The developer behind Conflux Network has raised $10 million from DWF labs. Its native token, CFX, gained 9.6% following the សេចក្តីប្រកាស.
DWF Labs purchased CFX from the project’s team and foundation reserve. The tokens will “linearly unlock” over an unspecified period, said Fan Long, Conflux co-founder. The Layer 1 blockchain will use the funding to build out its tech stack and expand its user base.
CFX was trading for $0.231 by 4:30 a.m. EST, up around 9.3% over the past few hours, according to TradingView data.
Betting on brands
Conflux recently benefited from brand partnerships with China Telecom and Little Red Book.
China Telecom is the country’s second-largest telecom provider. Conflux is working with the firm to develop blockchain-enabled SIM cards. “The Web3 product will be the largest blockchain hardware product ever seen globally, involving the most users and applications,” according to a Twitter ក្រោយ. China Telecom has over 391 million mobile subscribers.
Before this, Conflux បានបង្ហាញ in January that it would integrate with Little Red Book, the Chinese version of Instagram. The partnership will allow users to display their NFTs on the platform
The price of CFX token climbed in response to both partnership announcements.
រក្សាសិទ្ធិគ្រប់យ៉ាងដោយឆ្នាំ ២០២០ ។ អត្ថបទនេះត្រូវបានផ្តល់ជូនសម្រាប់គោលបំណងព័ត៌មានតែប៉ុណ្ណោះ។ វាមិនត្រូវបានផ្តល់ជូនឬមានបំណងត្រូវបានប្រើជាច្បាប់ពន្ធការវិនិយោគហិរញ្ញវត្ថុឬដំបូន្មានផ្សេងទៀតទេ។
Source: https://www.theblock.co/post/216010/conflux-token-jumps-following-token-round-dwf-labs?utm_source=rss&utm_medium=rss