sentiment leans positive, though some users expressed concerns about short-term price volatility due to the burn. Overall, the community sees this as a proactive move to strengthen CFX’s tokenomics.

Why It Matters

This vote could redefine Conflux’s economic model, making CFX more attractive to investors by addressing inflation. With a scalable network processing 300–6,000 TPS and competitive fees, Conflux is well-positioned to rival Ethereum in DeFi and dApps. However, token burns and staking adjustments carry risks, including potential price fluctuations. Investors should monitor market reactions and conduct their own research before acting.